Old Kent Bank of Gaylord in Gaylord, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1995

Old Kent Bank of Gaylord in Gaylord, Michigan (MI)
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Old Kent Bank of Gaylord - Overview

General
FDIC Certificate #: 14458
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Fifth Third Bank (#993)
Federal Reserve ID: 862842
Date Established: March 04, 1893
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 9033
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: July 02, 1934
Last Structure Change Effective Date: January 01, 1995
Last Structure Change Process Date: Febuary 06, 1995
Last Data Update: Febuary 06, 1995
Data Source Date: April 05, 2012
Location
Address: 123 West Main Street, Gaylord, MI 49735
County: Otsego
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: $171.4 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)
$69Total assets
$171,372Cash and due from depository institutions
$3,699Interest-bearing balances
$0Securities
$65,986Federal funds sold & reverse repurchase agreements
$1,500Net loans & leases
$95,935Loan loss allowance
$1,872Trading account assets
$0Bank premises and fixed assets
$1,619Other real estate owned
$15Goodwill and other intangibles
$2,618Life insurance assets
$0All other assets
$0Total liabilities and capital
$171,372Total liabilities
$159,901Total deposits
$155,144Interest-bearing deposits
$133,045Deposits held in domestic offices
155144.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$4,064Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$693Total equity capital
$693Total bank equity capital
$11,471Perpetual preferred stock
$0Common stock
$1,500Surplus
$3,500Undivided profits
Memoranda
$6,471Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$488Income earned, not collected on loans
$563Earning assets
$163,421Long-term assets (5+ years)
$22,136Average Assets, year-to-date
$163,234Average Assets, quarterly
$168,151Volatile liabilities
$14,761Insider loans
$3,087FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$12,468Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$11,602Total risk weighted assets
$99,322Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$12,677Total interest expense
$4,340Net interest income
$8,337Provision for loan and lease losses
$110Total noninterest income
$1,442Fiduciary activities
$0Service charges on deposit accounts
$566Trading account gains & fees
$0Additional noninterest income
$876Total noninterest expense
$4,612Salaries and employee benefits
$1,906Premises and equipment expense
$358Additional noninterest expense
$2,348Pre-tax net operating income
$5,057Securities gains (losses)
-$45Applicable income taxes
$1,718Income before extraordinary items
$3,294Extraordinary gains - net
$0Net income attributable to bank
$3,294Net charge-offs
$23Cash dividends
$2,100Sale, 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
8.08%Cost of funding earning assets
2.77%Net interest margin
5.31%Noninterest income to earning assets
0.92%Noninterest expense to earning assets
2.94%Net operating income to assets
2.04%Return on assets (ROA)
2.02%Pretax return on assets
3.07%Return on equity (ROE)
30.76%Retained earnings to average equity (YTD only)
11.15%Net charge-offs to loans
0.03%Credit loss provision to net charge-offs
478.26%Efficiency ratio
47,162Assets per employee
2.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.75%Loss allowance to loans
1.91%Loss allowance to noncurrent loans
383.61%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.50%Net loans and leases to deposits
61.84%Net loans and leases to core deposits
66.42%Equity capital to assets
6.69%Core capital (leverage) ratio
6.90%Tier 1 risk-based capital ratio
11.68%Total risk-based capital ratio
Memoranda
$13Average assets
$163,234Average earning assets
$10,710Average equity
$156,880Average loans

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