$96.6M
total assets, June 30, 2010
Mainstreet Savings Bank, FSB was a savings bank in Hastings, MI. It failed on Jul 16, 2010, and Commercial Bank took over its deposits. At its last report it held $96.6 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2010
This bank failed
- Failed on
- Jul 16, 2010
- Assets
- $96.6M
- Deposits
- $63.3M
- Estimated cost
- $12.8M
- Deposits went to
- Commercial Bank, Alma, MI
Total assets
$96.6M
-14.4% in a year · -0.8% in a quarter
Deposits
$63.3M
-12.8% in a year · -0.7% in a quarter
Loans
$75.4M
-17.8% in a year · -2.1% in a quarter
Profit so far
-$963K
Jan 1 to Jun 30, 2010
Capital ratio
1.34%
-2.67 pts in a year
Return on assets
-1.97%
-0.92 pts in a year
Facts
- Type
- Savings bank
- Head office
- 629 West State Street, Hastings, MI, 49058
- County
- Barry
- Established
- Jan 1, 1924
- Failed
- Jul 16, 2010
- Employees
- 32
- Branches
- 2
- Id
- b28136
Quarter by quarter
March 31, 1984 to June 30, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Mainstreet Savings Bank, FSB?
$96.6 million in total assets and $63.3 million in deposits as of June 30, 2010, with assets down 14.4% from a year before. Its loans were $75.4 million.
How many branches does Mainstreet Savings Bank, FSB have?
2 branches in Michigan as of June 30, 2026.
Is Mainstreet Savings Bank, FSB profitable?
No: it lost $963,000 from January 1 to June 30, 2010. Its return on assets was -1.97% a year; about 1% is typical.
When did Mainstreet Savings Bank, FSB fail?
Jul 16, 2010. Commercial Bank of Alma, MI took over its deposits. The estimated cost of the failure was $12.8 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.