Range Bank - Copper Country, National Association - Overview
General
FDIC Certificate #: 5065 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Range Bank, National Association (#5072) Federal Reserve ID: 259554 Date Established: January 01, 1888 WWW:http://www.rangebank-cc.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) FDIC's unique #: 3382 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 15, 2006 Last Structure Change Process Date: January 23, 2007 Last Data Update: January 23, 2007 Data Source Date: April 05, 2012
Location
Address: 219 Sixth Street, Calumet, MI 49913 County: Houghton Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Appleton Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Core Based Statistical Area (CBSA): Houghton, MI (#26340) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $54.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
19Total employees (full-time equivalent)
$54,557Total assets
$2,581Cash and due from depository institutions
$15Interest-bearing balances
$11,283Securities
$0Federal funds sold & reverse repurchase agreements
$37,153Net loans & leases
$467Loan loss allowance
$0Trading account assets
$944Bank premises and fixed assets
$89Other real estate owned
$1,772Goodwill and other intangibles
$0Life insurance assets
$735All other assets
$54,557Total liabilities and capital
$48,465Total liabilities
$47,321Total deposits
$40,602Interest-bearing deposits
$47,321Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$144All other liabilities
$6,092Total equity capital
$6,092Total bank equity capital
$6,092Perpetual preferred stock
$0Common stock
$157Surplus
$5,018Undivided profits
Memoranda
$917Noncurrent loans and leases
$5,440Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$145Earning assets
$0Long-term assets (5+ years)
$288Average Assets, year-to-date
$48,451Average Assets, quarterly
$7,181Volatile liabilities
$53,475Insider loans
$54,887FHLB advances
$9,185Loans and leases held for sale
$277Unused loan commitments
$1,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,440Total unused commitments
$0Restructured Loans and leases
$467Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$2,924Total interest income
$948Total interest expense
$1,976Net interest income
$90Provision for loan and lease losses
$326Total noninterest income
$0Fiduciary activities
$153Service charges on deposit accounts
$0Trading account gains & fees
$173Additional noninterest income
$1,504Total noninterest expense
$771Salaries and employee benefits
$239Premises and equipment expense
$494Additional noninterest expense
$708Pre-tax net operating income
$1Securities gains (losses)
$177Applicable income taxes
$532Income before extraordinary items
-$7Extraordinary gains - net
$525Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$4Sale, conversion, retirement of capital stock, net
$145Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.24%Yield on earning assets
2.02%Cost of funding earning assets
4.22%Net interest margin
0.70%Noninterest income to earning assets
3.21%Noninterest expense to earning assets
0.99%Net operating income to assets
0.98%Return on assets (ROA)
1.31%Pretax return on assets
8.79%Return on equity (ROE)
6.36%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-2250.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
65,334Assets per employee
2.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
27.62%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
322.07%Noncurrent assets plus other real estate owned to assets
0.43%Noncurrent loans to loans
0.39%Net loans and leases to deposits
78.51%Net loans and leases to core deposits
94.93%Equity capital to assets
11.17%Core capital (leverage) ratio
8.38%Tier 1 risk-based capital ratio
11.11%Total risk-based capital ratio
Memoranda
$12Average assets
$53,475Average earning assets
$5,970Average equity
$46,840Average loans
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