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

This bank is inactive as of January 01, 2001

  • Chemical Bank Michigan in Clare, Michigan (MI)
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Chemical Bank Michigan - Overview

  • General
  • FDIC Certificate #: 12890
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chemical Bank (#1003)
    Federal Reserve ID: 960542
    Date Established: March 10, 1909
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 14 (Interstate: No)
    FDIC's unique #: 8160
    Numeric code: 13
    Regulator: FED
    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: 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: 807 Mcewan Street, Clare, MI 48617
    County: Clare
    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
  • Financial Summary
  • Total assets: $262.7 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
  • 135Total employees (full-time equivalent)
  • $262,738Total assets
  • $10,364Cash and due from depository institutions
  • $0Interest-bearing balances
  • $102,003Securities
  • $14,400Federal funds sold & reverse repurchase agreements
  • $130,210Net loans & leases
  • $2,065Loan loss allowance
  • $0Trading account assets
  • $2,526Bank premises and fixed assets
  • $0Other real estate owned
  • $229Goodwill and other intangibles
  • $0Life insurance assets
  • $3,006All other assets
  • $262,738Total liabilities and capital
  • $233,422Total liabilities
  • $223,550Total deposits
  • $183,755Interest-bearing deposits
  • $223,550Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,116Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $718Other borrowed funds
  • $0Subordinated debt
  • $1,038All other liabilities
  • $29,316Total equity capital
  • $29,316Total bank equity capital
  • $29,316Perpetual preferred stock
  • $0Common stock
  • $2,324Surplus
  • $2,574Undivided profits
  • Memoranda
  • $24,418Noncurrent loans and leases
  • $11,340Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $106Earning assets
  • $0Long-term assets (5+ years)
  • $655Average Assets, year-to-date
  • $246,613Average Assets, quarterly
  • $23,391Volatile liabilities
  • $255,645Insider loans
  • $260,787FHLB advances
  • $22,581Loans and leases held for sale
  • $4,043Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,340Total unused commitments
  • $0Restructured Loans and leases
  • $1,697Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $17,425Total interest income
  • $6,840Total interest expense
  • $10,585Net interest income
  • $53Provision for loan and lease losses
  • $2,068Total noninterest income
  • $0Fiduciary activities
  • $1,209Service charges on deposit accounts
  • $0Trading account gains & fees
  • $859Additional noninterest income
  • $6,825Total noninterest expense
  • $3,752Salaries and employee benefits
  • $857Premises and equipment expense
  • $2,216Additional noninterest expense
  • $5,775Pre-tax net operating income
  • $2Securities gains (losses)
  • $1,896Applicable income taxes
  • $3,881Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,881Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$2Sale, conversion, retirement of capital stock, net
  • $1,640Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.26%Yield on earning assets
  • 2.85%Cost of funding earning assets
  • 4.41%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 2.84%Noninterest expense to earning assets
  • 1.52%Net operating income to assets
  • 1.52%Return on assets (ROA)
  • 2.26%Pretax return on assets
  • 14.00%Return on equity (ROE)
  • 8.08%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -2650.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 53,774Assets per employee
  • 1.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.26%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 1948.11%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 58.25%Net loans and leases to core deposits
  • 62.06%Equity capital to assets
  • 11.16%Core capital (leverage) ratio
  • 10.95%Tier 1 risk-based capital ratio
  • 21.12%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $255,645Average earning assets
  • $27,723Average equity
  • $240,065Average loans

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