FDIC Certificate #: 30502 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Monarch Community Bank (#29069) Federal Reserve ID: 295570 Date Established: January 01, 1920 WWW:http://www.marshallsavings.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 5462 FDIC's unique #: 43336 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: August 17, 1956 Last Structure Change Effective Date: June 07, 2004 Last Structure Change Process Date: June 23, 2004 Last Data Update: June 23, 2004 Data Source Date: April 05, 2012
Location
Address: 107 N Park Street, Marshall, MI 49068 County: Calhoun 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 Metropolitan Statistical Area (MSA): Kalamazoo-Battle Creek, MI (#3720) Core Based Statistical Area (CBSA): Battle Creek, MI (#12980) CBSA Metro Statistical Area: Battle Creek, MI (#12980)
Financial Summary
Total assets: $92.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
30Total employees (full-time equivalent)
$94,375Total assets
$4,145Cash and due from depository institutions
$2,081Interest-bearing balances
$8,708Securities
$0Federal funds sold & reverse repurchase agreements
$72,271Net loans & leases
$477Loan loss allowance
$0Trading account assets
$1,246Bank premises and fixed assets
$1,584Other real estate owned
$2,584Goodwill and other intangibles
$0Life insurance assets
$3,837All other assets
$94,375Total liabilities and capital
$80,310Total liabilities
$70,739Total deposits
$65,283Interest-bearing deposits
$70,739Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,383Other borrowed funds
$0Subordinated debt
$188All other liabilities
$14,065Total equity capital
$14,065Total bank equity capital
$14,065Perpetual preferred stock
$0Common stock
$15Surplus
$4,589Undivided profits
Memoranda
$9,461Noncurrent loans and leases
$9,449Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,139Earning assets
$0Long-term assets (5+ years)
$417Average Assets, year-to-date
$83,060Average Assets, quarterly
$0Volatile liabilities
$99,429Insider loans
$95,901FHLB advances
$17,853Loans and leases held for sale
$4Unused loan commitments
$9,327Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,449Total unused commitments
$0Restructured Loans and leases
$477Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$5,254Total interest income
$1,811Total interest expense
$3,443Net interest income
$175Provision for loan and lease losses
$1,185Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,185Additional noninterest income
$3,047Total noninterest expense
$1,628Salaries and employee benefits
$642Premises and equipment expense
$777Additional noninterest expense
$1,406Pre-tax net operating income
$1,179Securities gains (losses)
$968Applicable income taxes
$1,617Income before extraordinary items
$0Extraordinary gains - net
$1,617Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$211Sale, conversion, retirement of capital stock, net
$973Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.91%Yield on earning assets
2.04%Cost of funding earning assets
3.87%Net interest margin
1.33%Noninterest income to earning assets
3.43%Noninterest expense to earning assets
0.87%Net operating income to assets
1.63%Return on assets (ROA)
2.60%Pretax return on assets
11.83%Return on equity (ROE)
4.71%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
82.94%Credit loss provision to net charge-offs
7.49%Efficiency ratio
64,304Assets per employee
3.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.17%Loss allowance to loans
0.66%Loss allowance to noncurrent loans
41.88%Noncurrent assets plus other real estate owned to assets
2.89%Noncurrent loans to loans
1.57%Net loans and leases to deposits
102.17%Net loans and leases to core deposits
116.06%Equity capital to assets
14.90%Core capital (leverage) ratio
13.29%Tier 1 risk-based capital ratio
19.72%Total risk-based capital ratio
Memoranda
$20Average assets
$99,429Average earning assets
$13,664Average equity
$88,859Average loans
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