Bank West in Grand Rapids, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 15, 2001

  • Bank West in Grand Rapids, Michigan (MI)
  • Show street view No street view available for this location

Bank West - Overview

  • General
  • FDIC Certificate #: 29951
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chemical Bank West (#26489)
    Federal Reserve ID: 783376
    Date Established: January 01, 1887
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 4411
    FDIC's unique #: 42785
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 26, 1938
    Last Structure Change Effective Date: September 15, 2001
    Last Structure Change Process Date: September 28, 2001
    Last Data Update: September 28, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 2185 3 Mile Rd Nw, Grand Rapids, MI 49544
    County: Kent
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Grand Rapids
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Grand Rapids-Muskegon-Holland, MI (#3000)
    Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266)
    Core Based Statistical Area (CBSA): Grand Rapids-Wyoming, MI (#24340)
    CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
  • Financial Summary
  • Total assets: $279.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2000)

  • Dollar figures in thousands
  • 71Total employees (full-time equivalent)
  • $283,938Total assets
  • $8,983Cash and due from depository institutions
  • $3,205Interest-bearing balances
  • $38,917Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $229,708Net loans & leases
  • $1,090Loan loss allowance
  • $0Trading account assets
  • $3,649Bank premises and fixed assets
  • $521Other real estate owned
  • $224Goodwill and other intangibles
  • $0Life insurance assets
  • $1,936All other assets
  • $283,938Total liabilities and capital
  • $261,908Total liabilities
  • $174,868Total deposits
  • $166,857Interest-bearing deposits
  • $174,868Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $83,705Other borrowed funds
  • $0Subordinated debt
  • $3,335All other liabilities
  • $22,030Total equity capital
  • $22,030Total bank equity capital
  • $22,030Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $11,770Undivided profits
  • Memoranda
  • $10,259Noncurrent loans and leases
  • $42,943Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $707Earning assets
  • $0Long-term assets (5+ years)
  • $1,284Average Assets, year-to-date
  • $271,830Average Assets, quarterly
  • $129,895Volatile liabilities
  • $264,105Insider loans
  • $279,912FHLB advances
  • $128,294Loans and leases held for sale
  • $898Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $219Tier 2 risk-based capital
  • $4,139Total risk weighted assets
  • $42,943Total unused commitments
  • $0Restructured Loans and leases
  • $1,090Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $20,892Total interest income
  • $13,616Total interest expense
  • $7,276Net interest income
  • $490Provision for loan and lease losses
  • $429Total noninterest income
  • $0Fiduciary activities
  • $162Service charges on deposit accounts
  • $0Trading account gains & fees
  • $267Additional noninterest income
  • $5,091Total noninterest expense
  • $2,661Salaries and employee benefits
  • $686Premises and equipment expense
  • $1,744Additional noninterest expense
  • $2,124Pre-tax net operating income
  • $8Securities gains (losses)
  • $758Applicable income taxes
  • $1,374Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,374Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $36Sale, conversion, retirement of capital stock, net
  • $450Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.23%Yield on earning assets
  • 5.36%Cost of funding earning assets
  • 2.87%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 2.01%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 6.53%Return on equity (ROE)
  • 4.39%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 1361.11%Credit loss provision to net charge-offs
  • 72.61%Efficiency ratio
  • 65,737Assets per employee
  • 4.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.75%Loss allowance to loans
  • 0.47%Loss allowance to noncurrent loans
  • 154.17%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.31%Net loans and leases to deposits
  • 131.36%Net loans and leases to core deposits
  • 219.57%Equity capital to assets
  • 7.76%Core capital (leverage) ratio
  • 8.05%Tier 1 risk-based capital ratio
  • 11.45%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $264,105Average earning assets
  • $21,026Average equity
  • $253,840Average loans

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