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- Banks in Michigan (MI)
- Bank West
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)
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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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- Banks in Michigan (MI)
- Bank West
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