Vitals
  • Total Assets
    459.7M 0.8 %
  • Total Deposits
    376.1M 2.2 %
  • Total Net Loans
    358.2M 8.6 %
  • Net Income
    5.0M -15.3 %
  • Book Value
    42.6M -1.0 %
  • Book Value x2
    85.2M -1.0 %
  • Book Value x3
    127.8M -1.0 %
ROAA

1.075

ROAE

11.898

Efficiency Ratio

67.892

Net Interest Margin

3.621

Balance Sheet Highlights
Financial Highlights Founders Bank & Trust All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 459,748 277,560
Total Net Loans 358,237 183,072
Total Deposits 376,070 232,939
Total Equity 42,599 29,840
Profitability
Net Income 5,000 2,636
Return on Average Assets 1.075 .807
Return on Average Equity 11.898 7.464
Net Interest Margin 3.621 3.836
Efficiency Ratio 67.892 75.309
Noninterest Income/Revenue 24.327 20.656
Balance Sheet Ratios
Loan-to-Deposit 95.258 75.158
Securities/Assets .164 .188
Total Equity/Total Assets .093 .108
Tangible Equity/Tangible Assets .092 .104
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 41,428 27,827
Tier 2 Capital 4,133 2,263
Total Capital 45,561 30,075
Total Risk Weighted Assets 345,528 193,304
Leverage Ratio 8.81 10.409
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 11.99 16.22
Total Capital Ratio 13.19 17.374

Timeline for Founders Bank & Trust

Old National Bank

Founders Bank & Trust was acquired by Old National Bank 10 years

View Profile Jan 01 2015

Founders Mortgage Company, Llc

Acquisition: Founders Bank & Trust acquired a new subsidiary, Founders Mortgage Company, Llc , 17 years

View Profile Jul 01 2008

Founders Mortgage Company, Llc

Founders Mortgage Company, Llc became a new subsidiary organization for Founders Bank & Trust.

View Profile Jul 01 2002

Founders Financial Corporation

Founders Financial Corporation became a new parent organization for Founders Bank & Trust.

View Profile May 15 1998

Founders Financial Services, Inc.

Founders Financial Services, Inc. became a new subsidiary organization for Founders Bank & Trust.

View Profile May 22 1996

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Complete timeline for Founders Bank & Trust is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Old National Bank Buyer 4,175,351 Acquisition Discontinued 1/1/2015
Founders Mortgage Company, Llc Seller Pooling of Interests Discontinued 7/1/2008
Relationships Role Relationship Start Relationship End
Founders Financial Corporation Parent 5/15/1998 12/31/2014
Founders Financial Services, Inc. Subsidary 6/30/2007 12/31/2014
Founders Mortgage Company, Llc Subsidary 7/1/2002 6/30/2008
Founders Financial Services, Inc. Subsidary 5/22/1996 6/29/2007
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