The Montrose State Bank in Montrose, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 2007

  • The Montrose State Bank in Montrose, Michigan (MI)
  • Show street view No street view available for this location

The Montrose State Bank - Overview

  • General
  • FDIC Certificate #: 12436
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community State Bank (#15868)
    Federal Reserve ID: 610847
    Date Established: October 12, 1912
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 7917
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 01, 2007
    Last Structure Change Process Date: December 05, 2007
    Last Data Update: December 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 West State Street, Montrose, MI 48457
    County: Genesee
    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): Flint, MI (#2640)
    Consolidated Metropolitan Statistical Area (CMSA): Detroit-Ann Arbor-Flint, MI (#35)
    Combined Statistical Area (CSA): Detroit-Warren-Flint, MI (#220)
    Core Based Statistical Area (CBSA): Flint, MI (#22420)
    CBSA Metro Statistical Area: Flint, MI (#22420)
  • Financial Summary
  • Total assets: $61.0 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, 2006)

  • Dollar figures in thousands
  • 31Total employees (full-time equivalent)
  • $60,155Total assets
  • $1,919Cash and due from depository institutions
  • $0Interest-bearing balances
  • $18,400Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $36,920Net loans & leases
  • $746Loan loss allowance
  • $0Trading account assets
  • $1,772Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,144All other assets
  • $60,155Total liabilities and capital
  • $48,486Total liabilities
  • $47,477Total deposits
  • $38,199Interest-bearing deposits
  • $47,477Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $597Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $412All other liabilities
  • $11,669Total equity capital
  • $11,669Total bank equity capital
  • $11,669Perpetual preferred stock
  • $0Common stock
  • $3,750Surplus
  • $3,750Undivided profits
  • Memoranda
  • $4,169Noncurrent loans and leases
  • $2,393Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,103Earning assets
  • $0Long-term assets (5+ years)
  • $367Average Assets, year-to-date
  • $55,320Average Assets, quarterly
  • $17,484Volatile liabilities
  • $61,070Insider loans
  • $60,683FHLB advances
  • $4,344Loans and leases held for sale
  • $555Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,393Total unused commitments
  • $0Restructured Loans and leases
  • $425Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $3,066Total interest income
  • $738Total interest expense
  • $2,328Net interest income
  • $0Provision for loan and lease losses
  • $483Total noninterest income
  • $0Fiduciary activities
  • $314Service charges on deposit accounts
  • $0Trading account gains & fees
  • $169Additional noninterest income
  • $2,034Total noninterest expense
  • $1,089Salaries and employee benefits
  • $399Premises and equipment expense
  • $546Additional noninterest expense
  • $777Pre-tax net operating income
  • $0Securities gains (losses)
  • $164Applicable income taxes
  • $613Income before extraordinary items
  • $0Extraordinary gains - net
  • $613Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $97Sale, conversion, retirement of capital stock, net
  • $264Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 3.57%Noninterest expense to earning assets
  • 1.00%Net operating income to assets
  • 1.00%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 5.33%Return on equity (ROE)
  • 3.04%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 8.01%Efficiency ratio
  • 72,359Assets per employee
  • 1.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.07%Loss allowance to loans
  • 1.98%Loss allowance to noncurrent loans
  • 67.63%Noncurrent assets plus other real estate owned to assets
  • 1.83%Noncurrent loans to loans
  • 2.93%Net loans and leases to deposits
  • 77.76%Net loans and leases to core deposits
  • 84.43%Equity capital to assets
  • 19.40%Core capital (leverage) ratio
  • 19.21%Tier 1 risk-based capital ratio
  • 34.65%Total risk-based capital ratio
  • Memoranda
  • $36Average assets
  • $61,070Average earning assets
  • $11,499Average equity
  • $57,004Average loans

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 The Montrose 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.
Table of Contents