SJS Federal Savings Bank in St. Joseph, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 13, 1997

  • SJS Federal Savings Bank in St. Joseph, Michigan (MI)
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SJS Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 30326
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chemical Bank Shoreline (#11394)
    Federal Reserve ID: 112677
    Date Established: January 01, 1916
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5167
    FDIC's unique #: 43160
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: January 11, 1957
    Last Structure Change Effective Date: June 13, 1997
    Last Structure Change Process Date: July 07, 1997
    Last Data Update: July 07, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 State St, St. Joseph, MI 49085
    County: Berrien
    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): Benton Harbor, MI (#870)
    Core Based Statistical Area (CBSA): Niles-Benton Harbor, MI (#35660)
    CBSA Metro Statistical Area: Niles-Benton Harbor, MI (#35660)
  • Financial Summary
  • Total assets: $153.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $44Total assets
  • $151,163Cash and due from depository institutions
  • $3,995Interest-bearing balances
  • $1,178Securities
  • $34,231Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $108,927Loan loss allowance
  • $700Trading account assets
  • $0Bank premises and fixed assets
  • $1,134Other real estate owned
  • $75Goodwill and other intangibles
  • $2,790Life insurance assets
  • $11All other assets
  • $0Total liabilities and capital
  • $151,163Total liabilities
  • $137,230Total deposits
  • $113,857Interest-bearing deposits
  • $108,873Deposits held in domestic offices
  • 113857.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $22,382Subordinated debt
  • $0All other liabilities
  • $991Total equity capital
  • $991Total bank equity capital
  • $13,933Perpetual preferred stock
  • $0Common stock
  • $5Surplus
  • $4,471Undivided profits
  • Memoranda
  • $9,457Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $281Income earned, not collected on loans
  • $772Earning assets
  • $144,336Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $149,372Average Assets, quarterly
  • $151,166Volatile liabilities
  • $35,798Insider loans
  • $761FHLB advances
  • $21,888Loans and leases held for sale
  • $0Unused loan commitments
  • $5,791Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $14,292Total risk weighted assets
  • $78,380Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,938Total interest expense
  • $6,940Net interest income
  • $3,998Provision for loan and lease losses
  • $159Total noninterest income
  • $706Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $706Total noninterest expense
  • $3,714Salaries and employee benefits
  • $1,418Premises and equipment expense
  • $525Additional noninterest expense
  • $1,771Pre-tax net operating income
  • $831Securities gains (losses)
  • -$12Applicable income taxes
  • $330Income before extraordinary items
  • $489Extraordinary gains - net
  • $0Net income attributable to bank
  • $489Net charge-offs
  • $167Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.67%Cost of funding earning assets
  • 4.86%Net interest margin
  • 2.80%Noninterest income to earning assets
  • 0.49%Noninterest expense to earning assets
  • 2.60%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 0.55%Return on equity (ROE)
  • 3.60%Retained earnings to average equity (YTD only)
  • 3.60%Net charge-offs to loans
  • 0.17%Credit loss provision to net charge-offs
  • 95.21%Efficiency ratio
  • 78,954Assets per employee
  • 3.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.64%Loss allowance to noncurrent loans
  • 149.11%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 95.67%Net loans and leases to core deposits
  • 108.45%Equity capital to assets
  • 9.22%Core capital (leverage) ratio
  • 9.43%Tier 1 risk-based capital ratio
  • 18.23%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $149,372Average earning assets
  • $13,590Average equity
  • $142,662Average loans

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