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- Banks in Michigan (MI)
- The Grant State Bank
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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- Banks in Michigan (MI)
- The Grant State Bank
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