State Bank of Caledonia in Caledonia, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 25, 2004

  • State Bank of Caledonia in Caledonia, Michigan (MI)
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State Bank of Caledonia - Overview

  • General
  • FDIC Certificate #: 9329
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Chemical Bank West (#26489)
    Federal Reserve ID: 703440
    Date Established: June 22, 1904
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    OTS Docket #: 9777
    FDIC's unique #: 5983
    Numeric code: 13
    Regulator: FED
    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: June 25, 2004
    Last Structure Change Process Date: July 20, 2004
    Last Data Update: July 20, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 627 East Main Street, Caledonia, MI 49316
    County: Kent
    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): Grand Rapids-Wyoming, MI (#24340)
    CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
  • History of Changes
  • Merger - Without Assistance
    Office Sold
  • Financial Summary
  • Total assets: $238.5 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2003)

  • Dollar figures in thousands
  • 59Total employees (full-time equivalent)
  • $252,643Total assets
  • $10,468Cash and due from depository institutions
  • $74Interest-bearing balances
  • $14,947Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $182,495Net loans & leases
  • $2,813Loan loss allowance
  • $0Trading account assets
  • $2,506Bank premises and fixed assets
  • $325Other real estate owned
  • $38,118Goodwill and other intangibles
  • $0Life insurance assets
  • $3,784All other assets
  • $252,643Total liabilities and capital
  • $195,547Total liabilities
  • $176,389Total deposits
  • $153,883Interest-bearing deposits
  • $176,389Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $9,200Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,000Other borrowed funds
  • $0Subordinated debt
  • $2,958All other liabilities
  • $57,096Total equity capital
  • $57,096Total bank equity capital
  • $57,096Perpetual preferred stock
  • $0Common stock
  • $1,600Surplus
  • $55,488Undivided profits
  • Memoranda
  • $8Noncurrent loans and leases
  • $33,157Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $534Earning assets
  • $0Long-term assets (5+ years)
  • $792Average Assets, year-to-date
  • $197,516Average Assets, quarterly
  • $16,567Volatile liabilities
  • $216,878Insider loans
  • $231,447FHLB advances
  • $51,884Loans and leases held for sale
  • $3,897Unused loan commitments
  • $7,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $636Total risk weighted assets
  • $33,157Total unused commitments
  • $0Restructured Loans and leases
  • $2,238Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $1,038Total interest income
  • $259Total interest expense
  • $779Net interest income
  • $43Provision for loan and lease losses
  • $95Total noninterest income
  • $0Fiduciary activities
  • $43Service charges on deposit accounts
  • $0Trading account gains & fees
  • $52Additional noninterest income
  • $719Total noninterest expense
  • $262Salaries and employee benefits
  • $50Premises and equipment expense
  • $407Additional noninterest expense
  • $112Pre-tax net operating income
  • $0Securities gains (losses)
  • $151Applicable income taxes
  • -$39Income before extraordinary items
  • $0Extraordinary gains - net
  • -$39Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $254Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.53%Yield on earning assets
  • 0.13%Cost of funding earning assets
  • 0.40%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 0.37%Noninterest expense to earning assets
  • -0.02%Net operating income to assets
  • -0.02%Return on assets (ROA)
  • 0.05%Pretax return on assets
  • -0.14%Return on equity (ROE)
  • -0.14%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 16.93%Credit loss provision to net charge-offs
  • 0.61%Efficiency ratio
  • 83,295Assets per employee
  • 4.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 526.78%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 103.46%Net loans and leases to core deposits
  • 136.49%Equity capital to assets
  • 22.60%Core capital (leverage) ratio
  • 11.16%Tier 1 risk-based capital ratio
  • 11.00%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $216,878Average earning assets
  • $27,774Average equity
  • $194,380Average loans

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