Vitals
  • Total Assets
    36.6M 3.6 %
  • Total Deposits
    33.9M 6.2 %
  • Total Net Loans
    7.6M -8.7 %
  • Net Income
    -568000.0000 -1,420.9 %
  • Book Value
    2.8M -13.9 %
  • Book Value x2
    5.5M -13.9 %
  • Book Value x3
    8.3M -13.9 %
ROAA

-6.367

ROAE

-76.191

Efficiency Ratio

362.963

Net Interest Margin

2.434

Balance Sheet Highlights
Financial Highlights Ruth State Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 36,647 311,537
Total Net Loans 7,585 206,399
Total Deposits 33,876 263,650
Total Equity 2,767 32,984
Profitability
Net Income -568 736
Return on Average Assets -6.367 .777
Return on Average Equity -76.191 7.169
Net Interest Margin 2.434 3.765
Efficiency Ratio 362.963 74.111
Noninterest Income/Revenue 6.637 21.959
Balance Sheet Ratios
Loan-to-Deposit 22.391 73.229
Securities/Assets .526 .18
Total Equity/Total Assets .076 .106
Tangible Equity/Tangible Assets .076 .101
Capital Adequacy
Tier 1 Common Capital 2,649 31,003
Tier 1 Capital 2,649 31,100
Tier 2 Capital 133 2,413
Total Capital 2,782 33,509
Total Risk Weighted Assets 12,926 222,619
Leverage Ratio 7.42 10.396
Common Equity Tier 1 Capital Ratio 20.49 15.9
Tier 1 Capital Ratio 20.49 15.955
Total Capital Ratio 21.52 17.039

Timeline for Ruth State Bank

Eastern Michigan Bank

Ruth State Bank was acquired by Eastern Michigan Bank 8 years

View Profile Apr 01 2016

Golden Certificate Financial Services, Inc.

Golden Certificate Financial Services, Inc. became a new subsidiary organization for Ruth State Bank.

View Profile Jan 12 1999

Ruth Bank Corporation

Ruth Bank Corporation became a new parent organization for Ruth State Bank.

View Profile Nov 01 1984

Ruth State Bank

Ruth State Bank was established 71 years ago and is currently headquartered in Ruth, MI.

Mar 30 1953
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Eastern Michigan Bank Buyer 323,517 Acquisition Discontinued 4/1/2016
Relationships Role Relationship Start Relationship End
Ruth Bank Corporation Parent 11/1/1984 3/31/2016
Golden Certificate Financial Services, Inc. Subsidary 6/30/2007 3/31/2016
Golden Certificate Financial Services, Inc. Subsidary 1/12/1999 6/29/2007
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