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- Banks in Michigan (MI)
- The State Bank of Coloma
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)
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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
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- Banks in Michigan (MI)
- The State Bank of Coloma
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