Chemical Bank

333 East Main Street
Midland, MI 48640
(800) 867-9757
www.chemicalbankmi.com

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Chemical Bank is headquartered in Midland and is the 3^rd largest bank in the state of Michigan. It is also the 161^st largest bank in the nation. It was established in 1917 and as of March of 2012, it had grown to 1,696 employees at 144 locations. Chemical Bank has a 4-star health rating.

Chemical Bank Routing Number: 072409464

2% 30-Month CD & Raise-Your-Rate CDs At Chemical Bank In Michigan (Forum) - 11/4/2010

Chemical Bank has some competitive rates on its long-term CDs. The ones with terms of 3-years and over also have a step-up feature which provides a one-time option to increase the rate during the initial term. Rates as of 11/04/2010: 2.00% APY 30-month

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See Rates for: Checking | Savings | Money Market | CD | IRA

Chemical Bank Checking Account Rates

	Apy	Min	Max	Product
	0.05%	-	-	Advantage Checking

Chemical Bank Savings Account Rates

	Apy	Min	Max	Product
	0.10%	$10k	$50k	MI Savings Account

Chemical Bank Money Market Rates

Apy	Min	Max	Product
0.15%	$100k	-	Money Market
0.15%	$100k	-	Premier Money Market

Chemical Bank CD Rates

Apy	Min	Max	Product
1.50%	$100	-	60 Month Raise-Your-Rate CD
1.25%	$100	-	48 Month Raise-Your-Rate CD
1.00%	$100	-	36 Month Raise-Your-Rate CD
0.75%	$100	-	30 Month CD
0.65%	$100	-	24 Month CD
0.65%	$100	-	25 Month CD
0.60%	$100	-	18 Month CD
0.50%	$100	-	12 Month Add-On CD
0.50%	$100	-	15 Month CD

Chemical Bank IRA Rates

Apy	Min	Max	Product
1.50%	$100	-	60 Month Raise-Your-Rate IRA
1.25%	$100	-	48 Month Raise-Your-Rate IRA
1.00%	$100	-	36 Month Raise-Your-Rate IRA
0.75%	$100	-	30 Month IRA
0.65%	$100	-	24 Month IRA
0.65%	$100	-	25 Month IRA
0.60%	$100	-	18 Month IRA
0.50%	$100	-	12 Month IRA
0.50%	$100	-	15 Month IRA
0.40%	$100	-	9 Month IRA
0.30%	$100	-	6 Month Variable IRA

Rates updated: 5/24/2012

Data for Q1 2012

Institution Statistics

Chemical Bank
FDIC Certificate #	1003
BankRate Report	View
Year Established	1917
Employees	1696
Primary Regulator	FED
Assets and Liabilities
Assets	$5.44 billion
Loans	$3.78 billion
Deposits	$4.46 billion
Equity Capital	$568.13 million
Loan Loss Allowance	$87.79 million
Unbacked Noncurrent Loans	$81.20 million
Real Estate Owned	$25.63 million
Historic Data - March 2011
Assets	$5.33 billion
Equity Capital	$551.08 million
Loan Loss Allowance	$89.67 million
Unbacked Noncurrent Loans	$107.02 million
Real Estate Owned	$25.85 million
Profit Margin - Quarterly
Net Interest Margin	3.74%
Return on Assets	0.96%
Return on Equity	9.22%
Interest Income	$52.66 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Chemical Bank had $106.83 million in non-current loans and owned real-estate with $655.91 million in equity and loan loss allowances on hand to cover it. This gives Chemical Bank a Texas Ratio of 16.29% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Chemical Bank decreased slightly from 20.87% as of March 31, 2011 to 16.29% as of March 31, 2012, resulting in a positive change of 21.97%.This indicates that the balance sheet and financial strength for Chemical Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Chemical Bank has increased its total deposits by $79.1 million, resulting in 1.8% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Chemical Bank has shown is above average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Chemical Bank has $5.44 billion in assets with $655.91 million in equity, resulting in a capitalization level of 12.05%, which is excellent.