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 Freeland State Bank
Freeland State Bank
| RSSD ID 735049 | CERTIFICATE 14926 | ABA NUMBER 72406522 |
| 185 E Washington |
Quarter Ended : |
2024-09-30 |
| Freeland, Michigan, 48623 |
Updated : |
2024-10-29 |
| www.freelandstatebank.com |
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| Institution Profile |
| Year Opened : |
1904 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
|
| Specialization : |
Other Specialized Under 1 Billion |
| Statistical Area (MSA) : |
Saginaw-Bay City-Midland, MI |
| Number of Offices : |
1 |
Number of Employees : |
8 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 51,183 |
|
Total Interest Income | 1,104 |
| Total Liabilities | 42,675 |
|
Total NonInterest Income | 21 |
| Total Bank Equity Capital | 8,508 |
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Total Interest Expense | 155 |
| Total Deposits | 42,582 |
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Total NonInterest Expense | 928 |
| Net Loans & Leases | 1,906 |
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Net Income | 40 |
| Loan Loss Allowance | 32 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 1,981 |
| Total assets for the leverage ratio | 51,534 |
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Loans secured by real estate: | 1,858 |
| Tier 1 Leverage Ratio | 16.9 |
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Commercial and industrial loans | 0 |
| Off Balance Sheet Exposures (%) | 0 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 90 |
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:· Freeland State Bank
