Highpoint Community Bank, Financial Information

AboutHighpoint Community Bank

 Address:
150 West Court Street
Hastings,MI
Barry County,Michigan
 Established:
Jan 1886
 Number of domestic offices:
8
Total assets$396M
Net income$3M
Net income,quarterly$1M
Total deposits$334M
Domestic deposits$334M
Equity capital$36M
ROA0.77%
ROAQ,quarterly0.99%
ROA,pretax0.99%
ROAQ,quarterly,pretax1.03%
ROE7.99%
ROEQ,quarterly10.9%
UpdatedMay 20, 2021

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.

Hastings City Bank was founded in 1886 when 35 Hastings investors provided the initial capital of $50,000. The original investors included farmers, publishers, dry goods and hardware merchants, druggists, lawyers, a doctor and an accountant.

The intent was to finance manufacturing activity so that Hastings could share the fruits of a growing industrial revolution. At the time, the town’s economy was mostly served by sawmills. There were two rail lines which brought freight, passengers and daily newspapers from Grand Rapids and Detroit. The bank expanded into new service areas including Middleville, Caledonia, Nashville, Bellevue, Wayland and Marshall. The Hastings City Banks main branch and corporate headquarters remain in downtown Hastings, one block from its original site. Today’s assets total nearly $240 million.

Personal banking services are designed to help you handle your personal banking as conveniently and inexpensively as possible. From checking to electronic services, the bank provides a wide range of accounts and services to meet virtually every financial need.

Hastings City Bank Main Office
150 West Court St.
Hastings, MI 49058
Phone: 269-945-2401

Middleville
435 Arlington St.
PO BOX 129
Middleville, MI 49333
Phone: 269-795-3338

Caledonia
9265 Cherry Valley SE.
Caledonia, MI 49316
Phone: 616-891-0010

Nashville
310 North Main St.
Nashville, MI 49073
Phone: 517-852-0790

Bellevue
111 East Capital Ave.
Bellevue, MI 49021
Phone: 269-763-9418

Wayland
156 West Superior St.
Wayland, MI 49348
Phone: 269-792-6201

Marshall
124 West Michigan Ave.
Marshall, MI 49068
Phone: 269-558-0994