Chemical Bank Key State in Owosso, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2001

Chemical Bank Key State in Owosso, Michigan (MI)
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Chemical Bank Key State - Overview

General
FDIC Certificate #: 14921
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Chemical Bank (#1003)
Federal Reserve ID: 447548
Date Established: January 01, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
FDIC's unique #: 9347
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: December 17, 1934
Last Structure Change Effective Date: January 01, 2001
Last Structure Change Process Date: Febuary 08, 2001
Last Data Update: Febuary 08, 2001
Data Source Date: April 05, 2012
Location
Address: 100 East Main Street, Owosso, MI 48867
County: Shiawassee
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
Combined Statistical Area (CSA): Lansing-East Lansing-Owosso, MI (#330)
Core Based Statistical Area (CBSA): Owosso, MI (#37020)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $143.3 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
78Total employees (full-time equivalent)
$143,279Total assets
$9,040Cash and due from depository institutions
$58Interest-bearing balances
$29,176Securities
$3,800Federal funds sold & reverse repurchase agreements
$95,836Net loans & leases
$2,325Loan loss allowance
$0Trading account assets
$2,749Bank premises and fixed assets
$73Other real estate owned
$839Goodwill and other intangibles
$0Life insurance assets
$1,766All other assets
$143,279Total liabilities and capital
$129,747Total liabilities
$121,362Total deposits
$100,593Interest-bearing deposits
$121,362Deposits held in domestic offices
0.00%% insured (estimated)
$7,307Federal funds purchased & repurchase agreements
$0Trading liabilities
$185Other borrowed funds
$0Subordinated debt
$893All other liabilities
$13,532Total equity capital
$13,532Total bank equity capital
$13,532Perpetual preferred stock
$0Common stock
$2,221Surplus
$4,711Undivided profits
Memoranda
$6,600Noncurrent loans and leases
$9,540Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$197Earning assets
$0Long-term assets (5+ years)
$545Average Assets, year-to-date
$128,870Average Assets, quarterly
$20,979Volatile liabilities
$141,811Insider loans
$142,663FHLB advances
$23,092Loans and leases held for sale
$2,749Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,540Total unused commitments
$0Restructured Loans and leases
$1,140Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$10,065Total interest income
$4,415Total interest expense
$5,650Net interest income
$9Provision for loan and lease losses
$1,213Total noninterest income
$0Fiduciary activities
$478Service charges on deposit accounts
$0Trading account gains & fees
$735Additional noninterest income
$4,537Total noninterest expense
$2,398Salaries and employee benefits
$749Premises and equipment expense
$1,390Additional noninterest expense
$2,317Pre-tax net operating income
$1Securities gains (losses)
$712Applicable income taxes
$1,606Income before extraordinary items
$0Extraordinary gains - net
$1,606Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$66Sale, conversion, retirement of capital stock, net
$3,875Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.83%Yield on earning assets
3.43%Cost of funding earning assets
4.39%Net interest margin
0.94%Noninterest income to earning assets
3.53%Noninterest expense to earning assets
1.13%Net operating income to assets
1.13%Return on assets (ROA)
1.63%Pretax return on assets
10.87%Return on equity (ROE)
-15.35%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
13.64%Credit loss provision to net charge-offs
35.24%Efficiency ratio
65,103Assets per employee
1.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
241.28%Loss allowance to loans
2.37%Loss allowance to noncurrent loans
1180.20%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.20%Net loans and leases to deposits
78.97%Net loans and leases to core deposits
90.77%Equity capital to assets
9.44%Core capital (leverage) ratio
8.86%Tier 1 risk-based capital ratio
14.01%Total risk-based capital ratio
Memoranda
$15Average assets
$141,811Average earning assets
$14,778Average equity
$128,608Average loans

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