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
    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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