Republic Bank - Central in Williamston, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1993

  • Republic Bank - Central in Williamston, Michigan (MI)
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Republic Bank - Central - Overview

  • General
  • FDIC Certificate #: 1017
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Republic Bank (#20001)
    Federal Reserve ID: 432245
    Date Established: September 01, 1909
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 9248
    FDIC's unique #: 674
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 01, 1993
    Last Structure Change Process Date: October 26, 1993
    Last Data Update: October 26, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 West Middle Street, Williamston, MI 48895
    County: Ingham
    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): Lansing-East Lansing, MI (#4040)
    Combined Statistical Area (CSA): Lansing-East Lansing-Owosso, MI (#330)
    Core Based Statistical Area (CBSA): Lansing-East Lansing, MI (#29620)
    CBSA Metro Statistical Area: Lansing-East Lansing, MI (#29620)
  • Financial Summary
  • Total assets: $90.9 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $53Total assets
  • $97,706Cash and due from depository institutions
  • $5,115Interest-bearing balances
  • $0Securities
  • $8,972Federal funds sold & reverse repurchase agreements
  • $9,350Net loans & leases
  • $71,290Loan loss allowance
  • $1,269Trading account assets
  • $0Bank premises and fixed assets
  • $1,030Other real estate owned
  • $661Goodwill and other intangibles
  • $796Life insurance assets
  • $492All other assets
  • $0Total liabilities and capital
  • $97,706Total liabilities
  • $88,089Total deposits
  • $87,127Interest-bearing deposits
  • $78,832Deposits held in domestic offices
  • 87127.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $962Total equity capital
  • $962Total bank equity capital
  • $9,617Perpetual preferred stock
  • $0Common stock
  • $2,488Surplus
  • $4,382Undivided profits
  • Memoranda
  • $2,747Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,106Income earned, not collected on loans
  • $389Earning assets
  • $89,612Long-term assets (5+ years)
  • $7,318Average Assets, year-to-date
  • $91,739Average Assets, quarterly
  • $96,522Volatile liabilities
  • $8,143Insider loans
  • $11FHLB advances
  • $0Loans and leases held for sale
  • $21,428Unused loan commitments
  • $3,710Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,125Total risk weighted assets
  • $54,417Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,233Total interest expense
  • $3,627Net interest income
  • $3,606Provision for loan and lease losses
  • $430Total noninterest income
  • $1,256Fiduciary activities
  • $0Service charges on deposit accounts
  • $179Trading account gains & fees
  • $0Additional noninterest income
  • $1,077Total noninterest expense
  • $3,537Salaries and employee benefits
  • $1,698Premises and equipment expense
  • $449Additional noninterest expense
  • $1,390Pre-tax net operating income
  • $895Securities gains (losses)
  • $452Applicable income taxes
  • $502Income before extraordinary items
  • $845Extraordinary gains - net
  • $0Net income attributable to bank
  • $845Net charge-offs
  • $478Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.44%Cost of funding earning assets
  • 4.23%Net interest margin
  • 4.21%Noninterest income to earning assets
  • 1.47%Noninterest expense to earning assets
  • 4.13%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.92%Pretax return on assets
  • 1.47%Return on equity (ROE)
  • 9.08%Retained earnings to average equity (YTD only)
  • 9.08%Net charge-offs to loans
  • 0.73%Credit loss provision to net charge-offs
  • 89.96%Efficiency ratio
  • 70,465Assets per employee
  • 1.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 114.74%Noncurrent assets plus other real estate owned to assets
  • 1.81%Noncurrent loans to loans
  • 1.52%Net loans and leases to deposits
  • 81.82%Net loans and leases to core deposits
  • 90.26%Equity capital to assets
  • 9.84%Core capital (leverage) ratio
  • 9.40%Tier 1 risk-based capital ratio
  • 16.77%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $91,739Average earning assets
  • $9,302Average equity
  • $85,707Average loans

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