Chemical Bank

Headquarters

333 West Fort Street, Suite 100
Detroit, MI 48226
See all branch locations →

Phone 800 867 9757

Notable Rates APY Vs.Others
Savings 0.01% 1.05% →
1-Year CD 0.10% 0.95% →
2-Year CD 0.15% 1.05% →
5-Year CD 0.30% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Chemical Bank is an FDIC insured institution located in Detroit, MI. It was founded in 1917 and has approximately $22.46 billion in assets. Customers can open an account at one of its 260 branches.

FDIC Insured Yes
FDIC Certificate # 1003
Date Established 1917
Assets $ 22.46 billion
Loans $ 15.78 billion
Deposits $ 15.90 billion
Capital $ 2.95 billion
 

For a more detailed analysis of Chemical Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 27, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.01% $10,000 $14,999 Learn More
3 Mo CD
0.01% $100,000 $199,999 Learn More
Special: 6 Mo CD
0.50% $100 - Learn More
6 Mo CD
0.01% $10,000 $14,999 Learn More
6 Mo CD
0.01% $100,000 $199,999 Learn More
Special: 10 Mo CD
0.50% $100 - Learn More
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.10% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 Mo CD
0.15% $100,000 $199,999 Learn More
24 Mo CD
0.15% $10,000 $14,999 Learn More
24 Mo CD
0.15% $100,000 $199,999 Learn More
30 Mo CD
0.20% $10,000 $14,999 Learn More
30 Mo CD
0.20% $100,000 $199,999 Learn More
36 Mo CD
0.30% $10,000 $14,999 Learn More
36 Mo CD
0.30% $100,000 $199,999 Learn More
48 Mo CD
0.30% $10,000 $14,999 Learn More
48 Mo CD
0.30% $100,000 $199,999 Learn More
60 Mo CD
0.30% $10,000 $14,999 Learn More
60 Mo CD
0.30% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Special: 6 Mo FIRA
0.50% $100 - Learn MoreShow Less
Special: 10 Mo FIRA
0.50% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 27, 2020

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
5 Year 4.45% 4.09% $461.43
Home Equity Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Chemical Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Chemical Bank Locations


Financial Details

Chemical Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Chemical Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Chemical Bank U.S. Bank Average
4.26% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Chemical Bank had $115,546,000 in non-current loans and $14,996,000 in owned real estate. To cover these potential losses it had $2,945,206,000 in equity and $115,967,000 in loans loss reserves. That gives it a Texas Ratio of 4.26%.

Return on Equity
Chemical Bank U.S. Bank Average
9.98% 7.80%

Chemical Bank has a Return on Equity of 9.98% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Chemical Bank U.S. Bank Average
13.11% 12.68%

Chemical Bank has a Capitalization of 13.11% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Chemical Bank Balance Sheet Analysis

As of June 30, 2019, Chemical Bank had assets of $22,460,247,000, loans of $15,778,955,000, and deposits of $15,900,424,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 512.79 million
Interest-bearing balances $ 312.75 million
Total securities $ 3.94 billion
Federal funds sold and reverse repurchase $ 79.97 million
Net loans and leases $ 15.78 billion
Loan loss allowance $ 115.97 million
Trading account assets $ 69.02 million
Bank premises and fixed assets N.A.
Other real estate owned $ 15.00 million
Goodwill and other intangibles $ 1,219.97 million
All other assets $ 730.81 million
     Total Assets $ 19.52 billion
LIABILITIES
Total deposits $ 15.90 billion
      Interest-bearing deposits $ 11.97 billion
      Deposits held in domestic offices $ 15.90 billion
      % insured (estimated) 59.08%
Federal funds purchased and repurchase agreements $ 326.67 million
Trading liabilities $ 70.71 million
Other borrowed funds $ 2.99 billion
Subordinated debt N.A.
All other liabilities $ 227.17 million
      Total Liabilities $ 19.52 billion
      Shareholders’ Equity $ 2.95 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 435.39 million
Total Interest Expense $ 106.83 million
Net interest income $ 328.56 million
Provision for loan and lease losses $ 9.56 million
Total non interest income $ 57.58 million
Total non interest expense $ 205.55 million
Pre-tax Net Operating Income $ 171.03 million

Bank Loan Profile?

The top three loan types in Chemical Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Michigan, Chemical Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 27.93
Multifamily
Mortgages
3.36
Credit Card Loans 0.00
Consumer Auto Loans 4.78
Small Business Loans 6.62
Construction and Development Loans 7.20
Commercial Real Estate 26.52
Commercial and Industrial Loans 22.68
Farm Loans 0.39

Frequently Asked Questions About Chemical Bank

Branches and Savings

Is Chemical Bank FDIC insured?

Yes. It is covered under FDIC Certificate #1003.

Why does Chemical Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Chemical Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Chemical Bank a commercial bank?

Yes

Where are Chemical Bank locations?

See branch locations nearby.

Is Chemical Bank open on Saturdays?

Is Chemical Bank open on Sundays?

What time does Chemical Bank open?

What time does Chemical Bank close?

Are Chemical Bank ATMs Open 24/7?

Do Chemical Bank ATMs accept cash deposits?

Can Chemical Bank customers use other ATMs?

Do Chemical Bank branches have notaries?

Will Chemical Bank notarize my document?

What address for Chemical Bank should I put for incoming ACH transfers?

Will the Chemical Bank branch print checks?

Do Chemical Bank checks expire?

Does Chemical Bank require US citizenship to open account?

Can Chemical Bank close my account?

Does Chemical Bank Report to credit bureaus?

Does Chemical Bank Use Equifax?

What is Chemical Bank's ACH Routing Number?

What is Chemical Bank's SWIFT code?

Products

Does Chemical Bank offer mortgages?

Compare mortgage rates here.

Does Chemical Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Chemical Bank offer personal loans?

Compare personal loan rates here.

Does Chemical Bank offer student loans?

Will Chemical Bank cash a check?

Will Chemical Bank redeem a savings bond?

Does Chemical Bank cash savings bonds?

Will Chemical Bank cash money orders?

Can Chemical Bank issue a money order?

Does Chemical Bank do currency exchange?

Background on The Bank

Who owns Chemical Bank?

How long has Chemical Bank been around?

Can Chemical Bank transfer to other banks?

Does Chemical Bank have quick pay?

Does Chemical Bank accept rolled coins?

Will Chemical Bank accept loose change?

Where is Chemical Bank headquarters?

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