FDIC Certificate #: 57122 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:German American Bancorp (#17393) Federal Reserve ID: 2975269 Date Established: July 02, 2001 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) FDIC's unique #: 358047 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 02, 2001 Last Structure Change Effective Date: January 01, 2011 Last Structure Change Process Date: Febuary 01, 2011 Last Data Update: Febuary 01, 2011 Data Source Date: April 05, 2012
Location
Address: 4424 Vogel Road, Evansville, IN 47715 County: Vanderburgh 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): Evansville-Henderson, IN-KY (#2440) Core Based Statistical Area (CBSA): Evansville, IN-KY (#21780) CBSA Metro Statistical Area: Evansville, IN-KY (#21780)
Financial Summary
Total assets: $340.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
44Total employees (full-time equivalent)
$339,991Total assets
$43,207Cash and due from depository institutions
$36,586Interest-bearing balances
$29,440Securities
$26,764Federal funds sold & reverse repurchase agreements
$223,542Net loans & leases
$4,108Loan loss allowance
$0Trading account assets
$6,912Bank premises and fixed assets
$1,155Other real estate owned
$0Goodwill and other intangibles
$3,334Life insurance assets
$8,971All other assets
$339,991Total liabilities and capital
$313,283Total liabilities
$302,497Total deposits
$279,206Interest-bearing deposits
$302,497Deposits held in domestic offices
81.84%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$786All other liabilities
$26,708Total equity capital
$26,708Total bank equity capital
$26,708Perpetual preferred stock
$0Common stock
$1Surplus
$23,136Undivided profits
Memoranda
$3,571Noncurrent loans and leases
$45,122Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,618Earning assets
$0Long-term assets (5+ years)
$906Average Assets, year-to-date
$316,332Average Assets, quarterly
$34,858Volatile liabilities
$317,246Insider loans
$332,830FHLB advances
$26,493Loans and leases held for sale
$8,377Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$45,122Total unused commitments
$1,147Restructured Loans and leases
$3,040Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$13,809Total interest income
$4,381Total interest expense
$9,428Net interest income
$1,840Provision for loan and lease losses
$546Total noninterest income
$0Fiduciary activities
$309Service charges on deposit accounts
$0Trading account gains & fees
$237Additional noninterest income
$7,247Total noninterest expense
$3,713Salaries and employee benefits
$693Premises and equipment expense
$2,841Additional noninterest expense
$887Pre-tax net operating income
$0Securities gains (losses)
$256Applicable income taxes
$631Income before extraordinary items
$0Extraordinary gains - net
$631Net income attributable to bank
$0Net charge-offs
$631Cash dividends
$2,249Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.66%Yield on earning assets
1.48%Cost of funding earning assets
3.18%Net interest margin
0.18%Noninterest income to earning assets
2.44%Noninterest expense to earning assets
0.20%Net operating income to assets
0.20%Return on assets (ROA)
0.28%Pretax return on assets
2.09%Return on equity (ROE)
2.09%Retained earnings to average equity (YTD only)
0.91%Net charge-offs to loans
81.81%Credit loss provision to net charge-offs
1.21%Efficiency ratio
72,659Assets per employee
7.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.80%Loss allowance to noncurrent loans
113.54%Noncurrent assets plus other real estate owned to assets
1.40%Noncurrent loans to loans
1.59%Net loans and leases to deposits
73.90%Net loans and leases to core deposits
79.55%Equity capital to assets
7.86%Core capital (leverage) ratio
8.02%Tier 1 risk-based capital ratio
11.05%Total risk-based capital ratio
Memoranda
$12Average assets
$317,246Average earning assets
$30,173Average equity
$296,426Average loans
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