The Grant State Bank in Grant, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 07, 1996

  • The Grant State Bank in Grant, Michigan (MI)
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The Grant State Bank - Overview

  • General
  • FDIC Certificate #: 5895
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Valley Ridge Bank (#1592)
    Federal Reserve ID: 665445
    Date Established: August 09, 1906
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    OTS Docket #: 12888
    FDIC's unique #: 4021
    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: December 07, 1996
    Last Structure Change Process Date: January 22, 1997
    Last Data Update: January 22, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 West Main Street, Grant, MI 49327
    County: Newaygo
    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
    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)
  • Financial Summary
  • Total assets: $26.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $20Total assets
  • $28,733Cash and due from depository institutions
  • $2,669Interest-bearing balances
  • $10Securities
  • $3,023Federal funds sold & reverse repurchase agreements
  • $2,800Net loans & leases
  • $18,957Loan loss allowance
  • $225Trading account assets
  • $0Bank premises and fixed assets
  • $911Other real estate owned
  • $0Goodwill and other intangibles
  • $373Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $28,733Total liabilities
  • $26,466Total deposits
  • $25,369Interest-bearing deposits
  • $20,876Deposits held in domestic offices
  • 25369.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $800Subordinated debt
  • $0All other liabilities
  • $297Total equity capital
  • $297Total bank equity capital
  • $2,267Perpetual preferred stock
  • $0Common stock
  • $413Surplus
  • $812Undivided profits
  • Memoranda
  • $1,042Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $30Income earned, not collected on loans
  • $229Earning assets
  • $24,790Long-term assets (5+ years)
  • $206Average Assets, year-to-date
  • $26,143Average Assets, quarterly
  • $27,812Volatile liabilities
  • $2,144Insider loans
  • $421FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,214Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,260Total risk weighted assets
  • $19,661Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,249Total interest expense
  • $711Net interest income
  • $1,538Provision for loan and lease losses
  • $62Total noninterest income
  • $222Fiduciary activities
  • $0Service charges on deposit accounts
  • $159Trading account gains & fees
  • $0Additional noninterest income
  • $63Total noninterest expense
  • $1,080Salaries and employee benefits
  • $526Premises and equipment expense
  • $165Additional noninterest expense
  • $389Pre-tax net operating income
  • $618Securities gains (losses)
  • $1Applicable income taxes
  • $218Income before extraordinary items
  • $401Extraordinary gains - net
  • $0Net income attributable to bank
  • $401Net charge-offs
  • $16Cash dividends
  • $64Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.82%Cost of funding earning assets
  • 3.10%Net interest margin
  • 6.72%Noninterest income to earning assets
  • 0.97%Noninterest expense to earning assets
  • 4.72%Net operating income to assets
  • 1.53%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 2.37%Return on equity (ROE)
  • 19.22%Retained earnings to average equity (YTD only)
  • 16.15%Net charge-offs to loans
  • 0.09%Credit loss provision to net charge-offs
  • 387.50%Efficiency ratio
  • 61,364Assets per employee
  • 1.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.96%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 750.00%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 74.73%Net loans and leases to core deposits
  • 78.91%Equity capital to assets
  • 7.89%Core capital (leverage) ratio
  • 8.28%Tier 1 risk-based capital ratio
  • 11.50%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $26,143Average earning assets
  • $2,086Average equity
  • $22,899Average loans

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