Old Kent Bank of Big Rapids in Big Rapids, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1995

  • Old Kent Bank of Big Rapids in Big Rapids, Michigan (MI)
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Old Kent Bank of Big Rapids - Overview

  • General
  • FDIC Certificate #: 10938
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fifth Third Bank (#993)
    Federal Reserve ID: 931542
    Date Established: January 01, 1901
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 192 (Interstate: No)
    FDIC's unique #: 7002
    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: 101 North Michigan Avenue, Big Rapids, MI 49307
    County: Mecosta
    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
    Core Based Statistical Area (CBSA): Big Rapids, MI (#13660)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $125.0 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)
  • $73Total assets
  • $125,046Cash and due from depository institutions
  • $10,496Interest-bearing balances
  • $4,500Securities
  • $41,164Federal funds sold & reverse repurchase agreements
  • $600Net loans & leases
  • $69,587Loan loss allowance
  • $1,443Trading account assets
  • $0Bank premises and fixed assets
  • $1,154Other real estate owned
  • $30Goodwill and other intangibles
  • $2,015Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $125,046Total liabilities
  • $116,654Total deposits
  • $115,798Interest-bearing deposits
  • $98,139Deposits held in domestic offices
  • 115798.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $267Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $589Total equity capital
  • $589Total bank equity capital
  • $8,392Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $2,500Undivided profits
  • Memoranda
  • $4,392Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $302Income earned, not collected on loans
  • $459Earning assets
  • $115,851Long-term assets (5+ years)
  • $11,407Average Assets, year-to-date
  • $124,342Average Assets, quarterly
  • $124,665Volatile liabilities
  • $3,917Insider loans
  • $942FHLB advances
  • $0Loans and leases held for sale
  • $243Unused loan commitments
  • $9,373Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,591Total risk weighted assets
  • $67,681Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,398Total interest expense
  • $2,986Net interest income
  • $6,412Provision for loan and lease losses
  • $0Total noninterest income
  • $1,176Fiduciary activities
  • $0Service charges on deposit accounts
  • $656Trading account gains & fees
  • $0Additional noninterest income
  • $520Total noninterest expense
  • $4,315Salaries and employee benefits
  • $1,796Premises and equipment expense
  • $415Additional noninterest expense
  • $2,104Pre-tax net operating income
  • $3,273Securities gains (losses)
  • -$27Applicable income taxes
  • $1,061Income before extraordinary items
  • $2,185Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,185Net charge-offs
  • $35Cash dividends
  • $1,700Sale, 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
  • 8.03%Cost of funding earning assets
  • 2.55%Net interest margin
  • 5.48%Noninterest income to earning assets
  • 1.00%Noninterest expense to earning assets
  • 3.68%Net operating income to assets
  • 1.77%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 2.61%Return on equity (ROE)
  • 26.60%Retained earnings to average equity (YTD only)
  • 5.90%Net charge-offs to loans
  • 0.05%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,866Assets per employee
  • 1.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.80%Loss allowance to loans
  • 2.03%Loss allowance to noncurrent loans
  • 477.81%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 60.09%Net loans and leases to core deposits
  • 62.05%Equity capital to assets
  • 6.71%Core capital (leverage) ratio
  • 7.06%Tier 1 risk-based capital ratio
  • 12.69%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $124,342Average earning assets
  • $8,214Average equity
  • $117,106Average loans

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