FDIC Certificate #: 17210 Status: Active Federal Reserve ID: 695648 Bank Holding Company (Regulatory Top Holder): Ruth Bank Corporation (RSSDID: 1210600, Location: Ruth, MI) Date Established: March 30, 1953 WWW:http://www.ruthbank.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 #: 11239 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: March 30, 1953 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: 7004 East Atwater Road, Ruth, MI 48470 County: Huron 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: $32.1 mil Equity capital: $3.0 mil Deposits held in domestic offices: $28.2 mil Return on assets (ROA): -0.02% (-$0.0 mil) Quarterly return on assets: -0.01% (-$0.0 mil) Return on Equity (ROE): -0.24% (-$0.0 mil) Quarterly return on equity: -0.13% (-$0.0 mil) Net income: -$0.0 mil Quarterly Net income: -$0.0 mil Pretax return on assets: -0.02% (-$6.4 mil) Quarterly Pretax return on assets: -0.01% (-$3.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
5Total employees (full-time equivalent)
$32,088Total assets
$6,788Cash and due from depository institutions
$5,484Interest-bearing balances
$14,945Securities
$0Federal funds sold & reverse repurchase agreements
$8,976Net loans & leases
$125Loan loss allowance
$0Trading account assets
$276Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$32,088Life insurance assets
$1,103All other assets
$29,081Total liabilities and capital
$28,248Total liabilities
$22,976Total deposits
$28,248Interest-bearing deposits
$96Deposits held in domestic offices
614.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$219Subordinated debt
$3,007All other liabilities
$3,007Total equity capital
$3,007Total bank equity capital
$0Perpetual preferred stock
$400Common stock
$1,600Surplus
$1,007Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$194Income earned, not collected on loans
$0Earning assets
$143Long-term assets (5+ years)
$29,405Average Assets, year-to-date
$5,225Average Assets, quarterly
$30,807Volatile liabilities
$30,768Insider loans
$14,278FHLB advances
$30,374Loans and leases held for sale
$861Unused loan commitments
$861Tier 1 (core) risk-based capital
$2,889Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$928Restructured Loans and leases
$4Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$835Total interest income
$235Total interest expense
$600Net interest income
-$1Provision for loan and lease losses
$77Total noninterest income
$0Fiduciary activities
$26Service charges on deposit accounts
$0Trading account gains & fees
$51Additional noninterest income
$686Total noninterest expense
$387Salaries and employee benefits
$73Premises and equipment expense
$226Additional noninterest expense
-$8Pre-tax net operating income
$1Securities gains (losses)
$0Applicable income taxes
-$7Income before extraordinary items
$0Extraordinary gains - net
-$7Net income attributable to bank
$0Net charge-offs
-$7Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.97%Yield on earning assets
0.84%Cost of funding earning assets
2.13%Net interest margin
0.27%Noninterest income to earning assets
2.44%Noninterest expense to earning assets
-0.03%Net operating income to assets
-0.02%Return on assets (ROA)
-0.02%Pretax return on assets
-0.24%Return on equity (ROE)
-0.24%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
101,329Assets per employee
6.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
64.43%Noncurrent assets plus other real estate owned to assets
0.60%Noncurrent loans to loans
2.13%Net loans and leases to deposits
31.78%Net loans and leases to core deposits
33.32%Equity capital to assets
9.37%Core capital (leverage) ratio
9.51%Tier 1 risk-based capital ratio
20.23%Total risk-based capital ratio
Memoranda
$21Average assets
$30,807Average earning assets
$2,955Average equity
$28,144Average loans
List of branches
1 Michigan Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
11239
Ruth State Bank
7004 East Atwater Road, Ruth, MI 48470
March 30, 1953
Full Service Brick and Mortar
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