FDIC Certificate #: 14926 Status: Active Federal Reserve ID: 735049 Date Established: January 01, 1904 WWW:http://www.freelandstatebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 9350 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: Other Specialized Lending < 1 Billion Date of Deposit Insurance: October 08, 1934 Last Structure Change Effective Date: December 08, 2011 Last Structure Change Process Date: December 08, 2011 Last Data Update: December 08, 2011 Data Source Date: April 05, 2012
Location
Address: 185 East Washington Street, Freeland, MI 48623 County: Saginaw 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): Saginaw-Bay City-Midland, MI (#6960) Combined Statistical Area (CSA): Saginaw-Bay City-Saginaw Township North, MI (#474) Core Based Statistical Area (CBSA): Saginaw-Saginaw Township North, MI (#40980) CBSA Metro Statistical Area: Saginaw-Saginaw Township North, MI (#40980)
Financial Summary
Total assets: $56.4 mil Equity capital: $9.8 mil Deposits held in domestic offices: $46.3 mil Return on assets (ROA): 0.07% ($0.0 mil) Quarterly return on assets: 0.38% ($0.2 mil) Return on Equity (ROE): 0.43% ($0.0 mil) Quarterly return on equity: 2.21% ($0.2 mil) Net income: $0.0 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.11% ($62.1 mil) Quarterly Pretax return on assets: 0.58% ($327.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$56,417Total assets
$3,997Cash and due from depository institutions
$0Interest-bearing balances
$31,790Securities
$2,410Federal funds sold & reverse repurchase agreements
$17,240Net loans & leases
$218Loan loss allowance
$0Trading account assets
$226Bank premises and fixed assets
$246Other real estate owned
$0Goodwill and other intangibles
$56,417Life insurance assets
$508All other assets
$46,643Total liabilities and capital
$46,277Total liabilities
$39,849Total deposits
$46,277Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$366Subordinated debt
$9,774All other liabilities
$9,774Total equity capital
$9,774Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$2,800Surplus
$6,774Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$862Income earned, not collected on loans
$0Earning assets
$193Long-term assets (5+ years)
$51,440Average Assets, year-to-date
$0Average Assets, quarterly
$56,409Volatile liabilities
$56,985Insider loans
$19,437FHLB advances
$56,345Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$9,152Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$370Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,724Total interest income
$393Total interest expense
$1,331Net interest income
$62Provision for loan and lease losses
$143Total noninterest income
$0Fiduciary activities
$85Service charges on deposit accounts
$0Trading account gains & fees
$58Additional noninterest income
$1,367Total noninterest expense
$715Salaries and employee benefits
$114Premises and equipment expense
$538Additional noninterest expense
$45Pre-tax net operating income
$18Securities gains (losses)
$22Applicable income taxes
$41Income before extraordinary items
$0Extraordinary gains - net
$41Net income attributable to bank
$0Net charge-offs
$41Cash dividends
$68Sale, conversion, retirement of capital stock, net
$26Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.35%Yield on earning assets
0.76%Cost of funding earning assets
2.59%Net interest margin
0.28%Noninterest income to earning assets
2.66%Noninterest expense to earning assets
0.05%Net operating income to assets
0.07%Return on assets (ROA)
0.11%Pretax return on assets
0.43%Return on equity (ROE)
0.16%Retained earnings to average equity (YTD only)
0.36%Net charge-offs to loans
91.18%Credit loss provision to net charge-offs
1.57%Efficiency ratio
92,741Assets per employee
5.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.41%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
25.29%Noncurrent assets plus other real estate owned to assets
1.96%Noncurrent loans to loans
4.94%Net loans and leases to deposits
37.25%Net loans and leases to core deposits
37.92%Equity capital to assets
17.32%Core capital (leverage) ratio
16.24%Tier 1 risk-based capital ratio
47.09%Total risk-based capital ratio
Memoranda
$48Average assets
$56,409Average earning assets
$9,521Average equity
$51,469Average loans
List of branches
1 Michigan Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
9350
Freeland State Bank
185 East Washington Street, Freeland, MI 48623
January 01, 1904
Full Service Brick and Mortar
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