Commercial National Bank Of L'anse
L'anse, MI — Domestic Branch of a Domestic Bank
Acquired Jan 2009
Vitals
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Total Assets65.6M 1.4 %
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Total Deposits56.7M 0.3 %
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Total Net Loans36.3M -4.2 %
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Net Income691000.0000 4.5 %
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Book Value8.2M 7.7 %
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Book Value x216.5M 7.7 %
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Book Value x324.7M 7.7 %
Balance Sheet Highlights
Financial Highlights | Commercial National Bank Of L'anse | All Insured Commercial Banks in Michigan |
Balance Sheet $(000) | ||
Total Assets | 65,572 | 222,528 |
Total Net Loans | 36,278 | 173,963 |
Total Deposits | 56,710 | 176,870 |
Total Equity | 8,247 | 21,058 |
Profitability | ||
Net Income | 691 | 1,647 |
Return on Average Assets | 1.037 | 1.187 |
Return on Average Equity | 8.756 | 6.967 |
Net Interest Margin | 4.187 | 3.73 |
Efficiency Ratio | 59.872 | 80.181 |
Noninterest Income/Revenue | 5.365 | 38.557 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 63.971 | 91.969 |
Securities/Assets | .37 | .499 |
Total Equity/Total Assets | .126 | .095 |
Tangible Equity/Tangible Assets | .123 | -.099 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 7,666 | 19,359 |
Tier 2 Capital | 447 | 2,318 |
Total Capital | 8,113 | 21,368 |
Total Risk Weighted Assets | 35,746 | 171,011 |
Leverage Ratio | 11.56 | 9.601 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 21.45 | 12.906 |
Total Capital Ratio | 22.7 | 14.091 |
Timeline for Commercial National Bank Of L'anse
Superior National Bank & Trust Company
Commercial National Bank Of L'anse was acquired by Superior National Bank & Trust Company 15 years
View Profile Jan 03 2009Keweenaw Financial Corporation
Keweenaw Financial Corporation became a new parent organization for Commercial National Bank Of L'anse.
View Profile Oct 31 1994Bosch Development Company
Bosch Development Company became a new parent organization for Commercial National Bank Of L'anse.
View Profile Dec 31 1970Commercial National Bank Of L'anse
Commercial National Bank Of L'anse was established 111 years ago and is currently headquartered in L'anse, MI.
Jul 17 1912Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Superior National Bank & Trust Company | Buyer | 595,024 | Pooling of Interests | Discontinued | 1/3/2009 |
Relationships | Role | Relationship Start | Relationship End |
Keweenaw Financial Corporation | Parent | 10/31/1994 | 1/2/2009 |
Bosch Development Company | Parent | 12/31/1973 | 12/31/1986 |
Bosch Development Company | Parent | 12/31/1972 | 12/30/1973 |
Bosch Development Company | Parent | 12/31/1970 | 12/30/1972 |
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