Second National Bank of Bay City in Bay City, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1996

  • Second National Bank of Bay City in Bay City, Michigan (MI)
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Second National Bank of Bay City - Overview

  • General
  • FDIC Certificate #: 22203
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank (#986)
    Federal Reserve ID: 711940
    Date Established: January 05, 1976
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    FDIC's unique #: 15425
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 05, 1976
    Last Structure Change Effective Date: June 01, 1996
    Last Structure Change Process Date: June 27, 1996
    Last Data Update: June 27, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 701 Washington Avenue, Bay City, MI 48706
    County: Bay
    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): Saginaw-Bay City-Midland, MI (#6960)
    Combined Statistical Area (CSA): Saginaw-Bay City-Saginaw Township North, MI (#474)
    Core Based Statistical Area (CBSA): Bay City, MI (#13020)
    CBSA Metro Statistical Area: Bay City, MI (#13020)
  • Financial Summary
  • Total assets: $166.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $60Total assets
  • $166,119Cash and due from depository institutions
  • $8,225Interest-bearing balances
  • $1,000Securities
  • $19,350Federal funds sold & reverse repurchase agreements
  • $8,850Net loans & leases
  • $125,575Loan loss allowance
  • $1,880Trading account assets
  • $0Bank premises and fixed assets
  • $2,586Other real estate owned
  • $70Goodwill and other intangibles
  • $1,463Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $166,119Total liabilities
  • $152,964Total deposits
  • $151,883Interest-bearing deposits
  • $123,996Deposits held in domestic offices
  • 151883.00%% insured (estimated)
  • $77Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $567Subordinated debt
  • $0All other liabilities
  • $514Total equity capital
  • $514Total bank equity capital
  • $13,155Perpetual preferred stock
  • $0Common stock
  • $1,800Surplus
  • $928Undivided profits
  • Memoranda
  • $10,427Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $218Income earned, not collected on loans
  • $702Earning assets
  • $154,775Long-term assets (5+ years)
  • $29,513Average Assets, year-to-date
  • $159,706Average Assets, quarterly
  • $163,294Volatile liabilities
  • $13,398Insider loans
  • $3,314FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $77,015Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,153Total risk weighted assets
  • $119,213Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,727Total interest expense
  • $5,099Net interest income
  • $7,628Provision for loan and lease losses
  • $390Total noninterest income
  • $808Fiduciary activities
  • $0Service charges on deposit accounts
  • $483Trading account gains & fees
  • -$11Additional noninterest income
  • $336Total noninterest expense
  • $4,769Salaries and employee benefits
  • $1,826Premises and equipment expense
  • $659Additional noninterest expense
  • $2,284Pre-tax net operating income
  • $3,277Securities gains (losses)
  • $0Applicable income taxes
  • $1,108Income before extraordinary items
  • $2,169Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,169Net charge-offs
  • $117Cash dividends
  • $1,491Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.68%Cost of funding earning assets
  • 3.48%Net interest margin
  • 5.20%Noninterest income to earning assets
  • 0.55%Noninterest expense to earning assets
  • 3.25%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 2.05%Return on equity (ROE)
  • 16.95%Retained earnings to average equity (YTD only)
  • 5.30%Net charge-offs to loans
  • 0.10%Credit loss provision to net charge-offs
  • 333.33%Efficiency ratio
  • 56,532Assets per employee
  • 2.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.74%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 862.39%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 82.68%Net loans and leases to core deposits
  • 90.31%Equity capital to assets
  • 7.92%Core capital (leverage) ratio
  • 8.13%Tier 1 risk-based capital ratio
  • 11.03%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $159,706Average earning assets
  • $12,795Average equity
  • $146,654Average loans

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