Seaway Community Bank
Saint Clair, MI — Domestic Branch of a Domestic Bank
Acquired Oct 2013
Vitals
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Total Assets202.7M 0.2 %
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Total Deposits168.7M -0.7 %
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Total Net Loans138.6M 7.6 %
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Net Income2.2M 83.8 %
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Book Value19.4M 9.9 %
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Book Value x238.7M 9.9 %
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Book Value x358.1M 9.9 %
Balance Sheet Highlights
| Financial Highlights | Seaway Community Bank | All Insured Commercial Banks in Michigan |
| Balance Sheet $(000) | ||
| Total Assets | 202,701 | 265,190 |
| Total Net Loans | 138,638 | 171,074 |
| Total Deposits | 168,675 | 226,926 |
| Total Equity | 19,351 | 26,413 |
| Profitability | ||
| Net Income | 2,228 | 2,023 |
| Return on Average Assets | 1.548 | .844 |
| Return on Average Equity | 16.118 | 8.257 |
| Net Interest Margin | 3.853 | 3.871 |
| Efficiency Ratio | 67.123 | 73.806 |
| Noninterest Income/Revenue | 23.678 | 21.198 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 82.192 | 73.068 |
| Securities/Assets | .115 | .179 |
| Total Equity/Total Assets | .095 | .1 |
| Tangible Equity/Tangible Assets | .095 | .097 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 19,527 | 25,385 |
| Tier 2 Capital | 1,867 | 2,231 |
| Total Capital | 21,394 | 27,604 |
| Total Risk Weighted Assets | 145,183 | 179,880 |
| Leverage Ratio | 9.93 | 10.292 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 13.45 | 16.046 |
| Total Capital Ratio | 14.74 | 17.274 |
Timeline for Seaway Community Bank
Northstar Bank
Seaway Community Bank was acquired by Northstar Bank 10 years
View Profile Oct 21 2013
Northstar Financial Group, Inc.
Northstar Financial Group, Inc. became a new parent organization for Seaway Community Bank.
View Profile Dec 04 2001
Seaway Community Bank
Seaway Community Bank was established 22 years ago and is currently headquartered in Saint Clair, MI.
Dec 03 2001| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Northstar Bank | Buyer | 591,084 | Pooling of Interests | Discontinued | 10/21/2013 |
| Relationships | Role | Relationship Start | Relationship End |
| Northstar Financial Group, Inc. | Parent | 12/4/2001 | 10/20/2013 |
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