Chemical Bank Thumb Area in Caro, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2001

  • Chemical Bank Thumb Area in Caro, Michigan (MI)
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Chemical Bank Thumb Area - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 81Total employees (full-time equivalent)
  • $174,957Total assets
  • $6,696Cash and due from depository institutions
  • $0Interest-bearing balances
  • $64,880Securities
  • $14,800Federal funds sold & reverse repurchase agreements
  • $84,917Net loans & leases
  • $1,326Loan loss allowance
  • $0Trading account assets
  • $1,717Bank premises and fixed assets
  • $0Other real estate owned
  • $89Goodwill and other intangibles
  • $0Life insurance assets
  • $1,858All other assets
  • $174,957Total liabilities and capital
  • $158,379Total liabilities
  • $153,945Total deposits
  • $132,396Interest-bearing deposits
  • $153,945Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,616Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $818All other liabilities
  • $16,578Total equity capital
  • $16,578Total bank equity capital
  • $16,578Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $2,000Undivided profits
  • Memoranda
  • $12,578Noncurrent loans and leases
  • $9,363Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $28Earning assets
  • $0Long-term assets (5+ years)
  • $624Average Assets, year-to-date
  • $164,597Average Assets, quarterly
  • $20,254Volatile liabilities
  • $173,782Insider loans
  • $171,609FHLB advances
  • $17,817Loans and leases held for sale
  • $213Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $58Total risk weighted assets
  • $9,363Total unused commitments
  • $0Restructured Loans and leases
  • $1,115Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $11,529Total interest income
  • $5,175Total interest expense
  • $6,354Net interest income
  • $52Provision for loan and lease losses
  • $710Total noninterest income
  • $0Fiduciary activities
  • $465Service charges on deposit accounts
  • $0Trading account gains & fees
  • $245Additional noninterest income
  • $4,255Total noninterest expense
  • $2,541Salaries and employee benefits
  • $624Premises and equipment expense
  • $1,090Additional noninterest expense
  • $2,757Pre-tax net operating income
  • $2Securities gains (losses)
  • $779Applicable income taxes
  • $1,980Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,980Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $31Sale, conversion, retirement of capital stock, net
  • $3,910Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.05%Yield on earning assets
  • 3.16%Cost of funding earning assets
  • 3.88%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.60%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.59%Pretax return on assets
  • 11.37%Return on equity (ROE)
  • -11.08%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 167.74%Credit loss provision to net charge-offs
  • 90.61%Efficiency ratio
  • 59,966Assets per employee
  • 2.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 197.47%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 4735.71%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 55.16%Net loans and leases to core deposits
  • 60.77%Equity capital to assets
  • 9.48%Core capital (leverage) ratio
  • 9.51%Tier 1 risk-based capital ratio
  • 18.21%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $173,782Average earning assets
  • $17,415Average equity
  • $163,574Average loans

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