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Profile - Firstbank Corporation (FBMI)
As of 31-Aug-2001
Enter symbol:
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More Info: Quote | Chart | News | Profile | SEC | Msgs
Recent Events
Aug 17Price hit new 52-week high ($24.70)
Upcoming Events
Sep 14Dividend payment of $0.18
Location
311 Woodworth Avenue
Alma, MI 48801
Phone: (517) 463-3131
Fax: (517) 463-6438
Employees (last reported count): 267
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Related Links
 ·Search Yahoo! for related links...
Ownership
·Insider and 5%+ Owners: 11%
·Over the last 6 months:
 · 2 insider buys; 9,000  shares (1.7% of insider shares)
·Institutional: 3% (3% of float)
(7 institutions)
·Net Inst. Buying: 60.0K shares (+32.43%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Firstbank Corporation is a bank holding company. The Company owns all of the outstanding stock of Firstbank - Alma, Firstbank (Mount Pleasant), Firstbank - West Branch, Firstbank - Lakeview, Firstbank - St. Johns and Gladwin Land, Co. The Company's business is concentrated in commercial banking. Each subsidiary bank of the Company is a full-service community bank. The subsidiary banks offer all customary banking services, including the acceptance of checking, savings and time deposits, and the making of commercial, mortgage, home-improvement, automobile and other consumer loans. Firstbank - Alma also offers trust services. The Company has investment securities that include United States Treasury, United States Government agencies, states and political subdivisions, mortgage-backed securities, corporate and other. The principal sources of revenues for the Company and its subsidiaries are interest and fees on loans.
More from Market Guide: Expanded Business Description

Financial Summary
Firstbank Corporation is a bank holding company for Bank of Alma, Firstbank, 1st Bank and Bank of Lakeview. The subsidiaries of the company are all full service community banks. For the six months ended 6/30/01, total interest income rose 11% to $28.6 million. Net interest income after loan loss prov. rose 7% to $14.6 million. Net income fell 5% to $4 million. Results reflect an increase in average interest earning loans, offset by higher interest on deposits and personnel expenses.
More from Market Guide: Significant Developments

Officers
FY2000 Pay

William Goggin, 55
Chairman
--  
Thomas Sullivan, 50
Pres, CEO, Director
$227K
Samuel Stone, 55
VP, CFO, Sec., Treasurer
--  
William Benear, 54
VP
130K
David Miller, 35
VP
--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- FBMIAs of 31-Aug-2001
Price and Volume
52-Week Low
on 8-Feb-2001
$14.50 
Recent Price$21.74 
52-Week High
on 17-Aug-2001
$24.70 
Beta0.27 
Daily Volume (3-month avg)1,682 
Daily Volume (10-day avg)1,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+12.7%
52-Week Change
relative to S&P500
+51.2%
Share-Related Items
Market Capitalization$105.0M
Shares Outstanding4.83M
Float4.30M
Dividends & Splits
Annual Dividend (indicated)$0.72 
Dividend Yield3.31%
Last Split: 21 for 20 on 12-Dec-2000
Per-Share Data
Book Value (mrq)$14.07 
Earnings (ttm)$1.70 
Earnings (mrq)$0.50 
Sales (ttm)$11.70 
Cash (mrq)$4.29 
Valuation Ratios
Price/Book (mrq)1.54 
Price/Earnings (ttm)12.77 
Price/Sales (ttm)1.86 
Income Statements
Sales (ttm)$57.2M
EBITDAN/A 
Income available to common (ttm)$8.32M
Profitability
Profit Margin (ttm)14.6%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)1.16%
Return on Equity (ttm)12.86%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$20.7M
Short Interest
As of 8-Aug-1997
Shares Short2,000 
Percent of Float0.1%
Shares Short
(Prior Month)
0 
Short Ratio0.06 
Daily Volume35.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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