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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