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)
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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

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