Blissfield State Bank, Financial Information

Terms and Definitions

• Domestic deposits

  The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
• Equity capital

  Total equity capital (includes preferred and common stock, surplus and undivided profits).
• ROA

  Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
• ROE

  Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The history of Blissfield State Bank begins with the forming of a private bank, the first in Blissfield, on May 5, 1873. This private bank was formed by Arthur D. Gilmore, a recent graduate (1870) of the University of Michigan law school, and David Carpenter, the largest taxpayer in Blissfield Township at that time.

In 1987, to insure that all stockholders were treated equally and that a few could not force their will upon many, the board of directors asked for a new form of ownership for the bank. A Bank Holding Company was approved by the stockholders. Proportionate shares in the Blissfield Bank Corporation (holding company) replaced the shares in the bank.

The Blissfield State Bank mission is to remain an independent community financial institution by enhancing the shareholders value, actively supporting the citizens of its community with quality products and services, and providing a meaningful work environment for its employees.

Blissfield State Bank
204 E. Jefferson Street
P.O. Box 40
Blissfield, MI 49228
517-486-2151 (local)
517-486-4316 (fax)
800-649-1767 (toll free)