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

This bank is inactive as of January 01, 1995

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

  • General
  • FDIC Certificate #: 10939
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fifth Third Bank (#993)
    Federal Reserve ID: 872645
    Date Established: September 09, 1905
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 196 (Interstate: No)
    FDIC's unique #: 7003
    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: 36-38 East 8th Street, Holland, MI 49423
    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: $328.2 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)
  • $133Total assets
  • $328,206Cash and due from depository institutions
  • $6,710Interest-bearing balances
  • $0Securities
  • $45,014Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $267,981Loan loss allowance
  • $4,187Trading account assets
  • $0Bank premises and fixed assets
  • $3,739Other real estate owned
  • $290Goodwill and other intangibles
  • $4,472Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $328,206Total liabilities
  • $304,145Total deposits
  • $275,507Interest-bearing deposits
  • $236,412Deposits held in domestic offices
  • 275507.00%% insured (estimated)
  • $72Federal funds purchased & repurchase agreements
  • $26,695Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,943Total equity capital
  • $1,943Total bank equity capital
  • $24,061Perpetual preferred stock
  • $0Common stock
  • $1,100Surplus
  • $7,400Undivided profits
  • Memoranda
  • $15,561Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $953Income earned, not collected on loans
  • $1,378Earning assets
  • $312,995Long-term assets (5+ years)
  • $33,686Average Assets, year-to-date
  • $317,306Average Assets, quarterly
  • $323,083Volatile liabilities
  • $87,981Insider loans
  • $13,175FHLB advances
  • $0Loans and leases held for sale
  • $445Unused loan commitments
  • $97,276Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $24,436Total risk weighted assets
  • $268,130Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $23,609Total interest expense
  • $9,437Net interest income
  • $14,172Provision for loan and lease losses
  • $390Total noninterest income
  • $2,246Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,083Trading account gains & fees
  • $0Additional noninterest income
  • $1,163Total noninterest expense
  • $9,153Salaries and employee benefits
  • $3,967Premises and equipment expense
  • $1,097Additional noninterest expense
  • $4,089Pre-tax net operating income
  • $6,875Securities gains (losses)
  • $19Applicable income taxes
  • $2,302Income before extraordinary items
  • $4,592Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,592Net charge-offs
  • $195Cash dividends
  • $800Sale, 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
  • 7.77%Cost of funding earning assets
  • 3.11%Net interest margin
  • 4.66%Noninterest income to earning assets
  • 0.74%Noninterest expense to earning assets
  • 3.01%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 2.17%Return on equity (ROE)
  • 21.28%Retained earnings to average equity (YTD only)
  • 17.57%Net charge-offs to loans
  • 0.08%Credit loss provision to net charge-offs
  • 200.00%Efficiency ratio
  • 55,750Assets per employee
  • 2.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.42%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 439.35%Noncurrent assets plus other real estate owned to assets
  • 0.38%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 97.27%Net loans and leases to core deposits
  • 125.10%Equity capital to assets
  • 7.33%Core capital (leverage) ratio
  • 7.65%Tier 1 risk-based capital ratio
  • 9.11%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $317,306Average earning assets
  • $21,577Average equity
  • $303,812Average loans

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