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