First State Bank of East Detroit in city_name, state_name - Detailed Financial Reports, Location

First State Bank of East Detroit in Eastpointe, Michigan (MI)
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First State Bank of East Detroit routing number info

First State Bank of East Detroit - Overview

General
FDIC Certificate #: 15032
Status: Active
Federal Reserve ID: 113740
Bank Holding Company (Regulatory Top Holder): First State Financial Corporation (RSSDID: 1204177, Location: Saint Claire Shores, MI)
Date Established: January 01, 1917
WWW: http://www.thefsb.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 11 (Domestic: 11, Interstate: No)
FDIC's unique #: 9426
Numeric code: 21
Regulator: FDIC
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 21, 1935
Last Structure Change Effective Date: December 01, 2008
Last Structure Change Process Date: December 19, 2008
Last Data Update: December 19, 2008
Data Source Date: April 05, 2012
Location
Address: 16100 9 Mile Road, Eastpointe, MI 48021
County: Macomb
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Detroit
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Detroit, MI (#2160)
Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
Core Based Statistical Area (CBSA): Detroit-Warren-Livonia, MI (#19820)
CBSA Metro Statistical Area: Detroit-Warren-Livonia, MI (#19820)
Core Based Statistical Division: Warren-Troy-Farmington Hills, MI (#47644)
Financial Summary
Total assets: $557.8 mil
Equity capital: $62.7 mil
Deposits held in domestic offices: $485.1 mil
Return on assets (ROA): 0.27% ($1.5 mil)
Quarterly return on assets: 0.31% ($1.7 mil)
Return on Equity (ROE): 2.50% ($1.6 mil)
Quarterly return on equity: 2.84% ($1.8 mil)
Net income: $1.6 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.38% ($2,119.7 mil)
Quarterly Pretax return on assets: 0.52% ($2,900.7 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
180Total employees (full-time equivalent)
$557,825Total assets
$85,975Cash and due from depository institutions
$60,488Interest-bearing balances
$132,994Securities
$10,659Federal funds sold & reverse repurchase agreements
$300,220Net loans & leases
$7,429Loan loss allowance
$0Trading account assets
$15,683Bank premises and fixed assets
$946Other real estate owned
$79Goodwill and other intangibles
$557,824Life insurance assets
$11,269All other assets
$495,101Total liabilities and capital
$485,134Total liabilities
$397,434Total deposits
$485,134Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$9,031Trading liabilities
$0Other borrowed funds
$936Subordinated debt
$62,723All other liabilities
$62,723Total equity capital
$62,723Total bank equity capital
$0Perpetual preferred stock
$925Common stock
$25,310Surplus
$36,488Undivided profits
Memoranda
$0Noncurrent loans and leases
$4,228Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$11,431Income earned, not collected on loans
$0Earning assets
$1,771Long-term assets (5+ years)
$504,361Average Assets, year-to-date
$174,222Average Assets, quarterly
$578,266Volatile liabilities
$571,362Insider loans
$340,216FHLB advances
$567,872Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$56,198Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$26,935Restructured Loans and leases
$670Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$23,207Total interest income
$3,017Total interest expense
$20,190Net interest income
$3,650Provision for loan and lease losses
$4,826Total noninterest income
$0Fiduciary activities
$2,303Service charges on deposit accounts
$0Trading account gains & fees
$2,523Additional noninterest income
$18,870Total noninterest expense
$10,465Salaries and employee benefits
$2,742Premises and equipment expense
$5,663Additional noninterest expense
$2,496Pre-tax net operating income
-$322Securities gains (losses)
$615Applicable income taxes
$1,559Income before extraordinary items
$0Extraordinary gains - net
$1,559Net income attributable to bank
$0Net charge-offs
$1,559Cash dividends
$4,674Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.50%Yield on earning assets
0.58%Cost of funding earning assets
3.91%Net interest margin
0.94%Noninterest income to earning assets
3.66%Noninterest expense to earning assets
0.31%Net operating income to assets
0.27%Return on assets (ROA)
0.38%Pretax return on assets
2.50%Return on equity (ROE)
2.50%Retained earnings to average equity (YTD only)
1.60%Net charge-offs to loans
78.09%Credit loss provision to net charge-offs
1.31%Efficiency ratio
75,340Assets per employee
3.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.41%Loss allowance to noncurrent loans
64.99%Noncurrent assets plus other real estate owned to assets
2.22%Noncurrent loans to loans
3.72%Net loans and leases to deposits
61.88%Net loans and leases to core deposits
64.18%Equity capital to assets
11.24%Core capital (leverage) ratio
9.90%Tier 1 risk-based capital ratio
16.52%Total risk-based capital ratio
Memoranda
$18Average assets
$578,266Average earning assets
$62,394Average equity
$515,815Average loans

List of branches

11 Michigan Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	9426	First State Bank Of East Detroit	16100 9 Mile Road, Eastpointe, MI 48021	January 01, 1917	Full Service Brick and Mortar
1	233116	Mack Branch	23600 Greater Mack Avenue, St. Clair Shores, MI 48081	July 17, 1947	Full Service Brick and Mortar
2	233117	Harper Branch	24335 Harper Avenue, St. Clair Shores, MI 48080	August 10, 1961	Full Service Brick and Mortar
3	233118	Ten Mile Branch	15000 Ten Mile Road, East Detroit, MI 48021	September 06, 1966	Full Service Brick and Mortar
6	233121	Kelly Branch	22711 Kelly Road, Eastpointe, MI 48021	September 29, 1980	Full Service Brick and Mortar
8	9462	Richmond Branch	67225 Gratiot Avenue, Richmond, MI 48062	January 01, 1935	Full Service Brick and Mortar
10	233175	Clinton Branch	44990 Groesbeck Highway, Clinton Township, MI 48043	May 01, 1987	Full Service Brick and Mortar
11	233123	Sterling Heights Branch	38169 Utica Road, Sterling Heights, MI 48312	June 24, 1991	Full Service Brick and Mortar
12	233124	Macomb Branch	53050 Romeo Plank Road, Macomb, MI 48042	January 16, 1996	Full Service Brick and Mortar
14	443565	Washinton Twp Office Branch	11555 26 Mile Rd, Washington Township, MI 48094	October 01, 2004	Full Service Brick and Mortar
15	454496	Chesterfield Township Branch	53950 Gratiot, Chesterfield, MI 48051	October 04, 2005	Full Service Brick and Mortar

First State Bank of East Detroit in Eastpointe, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank of East Detroit - 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 State Bank of East Detroit in Eastpointe, Michigan (MI)Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank of East Detroit - 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 State Bank of East Detroit in Eastpointe, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches