Grand Haven Bank in Grand Haven, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 2009

  • Grand Haven Bank in Grand Haven, Michigan (MI)
  • Show street view No street view available for this location

Grand Haven Bank - Overview

  • General
  • FDIC Certificate #: 34008
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Michigan Commerce Bank (#33134)
    Federal Reserve ID: 2297073
    Date Established: May 01, 1995
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 15911
    FDIC's unique #: 55586
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 01, 1995
    Last Structure Change Effective Date: March 31, 2009
    Last Structure Change Process Date: April 02, 2009
    Last Data Update: April 02, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 333 Washington Avenue, Grand Haven, MI 49417
    County: Ottawa
    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): Holland-Grand Haven, MI (#26100)
    CBSA Metro Statistical Area: Holland-Grand Haven, MI (#26100)
  • Financial Summary
  • Total assets: $120.7 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, 2008)

  • Dollar figures in thousands
  • 21Total employees (full-time equivalent)
  • $120,686Total assets
  • $12,735Cash and due from depository institutions
  • $10,117Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $98,895Net loans & leases
  • $4,587Loan loss allowance
  • $0Trading account assets
  • $2,616Bank premises and fixed assets
  • $1,890Other real estate owned
  • $65Goodwill and other intangibles
  • $70Life insurance assets
  • $4,485All other assets
  • $120,686Total liabilities and capital
  • $111,700Total liabilities
  • $109,189Total deposits
  • $98,201Interest-bearing deposits
  • $109,189Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $511All other liabilities
  • $8,986Total equity capital
  • $8,986Total bank equity capital
  • $8,986Perpetual preferred stock
  • $0Common stock
  • $1,250Surplus
  • $10,069Undivided profits
  • Memoranda
  • $-2,333Noncurrent loans and leases
  • $13,434Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $13,036Earning assets
  • $0Long-term assets (5+ years)
  • $405Average Assets, year-to-date
  • $109,012Average Assets, quarterly
  • $2,312Volatile liabilities
  • $126,232Insider loans
  • $118,593FHLB advances
  • $26,544Loans and leases held for sale
  • $0Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $3,562Tier 2 risk-based capital
  • $378Total risk weighted assets
  • $13,434Total unused commitments
  • $0Restructured Loans and leases
  • $1,331Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $6,760Total interest income
  • $3,492Total interest expense
  • $3,268Net interest income
  • $5,617Provision for loan and lease losses
  • $128Total noninterest income
  • $0Fiduciary activities
  • $195Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$67Additional noninterest income
  • $2,845Total noninterest expense
  • $929Salaries and employee benefits
  • $264Premises and equipment expense
  • $1,652Additional noninterest expense
  • -$5,066Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,720Applicable income taxes
  • -$3,346Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,346Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,674Sale, conversion, retirement of capital stock, net
  • $127Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.90%Yield on earning assets
  • 3.05%Cost of funding earning assets
  • 2.85%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • -2.65%Net operating income to assets
  • -2.65%Return on assets (ROA)
  • -4.01%Pretax return on assets
  • -35.71%Return on equity (ROE)
  • -37.07%Retained earnings to average equity (YTD only)
  • 3.24%Net charge-offs to loans
  • 152.89%Credit loss provision to net charge-offs
  • 0.15%Efficiency ratio
  • 83,775Assets per employee
  • 5.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -3.80%Loss allowance to loans
  • 4.43%Loss allowance to noncurrent loans
  • 35.19%Noncurrent assets plus other real estate owned to assets
  • 12.37%Noncurrent loans to loans
  • 12.60%Net loans and leases to deposits
  • 90.57%Net loans and leases to core deposits
  • 118.23%Equity capital to assets
  • 7.45%Core capital (leverage) ratio
  • 7.26%Tier 1 risk-based capital ratio
  • 8.26%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $126,232Average earning assets
  • $9,369Average equity
  • $114,569Average loans

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

CAPTCHA

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