Chemical Bank Thumb Area in Caro, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2001

Chemical Bank Thumb Area in Caro, Michigan (MI)
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Chemical Bank Thumb Area - Overview

General
FDIC Certificate #: 12175
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Chemical Bank (#1003)
Federal Reserve ID: 802745
Date Established: May 04, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Interstate: No)
FDIC's unique #: 7731
Numeric code: 21
Regulator: FDIC
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: January 01, 2001
Last Structure Change Process Date: Febuary 08, 2001
Last Data Update: Febuary 08, 2001
Data Source Date: April 05, 2012
Location
Address: 240 North State Street, Caro, MI 48723
County: Tuscola
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Detroit
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $175.0 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
81Total employees (full-time equivalent)
$174,957Total assets
$6,696Cash and due from depository institutions
$0Interest-bearing balances
$64,880Securities
$14,800Federal funds sold & reverse repurchase agreements
$84,917Net loans & leases
$1,326Loan loss allowance
$0Trading account assets
$1,717Bank premises and fixed assets
$0Other real estate owned
$89Goodwill and other intangibles
$0Life insurance assets
$1,858All other assets
$174,957Total liabilities and capital
$158,379Total liabilities
$153,945Total deposits
$132,396Interest-bearing deposits
$153,945Deposits held in domestic offices
0.00%% insured (estimated)
$3,616Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$818All other liabilities
$16,578Total equity capital
$16,578Total bank equity capital
$16,578Perpetual preferred stock
$0Common stock
$2,000Surplus
$2,000Undivided profits
Memoranda
$12,578Noncurrent loans and leases
$9,363Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$28Earning assets
$0Long-term assets (5+ years)
$624Average Assets, year-to-date
$164,597Average Assets, quarterly
$20,254Volatile liabilities
$173,782Insider loans
$171,609FHLB advances
$17,817Loans and leases held for sale
$213Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$58Total risk weighted assets
$9,363Total unused commitments
$0Restructured Loans and leases
$1,115Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$11,529Total interest income
$5,175Total interest expense
$6,354Net interest income
$52Provision for loan and lease losses
$710Total noninterest income
$0Fiduciary activities
$465Service charges on deposit accounts
$0Trading account gains & fees
$245Additional noninterest income
$4,255Total noninterest expense
$2,541Salaries and employee benefits
$624Premises and equipment expense
$1,090Additional noninterest expense
$2,757Pre-tax net operating income
$2Securities gains (losses)
$779Applicable income taxes
$1,980Income before extraordinary items
$0Extraordinary gains - net
$1,980Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$31Sale, conversion, retirement of capital stock, net
$3,910Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.05%Yield on earning assets
3.16%Cost of funding earning assets
3.88%Net interest margin
0.43%Noninterest income to earning assets
2.60%Noninterest expense to earning assets
1.14%Net operating income to assets
1.14%Return on assets (ROA)
1.59%Pretax return on assets
11.37%Return on equity (ROE)
-11.08%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
167.74%Credit loss provision to net charge-offs
90.61%Efficiency ratio
59,966Assets per employee
2.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
197.47%Loss allowance to loans
1.54%Loss allowance to noncurrent loans
4735.71%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.03%Net loans and leases to deposits
55.16%Net loans and leases to core deposits
60.77%Equity capital to assets
9.48%Core capital (leverage) ratio
9.51%Tier 1 risk-based capital ratio
18.21%Total risk-based capital ratio
Memoranda
$19Average assets
$173,782Average earning assets
$17,415Average equity
$163,574Average loans

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