Chemical Bank Huron in Standish, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 22, 1996

Chemical Bank Huron in Standish, Michigan (MI)
Show street view No street view available for this location

Chemical Bank Huron - Overview

General
FDIC Certificate #: 11403
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Chemical Bank Bay Area (#12733)
Federal Reserve ID: 645849
Date Established: December 31, 1912
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 68 (Interstate: No)
FDIC's unique #: 7279
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: January 01, 1934
Last Structure Change Effective Date: March 22, 1996
Last Structure Change Process Date: April 09, 1996
Last Data Update: April 09, 1996
Data Source Date: April 05, 2012
Location
Address: 220 South Main Street, Standish, MI 48658
County: Arenac
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Detroit
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $59.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$33Total assets
$59,767Cash and due from depository institutions
$3,498Interest-bearing balances
$0Securities
$27,010Federal funds sold & reverse repurchase agreements
$2,300Net loans & leases
$24,917Loan loss allowance
$604Trading account assets
$0Bank premises and fixed assets
$978Other real estate owned
$136Goodwill and other intangibles
$928Life insurance assets
$0All other assets
$0Total liabilities and capital
$59,767Total liabilities
$53,688Total deposits
$53,339Interest-bearing deposits
$46,688Deposits held in domestic offices
53339.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$73Subordinated debt
$0All other liabilities
$276Total equity capital
$276Total bank equity capital
$6,079Perpetual preferred stock
$0Common stock
$200Surplus
$1,470Undivided profits
Memoranda
$4,409Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$13Income earned, not collected on loans
$187Earning assets
$54,227Long-term assets (5+ years)
$7,148Average Assets, year-to-date
$58,370Average Assets, quarterly
$59,024Volatile liabilities
$3,219Insider loans
$623FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$851Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,033Total risk weighted assets
$21,992Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,793Total interest expense
$1,640Net interest income
$2,153Provision for loan and lease losses
$60Total noninterest income
$284Fiduciary activities
$0Service charges on deposit accounts
$186Trading account gains & fees
$0Additional noninterest income
$98Total noninterest expense
$1,394Salaries and employee benefits
$756Premises and equipment expense
$225Additional noninterest expense
$413Pre-tax net operating income
$983Securities gains (losses)
$0Applicable income taxes
$301Income before extraordinary items
$682Extraordinary gains - net
$0Net income attributable to bank
$682Net charge-offs
$1Cash dividends
$116Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.11%Cost of funding earning assets
3.07%Net interest margin
4.03%Noninterest income to earning assets
0.53%Noninterest expense to earning assets
2.61%Net operating income to assets
1.17%Return on assets (ROA)
1.17%Pretax return on assets
1.68%Return on equity (ROE)
12.09%Retained earnings to average equity (YTD only)
10.03%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
6000.00%Efficiency ratio
57,201Assets per employee
1.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
17.01%Loss allowance to loans
2.37%Loss allowance to noncurrent loans
4646.15%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
0.05%Net loans and leases to deposits
46.71%Net loans and leases to core deposits
49.64%Equity capital to assets
10.17%Core capital (leverage) ratio
10.31%Tier 1 risk-based capital ratio
27.43%Total risk-based capital ratio
Memoranda
$29Average assets
$58,370Average earning assets
$5,641Average equity
$53,359Average 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 Chemical Bank Huron.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.