Grand Bank in Grand Rapids, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2003

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

Grand Bank - Overview

  • General
  • FDIC Certificate #: 27035
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Macatawa Bank (#34618)
    Federal Reserve ID: 634348
    Date Established: August 17, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 10989
    FDIC's unique #: 38489
    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: August 17, 1987
    Last Structure Change Effective Date: January 01, 2003
    Last Structure Change Process Date: January 21, 2003
    Last Data Update: January 21, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 126 Ottawa Avenue, N.W., Grand Rapids, MI 49503
    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: $323.7 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, 2002)

  • Dollar figures in thousands
  • 50Total employees (full-time equivalent)
  • $323,737Total assets
  • $14,903Cash and due from depository institutions
  • $196Interest-bearing balances
  • $11,705Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $265,209Net loans & leases
  • $3,564Loan loss allowance
  • $0Trading account assets
  • $1,662Bank premises and fixed assets
  • $0Other real estate owned
  • $27,186Goodwill and other intangibles
  • $0Life insurance assets
  • $3,072All other assets
  • $323,737Total liabilities and capital
  • $276,575Total liabilities
  • $248,598Total deposits
  • $226,384Interest-bearing deposits
  • $248,598Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,405Other borrowed funds
  • $4,500Subordinated debt
  • $3,072All other liabilities
  • $47,162Total equity capital
  • $47,162Total bank equity capital
  • $47,162Perpetual preferred stock
  • $0Common stock
  • $1,718Surplus
  • $43,630Undivided profits
  • Memoranda
  • $1,814Noncurrent loans and leases
  • $81,891Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $967Earning assets
  • $0Long-term assets (5+ years)
  • $882Average Assets, year-to-date
  • $277,110Average Assets, quarterly
  • $25,919Volatile liabilities
  • $299,542Insider loans
  • $318,563FHLB advances
  • $120,395Loans and leases held for sale
  • $5,318Unused loan commitments
  • $14,969Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $15,012Total risk weighted assets
  • $81,891Total unused commitments
  • $109Restructured Loans and leases
  • $7,879Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $11,545Total interest income
  • $4,968Total interest expense
  • $6,577Net interest income
  • $254Provision for loan and lease losses
  • $2,683Total noninterest income
  • $1,487Fiduciary activities
  • $199Service charges on deposit accounts
  • $0Trading account gains & fees
  • $997Additional noninterest income
  • $4,982Total noninterest expense
  • $2,749Salaries and employee benefits
  • $488Premises and equipment expense
  • $1,745Additional noninterest expense
  • $4,024Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,366Applicable income taxes
  • $2,658Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,658Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $154Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 1.88%Cost of funding earning assets
  • 2.48%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 1.88%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 7.52%Return on equity (ROE)
  • 4.69%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 164.94%Credit loss provision to net charge-offs
  • 27.78%Efficiency ratio
  • 49,568Assets per employee
  • 6.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.62%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 368.56%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 106.68%Net loans and leases to core deposits
  • 192.66%Equity capital to assets
  • 14.57%Core capital (leverage) ratio
  • 7.07%Tier 1 risk-based capital ratio
  • 7.77%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $299,542Average earning assets
  • $35,369Average equity
  • $264,936Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $360,310Managed Assets
  • 1Number of Accounts
  • $295,229Personal trust and agency accounts
  • $213,140Employee benefit-defined contribution accounts
  • $5,442Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $40,619Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $36,028Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 466Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $65,081Other retirement accounts
  • $13,090Corporate trust and agency accounts
  • $3,094Other fiduciary accounts
  • $48,897Fiduciary accounts held in foreign offices

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Grand Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents