Chemical Bank Central in Big Rapids, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2001

  • Chemical Bank Central in Big Rapids, Michigan (MI)
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Chemical Bank Central - Overview

  • General
  • FDIC Certificate #: 14719
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chemical Bank West (#26489)
    Federal Reserve ID: 684642
    Date Established: January 01, 1902
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 69 (Interstate: No)
    FDIC's unique #: 9208
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 18, 1934
    Last Structure Change Effective Date: January 01, 2001
    Last Structure Change Process Date: Febuary 05, 2001
    Last Data Update: Febuary 05, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 125 North Michigan Avenue, Big Rapids, MI 49307
    County: Mecosta
    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
    Core Based Statistical Area (CBSA): Big Rapids, MI (#13660)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $119.9 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
  • 64Total employees (full-time equivalent)
  • $119,905Total assets
  • $8,091Cash and due from depository institutions
  • $0Interest-bearing balances
  • $23,452Securities
  • $3,500Federal funds sold & reverse repurchase agreements
  • $81,361Net loans & leases
  • $1,236Loan loss allowance
  • $0Trading account assets
  • $1,400Bank premises and fixed assets
  • $0Other real estate owned
  • $846Goodwill and other intangibles
  • $0Life insurance assets
  • $1,255All other assets
  • $119,905Total liabilities and capital
  • $109,224Total liabilities
  • $102,775Total deposits
  • $77,358Interest-bearing deposits
  • $102,775Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,312Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $447Other borrowed funds
  • $0Subordinated debt
  • $690All other liabilities
  • $10,681Total equity capital
  • $10,681Total bank equity capital
  • $10,681Perpetual preferred stock
  • $0Common stock
  • $1,774Surplus
  • $1,775Undivided profits
  • Memoranda
  • $7,132Noncurrent loans and leases
  • $2,961Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $24Earning assets
  • $0Long-term assets (5+ years)
  • $410Average Assets, year-to-date
  • $108,313Average Assets, quarterly
  • $13,301Volatile liabilities
  • $110,596Insider loans
  • $115,494FHLB advances
  • $11,433Loans and leases held for sale
  • $1,135Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,961Total unused commitments
  • $0Restructured Loans and leases
  • $908Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $7,998Total interest income
  • $3,015Total interest expense
  • $4,983Net interest income
  • $85Provision for loan and lease losses
  • $780Total noninterest income
  • $0Fiduciary activities
  • $567Service charges on deposit accounts
  • $0Trading account gains & fees
  • $213Additional noninterest income
  • $3,383Total noninterest expense
  • $1,963Salaries and employee benefits
  • $435Premises and equipment expense
  • $985Additional noninterest expense
  • $2,295Pre-tax net operating income
  • $1Securities gains (losses)
  • $762Applicable income taxes
  • $1,534Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,534Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $58Sale, conversion, retirement of capital stock, net
  • $2,255Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.85%Yield on earning assets
  • 2.96%Cost of funding earning assets
  • 4.89%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 1.39%Net operating income to assets
  • 1.39%Return on assets (ROA)
  • 2.08%Pretax return on assets
  • 13.91%Return on equity (ROE)
  • -6.54%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 146.55%Credit loss provision to net charge-offs
  • 41.03%Efficiency ratio
  • 57,505Assets per employee
  • 1.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 147.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 5150.00%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 79.16%Net loans and leases to core deposits
  • 83.79%Equity capital to assets
  • 8.91%Core capital (leverage) ratio
  • 8.43%Tier 1 risk-based capital ratio
  • 13.41%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $110,596Average earning assets
  • $11,030Average equity
  • $101,837Average loans

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