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333 East Main Street
Midland, MI 48640

Chemical Bank is headquartered in Midland and is the 2nd largest bank in the state of Michigan. It is also the 157th largest bank in the nation. It was established in 1917 and as of June of 2014, it had grown to 1,804 employees at 159 locations. Chemical Bank has a A health rating.

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Data for Q2 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Chemical Bank had $71.08 million in non-current loans and owned real-estate with $723.52 million in equity and loan loss allowances on hand to cover it. This gives Chemical Bank a Texas Ratio of 9.82% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Chemical Bank experienced no significant changes from 10.71% as of June 30, 2013 to 9.82% as of June 30, 2014, resulting in a positive change of 8.29%.This indicates that the balance sheet and financial strength for Chemical Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Chemical Bank has increased its total deposits by $420.41 million, resulting in 8.73% 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 excellent.



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 $6.22 billion in assets with $723.52 million in equity, resulting in a capitalization level of 11.63%, which is excellent.

Institution Statistics

FDIC Certificate #1003
Year Established1917
Primary RegulatorFED
Assets and Liabilities
Assets$6.22 billion
Loans$4.83 billion
Deposits$5.23 billion
Equity Capital$645.73 million
Loan Loss Allowance$77.79 million
Unbacked Noncurrent Loans$60.93 million
Real Estate Owned$10.15 million
Historic Data - June 2013
Assets$5.80 billion
Equity Capital$592.60 million
Loan Loss Allowance$82.18 million
Unbacked Noncurrent Loans$60.93 million
Real Estate Owned$13.61 million
Profit Margin - Quarterly
Return on Assets1.02%
Return on Equity10.01%
Interest Income$108.83 million

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Chemical Bank Savings Account Rates

0.05%--MI Savings Account

Chemical Bank Money Market Rates

0.10%$50k-Money Market
0.10%$50k-Premier Money Market

Chemical Bank Checking Account Rates

0.05%--Advantage Checking

Chemical Bank CD Rates

1.20%$100-60 Month Raise-Your-Rate CD
0.90%$100-48 Month Raise-Your-Rate CD
0.65%$100-36 Month Raise-Your-Rate CD
0.55%$100-30 Month CD
0.50%$100-18 Month CD
0.50%$100-24 Month CD
0.50%$100-25 Month CD
0.40%$100-12 Month Add-On CD
0.40%$100-15 Month CD

Chemical Bank IRA Rates

1.20%$100-60 Month Raise-Your-Rate IRA
0.90%$100-48 Month Raise-Your-Rate IRA
0.65%$100-36 Month Raise-Your-Rate IRA
0.55%$100-30 Month IRA
0.55%$100-24 Month IRA
0.50%$100-18 Month IRA
0.50%$100-25 Month IRA
0.40%$100-12 Month IRA
0.40%$100-15 Month IRA
0.25%$100-9 Month IRA
0.15%$100-6 Month Variable IRA

Chemical Bank has 157 locations. Click to view all Chemical Bank locations.