Chemical Bank Montcalm in Stanton, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2001

Chemical Bank Montcalm in Stanton, Michigan (MI)
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Chemical Bank Montcalm - Overview

General
FDIC Certificate #: 14947
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Chemical Bank West (#26489)
Federal Reserve ID: 329046
Date Established: January 01, 1901
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 70 (Interstate: No)
FDIC's unique #: 9362
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: December 24, 1934
Last Structure Change Effective Date: January 01, 2001
Last Structure Change Process Date: Febuary 05, 2001
Last Data Update: Febuary 05, 2001
Data Source Date: April 05, 2012
Location
Address: 110 East Main, Stanton, MI 48888
County: Montcalm
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
Financial Summary
Total assets: $133.6 mil

1992 - 1999 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, 2000)

Dollar figures in thousands
72Total employees (full-time equivalent)
$133,599Total assets
$6,963Cash and due from depository institutions
$0Interest-bearing balances
$21,779Securities
$4,800Federal funds sold & reverse repurchase agreements
$96,399Net loans & leases
$1,454Loan loss allowance
$0Trading account assets
$1,710Bank premises and fixed assets
$0Other real estate owned
$280Goodwill and other intangibles
$0Life insurance assets
$1,668All other assets
$133,599Total liabilities and capital
$120,539Total liabilities
$117,335Total deposits
$93,896Interest-bearing deposits
$117,335Deposits held in domestic offices
0.00%% insured (estimated)
$2,127Federal funds purchased & repurchase agreements
$0Trading liabilities
$311Other borrowed funds
$0Subordinated debt
$766All other liabilities
$13,060Total equity capital
$13,060Total bank equity capital
$13,060Perpetual preferred stock
$0Common stock
$1,300Surplus
$1,300Undivided profits
Memoranda
$10,460Noncurrent loans and leases
$12,560Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$281Earning assets
$0Long-term assets (5+ years)
$507Average Assets, year-to-date
$122,978Average Assets, quarterly
$14,775Volatile liabilities
$135,563Insider loans
$139,874FHLB advances
$8,867Loans and leases held for sale
$187Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,560Total unused commitments
$0Restructured Loans and leases
$1,044Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$9,700Total interest income
$3,615Total interest expense
$6,085Net interest income
$112Provision for loan and lease losses
$891Total noninterest income
$0Fiduciary activities
$555Service charges on deposit accounts
$0Trading account gains & fees
$336Additional noninterest income
$3,883Total noninterest expense
$2,161Salaries and employee benefits
$540Premises and equipment expense
$1,182Additional noninterest expense
$2,981Pre-tax net operating income
$0Securities gains (losses)
$1,012Applicable income taxes
$1,969Income before extraordinary items
$0Extraordinary gains - net
$1,969Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$44Sale, conversion, retirement of capital stock, net
$2,525Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.77%Yield on earning assets
2.89%Cost of funding earning assets
4.87%Net interest margin
0.71%Noninterest income to earning assets
3.11%Noninterest expense to earning assets
1.45%Net operating income to assets
1.45%Return on assets (ROA)
2.20%Pretax return on assets
14.77%Return on equity (ROE)
-4.17%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
254.55%Credit loss provision to net charge-offs
70.30%Efficiency ratio
53,369Assets per employee
1.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
128.24%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
517.44%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.29%Net loans and leases to deposits
82.16%Net loans and leases to core deposits
86.92%Equity capital to assets
9.78%Core capital (leverage) ratio
9.55%Tier 1 risk-based capital ratio
15.29%Total risk-based capital ratio
Memoranda
$17Average assets
$135,563Average earning assets
$13,332Average equity
$124,896Average loans

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