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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