Chemical Bank South in Marshall, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 26, 2001

  • Chemical Bank South in Marshall, Michigan (MI)
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Chemical Bank South - Overview

  • General
  • FDIC Certificate #: 20433
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chemical Bank Shoreline (#11394)
    Federal Reserve ID: 480442
    Date Established: June 07, 1971
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 14084
    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: June 07, 1971
    Last Structure Change Effective Date: October 26, 2001
    Last Structure Change Process Date: November 05, 2001
    Last Data Update: November 05, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 115 West Drive South, Marshall, MI 49068
    County: Calhoun
    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): Kalamazoo-Battle Creek, MI (#3720)
    Core Based Statistical Area (CBSA): Battle Creek, MI (#12980)
    CBSA Metro Statistical Area: Battle Creek, MI (#12980)
  • Financial Summary
  • Total assets: $72.7 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
  • 42Total employees (full-time equivalent)
  • $69,215Total assets
  • $3,422Cash and due from depository institutions
  • $0Interest-bearing balances
  • $19,010Securities
  • $7,500Federal funds sold & reverse repurchase agreements
  • $35,657Net loans & leases
  • $677Loan loss allowance
  • $0Trading account assets
  • $1,655Bank premises and fixed assets
  • $74Other real estate owned
  • $1,063Goodwill and other intangibles
  • $0Life insurance assets
  • $834All other assets
  • $69,215Total liabilities and capital
  • $62,266Total liabilities
  • $60,268Total deposits
  • $46,812Interest-bearing deposits
  • $60,268Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,667Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $189Other borrowed funds
  • $0Subordinated debt
  • $142All other liabilities
  • $6,949Total equity capital
  • $6,949Total bank equity capital
  • $6,949Perpetual preferred stock
  • $0Common stock
  • $550Surplus
  • $1,150Undivided profits
  • Memoranda
  • $5,249Noncurrent loans and leases
  • $2,473Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $99Earning assets
  • $0Long-term assets (5+ years)
  • $206Average Assets, year-to-date
  • $62,167Average Assets, quarterly
  • $9,518Volatile liabilities
  • $71,229Insider loans
  • $69,700FHLB advances
  • $5,712Loans and leases held for sale
  • $1,033Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,473Total unused commitments
  • $0Restructured Loans and leases
  • $444Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $4,624Total interest income
  • $1,759Total interest expense
  • $2,865Net interest income
  • $9Provision for loan and lease losses
  • $630Total noninterest income
  • $0Fiduciary activities
  • $318Service charges on deposit accounts
  • $0Trading account gains & fees
  • $312Additional noninterest income
  • $2,308Total noninterest expense
  • $1,074Salaries and employee benefits
  • $367Premises and equipment expense
  • $867Additional noninterest expense
  • $1,178Pre-tax net operating income
  • $1Securities gains (losses)
  • $377Applicable income taxes
  • $802Income before extraordinary items
  • $0Extraordinary gains - net
  • $802Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $1,321Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.31%Yield on earning assets
  • 2.78%Cost of funding earning assets
  • 4.53%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 3.65%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 11.09%Return on equity (ROE)
  • -7.18%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 225.00%Credit loss provision to net charge-offs
  • 296.75%Efficiency ratio
  • 62,232Assets per employee
  • 1.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 164.71%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 683.84%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.27%Net loans and leases to deposits
  • 59.16%Net loans and leases to core deposits
  • 63.21%Equity capital to assets
  • 10.04%Core capital (leverage) ratio
  • 8.47%Tier 1 risk-based capital ratio
  • 16.55%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $71,229Average earning assets
  • $7,230Average equity
  • $63,279Average loans

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