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

This bank is inactive as of August 01, 1998

  • The State Bank of Coloma in Coloma, Michigan (MI)
  • Show street view No street view available for this location

The State Bank of Coloma - Overview

  • General
  • FDIC Certificate #: 9114
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chemical Bank Shoreline (#11394)
    Federal Reserve ID: 718341
    Date Established: January 01, 1896
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 5836
    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: August 01, 1998
    Last Structure Change Process Date: August 21, 1998
    Last Data Update: August 21, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 209 North Paw Paw Street, Coloma, MI 49038
    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: $27.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $28,440Total assets
  • $1,532Cash and due from depository institutions
  • $0Interest-bearing balances
  • $10,966Securities
  • $2,100Federal funds sold & reverse repurchase agreements
  • $13,151Net loans & leases
  • $166Loan loss allowance
  • $0Trading account assets
  • $106Bank premises and fixed assets
  • $41Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $544All other assets
  • $28,440Total liabilities and capital
  • $24,651Total liabilities
  • $24,506Total deposits
  • $22,192Interest-bearing deposits
  • $24,506Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $145All other liabilities
  • $3,789Total equity capital
  • $3,789Total bank equity capital
  • $3,789Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $1,700Undivided profits
  • Memoranda
  • $1,789Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $99Earning assets
  • $0Long-term assets (5+ years)
  • $98Average Assets, year-to-date
  • $26,217Average Assets, quarterly
  • $3,567Volatile liabilities
  • $28,875Insider loans
  • $28,856FHLB advances
  • $1,985Loans and leases held for sale
  • $58Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $299Total unused commitments
  • $0Restructured Loans and leases
  • $13,155Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $2,071Total interest income
  • $890Total interest expense
  • $1,181Net interest income
  • $144Provision for loan and lease losses
  • $94Total noninterest income
  • $0Fiduciary activities
  • $56Service charges on deposit accounts
  • $0Trading account gains & fees
  • $38Additional noninterest income
  • $1,044Total noninterest expense
  • $544Salaries and employee benefits
  • $57Premises and equipment expense
  • $443Additional noninterest expense
  • $87Pre-tax net operating income
  • -$7Securities gains (losses)
  • $16Applicable income taxes
  • $64Income before extraordinary items
  • $0Extraordinary gains - net
  • $64Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $308Sale, conversion, retirement of capital stock, net
  • $81Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.88%Yield on earning assets
  • 3.39%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 3.97%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.28%Pretax return on assets
  • 1.70%Return on equity (ROE)
  • -0.45%Retained earnings to average equity (YTD only)
  • 2.19%Net charge-offs to loans
  • 46.75%Credit loss provision to net charge-offs
  • 0.75%Efficiency ratio
  • 81,882Assets per employee
  • 1.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 126.56%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 167.68%Noncurrent assets plus other real estate owned to assets
  • 0.49%Noncurrent loans to loans
  • 0.74%Net loans and leases to deposits
  • 53.66%Net loans and leases to core deposits
  • 58.39%Equity capital to assets
  • 13.32%Core capital (leverage) ratio
  • 12.99%Tier 1 risk-based capital ratio
  • 28.62%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $28,875Average earning assets
  • $3,771Average equity
  • $26,269Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The State Bank of Coloma.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents