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FREELAND STATE BANK

Freeland, MI

Latest Health Report

Latest Update: March 31, 2021

Assets
$58,107,000
Deposits
$48,904,000
Loans
$4,921,000
Loan Loss Provision
$0
Profit
$-31,000
Capital
$9,051,000
Reserves
$156,000
Past Due 90 Days
$38,000
Nonaccrual
$46,000
Other Real Estate Owned
$0
Capital Plus Reserves
$9,207,000
Total Troubled Assets
$84,000
Troubled Asset Ratio
0.91

Past reports

This table shows the year-end report on key metrics for each of the past five years.
Year Assets Deposits Loans Profit Capital + Reserves Total Troubled Assets Troubled Asset Ratio
2020 $55,513,000 $46,213,000 $5,104,000 $-39,000 $9,233,000 $54,000 0.58
2019 $51,055,000 $41,758,000 $5,912,000 $89,000 $9,323,000 $163,000 1.75
2018 $50,566,000 $41,706,000 $7,600,000 $-23,000 $9,281,000 $244,000 2.63
2016 $52,868,000 $43,679,000 $10,050,000 $56,000 $9,425,000 $732,000 7.77
2015 $54,652,000 $45,328,000 $11,574,000 $-49,000 $9,306,000 $855,000 9.19