Vitals
  • Total Assets
    58.4M -26.1 %
  • Total Deposits
    49.6M -27.4 %
  • Total Net Loans
    45.2M -25.3 %
  • Net Income
    350000.0000 -3.0 %
  • Book Value
    8.7M 14.9 %
  • Book Value x2
    17.4M 14.9 %
  • Book Value x3
    26.1M 14.9 %
ROAA

.675

ROAE

5.584

Efficiency Ratio

79.121

Net Interest Margin

5.596

Balance Sheet Highlights
Financial Highlights Select Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 58,402 258,989
Total Net Loans 45,184 166,994
Total Deposits 49,575 219,600
Total Equity 8,696 25,778
Profitability
Net Income 350 1,779
Return on Average Assets .675 .827
Return on Average Equity 5.584 7.973
Net Interest Margin 5.596 4.028
Efficiency Ratio 79.121 71.614
Noninterest Income/Revenue -11.227 19.789
Balance Sheet Ratios
Loan-to-Deposit 91.143 74.176
Securities/Assets .049 .173
Total Equity/Total Assets .149 .1
Tangible Equity/Tangible Assets .149 .096
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 8,664 23,896
Tier 2 Capital 600 2,176
Total Capital 9,264 26,061
Total Risk Weighted Assets 47,557 173,941
Leverage Ratio 13.91 10.041
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 18.22 15.639
Total Capital Ratio 19.48 16.869

Timeline for Select Bank

First Community Bank

Select Bank was acquired by First Community Bank 11 years

View Profile Dec 01 2012

Select Insurance Agency, Inc.

Select Insurance Agency, Inc. became a new subsidiary organization for Select Bank.

View Profile Oct 24 1997

Select Bank

Select Bank was established 28 years ago and is currently headquartered in Grand Rapids, MI.

Feb 07 1996

Harbor Springs Financial Corporation

Harbor Springs Financial Corporation became a new parent organization for Select Bank.

View Profile Feb 07 1996
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
First Community Bank Buyer 265,238 Pooling of Interests Discontinued 12/1/2012
Relationships Role Relationship Start Relationship End
Harbor Springs Financial Corporation Parent 1/20/1999 11/30/2012
Harbor Springs Financial Corporation Parent 6/30/1997 1/19/1999
Harbor Springs Financial Corporation Parent 12/23/1996 6/29/1997
Harbor Springs Financial Corporation Parent 2/7/1996 12/22/1996
Select Insurance Agency, Inc. Subsidary 6/30/2007 11/1/2012
Select Insurance Agency, Inc. Subsidary 10/24/1997 6/29/2007
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