Chemical Bank West in Walker, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2006

  • Chemical Bank West in Walker, Michigan (MI)
  • Show street view No street view available for this location

Chemical Bank West - Overview

  • General
  • FDIC Certificate #: 26489
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chemical Bank (#1003)
    Federal Reserve ID: 886343
    Date Established: December 16, 1985
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 33 (Interstate: No)
    FDIC's unique #: 33157
    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: December 16, 1985
    Last Structure Change Effective Date: January 01, 2006
    Last Structure Change Process Date: Febuary 09, 2006
    Last Data Update: Febuary 09, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2185 Three Mile Road, N.W., Walker, MI 49544
    County: Kent
    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): Grand Rapids-Muskegon-Holland, MI (#3000)
    Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266)
    Core Based Statistical Area (CBSA): Grand Rapids-Wyoming, MI (#24340)
    CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
  • Financial Summary
  • Total assets: $914.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 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, 2005)

  • Dollar figures in thousands
  • 301Total employees (full-time equivalent)
  • $914,347Total assets
  • $40,421Cash and due from depository institutions
  • $1,031Interest-bearing balances
  • $78,502Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $720,939Net loans & leases
  • $9,005Loan loss allowance
  • $0Trading account assets
  • $8,829Bank premises and fixed assets
  • $2,932Other real estate owned
  • $45,579Goodwill and other intangibles
  • $0Life insurance assets
  • $17,145All other assets
  • $914,347Total liabilities and capital
  • $781,943Total liabilities
  • $674,981Total deposits
  • $586,259Interest-bearing deposits
  • $674,981Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $24,321Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $78,003Other borrowed funds
  • $0Subordinated debt
  • $4,638All other liabilities
  • $132,404Total equity capital
  • $132,404Total bank equity capital
  • $132,404Perpetual preferred stock
  • $0Common stock
  • $2,700Surplus
  • $78,949Undivided profits
  • Memoranda
  • $50,755Noncurrent loans and leases
  • $115,208Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,524Earning assets
  • $0Long-term assets (5+ years)
  • $3,698Average Assets, year-to-date
  • $800,472Average Assets, quarterly
  • $111,957Volatile liabilities
  • $894,469Insider loans
  • $908,311FHLB advances
  • $186,259Loans and leases held for sale
  • $17,106Unused loan commitments
  • $78,003Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,698Total risk weighted assets
  • $115,208Total unused commitments
  • $0Restructured Loans and leases
  • $8,317Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $47,935Total interest income
  • $13,459Total interest expense
  • $34,476Net interest income
  • $1,260Provision for loan and lease losses
  • $7,924Total noninterest income
  • $0Fiduciary activities
  • $5,327Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,597Additional noninterest income
  • $22,923Total noninterest expense
  • $11,763Salaries and employee benefits
  • $3,073Premises and equipment expense
  • $8,087Additional noninterest expense
  • $18,217Pre-tax net operating income
  • -$59Securities gains (losses)
  • $6,372Applicable income taxes
  • $11,786Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,786Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $826Sale, conversion, retirement of capital stock, net
  • $5,400Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.04%Yield on earning assets
  • 1.70%Cost of funding earning assets
  • 4.34%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 9.10%Return on equity (ROE)
  • 4.93%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 152.54%Credit loss provision to net charge-offs
  • 23.58%Efficiency ratio
  • 52,050Assets per employee
  • 3.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.82%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 94.55%Noncurrent assets plus other real estate owned to assets
  • 1.36%Noncurrent loans to loans
  • 1.30%Net loans and leases to deposits
  • 106.81%Net loans and leases to core deposits
  • 128.23%Equity capital to assets
  • 14.48%Core capital (leverage) ratio
  • 10.28%Tier 1 risk-based capital ratio
  • 13.32%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $894,469Average earning assets
  • $129,467Average equity
  • $793,517Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Chemical Bank West.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents