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- Chemical Bank Central
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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- Banks in Michigan (MI)
- Chemical Bank Central
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