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