FDIC Certificate #: 9114 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Chemical Bank Shoreline (#11394) Federal Reserve ID: 718341 Date Established: January 01, 1896 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 5836 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: January 01, 1934 Last Structure Change Effective Date: August 01, 1998 Last Structure Change Process Date: August 21, 1998 Last Data Update: August 21, 1998 Data Source Date: April 05, 2012
Location
Address: 209 North Paw Paw Street, Coloma, MI 49038 County: Berrien 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): Benton Harbor, MI (#870) Core Based Statistical Area (CBSA): Niles-Benton Harbor, MI (#35660) CBSA Metro Statistical Area: Niles-Benton Harbor, MI (#35660)
Financial Summary
Total assets: $27.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
15Total employees (full-time equivalent)
$28,440Total assets
$1,532Cash and due from depository institutions
$0Interest-bearing balances
$10,966Securities
$2,100Federal funds sold & reverse repurchase agreements
$13,151Net loans & leases
$166Loan loss allowance
$0Trading account assets
$106Bank premises and fixed assets
$41Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$544All other assets
$28,440Total liabilities and capital
$24,651Total liabilities
$24,506Total deposits
$22,192Interest-bearing deposits
$24,506Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$145All other liabilities
$3,789Total equity capital
$3,789Total bank equity capital
$3,789Perpetual preferred stock
$0Common stock
$300Surplus
$1,700Undivided profits
Memoranda
$1,789Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$99Earning assets
$0Long-term assets (5+ years)
$98Average Assets, year-to-date
$26,217Average Assets, quarterly
$3,567Volatile liabilities
$28,875Insider loans
$28,856FHLB advances
$1,985Loans and leases held for sale
$58Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$299Total unused commitments
$0Restructured Loans and leases
$13,155Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,071Total interest income
$890Total interest expense
$1,181Net interest income
$144Provision for loan and lease losses
$94Total noninterest income
$0Fiduciary activities
$56Service charges on deposit accounts
$0Trading account gains & fees
$38Additional noninterest income
$1,044Total noninterest expense
$544Salaries and employee benefits
$57Premises and equipment expense
$443Additional noninterest expense
$87Pre-tax net operating income
-$7Securities gains (losses)
$16Applicable income taxes
$64Income before extraordinary items
$0Extraordinary gains - net
$64Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$308Sale, conversion, retirement of capital stock, net
$81Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.88%Yield on earning assets
3.39%Cost of funding earning assets
4.50%Net interest margin
0.36%Noninterest income to earning assets
3.97%Noninterest expense to earning assets
0.24%Net operating income to assets
0.22%Return on assets (ROA)
0.28%Pretax return on assets
1.70%Return on equity (ROE)
-0.45%Retained earnings to average equity (YTD only)
2.19%Net charge-offs to loans
46.75%Credit loss provision to net charge-offs
0.75%Efficiency ratio
81,882Assets per employee
1.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
126.56%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
167.68%Noncurrent assets plus other real estate owned to assets
0.49%Noncurrent loans to loans
0.74%Net loans and leases to deposits
53.66%Net loans and leases to core deposits
58.39%Equity capital to assets
13.32%Core capital (leverage) ratio
12.99%Tier 1 risk-based capital ratio
28.62%Total risk-based capital ratio
Memoranda
$30Average assets
$28,875Average earning assets
$3,771Average equity
$26,269Average loans
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