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

This bank is inactive as of January 01, 2001

  • Chemical Bank North in Grayling, Michigan (MI)
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Chemical Bank North - Overview

  • General
  • FDIC Certificate #: 22947
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chemical Bank West (#26489)
    Federal Reserve ID: 743848
    Date Established: September 10, 1979
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 68 (Interstate: No)
    FDIC's unique #: 16054
    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: September 10, 1979
    Last Structure Change Effective Date: January 01, 2001
    Last Structure Change Process Date: Febuary 05, 2001
    Last Data Update: Febuary 05, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 2500 I-75 Business Loop, Grayling, MI 49738
    County: Crawford
    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: $83.9 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
  • 46Total employees (full-time equivalent)
  • $83,882Total assets
  • $3,101Cash and due from depository institutions
  • $0Interest-bearing balances
  • $35,307Securities
  • $2,250Federal funds sold & reverse repurchase agreements
  • $41,435Net loans & leases
  • $875Loan loss allowance
  • $0Trading account assets
  • $626Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,163All other assets
  • $83,882Total liabilities and capital
  • $75,618Total liabilities
  • $72,533Total deposits
  • $59,931Interest-bearing deposits
  • $72,533Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,692Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $393All other liabilities
  • $8,264Total equity capital
  • $8,264Total bank equity capital
  • $8,264Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $2,370Undivided profits
  • Memoranda
  • $5,144Noncurrent loans and leases
  • $4,407Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $259Earning assets
  • $0Long-term assets (5+ years)
  • $223Average Assets, year-to-date
  • $78,992Average Assets, quarterly
  • $13,086Volatile liabilities
  • $82,820Insider loans
  • $85,539FHLB advances
  • $6,188Loans and leases held for sale
  • $2,016Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,407Total unused commitments
  • $0Restructured Loans and leases
  • $541Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $5,727Total interest income
  • $2,403Total interest expense
  • $3,324Net interest income
  • $32Provision for loan and lease losses
  • $487Total noninterest income
  • $0Fiduciary activities
  • $324Service charges on deposit accounts
  • $0Trading account gains & fees
  • $163Additional noninterest income
  • $2,280Total noninterest expense
  • $1,406Salaries and employee benefits
  • $274Premises and equipment expense
  • $600Additional noninterest expense
  • $1,499Pre-tax net operating income
  • $0Securities gains (losses)
  • $496Applicable income taxes
  • $1,003Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,003Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $46Sale, conversion, retirement of capital stock, net
  • $1,460Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.36%Yield on earning assets
  • 3.09%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 1.21%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.81%Pretax return on assets
  • 12.02%Return on equity (ROE)
  • -5.48%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 69.57%Credit loss provision to net charge-offs
  • 33.28%Efficiency ratio
  • 59,827Assets per employee
  • 1.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 145.56%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 337.84%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 57.13%Net loans and leases to core deposits
  • 60.02%Equity capital to assets
  • 9.85%Core capital (leverage) ratio
  • 9.42%Tier 1 risk-based capital ratio
  • 18.83%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $82,820Average earning assets
  • $8,345Average equity
  • $77,788Average loans

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