FDIC Certificate #: 23126 Status: Active Federal Reserve ID: 753641 Bank Holding Company (Regulatory Top Holder): Huron National Bancorp, Inc. (RSSDID: 1491771, Location: Rogers City, MI) Date Established: May 12, 1980 WWW:http://www.huronnationalbank.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: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 16201 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: All Other Specialization < 1 Billion Date of Deposit Insurance: May 12, 1980 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 200 East Erie, Rogers City, MI 49779 County: Presque Isle 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $54.4 mil Equity capital: $7.3 mil Deposits held in domestic offices: $47.0 mil Return on assets (ROA): 1.00% ($0.5 mil) Quarterly return on assets: 1.20% ($0.6 mil) Return on Equity (ROE): 7.61% ($0.5 mil) Quarterly return on equity: 9.19% ($0.6 mil) Net income: $0.5 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.45% ($789.4 mil) Quarterly Pretax return on assets: 1.83% ($996.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
14Total employees (full-time equivalent)
$54,439Total assets
$3,625Cash and due from depository institutions
$2,265Interest-bearing balances
$10,516Securities
$2,216Federal funds sold & reverse repurchase agreements
$35,638Net loans & leases
$300Loan loss allowance
$0Trading account assets
$238Bank premises and fixed assets
$636Other real estate owned
$0Goodwill and other intangibles
$54,439Life insurance assets
$1,570All other assets
$47,149Total liabilities and capital
$46,987Total liabilities
$41,132Total deposits
$46,987Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$162Subordinated debt
$7,290All other liabilities
$7,290Total equity capital
$7,290Total bank equity capital
$0Perpetual preferred stock
$573Common stock
$364Surplus
$6,353Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$446Income earned, not collected on loans
$0Earning assets
$273Long-term assets (5+ years)
$50,635Average Assets, year-to-date
$9,510Average Assets, quarterly
$54,440Volatile liabilities
$55,922Insider loans
$34,126FHLB advances
$55,872Loans and leases held for sale
$1,009Unused loan commitments
$1,009Tier 1 (core) risk-based capital
$7,230Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,143Restructured Loans and leases
$412Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,657Total interest income
$727Total interest expense
$1,930Net interest income
$154Provision for loan and lease losses
$224Total noninterest income
$0Fiduciary activities
$153Service charges on deposit accounts
$0Trading account gains & fees
$71Additional noninterest income
$1,213Total noninterest expense
$669Salaries and employee benefits
$133Premises and equipment expense
$411Additional noninterest expense
$787Pre-tax net operating income
$0Securities gains (losses)
$244Applicable income taxes
$543Income before extraordinary items
$0Extraordinary gains - net
$543Net income attributable to bank
$0Net charge-offs
$543Cash dividends
$176Sale, conversion, retirement of capital stock, net
$231Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.22%Yield on earning assets
1.43%Cost of funding earning assets
3.79%Net interest margin
0.44%Noninterest income to earning assets
2.38%Noninterest expense to earning assets
1.00%Net operating income to assets
1.00%Return on assets (ROA)
1.45%Pretax return on assets
7.61%Return on equity (ROE)
4.37%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
87.50%Credit loss provision to net charge-offs
5.35%Efficiency ratio
56,314Assets per employee
3.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.54%Loss allowance to loans
0.83%Loss allowance to noncurrent loans
67.26%Noncurrent assets plus other real estate owned to assets
1.99%Noncurrent loans to loans
1.24%Net loans and leases to deposits
75.85%Net loans and leases to core deposits
81.21%Equity capital to assets
13.39%Core capital (leverage) ratio
12.94%Tier 1 risk-based capital ratio
21.19%Total risk-based capital ratio
Memoranda
$22Average assets
$54,440Average earning assets
$7,140Average equity
$50,940Average loans
List of branches
1 Michigan Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
16201
Huron National Bank
200 East Erie, Rogers City, MI 49779
May 12, 1980
Full Service Brick and Mortar
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