Vitals
  • Total Assets
    367.9M 1.1 %
  • Total Deposits
    310.4M 3.6 %
  • Total Net Loans
    192.4M -3.0 %
  • Net Income
    3.1M 125.4 %
  • Book Value
    33.0M 3.3 %
  • Book Value x2
    66.0M 3.3 %
  • Book Value x3
    99.0M 3.3 %
ROAA

.837

ROAE

9.595

Efficiency Ratio

57.669

Net Interest Margin

3.503

Balance Sheet Highlights
Financial Highlights Firstbank - Alma All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 367,869 262,409
Total Net Loans 192,365 169,519
Total Deposits 310,390 223,172
Total Equity 33,004 26,323
Profitability
Net Income 3,136 2,432
Return on Average Assets .837 .863
Return on Average Equity 9.595 8.339
Net Interest Margin 3.503 4.014
Efficiency Ratio 57.669 71.723
Noninterest Income/Revenue 20.171 20.528
Balance Sheet Ratios
Loan-to-Deposit 61.975 73.84
Securities/Assets .397 .172
Total Equity/Total Assets .09 .1
Tangible Equity/Tangible Assets .084 .097
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 30,541 24,406
Tier 2 Capital 2,654 2,216
Total Capital 33,195 26,609
Total Risk Weighted Assets 209,966 177,408
Leverage Ratio 8.15 10.056
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 14.55 15.671
Total Capital Ratio 15.81 16.901

Timeline for Firstbank - Alma

Firstbank

Firstbank - Alma was acquired by Firstbank 11 years

View Profile Feb 01 2013

Saint J Properties, Llc

Saint J Properties, Llc became a new subsidiary organization for Firstbank - Alma.

View Profile Nov 22 2011

Firstbank - St. Johns

Acquisition: Firstbank - Alma acquired a new subsidiary, Firstbank - St. Johns, 12 years

View Profile Oct 01 2011

Firstbank - Alma Mortgage Company

Firstbank - Alma Mortgage Company became a new subsidiary organization for Firstbank - Alma.

View Profile Jun 01 2001

Michigan Bankers Title Of Northern Michigan, Llc

Michigan Bankers Title Of Northern Michigan, Llc became a new subsidiary organization for Firstbank - Alma.

View Profile Jan 22 1998

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Complete timeline for Firstbank - Alma is available.

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Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Firstbank Buyer 1,247,618 Pooling of Interests Discontinued 2/1/2013
Firstbank - St. Johns Seller 100,402 Pooling of Interests Discontinued 10/1/2011
Riverdale State Savings Bank Seller Discontinued 11/1/1960
Relationships Role Relationship Start Relationship End
Firstbank Corporation Parent 12/31/1985 1/31/2013
Firstbank - Alma Mortgage Company Subsidary 6/30/2007 1/31/2013
Saint J Properties, Llc Subsidary 11/22/2011 1/31/2013
Firstbank - Alma Mortgage Company Subsidary 6/1/2001 6/29/2007
Michigan Bankers Title Of Northern Michigan, Llc Subsidary 1/22/1998 8/31/2001
Niles Agency, Inc. Subsidary 4/1/1994 4/1/1999
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