First Community Bank in city_name, state_name - Detailed Financial Reports, Location

First Community Bank in Harbor Springs, Michigan (MI)
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First Community Bank routing number info

First Community Bank - Overview

General
FDIC Certificate #: 13179
Status: Active
Federal Reserve ID: 932745
Bank Holding Company (Regulatory Top Holder): Harbor Springs Financial Corporation (RSSDID: 1208102, Location: Harbor Springs, MI)
Date Established: November 01, 1905
WWW: http://www.firstcb.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 10580
FDIC's unique #: 8339
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 200 East Main Street, Harbor Springs, MI 49740
County: Emmet
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Grand Rapids
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $186.7 mil
Equity capital: $22.5 mil
Deposits held in domestic offices: $154.7 mil
Return on assets (ROA): 0.53% ($1.0 mil)
Quarterly return on assets: 0.39% ($0.7 mil)
Return on Equity (ROE): 4.56% ($1.0 mil)
Quarterly return on equity: 3.31% ($0.8 mil)
Net income: $1.0 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.53% ($989.5 mil)
Quarterly Pretax return on assets: 0.39% ($728.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
68Total employees (full-time equivalent)
$186,707Total assets
$14,602Cash and due from depository institutions
$10,864Interest-bearing balances
$13,419Securities
$8,000Federal funds sold & reverse repurchase agreements
$136,985Net loans & leases
$2,203Loan loss allowance
$0Trading account assets
$2,573Bank premises and fixed assets
$4,727Other real estate owned
$0Goodwill and other intangibles
$186,707Life insurance assets
$6,401All other assets
$164,193Total liabilities and capital
$154,685Total liabilities
$124,261Total deposits
$154,685Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,957Trading liabilities
$0Other borrowed funds
$551Subordinated debt
$22,514All other liabilities
$22,514Total equity capital
$22,514Total bank equity capital
$0Perpetual preferred stock
$1,500Common stock
$7,400Surplus
$13,614Undivided profits
Memoranda
$0Noncurrent loans and leases
$772Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,223Income earned, not collected on loans
$0Earning assets
$809Long-term assets (5+ years)
$169,268Average Assets, year-to-date
$7,082Average Assets, quarterly
$194,074Volatile liabilities
$192,858Insider loans
$142,162FHLB advances
$190,193Loans and leases held for sale
$3,156Unused loan commitments
$3,156Tier 1 (core) risk-based capital
$22,204Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$20,439Restructured Loans and leases
$927Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$10,098Total interest income
$1,622Total interest expense
$8,476Net interest income
$900Provision for loan and lease losses
$1,310Total noninterest income
$0Fiduciary activities
$779Service charges on deposit accounts
$0Trading account gains & fees
$531Additional noninterest income
$7,879Total noninterest expense
$3,690Salaries and employee benefits
$1,353Premises and equipment expense
$2,836Additional noninterest expense
$1,007Pre-tax net operating income
$21Securities gains (losses)
$0Applicable income taxes
$1,028Income before extraordinary items
$0Extraordinary gains - net
$1,028Net income attributable to bank
$0Net charge-offs
$1,028Cash dividends
$1,158Sale, conversion, retirement of capital stock, net
$800Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.71%Yield on earning assets
0.92%Cost of funding earning assets
4.79%Net interest margin
0.74%Noninterest income to earning assets
4.46%Noninterest expense to earning assets
0.52%Net operating income to assets
0.53%Return on assets (ROA)
0.53%Pretax return on assets
4.56%Return on equity (ROE)
1.01%Retained earnings to average equity (YTD only)
0.81%Net charge-offs to loans
77.72%Credit loss provision to net charge-offs
1.65%Efficiency ratio
80,513Assets per employee
2.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
77.82%Loss allowance to loans
1.58%Loss allowance to noncurrent loans
180.13%Noncurrent assets plus other real estate owned to assets
3.19%Noncurrent loans to loans
0.88%Net loans and leases to deposits
88.56%Net loans and leases to core deposits
100.03%Equity capital to assets
12.06%Core capital (leverage) ratio
11.67%Tier 1 risk-based capital ratio
15.62%Total risk-based capital ratio
Memoranda
$17Average assets
$194,074Average earning assets
$22,562Average equity
$176,843Average loans

List of branches

8 Michigan Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	8339	First Community Bank	200 East Main Street, Harbor Springs, MI 49740	November 01, 1905	Full Service Brick and Mortar
1	229279	Harbor Springs Airport Branch	Pleasantview Road And M-119, Harbor Springs, MI 49740	October 27, 1976	Limited Service Facility
2	229280	Harbor Springs Lake St Branch	115 East Lake Street, Harbor Springs, MI 49740	June 22, 1981	Limited Service Facility
3	229281	Petoskey Division St Branch	2201 East Mitchell, Petoskey, MI 49770	July 19, 1993	Limited Service Facility
4	229282	Petoskey Main Office	330 East Mitchell, Petoskey, MI 49770	May 03, 1993	Full Service Brick and Mortar
7	361319	Cheboygan Main Office Branch	201 North Main Street, Cheboygan, MI 49721	June 30, 2001	Full Service Brick and Mortar
8	419443	Petoskey Spring Street Branch	930 Spring Street, Petoskey, MI 49770	June 02, 2003	Limited Service Facility
9	465763	Traverse City Main Branch	102 E Front Street, Traverse City, MI 49684	November 01, 2006	Full Service Brick and Mortar

First Community Bank in Harbor Springs, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Community Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Community Bank in Harbor Springs, Michigan (MI)Overview, Financial Summary, Detailed Financial Reports, Branches

First Community Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Community Bank in Harbor Springs, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches