Churubusco State Bank in Churubusco, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 20, 1998

  • Churubusco State Bank in Churubusco, Indiana (IN)
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Churubusco State Bank - Overview

  • General
  • FDIC Certificate #: 14717
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National City Bank of Indiana (#4347)
    Federal Reserve ID: 56744
    Date Established: January 12, 1928
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 9206
    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: August 30, 1934
    Last Structure Change Effective Date: November 20, 1998
    Last Structure Change Process Date: Febuary 05, 1999
    Last Data Update: Febuary 05, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: North Line Street, Churubusco, IN 46723
    County: Whitley
    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): Fort Wayne, IN (#2760)
    Combined Statistical Area (CSA): Fort Wayne-Huntington-Auburn, IN (#258)
    Core Based Statistical Area (CBSA): Fort Wayne, IN (#23060)
    CBSA Metro Statistical Area: Fort Wayne, IN (#23060)
  • Financial Summary
  • Total assets: $84.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $84,303Total assets
  • $1,541Cash and due from depository institutions
  • $0Interest-bearing balances
  • $33,829Securities
  • $3,800Federal funds sold & reverse repurchase agreements
  • $42,976Net loans & leases
  • $872Loan loss allowance
  • $0Trading account assets
  • $860Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,297All other assets
  • $84,303Total liabilities and capital
  • $77,699Total liabilities
  • $76,739Total deposits
  • $70,157Interest-bearing deposits
  • $76,739Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $272Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $688All other liabilities
  • $6,604Total equity capital
  • $6,604Total bank equity capital
  • $6,604Perpetual preferred stock
  • $0Common stock
  • $450Surplus
  • $1,550Undivided profits
  • Memoranda
  • $4,604Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $74Earning assets
  • $0Long-term assets (5+ years)
  • $338Average Assets, year-to-date
  • $80,605Average Assets, quarterly
  • $17,736Volatile liabilities
  • $83,807Insider loans
  • $84,833FHLB advances
  • $5,772Loans and leases held for sale
  • $819Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,671Total unused commitments
  • $0Restructured Loans and leases
  • $43,706Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $6,265Total interest income
  • $3,286Total interest expense
  • $2,979Net interest income
  • $0Provision for loan and lease losses
  • $362Total noninterest income
  • $0Fiduciary activities
  • $195Service charges on deposit accounts
  • $0Trading account gains & fees
  • $167Additional noninterest income
  • $1,686Total noninterest expense
  • $933Salaries and employee benefits
  • $201Premises and equipment expense
  • $552Additional noninterest expense
  • $1,655Pre-tax net operating income
  • $7Securities gains (losses)
  • $624Applicable income taxes
  • $1,038Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,038Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $29Sale, conversion, retirement of capital stock, net
  • $800Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.88%Yield on earning assets
  • 4.14%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 2.12%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 1.98%Pretax return on assets
  • 16.29%Return on equity (ROE)
  • 3.74%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 57.07%Efficiency ratio
  • 50,464Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.07%Loss allowance to loans
  • 1.99%Loss allowance to noncurrent loans
  • 1178.38%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 56.00%Net loans and leases to core deposits
  • 60.33%Equity capital to assets
  • 7.83%Core capital (leverage) ratio
  • 7.44%Tier 1 risk-based capital ratio
  • 14.62%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $83,807Average earning assets
  • $6,372Average equity
  • $79,458Average loans

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