Anderson Banking Company in Anderson, Indiana (IN)



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Anderson Banking Company
GeneralFDIC Certificate #: 13137
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: National City Bank of Indiana (#4347)
Federal Reserve ID: 557344
Date Established: January 30, 1890
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 13 (Interstate: No)
FDIC's unique #: 8308
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: January 01, 1934
Last Structure Change Effective Date: January 30, 1993
Last Structure Change Process Date: Febuary 08, 1993
Last Data Update: Febuary 08, 1993
Data Source Date: April 05, 2012
LocationAddress: 931 Meridian Street, Anderson, IN 46015
County: Madison
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Indianapolis
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Indianapolis, IN (#3480)
Combined Statistical Area (CSA): Indianapolis-Anderson-Columbus, IN (#294)
Core Based Statistical Area (CBSA): Anderson, IN (#11300)
CBSA Metro Statistical Area: Anderson, IN (#11300)
Financial SummaryTotal assets: $374.2 mil
Assets and Liabilities (December 31, 1992)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$159
Cash and due from depository institutions$374,199
Interest-bearing balances$15,655
Securities$0
Federal funds sold & reverse repurchase agreements$76,048
Net loans & leases$80,100
Loan loss allowance $191,475
Trading account assets$2,540
Bank premises and fixed assets$0
Other real estate owned$3,918
Goodwill and other intangibles$136
All other assets$766
Life insurance assets$6,101
Total liabilities and capital$0
Total liabilities$374,199
Total deposits$343,916
Interest-bearing deposits$316,056
Deposits held in domestic offices$272,431
% insured (estimated)316056.00%
Federal funds purchased & repurchase agreements $89
Trading liabilities$23,460
Other borrowed funds $0
Subordinated debt $1,566
All other liabilities $0
Total equity capital$2,834
Total bank equity capital$2,834
Perpetual preferred stock$30,283
Common stock$0
Surplus$4,200
Undivided profits $17,000
Memoranda
Noncurrent loans and leases $9,083
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,847
Earning assets $1,679
Long-term assets (5+ years) $347,623
Average Assets, year-to-date $56,768
Average Assets, quarterly $377,700
Volatile liabilities $369,961
Insider loans $36,598
FHLB advances $0
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $46,160
Tier 2 risk-based capital $0
Total risk weighted assets $29,517
Total unused commitments $215,982
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1992)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $26,566
Net interest income $11,812
Provision for loan and lease losses $14,754
Total noninterest income $885
Fiduciary activities $2,225
Service charges on deposit accounts $153
Trading account gains & fees $1,030
Additional noninterest income $0
Total noninterest expense $1,042
Salaries and employee benefits $9,517
Premises and equipment expense $4,545
Additional noninterest expense $1,526
Pre-tax net operating income $3,446
Securities gains (losses) $6,577
Applicable income taxes $9
Income before extraordinary items $2,275
Extraordinary gains - net $4,311
Net income attributable to bank $0
Net charge-offs $4,311
Cash dividends $739
Sale, conversion, retirement of capital stock, net $1,008
Net operating income $0
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Performance and Condition Ratios (December 31, 1992)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.57%
Net interest margin 3.37%
Noninterest income to earning assets 4.21%
Noninterest expense to earning assets 0.63%
Net operating income to assets 2.71%
Return on assets (ROA) 1.14%
Pretax return on assets 1.14%
Return on equity (ROE) 1.74%
Retained earnings to average equity (YTD only) 15.10%
Net charge-offs to loans 11.57%
Credit loss provision to net charge-offs 0.34%
Efficiency ratio119.76%
Assets per employee$55,787
Cash dividends to net income (YTD only)2.35%
Condition Ratios (%)
Loss allowance to loans 23.38%
Loss allowance to noncurrent loans 1.31%
Noncurrent assets plus other real estate owned to assets 66.03%
Noncurrent loans to loans 1.06%
Net loans and leases to deposits1.98%
Net loans and leases to core deposits 60.58%
Equity capital to assets 62.89%
Core capital (leverage) ratio 8.09%
Tier 1 risk-based capital ratio 7.90%
Total risk-based capital ratio 13.67%
Memoranda
Average assets$15
Average earning assets$377,700
Average equity $28,545
Average loans $350,812
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