FDIC Certificate #: 17232 Status: Active Federal Reserve ID: 648345 Bank Holding Company (Regulatory Top Holder): Sidney Bancorp (RSSDID: 3621497, Location: Sidney, MI) Date Established: October 10, 1921 WWW:http://www.sidneybank.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) OTS Docket #: 13603 FDIC's unique #: 11259 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: June 15, 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: 3016 West Sidney Road, Sidney, MI 48885 County: Montcalm Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Grand Rapids 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: $50.8 mil Equity capital: $5.8 mil Deposits held in domestic offices: $41.6 mil Return on assets (ROA): 0.67% ($0.3 mil) Quarterly return on assets: 0.89% ($0.5 mil) Return on Equity (ROE): 6.22% ($0.4 mil) Quarterly return on equity: 8.04% ($0.5 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.95% ($482.6 mil) Quarterly Pretax return on assets: 1.27% ($645.2 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
15Total employees (full-time equivalent)
$50,801Total assets
$3,781Cash and due from depository institutions
$2,450Interest-bearing balances
$5,784Securities
$0Federal funds sold & reverse repurchase agreements
$39,006Net loans & leases
$708Loan loss allowance
$0Trading account assets
$347Bank premises and fixed assets
$654Other real estate owned
$0Goodwill and other intangibles
$50,801Life insurance assets
$1,229All other assets
$45,029Total liabilities and capital
$41,601Total liabilities
$38,610Total deposits
$41,601Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,100Trading liabilities
$0Other borrowed funds
$328Subordinated debt
$5,772All other liabilities
$5,772Total equity capital
$5,772Total bank equity capital
$0Perpetual preferred stock
$1,200Common stock
$1,800Surplus
$2,772Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,138Income earned, not collected on loans
$0Earning assets
$286Long-term assets (5+ years)
$47,240Average Assets, year-to-date
$14,612Average Assets, quarterly
$53,007Volatile liabilities
$52,421Insider loans
$29,378FHLB advances
$51,523Loans and leases held for sale
$142Unused loan commitments
$142Tier 1 (core) risk-based capital
$5,783Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$560Restructured Loans and leases
$132Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,797Total interest income
$648Total interest expense
$2,149Net interest income
$210Provision for loan and lease losses
$214Total noninterest income
$0Fiduciary activities
$167Service charges on deposit accounts
$0Trading account gains & fees
$47Additional noninterest income
$1,652Total noninterest expense
$907Salaries and employee benefits
$146Premises and equipment expense
$599Additional noninterest expense
$501Pre-tax net operating income
$0Securities gains (losses)
$147Applicable income taxes
$354Income before extraordinary items
$0Extraordinary gains - net
$354Net income attributable to bank
$0Net charge-offs
$354Cash dividends
$493Sale, conversion, retirement of capital stock, net
$180Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.96%Yield on earning assets
1.38%Cost of funding earning assets
4.58%Net interest margin
0.46%Noninterest income to earning assets
3.52%Noninterest expense to earning assets
0.67%Net operating income to assets
0.67%Return on assets (ROA)
0.95%Pretax return on assets
6.22%Return on equity (ROE)
3.06%Retained earnings to average equity (YTD only)
1.20%Net charge-offs to loans
42.60%Credit loss provision to net charge-offs
1.44%Efficiency ratio
69,911Assets per employee
3.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
50.85%Loss allowance to loans
1.78%Loss allowance to noncurrent loans
62.21%Noncurrent assets plus other real estate owned to assets
3.53%Noncurrent loans to loans
2.87%Net loans and leases to deposits
93.76%Net loans and leases to core deposits
94.91%Equity capital to assets
11.36%Core capital (leverage) ratio
11.22%Tier 1 risk-based capital ratio
19.68%Total risk-based capital ratio
Memoranda
$21Average assets
$53,007Average earning assets
$5,695Average equity
$46,923Average loans
List of branches
1 Michigan Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
11259
Sidney State Bank
3016 West Sidney Road, Sidney, MI 48885
October 10, 1921
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Sidney State Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: