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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