State Bank of Standish in Standish, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1996

State Bank of Standish in Standish, Michigan (MI)
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State Bank of Standish - Overview

General
FDIC Certificate #: 15037
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citizens Bank (#986)
Federal Reserve ID: 388641
Date Established: January 01, 1935
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
FDIC's unique #: 9431
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: March 01, 1935
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: 120 North Forest Street, Standish, MI 48658
County: Arenac
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
Financial Summary
Total assets: $106.9 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)
$53Total assets
$109,475Cash and due from depository institutions
$4,374Interest-bearing balances
$0Securities
$15,258Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$86,981Loan loss allowance
$1,186Trading account assets
$0Bank premises and fixed assets
$1,246Other real estate owned
$145Goodwill and other intangibles
$1,471Life insurance assets
$0All other assets
$0Total liabilities and capital
$109,475Total liabilities
$100,328Total deposits
$95,173Interest-bearing deposits
$81,871Deposits held in domestic offices
95173.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$4,180Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$975Total equity capital
$975Total bank equity capital
$9,147Perpetual preferred stock
$0Common stock
$1,000Surplus
$3,000Undivided profits
Memoranda
$5,147Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,644Income earned, not collected on loans
$615Earning assets
$102,239Long-term assets (5+ years)
$8,861Average Assets, year-to-date
$109,039Average Assets, quarterly
$109,873Volatile liabilities
$6,477Insider loans
$875FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,615Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,150Total risk weighted assets
$82,751Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$8,783Total interest expense
$3,246Net interest income
$5,537Provision for loan and lease losses
$120Total noninterest income
$540Fiduciary activities
$0Service charges on deposit accounts
$338Trading account gains & fees
$8Additional noninterest income
$194Total noninterest expense
$3,704Salaries and employee benefits
$1,673Premises and equipment expense
$425Additional noninterest expense
$1,606Pre-tax net operating income
$2,253Securities gains (losses)
$2Applicable income taxes
$692Income before extraordinary items
$1,563Extraordinary gains - net
$0Net income attributable to bank
$1,563Net charge-offs
-$24Cash dividends
$1,850Sale, 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
8.59%Cost of funding earning assets
3.18%Net interest margin
5.42%Noninterest income to earning assets
0.53%Noninterest expense to earning assets
3.62%Net operating income to assets
1.43%Return on assets (ROA)
1.43%Pretax return on assets
2.07%Return on equity (ROE)
17.11%Retained earnings to average equity (YTD only)
-3.14%Net charge-offs to loans
-0.03%Credit loss provision to net charge-offs
-500.00%Efficiency ratio
60,951Assets per employee
2.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
118.36%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
72.14%Noncurrent assets plus other real estate owned to assets
1.63%Noncurrent loans to loans
1.86%Net loans and leases to deposits
91.39%Net loans and leases to core deposits
93.65%Equity capital to assets
8.36%Core capital (leverage) ratio
8.45%Tier 1 risk-based capital ratio
11.06%Total risk-based capital ratio
Memoranda
$12Average assets
$109,039Average earning assets
$9,136Average equity
$102,195Average loans

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