Chemical Bank Thumb Area in Caro, Michigan (MI)

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Chemical Bank Thumb Area
GeneralFDIC Certificate #: 12175
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Chemical Bank (#1003)
Federal Reserve ID: 802745
Date Established: May 04, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Interstate: No)
FDIC's unique #: 7731
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 01, 2001
Last Structure Change Process Date: Febuary 08, 2001
Last Data Update: Febuary 08, 2001
Data Source Date: April 05, 2012
LocationAddress: 240 North State Street, Caro, MI 48723
County: Tuscola
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Detroit
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial SummaryTotal assets: $175.0 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)
Total employees (full-time equivalent)81
Total assets$174,957
Cash and due from depository institutions$6,696
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$14,800
Net loans & leases$84,917
Loan loss allowance $1,326
Trading account assets$0
Bank premises and fixed assets$1,717
Other real estate owned$0
Goodwill and other intangibles$89
All other assets$1,858
Life insurance assets$0
Total liabilities and capital$174,957
Total liabilities$158,379
Total deposits$153,945
Interest-bearing deposits$132,396
Deposits held in domestic offices$153,945
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $3,616
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $818
Total equity capital$16,578
Total bank equity capital$16,578
Perpetual preferred stock$16,578
Common stock$0
Undivided profits $2,000
Noncurrent loans and leases $12,578
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $9,363
Income earned, not collected on loans $0
Earning assets $28
Long-term assets (5+ years) $0
Average Assets, year-to-date $624
Average Assets, quarterly $164,597
Volatile liabilities $20,254
Insider loans $173,782
FHLB advances $171,609
Loans and leases held for sale $17,817
Unused loan commitments $213
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $58
Total unused commitments $9,363
Restructured Loans and leases $0
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $11,529
Total interest expense $5,175
Net interest income $6,354
Provision for loan and lease losses $52
Total noninterest income $710
Fiduciary activities $0
Service charges on deposit accounts $465
Trading account gains & fees $0
Additional noninterest income $245
Total noninterest expense $4,255
Salaries and employee benefits $2,541
Premises and equipment expense $624
Additional noninterest expense $1,090
Pre-tax net operating income $2,757
Securities gains (losses) $2
Applicable income taxes $779
Income before extraordinary items $1,980
Extraordinary gains - net $0
Net income attributable to bank $1,980
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $31
Net operating income $3,910
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.05%
Cost of funding earning assets 3.16%
Net interest margin 3.88%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 2.60%
Net operating income to assets 1.14%
Return on assets (ROA) 1.14%
Pretax return on assets 1.59%
Return on equity (ROE) 11.37%
Retained earnings to average equity (YTD only) -11.08%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 167.74%
Efficiency ratio90.61%
Assets per employee$59,966
Cash dividends to net income (YTD only)2.16%
Condition Ratios (%)
Loss allowance to loans 197.47%
Loss allowance to noncurrent loans 1.54%
Noncurrent assets plus other real estate owned to assets 4735.71%
Noncurrent loans to loans 0.02%
Net loans and leases to deposits0.03%
Net loans and leases to core deposits 55.16%
Equity capital to assets 60.77%
Core capital (leverage) ratio 9.48%
Tier 1 risk-based capital ratio 9.51%
Total risk-based capital ratio 18.21%
Average assets$19
Average earning assets$173,782
Average equity $17,415
Average loans $163,574
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