Bedford Federal Savings Bank in Bedford, Indiana (IN)



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Bedford Federal Savings Bank
GeneralFDIC Certificate #: 29024
Status: Active
Federal Reserve ID: 946274
Date Established: July 01, 1934
WWW: http://www.bedfed.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 2781
FDIC's unique #: 41858
Numeric code: 34
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: October 25, 1934
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 1030 15th Street, Bedford, IN 47421
County: Lawrence
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
Core Based Statistical Area (CBSA): Bedford, IN (#13260)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $119.9 mil
Equity capital: $10.1 mil
Deposits held in domestic offices: $104.5 mil
Return on assets (ROA): 0.34% ($0.4 mil)
Quarterly return on assets: 0.47% ($0.6 mil)
Return on Equity (ROE): 4.31% ($0.4 mil)
Quarterly return on equity: 5.79% ($0.6 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.51% ($611.4 mil)
Quarterly Pretax return on assets: 0.72% ($863.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)30
Total assets$119,879
Cash and due from depository institutions$6,974
Interest-bearing balances$6,311
Securities$1,813
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$101,743
Loan loss allowance $582
Trading account assets$0
Bank premises and fixed assets$2,263
Other real estate owned$1,691
Goodwill and other intangibles$0
All other assets$5,395
Life insurance assets$119,879
Total liabilities and capital$109,783
Total liabilities$104,531
Total deposits$96,494
Interest-bearing deposits$104,531
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $252
All other liabilities $10,096
Total equity capital$10,096
Total bank equity capital$10,096
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $10,096
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $980
Earning assets $0
Long-term assets (5+ years) $409
Average Assets, year-to-date $109,867
Average Assets, quarterly $0
Volatile liabilities $123,680
Insider loans $122,388
FHLB advances $78,895
Loans and leases held for sale $119,696
Unused loan commitments $3,231
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,913
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,646
Derivatives$580
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,984
Total interest expense $1,821
Net interest income $4,163
Provision for loan and lease losses $60
Total noninterest income $555
Fiduciary activities $0
Service charges on deposit accounts $45
Trading account gains & fees $0
Additional noninterest income $510
Total noninterest expense $4,033
Salaries and employee benefits $2,267
Premises and equipment expense $886
Additional noninterest expense $880
Pre-tax net operating income $625
Securities gains (losses) $0
Applicable income taxes $199
Income before extraordinary items $426
Extraordinary gains - net $0
Net income attributable to bank $426
Net charge-offs $0
Cash dividends $426
Sale, conversion, retirement of capital stock, net $38
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.27%
Cost of funding earning assets 1.60%
Net interest margin 3.67%
Noninterest income to earning assets 0.49%
Noninterest expense to earning assets 3.55%
Net operating income to assets 0.34%
Return on assets (ROA) 0.34%
Pretax return on assets 0.51%
Return on equity (ROE) 4.31%
Retained earnings to average equity (YTD only) 4.31%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs 157.89%
Efficiency ratio18.03%
Assets per employee$85,481
Cash dividends to net income (YTD only)4.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.57%
Noncurrent assets plus other real estate owned to assets 59.39%
Noncurrent loans to loans 2.23%
Net loans and leases to deposits0.96%
Net loans and leases to core deposits 97.33%
Equity capital to assets 102.70%
Core capital (leverage) ratio 8.42%
Tier 1 risk-based capital ratio 8.28%
Total risk-based capital ratio 12.56%
Memoranda
Average assets$13
Average earning assets$123,680
Average equity $9,880
Average loans $113,480
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2 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041858Bedford Federal Savings Bank1030 15th Street, Bedford, IN 47421July 01, 1934Full Service Brick and Mortar
1518078John Williams Boulevard Branch2955 John Williams Blvd, Bedford, IN 47421October 01, 2009Full Service Brick and Mortar
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