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- Banks in Michigan (MI)
- Grand Haven Bank
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)
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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
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- Banks in Michigan (MI)
- Grand Haven Bank
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