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

This bank is inactive as of June 01, 1996

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

  • General
  • FDIC Certificate #: 5046
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank (#986)
    Federal Reserve ID: 885047
    Date Established: November 08, 1871
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 20 (Interstate: No)
    FDIC's unique #: 3369
    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 01, 1934
    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: 101 North Washington Avenue, Saginaw, MI 48607
    County: Saginaw
    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): Saginaw-Saginaw Township North, MI (#40980)
    CBSA Metro Statistical Area: Saginaw-Saginaw Township North, MI (#40980)
  • Financial Summary
  • Total assets: $711.8 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)
  • $391Total assets
  • $709,507Cash and due from depository institutions
  • $52,985Interest-bearing balances
  • $4,000Securities
  • $75,818Federal funds sold & reverse repurchase agreements
  • $33,000Net loans & leases
  • $532,751Loan loss allowance
  • $7,446Trading account assets
  • $0Bank premises and fixed assets
  • $8,723Other real estate owned
  • $63Goodwill and other intangibles
  • $6,167Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $709,507Total liabilities
  • $650,448Total deposits
  • $637,925Interest-bearing deposits
  • $510,204Deposits held in domestic offices
  • 637925.00%% insured (estimated)
  • $81Federal funds purchased & repurchase agreements
  • $8,941Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $3,582Total equity capital
  • $3,582Total bank equity capital
  • $59,059Perpetual preferred stock
  • $0Common stock
  • $10,250Surplus
  • $10,250Undivided profits
  • Memoranda
  • $38,559Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,625Income earned, not collected on loans
  • $2,720Earning assets
  • $645,569Long-term assets (5+ years)
  • $111,237Average Assets, year-to-date
  • $667,550Average Assets, quarterly
  • $680,073Volatile liabilities
  • $85,486Insider loans
  • $10,908FHLB advances
  • $0Loans and leases held for sale
  • $388Unused loan commitments
  • $343,353Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $58,952Total risk weighted assets
  • $594,892Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $49,980Total interest expense
  • $20,123Net interest income
  • $29,857Provision for loan and lease losses
  • $1,350Total noninterest income
  • $10,832Fiduciary activities
  • $4,691Service charges on deposit accounts
  • $1,541Trading account gains & fees
  • $0Additional noninterest income
  • $4,600Total noninterest expense
  • $24,906Salaries and employee benefits
  • $11,202Premises and equipment expense
  • $2,357Additional noninterest expense
  • $11,347Pre-tax net operating income
  • $14,433Securities gains (losses)
  • $0Applicable income taxes
  • $4,817Income before extraordinary items
  • $9,616Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,616Net charge-offs
  • $820Cash dividends
  • $8,842Sale, 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
  • 8.22%Cost of funding earning assets
  • 3.31%Net interest margin
  • 4.91%Noninterest income to earning assets
  • 1.78%Noninterest expense to earning assets
  • 4.09%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 2.16%Return on equity (ROE)
  • 16.88%Retained earnings to average equity (YTD only)
  • 1.36%Net charge-offs to loans
  • 0.16%Credit loss provision to net charge-offs
  • 164.63%Efficiency ratio
  • 61,211Assets per employee
  • 1.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 91.95%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 205.41%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 83.51%Net loans and leases to core deposits
  • 94.90%Equity capital to assets
  • 8.32%Core capital (leverage) ratio
  • 8.71%Tier 1 risk-based capital ratio
  • 9.91%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $667,550Average earning assets
  • $56,978Average equity
  • $608,386Average loans

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