Old Kent Bank-Central in city_name, state_name - Detailed Financial Reports, Location

Old Kent Bank-Central in Owosso, Michigan (MI)
Show street view No street view available for this location

Old Kent Bank-Central - Overview

General
FDIC Certificate #: 12906
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Fifth Third Bank (#993)
Federal Reserve ID: 445441
Date Established: January 22, 1891
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 191 (Interstate: No)
FDIC's unique #: 8168
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 01, 1995
Last Structure Change Process Date: Febuary 06, 1995
Last Data Update: Febuary 06, 1995
Data Source Date: April 05, 2012
Location
Address: 123 North Washington Street, Owosso, MI 48867
County: Shiawassee
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Detroit
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Lansing-East Lansing-Owosso, MI (#330)
Core Based Statistical Area (CBSA): Owosso, MI (#37020)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $421.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$165Total assets
$421,345Cash and due from depository institutions
$14,233Interest-bearing balances
$8,000Securities
$148,992Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$246,022Loan loss allowance
$6,538Trading account assets
$0Bank premises and fixed assets
$3,925Other real estate owned
$622Goodwill and other intangibles
$7,121Life insurance assets
$430All other assets
$0Total liabilities and capital
$421,345Total liabilities
$393,674Total deposits
$348,737Interest-bearing deposits
$299,055Deposits held in domestic offices
348737.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$43,177Trading liabilities
$0Other borrowed funds
$65Subordinated debt
$0All other liabilities
$1,695Total equity capital
$1,695Total bank equity capital
$27,671Perpetual preferred stock
$0Common stock
$1,640Surplus
$10,373Undivided profits
Memoranda
$15,658Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,801Income earned, not collected on loans
$1,557Earning assets
$403,014Long-term assets (5+ years)
$71,624Average Assets, year-to-date
$409,123Average Assets, quarterly
$410,745Volatile liabilities
$70,452Insider loans
$11,497FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$77,924Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$28,036Total risk weighted assets
$262,489Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$29,905Total interest expense
$11,348Net interest income
$18,557Provision for loan and lease losses
$1,200Total noninterest income
$3,033Fiduciary activities
$0Service charges on deposit accounts
$1,921Trading account gains & fees
$0Additional noninterest income
$1,112Total noninterest expense
$11,420Salaries and employee benefits
$4,631Premises and equipment expense
$1,340Additional noninterest expense
$5,449Pre-tax net operating income
$8,970Securities gains (losses)
-$62Applicable income taxes
$2,960Income before extraordinary items
$5,948Extraordinary gains - net
$0Net income attributable to bank
$5,948Net charge-offs
$148Cash dividends
$5,000Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.67%Cost of funding earning assets
2.91%Net interest margin
4.76%Noninterest income to earning assets
0.78%Noninterest expense to earning assets
2.93%Net operating income to assets
1.46%Return on assets (ROA)
1.45%Pretax return on assets
2.18%Return on equity (ROE)
21.74%Retained earnings to average equity (YTD only)
3.47%Net charge-offs to loans
0.06%Credit loss provision to net charge-offs
810.81%Efficiency ratio
52,464Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
84.06%Loss allowance to loans
2.59%Loss allowance to noncurrent loans
233.42%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
1.11%Net loans and leases to deposits
70.55%Net loans and leases to core deposits
76.53%Equity capital to assets
6.57%Core capital (leverage) ratio
6.84%Tier 1 risk-based capital ratio
10.68%Total risk-based capital ratio
Memoranda
$12Average assets
$409,123Average earning assets
$27,357Average equity
$390,073Average loans

Old Kent Bank-Central in Owosso, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

Old Kent Bank-Central - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

Old Kent Bank-Central in Owosso, Michigan (MI)Overview, Financial Summary, Detailed Financial Reports, Branches

Old Kent Bank-Central - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

Old Kent Bank-Central in Owosso, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches