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- Banks in Michigan (MI)
- Chemical Bank South
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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- Banks in Michigan (MI)
- Chemical Bank South
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