First National Bank of Michigan in city_name, state_name - Detailed Financial Reports, Location

First National Bank of Michigan in Kalamazoo, Michigan (MI)
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First National Bank of Michigan routing number info

First National Bank of Michigan - Overview

General
FDIC Certificate #: 58259
Status: Active
Federal Reserve ID: 3404467
Bank Holding Company (Regulatory Top Holder): First National Bancorp, Inc. (RSSDID: 3404458, Location: Kalamazoo, MI)
Date Established: April 12, 2006
WWW: http://www.fnbmichigan.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 444648
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: April 12, 2006
Last Structure Change Effective Date: September 01, 2009
Last Structure Change Process Date: September 04, 2009
Last Data Update: September 04, 2009
Data Source Date: April 05, 2012
Location
Address: 348 West Michigan Avenue, Kalamazoo, MI 49007
County: Kalamazoo
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
Metropolitan Statistical Area (MSA): Kalamazoo-Battle Creek, MI (#3720)
Core Based Statistical Area (CBSA): Kalamazoo-Portage, MI (#28020)
CBSA Metro Statistical Area: Kalamazoo-Portage, MI (#28020)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $204.8 mil
Equity capital: $22.3 mil
Deposits held in domestic offices: $174.1 mil
Return on assets (ROA): 1.12% ($2.3 mil)
Quarterly return on assets: 1.25% ($2.6 mil)
Return on Equity (ROE): 10.38% ($2.3 mil)
Quarterly return on equity: 11.67% ($2.6 mil)
Net income: $2.2 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 1.64% ($3,358.0 mil)
Quarterly Pretax return on assets: 1.84% ($3,767.5 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
30Total employees (full-time equivalent)
$204,754Total assets
$6,416Cash and due from depository institutions
$5,532Interest-bearing balances
$34,100Securities
$0Federal funds sold & reverse repurchase agreements
$159,197Net loans & leases
$3,268Loan loss allowance
$0Trading account assets
$541Bank premises and fixed assets
$679Other real estate owned
$0Goodwill and other intangibles
$204,754Life insurance assets
$3,821All other assets
$182,479Total liabilities and capital
$174,091Total liabilities
$135,177Total deposits
$174,091Interest-bearing deposits
$82Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$8,000Trading liabilities
$0Other borrowed funds
$388Subordinated debt
$22,275All other liabilities
$22,275Total equity capital
$22,275Total bank equity capital
$0Perpetual preferred stock
$8,500Common stock
$9,982Surplus
$3,793Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$752Income earned, not collected on loans
$0Earning assets
$671Long-term assets (5+ years)
$198,829Average Assets, year-to-date
$16,847Average Assets, quarterly
$193,885Volatile liabilities
$204,705Insider loans
$169,360FHLB advances
$207,779Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$21,669Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$50,366Restructured Loans and leases
$6,185Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$9,505Total interest income
$1,611Total interest expense
$7,894Net interest income
$567Provision for loan and lease losses
$866Total noninterest income
$0Fiduciary activities
$251Service charges on deposit accounts
$0Trading account gains & fees
$615Additional noninterest income
$5,013Total noninterest expense
$2,726Salaries and employee benefits
$509Premises and equipment expense
$1,778Additional noninterest expense
$3,180Pre-tax net operating income
$4Securities gains (losses)
$1,018Applicable income taxes
$2,166Income before extraordinary items
$0Extraordinary gains - net
$2,166Net income attributable to bank
$0Net charge-offs
$2,166Cash dividends
$96Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.05%Yield on earning assets
0.86%Cost of funding earning assets
4.20%Net interest margin
0.46%Noninterest income to earning assets
2.67%Noninterest expense to earning assets
1.12%Net operating income to assets
1.12%Return on assets (ROA)
1.64%Pretax return on assets
10.38%Return on equity (ROE)
10.38%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
590.63%Credit loss provision to net charge-offs
39.03%Efficiency ratio
57,226Assets per employee
6.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.01%Loss allowance to noncurrent loans
434.57%Noncurrent assets plus other real estate owned to assets
0.70%Noncurrent loans to loans
0.46%Net loans and leases to deposits
91.44%Net loans and leases to core deposits
125.59%Equity capital to assets
10.88%Core capital (leverage) ratio
10.43%Tier 1 risk-based capital ratio
12.79%Total risk-based capital ratio
Memoranda
$14Average assets
$193,885Average earning assets
$20,871Average equity
$188,078Average loans

List of branches

3 Michigan Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	444648	First National Bank Of Michigan	348 West Michigan Avenue, Kalamazoo, MI 49007	April 12, 2006	Full Service Brick and Mortar
1	492765	Woodbridge Branch	2700 W Centre, Portage, MI 49024	November 16, 2008	Full Service Brick and Mortar
2	513418	First National Bank Of Michigan-West	5313 West Main Street, Kalamazoo, MI 49009	September 09, 2010	Full Service Brick and Mortar

First National Bank of Michigan in Kalamazoo, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Michigan - 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 National Bank of Michigan in Kalamazoo, Michigan (MI)Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Michigan - 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 National Bank of Michigan in Kalamazoo, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches