Bank One, Lafayette, National Association in Lafayette, Indiana (IN)



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Bank One, Lafayette, National Association
GeneralFDIC Certificate #: 4350
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank One, Indiana, National Association (#4345)
Federal Reserve ID: 340340
Date Established: January 01, 1853
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 8 (Interstate: No)
FDIC's unique #: 2858
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 22, 1997
Last Structure Change Process Date: March 27, 1997
Last Data Update: March 27, 1997
Data Source Date: April 05, 2012
LocationAddress: 201 Main Street, Lafayette, IN 47902
County: Tippecanoe
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): Lafayette, IN (#3920)
Combined Statistical Area (CSA): Lafayette-Frankfort, IN (#320)
Core Based Statistical Area (CBSA): Lafayette, IN (#29140)
CBSA Metro Statistical Area: Lafayette, IN (#29140)
Financial SummaryTotal assets: $979.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$498
Cash and due from depository institutions$979,939
Interest-bearing balances$25,700
Securities$0
Federal funds sold & reverse repurchase agreements$51,382
Net loans & leases$71,566
Loan loss allowance $746,829
Trading account assets$10,491
Bank premises and fixed assets$0
Other real estate owned$9,003
Goodwill and other intangibles$0
All other assets$2,956
Life insurance assets$72,503
Total liabilities and capital$0
Total liabilities$979,939
Total deposits$850,512
Interest-bearing deposits$558,387
Deposits held in domestic offices$438,030
% insured (estimated)558387.00%
Federal funds purchased & repurchase agreements $67
Trading liabilities$246,574
Other borrowed funds $0
Subordinated debt $782
All other liabilities $0
Total equity capital$44,769
Total bank equity capital$44,769
Perpetual preferred stock$129,427
Common stock$0
Surplus$13,800
Undivided profits $13,800
Memoranda
Noncurrent loans and leases $101,827
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,521
Earning assets $6,559
Long-term assets (5+ years) $869,777
Average Assets, year-to-date $94,369
Average Assets, quarterly $1,004,058
Volatile liabilities $1,024,934
Insider loans $302,647
FHLB advances $12,242
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $145,980
Tier 2 risk-based capital $0
Total risk weighted assets $129,508
Total unused commitments $865,629
Restructured Loans and leases $0
Derivatives$716,343
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $105,734
Net interest income $40,534
Provision for loan and lease losses $65,200
Total noninterest income $16,470
Fiduciary activities $86,371
Service charges on deposit accounts $0
Trading account gains & fees $2,604
Additional noninterest income $12
Total noninterest expense $83,755
Salaries and employee benefits $57,806
Premises and equipment expense $14,760
Additional noninterest expense $3,625
Pre-tax net operating income $39,421
Securities gains (losses) $77,295
Applicable income taxes $0
Income before extraordinary items $28,012
Extraordinary gains - net $49,283
Net income attributable to bank $0
Net charge-offs $49,283
Cash dividends $20,709
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 11.47%
Net interest margin 4.40%
Noninterest income to earning assets 7.07%
Noninterest expense to earning assets 9.37%
Net operating income to assets 6.27%
Return on assets (ROA) 4.91%
Pretax return on assets 4.91%
Return on equity (ROE) 7.70%
Retained earnings to average equity (YTD only) 53.11%
Net charge-offs to loans 53.11%
Credit loss provision to net charge-offs 2.43%
Efficiency ratio79.53%
Assets per employee$37,233
Cash dividends to net income (YTD only)1.97%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 297.96%
Noncurrent loans to loans 0.36%
Net loans and leases to deposits0.46%
Net loans and leases to core deposits 133.75%
Equity capital to assets 148.53%
Core capital (leverage) ratio 13.21%
Tier 1 risk-based capital ratio 12.31%
Total risk-based capital ratio 14.96%
Memoranda
Average assets$16
Average earning assets$1,004,058
Average equity $92,788
Average loans $921,599
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