Citizens First State Bank in Hartford City, Indiana (IN)



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Citizens First State Bank
GeneralFDIC Certificate #: 5782
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community First Bank & Trust (#10660)
Federal Reserve ID: 240141
Date Established: March 13, 1893
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 13216
FDIC's unique #: 3944
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: March 05, 2005
Last Structure Change Process Date: April 07, 2005
Last Data Update: April 07, 2005
Data Source Date: April 05, 2012
LocationAddress: 101 West Washington Street, Hartford City, IN 47348
County: Blackford
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
Financial SummaryTotal assets: $94.0 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)44
Total assets$94,034
Cash and due from depository institutions$4,338
Interest-bearing balances$0
Securities$9,711
Federal funds sold & reverse repurchase agreements$5,200
Net loans & leases$69,009
Loan loss allowance $1,113
Trading account assets$0
Bank premises and fixed assets$2,481
Other real estate owned$179
Goodwill and other intangibles$66
All other assets$3,050
Life insurance assets$0
Total liabilities and capital$94,034
Total liabilities$86,213
Total deposits$80,920
Interest-bearing deposits$70,668
Deposits held in domestic offices$80,920
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,945
Trading liabilities$0
Other borrowed funds $2,261
Subordinated debt $0
All other liabilities $1,087
Total equity capital$7,821
Total bank equity capital$7,821
Perpetual preferred stock$7,821
Common stock$0
Surplus$882
Undivided profits $6,232
Memoranda
Noncurrent loans and leases $707
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $13,660
Income earned, not collected on loans $0
Earning assets $1,284
Long-term assets (5+ years) $0
Average Assets, year-to-date $651
Average Assets, quarterly $83,920
Volatile liabilities $17,304
Insider loans $95,003
FHLB advances $94,214
Loans and leases held for sale $7,603
Unused loan commitments $1,051
Tier 1 (core) risk-based capital $2,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $13,660
Restructured Loans and leases $0
Derivatives$1,008
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $4,830
Total interest expense $1,005
Net interest income $3,825
Provision for loan and lease losses $295
Total noninterest income $766
Fiduciary activities $130
Service charges on deposit accounts $370
Trading account gains & fees $0
Additional noninterest income $266
Total noninterest expense $3,549
Salaries and employee benefits $1,785
Premises and equipment expense $333
Additional noninterest expense $1,431
Pre-tax net operating income $747
Securities gains (losses) -$8
Applicable income taxes $309
Income before extraordinary items $430
Extraordinary gains - net $0
Net income attributable to bank $430
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $207
Net operating income $453
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.67%
Cost of funding earning assets 1.18%
Net interest margin 4.49%
Noninterest income to earning assets 0.90%
Noninterest expense to earning assets 4.17%
Net operating income to assets 0.46%
Return on assets (ROA) 0.45%
Pretax return on assets 0.78%
Return on equity (ROE) 5.50%
Retained earnings to average equity (YTD only) -0.29%
Net charge-offs to loans 0.29%
Credit loss provision to net charge-offs 142.51%
Efficiency ratio5.03%
Assets per employee$77,303
Cash dividends to net income (YTD only)2.14%
Condition Ratios (%)
Loss allowance to loans 105.35%
Loss allowance to noncurrent loans 1.59%
Noncurrent assets plus other real estate owned to assets 86.68%
Noncurrent loans to loans 1.56%
Net loans and leases to deposits1.83%
Net loans and leases to core deposits 85.28%
Equity capital to assets 91.37%
Core capital (leverage) ratio 8.32%
Tier 1 risk-based capital ratio 8.39%
Total risk-based capital ratio 9.74%
Memoranda
Average assets$11
Average earning assets$95,003
Average equity $7,820
Average loans $85,178
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Total Fiduciary and Related Assets (December 31, 2004)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$17,882
Number of Accounts1
Personal trust and agency accounts$13,016
Employee benefit-defined contribution accounts$12,564
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$17
Investment management agency accounts$435
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts61
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$4,866
Corporate trust and agency accounts$0
Other fiduciary accounts$426
Fiduciary accounts held in foreign offices$920
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