Old Kent Bank-Southwest in Kalamazoo, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1995

  • Old Kent Bank-Southwest in Kalamazoo, Michigan (MI)
  • Show street view No street view available for this location

Old Kent Bank-Southwest - Overview

  • General
  • FDIC Certificate #: 23370
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fifth Third Bank (#993)
    Federal Reserve ID: 267241
    Date Established: April 01, 1981
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 42 (Interstate: No)
    FDIC's unique #: 16385
    Numeric code: 13
    Regulator: FED
    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: April 01, 1981
    Last Structure Change Effective Date: January 01, 1995
    Last Structure Change Process Date: Febuary 07, 1995
    Last Data Update: Febuary 07, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 136 East Michigan Avenue, Kalamazoo, MI 49003
    County: Kalamazoo
    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): Kalamazoo-Battle Creek, MI (#3720)
    Core Based Statistical Area (CBSA): Kalamazoo-Portage, MI (#28020)
    CBSA Metro Statistical Area: Kalamazoo-Portage, MI (#28020)
  • Financial Summary
  • Total assets: $1,208.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $520Total assets
  • $1,208,738Cash and due from depository institutions
  • $58,561Interest-bearing balances
  • $10,000Securities
  • $457,329Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $652,632Loan loss allowance
  • $19,642Trading account assets
  • $0Bank premises and fixed assets
  • $15,627Other real estate owned
  • $1,526Goodwill and other intangibles
  • $23,063Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $1,208,738Total liabilities
  • $1,130,597Total deposits
  • $1,015,395Interest-bearing deposits
  • $852,956Deposits held in domestic offices
  • 1015395.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $72,800Trading liabilities
  • $0Other borrowed funds
  • $35,002Subordinated debt
  • $0All other liabilities
  • $7,400Total equity capital
  • $7,400Total bank equity capital
  • $78,141Perpetual preferred stock
  • $0Common stock
  • $5,663Surplus
  • $32,159Undivided profits
  • Memoranda
  • $40,319Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,004Income earned, not collected on loans
  • $4,036Earning assets
  • $1,119,961Long-term assets (5+ years)
  • $228,661Average Assets, year-to-date
  • $1,240,464Average Assets, quarterly
  • $1,226,798Volatile liabilities
  • $219,944Insider loans
  • $65,247FHLB advances
  • $0Loans and leases held for sale
  • $787Unused loan commitments
  • $262,195Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $85,233Total risk weighted assets
  • $728,652Total unused commitments
  • $0Restructured Loans and leases
  • $65,000Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $86,009Total interest expense
  • $33,253Net interest income
  • $52,756Provision for loan and lease losses
  • $1,200Total noninterest income
  • $10,393Fiduciary activities
  • $0Service charges on deposit accounts
  • $4,914Trading account gains & fees
  • $0Additional noninterest income
  • $5,479Total noninterest expense
  • $35,318Salaries and employee benefits
  • $15,169Premises and equipment expense
  • $3,379Additional noninterest expense
  • $16,770Pre-tax net operating income
  • $26,631Securities gains (losses)
  • -$77Applicable income taxes
  • $9,019Income before extraordinary items
  • $17,535Extraordinary gains - net
  • $0Net income attributable to bank
  • $17,535Net charge-offs
  • -$683Cash dividends
  • $13,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.41%Cost of funding earning assets
  • 2.86%Net interest margin
  • 4.54%Noninterest income to earning assets
  • 0.90%Noninterest expense to earning assets
  • 3.04%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 2.14%Return on equity (ROE)
  • 22.00%Retained earnings to average equity (YTD only)
  • 5.69%Net charge-offs to loans
  • -0.10%Credit loss provision to net charge-offs
  • -175.70%Efficiency ratio
  • 55,928Assets per employee
  • 2.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.14%Loss allowance to loans
  • 2.92%Loss allowance to noncurrent loans
  • 490.56%Noncurrent assets plus other real estate owned to assets
  • 0.46%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 64.27%Net loans and leases to core deposits
  • 72.25%Equity capital to assets
  • 6.46%Core capital (leverage) ratio
  • 7.09%Tier 1 risk-based capital ratio
  • 11.70%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,240,464Average earning assets
  • $79,705Average equity
  • $1,161,132Average loans

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