Firstbank - Lakeview in city_name, state_name - Detailed Financial Reports, Location

Firstbank - Lakeview in Lakeview, Michigan (MI)
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Firstbank - Lakeview - Overview

General
FDIC Certificate #: 13874
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Firstbank (#1597)
Federal Reserve ID: 171348
Date Established: January 01, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
OTS Docket #: 13779
FDIC's unique #: 8674
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: Febuary 12, 1934
Last Structure Change Effective Date: May 16, 2008
Last Structure Change Process Date: June 11, 2008
Last Data Update: June 11, 2008
Data Source Date: April 05, 2012
Location
Address: 506 South Lincoln Avenue, Lakeview, MI 48850
County: Montcalm
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
Financial Summary
Total assets: $113.7 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, 2007)

Dollar figures in thousands
36Total employees (full-time equivalent)
$119,542Total assets
$3,390Cash and due from depository institutions
$10Interest-bearing balances
$4,834Securities
$0Federal funds sold & reverse repurchase agreements
$105,407Net loans & leases
$810Loan loss allowance
$0Trading account assets
$3,004Bank premises and fixed assets
$236Other real estate owned
$691Goodwill and other intangibles
$0Life insurance assets
$1,980All other assets
$119,542Total liabilities and capital
$110,035Total liabilities
$88,366Total deposits
$75,516Interest-bearing deposits
$88,366Deposits held in domestic offices
0.00%% insured (estimated)
$4,680Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,063Other borrowed funds
$0Subordinated debt
$1,926All other liabilities
$9,507Total equity capital
$9,507Total bank equity capital
$9,507Perpetual preferred stock
$0Common stock
$1,350Surplus
$6,248Undivided profits
Memoranda
$1,909Noncurrent loans and leases
$14,498Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,306Earning assets
$0Long-term assets (5+ years)
$471Average Assets, year-to-date
$110,251Average Assets, quarterly
$20,973Volatile liabilities
$122,192Insider loans
$119,127FHLB advances
$17,354Loans and leases held for sale
$8,309Unused loan commitments
$15,063Tier 1 (core) risk-based capital
$169Tier 2 risk-based capital
$446Total risk weighted assets
$14,498Total unused commitments
$0Restructured Loans and leases
$810Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$7,770Total interest income
$3,565Total interest expense
$4,205Net interest income
$102Provision for loan and lease losses
$1,060Total noninterest income
$0Fiduciary activities
$525Service charges on deposit accounts
$0Trading account gains & fees
$535Additional noninterest income
$3,945Total noninterest expense
$1,562Salaries and employee benefits
$588Premises and equipment expense
$1,795Additional noninterest expense
$1,218Pre-tax net operating income
-$29Securities gains (losses)
$348Applicable income taxes
$841Income before extraordinary items
$0Extraordinary gains - net
$841Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$655Sale, conversion, retirement of capital stock, net
$1,750Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.84%Yield on earning assets
3.14%Cost of funding earning assets
3.70%Net interest margin
0.93%Noninterest income to earning assets
3.48%Noninterest expense to earning assets
0.71%Net operating income to assets
0.69%Return on assets (ROA)
0.97%Pretax return on assets
8.29%Return on equity (ROE)
-8.96%Retained earnings to average equity (YTD only)
0.61%Net charge-offs to loans
15.57%Credit loss provision to net charge-offs
2.02%Efficiency ratio
72,555Assets per employee
3.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
208.09%Loss allowance to loans
0.76%Loss allowance to noncurrent loans
62.02%Noncurrent assets plus other real estate owned to assets
1.29%Noncurrent loans to loans
1.23%Net loans and leases to deposits
119.28%Net loans and leases to core deposits
133.84%Equity capital to assets
7.95%Core capital (leverage) ratio
7.64%Tier 1 risk-based capital ratio
9.23%Total risk-based capital ratio
Memoranda
$10Average assets
$122,192Average earning assets
$10,143Average equity
$113,518Average loans

Firstbank - Lakeview in Lakeview, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Firstbank - Lakeview - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

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

Firstbank - Lakeview in Lakeview, Michigan (MI)Overview, Financial Summary, Detailed Financial Reports, Branches

Firstbank - Lakeview - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

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

Firstbank - Lakeview in Lakeview, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches