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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