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- Banks in Michigan (MI)
- Citizens Trust and Savings Bank
Citizens Trust and Savings Bank in South Haven, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of May 28, 1994
- Citizens Trust and Savings Bank in South Haven, Michigan (MI)
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Citizens Trust and Savings Bank - Overview
- General
- FDIC Certificate #: 1013
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Chemical Bank Shoreline (#11394)
Federal Reserve ID: 382340
Date Established: November 03, 1892
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 10592
FDIC's unique #: 671
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: January 01, 1934
Last Structure Change Effective Date: May 28, 1994
Last Structure Change Process Date: June 13, 1994
Last Data Update: June 13, 1994
Data Source Date: April 05, 2012 - Location
- Address: 433 Phoenix Street, South Haven, MI 49090
County: Van Buren
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): Kalamazoo-Portage, MI (#28020)
CBSA Metro Statistical Area: Kalamazoo-Portage, MI (#28020) - Financial Summary
- Total assets: $206.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1993)
- Dollar figures in thousands
- 0Total employees (full-time equivalent)
- $80Total assets
- $210,558Cash and due from depository institutions
- $9,567Interest-bearing balances
- $0Securities
- $35,376Federal funds sold & reverse repurchase agreements
- $12,680Net loans & leases
- $145,104Loan loss allowance
- $2,251Trading account assets
- $0Bank premises and fixed assets
- $3,568Other real estate owned
- $516Goodwill and other intangibles
- $2,731Life insurance assets
- $1,016All other assets
- $0Total liabilities and capital
- $210,558Total liabilities
- $191,709Total deposits
- $188,326Interest-bearing deposits
- $167,764Deposits held in domestic offices
- 188326.00%% insured (estimated)
- $89Federal funds purchased & repurchase agreements
- $87Trading liabilities
- $0Other borrowed funds
- $2,000Subordinated debt
- $0All other liabilities
- $1,296Total equity capital
- $1,296Total bank equity capital
- $18,849Perpetual preferred stock
- $0Common stock
- $1,994Surplus
- $8,006Undivided profits
- Memoranda
- $8,849Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $2,801Income earned, not collected on loans
- $1,096Earning assets
- $193,160Long-term assets (5+ years)
- $37,679Average Assets, year-to-date
- $197,300Average Assets, quarterly
- $210,156Volatile liabilities
- $11,229Insider loans
- $992FHLB advances
- $0Loans and leases held for sale
- $1,090Unused loan commitments
- $19,298Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $17,833Total risk weighted assets
- $135,955Total unused commitments
- $0Restructured Loans and leases
- $0Derivatives
Income and Expense (December 31, 1993)
- Dollar figures in thousands
- $0Total interest income
- $14,137Total interest expense
- $5,605Net interest income
- $8,532Provision for loan and lease losses
- $600Total noninterest income
- $1,602Fiduciary activities
- $613Service charges on deposit accounts
- $691Trading account gains & fees
- $0Additional noninterest income
- $298Total noninterest expense
- $6,601Salaries and employee benefits
- $2,615Premises and equipment expense
- $751Additional noninterest expense
- $3,235Pre-tax net operating income
- $2,933Securities gains (losses)
- $138Applicable income taxes
- $575Income before extraordinary items
- $2,496Extraordinary gains - net
- $0Net income attributable to bank
- $2,496Net charge-offs
- $93Cash dividends
- $952Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 1993)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 0.00%Yield on earning assets
- 7.80%Cost of funding earning assets
- 3.09%Net interest margin
- 4.71%Noninterest income to earning assets
- 0.88%Noninterest expense to earning assets
- 3.64%Net operating income to assets
- 1.21%Return on assets (ROA)
- 1.27%Pretax return on assets
- 1.56%Return on equity (ROE)
- 13.86%Retained earnings to average equity (YTD only)
- 8.58%Net charge-offs to loans
- 0.07%Credit loss provision to net charge-offs
- 645.16%Efficiency ratio
- 63,874Assets per employee
- 2.63%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 38.14%Loss allowance to loans
- 1.53%Loss allowance to noncurrent loans
- 80.36%Noncurrent assets plus other real estate owned to assets
- 1.58%Noncurrent loans to loans
- 1.90%Net loans and leases to deposits
- 77.05%Net loans and leases to core deposits
- 80.98%Equity capital to assets
- 8.95%Core capital (leverage) ratio
- 8.57%Tier 1 risk-based capital ratio
- 13.12%Total risk-based capital ratio
- Memoranda
- $14Average assets
- $197,300Average earning assets
- $18,005Average equity
- $181,173Average loans
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- Banks in Michigan (MI)
- Citizens Trust and Savings Bank
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