FDIC Certificate #: 14999 Status: Active Federal Reserve ID: 779641 Date Established: January 01, 1884 WWW:http://www.portaustinbank.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 #: 16104 FDIC's unique #: 9401 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: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 22, 1935 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: 62 East State Street, Port Austin, MI 48467 County: Huron 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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $41.9 mil Equity capital: $7.7 mil Deposits held in domestic offices: $33.7 mil Return on assets (ROA): 1.59% ($0.7 mil) Quarterly return on assets: 1.78% ($0.7 mil) Return on Equity (ROE): 9.09% ($0.7 mil) Quarterly return on equity: 9.67% ($0.8 mil) Net income: $0.7 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.59% ($666.8 mil) Quarterly Pretax return on assets: 1.78% ($746.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
9Total employees (full-time equivalent)
$41,935Total assets
$2,016Cash and due from depository institutions
$1,038Interest-bearing balances
$4,114Securities
$1,583Federal funds sold & reverse repurchase agreements
$32,011Net loans & leases
$358Loan loss allowance
$0Trading account assets
$415Bank premises and fixed assets
$282Other real estate owned
$0Goodwill and other intangibles
$41,935Life insurance assets
$1,514All other assets
$34,263Total liabilities and capital
$33,694Total liabilities
$28,449Total deposits
$33,694Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$500Trading liabilities
$0Other borrowed funds
$69Subordinated debt
$7,672All other liabilities
$7,672Total equity capital
$7,672Total bank equity capital
$0Perpetual preferred stock
$330Common stock
$2,300Surplus
$5,042Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$82Income earned, not collected on loans
$0Earning assets
$166Long-term assets (5+ years)
$38,746Average Assets, year-to-date
$8,269Average Assets, quarterly
$42,817Volatile liabilities
$41,521Insider loans
$27,098FHLB advances
$42,629Loans and leases held for sale
$1,034Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,560Tier 2 risk-based capital
$1,034Total risk weighted assets
$0Total unused commitments
$1,155Restructured Loans and leases
$599Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,930Total interest income
$400Total interest expense
$1,530Net interest income
-$9Provision for loan and lease losses
$48Total noninterest income
$0Fiduciary activities
$53Service charges on deposit accounts
$0Trading account gains & fees
-$5Additional noninterest income
$905Total noninterest expense
$513Salaries and employee benefits
$68Premises and equipment expense
$324Additional noninterest expense
$682Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$682Income before extraordinary items
$0Extraordinary gains - net
$682Net income attributable to bank
$0Net charge-offs
$682Cash dividends
$5Sale, conversion, retirement of capital stock, net
$363Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.86%Yield on earning assets
1.01%Cost of funding earning assets
3.85%Net interest margin
0.12%Noninterest income to earning assets
2.28%Noninterest expense to earning assets
1.59%Net operating income to assets
1.59%Return on assets (ROA)
1.59%Pretax return on assets
9.09%Return on equity (ROE)
4.25%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
-180.00%Credit loss provision to net charge-offs
134.60%Efficiency ratio
57,351Assets per employee
4.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.23%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
436.59%Noncurrent assets plus other real estate owned to assets
0.87%Noncurrent loans to loans
0.25%Net loans and leases to deposits
95.01%Net loans and leases to core deposits
98.93%Equity capital to assets
18.29%Core capital (leverage) ratio
17.73%Tier 1 risk-based capital ratio
27.90%Total risk-based capital ratio
Memoranda
$29Average assets
$42,817Average earning assets
$7,505Average equity
$39,730Average loans
List of branches
1 Michigan Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
9401
The Port Austin State Bank
62 East State Street, Port Austin, MI 48467
January 01, 1884
Full Service Brick and Mortar
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