Byron Bank in Byron Center, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 24, 2010

  • Byron Bank in Byron Center, Michigan (MI)
  • Show street view No street view available for this location

Byron Bank - Overview

  • General
  • FDIC Certificate #: 11405
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chemical Bank (#1003)
    Federal Reserve ID: 945941
    Date Established: April 01, 1921
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 14 (Interstate: No)
    OTS Docket #: 9774
    FDIC's unique #: 7281
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 24, 2010
    Last Structure Change Process Date: July 30, 2010
    Last Data Update: July 30, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2445 84th Street, S.W., Byron Center, MI 49315
    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)
  • Financial Summary
  • Total assets: $867.7 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, 2009)

  • Dollar figures in thousands
  • 202Total employees (full-time equivalent)
  • $820,178Total assets
  • $13,995Cash and due from depository institutions
  • $0Interest-bearing balances
  • $79,092Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $685,171Net loans & leases
  • $12,973Loan loss allowance
  • $0Trading account assets
  • $15,078Bank premises and fixed assets
  • $3,961Other real estate owned
  • $260Goodwill and other intangibles
  • $2,682Life insurance assets
  • $22,621All other assets
  • $820,178Total liabilities and capital
  • $751,950Total liabilities
  • $690,887Total deposits
  • $665,496Interest-bearing deposits
  • $690,887Deposits held in domestic offices
  • 86.63%% insured (estimated)
  • $6,450Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $50,432Other borrowed funds
  • $0Subordinated debt
  • $4,181All other liabilities
  • $68,228Total equity capital
  • $68,228Total bank equity capital
  • $68,228Perpetual preferred stock
  • $0Common stock
  • $4,000Surplus
  • $38,000Undivided profits
  • Memoranda
  • $26,228Noncurrent loans and leases
  • $225,418Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,804Earning assets
  • $620Long-term assets (5+ years)
  • $3,586Average Assets, year-to-date
  • $764,263Average Assets, quarterly
  • $124,968Volatile liabilities
  • $833,812Insider loans
  • $829,154FHLB advances
  • $121,824Loans and leases held for sale
  • $615Unused loan commitments
  • $49,399Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,431Total risk weighted assets
  • $225,418Total unused commitments
  • $0Restructured Loans and leases
  • $9,856Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $39,722Total interest income
  • $14,298Total interest expense
  • $25,424Net interest income
  • $10,050Provision for loan and lease losses
  • $8,868Total noninterest income
  • $0Fiduciary activities
  • $3,577Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,291Additional noninterest income
  • $24,721Total noninterest expense
  • $13,217Salaries and employee benefits
  • $3,173Premises and equipment expense
  • $8,331Additional noninterest expense
  • -$479Pre-tax net operating income
  • $620Securities gains (losses)
  • -$678Applicable income taxes
  • $819Income before extraordinary items
  • $0Extraordinary gains - net
  • $819Net income attributable to bank
  • $0Net charge-offs
  • $819Cash dividends
  • $6,207Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 1.83%Cost of funding earning assets
  • 3.26%Net interest margin
  • 1.14%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • 0.02%Net operating income to assets
  • 0.10%Return on assets (ROA)
  • 0.02%Pretax return on assets
  • 1.21%Return on equity (ROE)
  • 1.21%Retained earnings to average equity (YTD only)
  • 0.89%Net charge-offs to loans
  • 161.91%Credit loss provision to net charge-offs
  • 1.54%Efficiency ratio
  • 71,935Assets per employee
  • 4.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 132.32%Noncurrent assets plus other real estate owned to assets
  • 1.68%Noncurrent loans to loans
  • 1.40%Net loans and leases to deposits
  • 99.17%Net loans and leases to core deposits
  • 114.51%Equity capital to assets
  • 8.32%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 9.07%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $833,812Average earning assets
  • $67,580Average equity
  • $780,952Average loans

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