FDIC Certificate #: 28059 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Peoples Federal Savings Bank of DeKalb County (#29789) Federal Reserve ID: 802978 Date Established: January 01, 1886 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 819 FDIC's unique #: 40893 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 05, 1939 Last Structure Change Effective Date: October 01, 2007 Last Structure Change Process Date: October 17, 2007 Last Data Update: October 17, 2007 Data Source Date: April 05, 2012
Location
Address: 123 Portage Avenue, Three Rivers, MI 49093 County: St. Joseph 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 Core Based Statistical Area (CBSA): Sturgis, MI (#44780) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $99.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
42Total employees (full-time equivalent)
$108,767Total assets
$10,120Cash and due from depository institutions
$8,907Interest-bearing balances
$18,755Securities
$0Federal funds sold & reverse repurchase agreements
$70,956Net loans & leases
$503Loan loss allowance
$0Trading account assets
$2,169Bank premises and fixed assets
$867Other real estate owned
$2,655Goodwill and other intangibles
$739Life insurance assets
$3,245All other assets
$108,767Total liabilities and capital
$92,554Total liabilities
$71,106Total deposits
$65,765Interest-bearing deposits
$71,106Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$20,500Other borrowed funds
$0Subordinated debt
$948All other liabilities
$16,213Total equity capital
$16,213Total bank equity capital
$16,213Perpetual preferred stock
$0Common stock
$9Surplus
$12,541Undivided profits
Memoranda
$3,663Noncurrent loans and leases
$4,817Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$129Earning assets
$0Long-term assets (5+ years)
$611Average Assets, year-to-date
$98,618Average Assets, quarterly
$0Volatile liabilities
$108,963Insider loans
$108,510FHLB advances
$33,620Loans and leases held for sale
$702Unused loan commitments
$20,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,817Total unused commitments
$1,124Restructured Loans and leases
$503Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$6,600Total interest income
$2,941Total interest expense
$3,659Net interest income
$8Provision for loan and lease losses
$641Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$641Additional noninterest income
$3,725Total noninterest expense
$2,058Salaries and employee benefits
$953Premises and equipment expense
$714Additional noninterest expense
$567Pre-tax net operating income
$80Securities gains (losses)
$176Applicable income taxes
$471Income before extraordinary items
$0Extraordinary gains - net
$471Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$71Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.70%Yield on earning assets
2.99%Cost of funding earning assets
3.72%Net interest margin
0.65%Noninterest income to earning assets
3.78%Noninterest expense to earning assets
0.38%Net operating income to assets
0.43%Return on assets (ROA)
0.59%Pretax return on assets
2.97%Return on equity (ROE)
2.97%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
11.27%Credit loss provision to net charge-offs
8.10%Efficiency ratio
83,349Assets per employee
2.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.70%Loss allowance to noncurrent loans
389.92%Noncurrent assets plus other real estate owned to assets
0.92%Noncurrent loans to loans
0.18%Net loans and leases to deposits
99.79%Net loans and leases to core deposits
122.37%Equity capital to assets
14.91%Core capital (leverage) ratio
13.06%Tier 1 risk-based capital ratio
24.24%Total risk-based capital ratio
Memoranda
$25Average assets
$108,963Average earning assets
$15,876Average equity
$98,443Average loans
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