Byron Bank in Byron Center, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 24, 2010

  • Byron Bank in Byron Center, Michigan (MI)
  • Show street view No street view available for this location

Byron Bank - Overview

  • General
  • FDIC Certificate #: 11405
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chemical Bank (#1003)
    Federal Reserve ID: 945941
    Date Established: April 01, 1921
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 14 (Interstate: No)
    OTS Docket #: 9774
    FDIC's unique #: 7281
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 24, 2010
    Last Structure Change Process Date: July 30, 2010
    Last Data Update: July 30, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2445 84th Street, S.W., Byron Center, MI 49315
    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: $867.7 mil

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

2000 - 2011 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, 2009)

  • Dollar figures in thousands
  • 202Total employees (full-time equivalent)
  • $820,178Total assets
  • $13,995Cash and due from depository institutions
  • $0Interest-bearing balances
  • $79,092Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $685,171Net loans & leases
  • $12,973Loan loss allowance
  • $0Trading account assets
  • $15,078Bank premises and fixed assets
  • $3,961Other real estate owned
  • $260Goodwill and other intangibles
  • $2,682Life insurance assets
  • $22,621All other assets
  • $820,178Total liabilities and capital
  • $751,950Total liabilities
  • $690,887Total deposits
  • $665,496Interest-bearing deposits
  • $690,887Deposits held in domestic offices
  • 86.63%% insured (estimated)
  • $6,450Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $50,432Other borrowed funds
  • $0Subordinated debt
  • $4,181All other liabilities
  • $68,228Total equity capital
  • $68,228Total bank equity capital
  • $68,228Perpetual preferred stock
  • $0Common stock
  • $4,000Surplus
  • $38,000Undivided profits
  • Memoranda
  • $26,228Noncurrent loans and leases
  • $225,418Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,804Earning assets
  • $620Long-term assets (5+ years)
  • $3,586Average Assets, year-to-date
  • $764,263Average Assets, quarterly
  • $124,968Volatile liabilities
  • $833,812Insider loans
  • $829,154FHLB advances
  • $121,824Loans and leases held for sale
  • $615Unused loan commitments
  • $49,399Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,431Total risk weighted assets
  • $225,418Total unused commitments
  • $0Restructured Loans and leases
  • $9,856Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $39,722Total interest income
  • $14,298Total interest expense
  • $25,424Net interest income
  • $10,050Provision for loan and lease losses
  • $8,868Total noninterest income
  • $0Fiduciary activities
  • $3,577Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,291Additional noninterest income
  • $24,721Total noninterest expense
  • $13,217Salaries and employee benefits
  • $3,173Premises and equipment expense
  • $8,331Additional noninterest expense
  • -$479Pre-tax net operating income
  • $620Securities gains (losses)
  • -$678Applicable income taxes
  • $819Income before extraordinary items
  • $0Extraordinary gains - net
  • $819Net income attributable to bank
  • $0Net charge-offs
  • $819Cash dividends
  • $6,207Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 1.83%Cost of funding earning assets
  • 3.26%Net interest margin
  • 1.14%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • 0.02%Net operating income to assets
  • 0.10%Return on assets (ROA)
  • 0.02%Pretax return on assets
  • 1.21%Return on equity (ROE)
  • 1.21%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 161.91%Credit loss provision to net charge-offs
  • 1.54%Efficiency ratio
  • 71,935Assets per employee
  • 4.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 132.32%Noncurrent assets plus other real estate owned to assets
  • 1.68%Noncurrent loans to loans
  • 1.40%Net loans and leases to deposits
  • 99.17%Net loans and leases to core deposits
  • 114.51%Equity capital to assets
  • 8.32%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 9.07%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $833,812Average earning assets
  • $67,580Average equity
  • $780,952Average loans

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Byron Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents