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- Banks in Michigan (MI)
- Chemical Bank Shoreline
Chemical Bank Shoreline in Benton Harbor, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of January 01, 2006
- Chemical Bank Shoreline in Benton Harbor, Michigan (MI)
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Chemical Bank Shoreline - Overview
- General
- FDIC Certificate #: 11394
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Chemical Bank (#1003)
Federal Reserve ID: 963543
Date Established: January 01, 1934
WWW: http://www.chemicalbankmi.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 42 (Interstate: No)
OTS Docket #: 10408
FDIC's unique #: 7273
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 02, 1934
Last Structure Change Effective Date: January 01, 2006
Last Structure Change Process Date: Febuary 09, 2006
Last Data Update: Febuary 09, 2006
Data Source Date: April 05, 2012 - Location
- Address: 823 Riverview Drive, Benton Harbor, MI 49022
County: Berrien
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
Metropolitan Statistical Area (MSA): Benton Harbor, MI (#870)
Core Based Statistical Area (CBSA): Niles-Benton Harbor, MI (#35660)
CBSA Metro Statistical Area: Niles-Benton Harbor, MI (#35660) - Financial Summary
- Total assets: $1,215.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2005)
- Dollar figures in thousands
- 321Total employees (full-time equivalent)
- $1,215,537Total assets
- $39,092Cash and due from depository institutions
- $1,809Interest-bearing balances
- $164,911Securities
- $1,500Federal funds sold & reverse repurchase agreements
- $946,135Net loans & leases
- $12,259Loan loss allowance
- $0Trading account assets
- $16,286Bank premises and fixed assets
- $4,934Other real estate owned
- $22,259Goodwill and other intangibles
- $0Life insurance assets
- $20,420All other assets
- $1,215,537Total liabilities and capital
- $1,068,122Total liabilities
- $885,003Total deposits
- $828,389Interest-bearing deposits
- $885,003Deposits held in domestic offices
- 0.00%% insured (estimated)
- $29,476Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $147,783Other borrowed funds
- $0Subordinated debt
- $5,860All other liabilities
- $147,415Total equity capital
- $147,415Total bank equity capital
- $147,415Perpetual preferred stock
- $0Common stock
- $6,305Surplus
- $66,367Undivided profits
- Memoranda
- $74,743Noncurrent loans and leases
- $256,570Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $4,658Earning assets
- $391Long-term assets (5+ years)
- $5,204Average Assets, year-to-date
- $1,114,355Average Assets, quarterly
- $217,343Volatile liabilities
- $1,233,678Insider loans
- $1,235,060FHLB advances
- $227,785Loans and leases held for sale
- $22,488Unused loan commitments
- $146,667Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $1,138Total risk weighted assets
- $256,570Total unused commitments
- $0Restructured Loans and leases
- $11,817Derivatives
Income and Expense (December 31, 2005)
- Dollar figures in thousands
- $67,188Total interest income
- $22,669Total interest expense
- $44,519Net interest income
- $1,430Provision for loan and lease losses
- $9,202Total noninterest income
- $0Fiduciary activities
- $5,753Service charges on deposit accounts
- $0Trading account gains & fees
- $3,449Additional noninterest income
- $29,647Total noninterest expense
- $14,552Salaries and employee benefits
- $4,692Premises and equipment expense
- $10,403Additional noninterest expense
- $22,644Pre-tax net operating income
- -$152Securities gains (losses)
- $7,322Applicable income taxes
- $15,170Income before extraordinary items
- $0Extraordinary gains - net
- $15,170Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $2,134Sale, conversion, retirement of capital stock, net
- $8,097Net operating income
Performance and Condition Ratios (December 31, 2005)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 5.92%Yield on earning assets
- 2.00%Cost of funding earning assets
- 3.92%Net interest margin
- 0.81%Noninterest income to earning assets
- 2.61%Noninterest expense to earning assets
- 1.24%Net operating income to assets
- 1.23%Return on assets (ROA)
- 1.82%Pretax return on assets
- 10.49%Return on equity (ROE)
- 4.89%Retained earnings to average equity (YTD only)
- 0.23%Net charge-offs to loans
- 67.01%Credit loss provision to net charge-offs
- 11.28%Efficiency ratio
- 53,463Assets per employee
- 3.79%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 53.38%Loss allowance to loans
- 1.28%Loss allowance to noncurrent loans
- 263.18%Noncurrent assets plus other real estate owned to assets
- 0.65%Noncurrent loans to loans
- 0.49%Net loans and leases to deposits
- 106.91%Net loans and leases to core deposits
- 124.62%Equity capital to assets
- 12.13%Core capital (leverage) ratio
- 10.48%Tier 1 risk-based capital ratio
- 13.42%Total risk-based capital ratio
- Memoranda
- $15Average assets
- $1,233,678Average earning assets
- $144,599Average equity
- $1,134,265Average loans
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- Banks in Michigan (MI)
- Chemical Bank Shoreline
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