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



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SJS Federal Savings Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)0
Total assets$44
Cash and due from depository institutions$151,163
Interest-bearing balances$3,995
Securities$1,178
Federal funds sold & reverse repurchase agreements$34,231
Net loans & leases$0
Loan loss allowance $108,927
Trading account assets$700
Bank premises and fixed assets$0
Other real estate owned$1,134
Goodwill and other intangibles$75
All other assets$11
Life insurance assets$2,790
Total liabilities and capital$0
Total liabilities$151,163
Total deposits$137,230
Interest-bearing deposits$113,857
Deposits held in domestic offices$108,873
% insured (estimated)113857.00%
Federal funds purchased & repurchase agreements $94
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $22,382
All other liabilities $0
Total equity capital$991
Total bank equity capital$991
Perpetual preferred stock$13,933
Common stock$0
Surplus$5
Undivided profits $4,471
Memoranda
Noncurrent loans and leases $9,457
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $281
Earning assets $772
Long-term assets (5+ years) $144,336
Average Assets, year-to-date $0
Average Assets, quarterly $149,372
Volatile liabilities $151,166
Insider loans $35,798
FHLB advances $761
Loans and leases held for sale $21,888
Unused loan commitments $0
Tier 1 (core) risk-based capital $5,791
Tier 2 risk-based capital $0
Total risk weighted assets $14,292
Total unused commitments $78,380
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $10,938
Net interest income $6,940
Provision for loan and lease losses $3,998
Total noninterest income $159
Fiduciary activities $706
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $706
Salaries and employee benefits $3,714
Premises and equipment expense $1,418
Additional noninterest expense $525
Pre-tax net operating income $1,771
Securities gains (losses) $831
Applicable income taxes -$12
Income before extraordinary items $330
Extraordinary gains - net $489
Net income attributable to bank $0
Net charge-offs $489
Cash dividends $167
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.67%
Net interest margin 4.86%
Noninterest income to earning assets 2.80%
Noninterest expense to earning assets 0.49%
Net operating income to assets 2.60%
Return on assets (ROA) 0.33%
Pretax return on assets 0.33%
Return on equity (ROE) 0.55%
Retained earnings to average equity (YTD only) 3.60%
Net charge-offs to loans 3.60%
Credit loss provision to net charge-offs 0.17%
Efficiency ratio95.21%
Assets per employee$78,954
Cash dividends to net income (YTD only)3.44%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.64%
Noncurrent assets plus other real estate owned to assets 149.11%
Noncurrent loans to loans 0.24%
Net loans and leases to deposits0.26%
Net loans and leases to core deposits 95.67%
Equity capital to assets 108.45%
Core capital (leverage) ratio 9.22%
Tier 1 risk-based capital ratio 9.43%
Total risk-based capital ratio 18.23%
Memoranda
Average assets$19
Average earning assets$149,372
Average equity $13,590
Average loans $142,662
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