Chemical Bank West in Walker, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2006

  • Chemical Bank West in Walker, Michigan (MI)
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Chemical Bank West - Overview

  • General
  • FDIC Certificate #: 26489
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Chemical Bank (#1003)
    Federal Reserve ID: 886343
    Date Established: December 16, 1985
    WWW: http://www.chemicalbankmi.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 33 (Interstate: No)
    FDIC's unique #: 33157
    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 16, 1985
    Last Structure Change Effective Date: January 01, 2006
    Last Structure Change Process Date: Febuary 09, 2006
    Last Data Update: Febuary 09, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2185 Three Mile Road, N.W., Walker, MI 49544
    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: $914.3 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, 2005)

  • Dollar figures in thousands
  • 301Total employees (full-time equivalent)
  • $914,347Total assets
  • $40,421Cash and due from depository institutions
  • $1,031Interest-bearing balances
  • $78,502Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $720,939Net loans & leases
  • $9,005Loan loss allowance
  • $0Trading account assets
  • $8,829Bank premises and fixed assets
  • $2,932Other real estate owned
  • $45,579Goodwill and other intangibles
  • $0Life insurance assets
  • $17,145All other assets
  • $914,347Total liabilities and capital
  • $781,943Total liabilities
  • $674,981Total deposits
  • $586,259Interest-bearing deposits
  • $674,981Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $24,321Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $78,003Other borrowed funds
  • $0Subordinated debt
  • $4,638All other liabilities
  • $132,404Total equity capital
  • $132,404Total bank equity capital
  • $132,404Perpetual preferred stock
  • $0Common stock
  • $2,700Surplus
  • $78,949Undivided profits
  • Memoranda
  • $50,755Noncurrent loans and leases
  • $115,208Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,524Earning assets
  • $0Long-term assets (5+ years)
  • $3,698Average Assets, year-to-date
  • $800,472Average Assets, quarterly
  • $111,957Volatile liabilities
  • $894,469Insider loans
  • $908,311FHLB advances
  • $186,259Loans and leases held for sale
  • $17,106Unused loan commitments
  • $78,003Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,698Total risk weighted assets
  • $115,208Total unused commitments
  • $0Restructured Loans and leases
  • $8,317Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $47,935Total interest income
  • $13,459Total interest expense
  • $34,476Net interest income
  • $1,260Provision for loan and lease losses
  • $7,924Total noninterest income
  • $0Fiduciary activities
  • $5,327Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,597Additional noninterest income
  • $22,923Total noninterest expense
  • $11,763Salaries and employee benefits
  • $3,073Premises and equipment expense
  • $8,087Additional noninterest expense
  • $18,217Pre-tax net operating income
  • -$59Securities gains (losses)
  • $6,372Applicable income taxes
  • $11,786Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,786Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $826Sale, conversion, retirement of capital stock, net
  • $5,400Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.04%Yield on earning assets
  • 1.70%Cost of funding earning assets
  • 4.34%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 9.10%Return on equity (ROE)
  • 4.93%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 152.54%Credit loss provision to net charge-offs
  • 23.58%Efficiency ratio
  • 52,050Assets per employee
  • 3.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.82%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 94.55%Noncurrent assets plus other real estate owned to assets
  • 1.36%Noncurrent loans to loans
  • 1.30%Net loans and leases to deposits
  • 106.81%Net loans and leases to core deposits
  • 128.23%Equity capital to assets
  • 14.48%Core capital (leverage) ratio
  • 10.28%Tier 1 risk-based capital ratio
  • 13.32%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $894,469Average earning assets
  • $129,467Average equity
  • $793,517Average loans

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