Citizens State Bank of New Castle, Indiana in New Castle, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens State Bank of New Castle, Indiana - Overview

  • General
  • FDIC Certificate #: 13107
    Status: Active
    Federal Reserve ID: 1000641
    Bank Holding Company (Regulatory Top Holder): Town Financial Corporation (RSSDID: 1200405, Location: Hartford City, IN)
    Date Established: July 03, 1873
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 11537
    FDIC's unique #: 8290
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1238 Broad Street, New Castle, IN 47362
    County: Henry
    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
    Combined Statistical Area (CSA): Indianapolis-Anderson-Columbus, IN (#294)
    Core Based Statistical Area (CBSA): New Castle, IN (#35220)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $259.3 mil
    Equity capital: $25.4 mil
    Deposits held in domestic offices: $232.0 mil
    Return on assets (ROA): 0.35% ($0.9 mil)
    Quarterly return on assets: 0.71% ($1.8 mil)
    Return on Equity (ROE): 3.59% ($0.9 mil)
    Quarterly return on equity: 7.36% ($1.8 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.36% ($933.5 mil)
    Quarterly Pretax return on assets: 0.93% ($2,411.6 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
  • 79Total employees (full-time equivalent)
  • $259,311Total assets
  • $13,802Cash and due from depository institutions
  • $8,176Interest-bearing balances
  • $117,016Securities
  • $1,023Federal funds sold & reverse repurchase agreements
  • $112,890Net loans & leases
  • $3,286Loan loss allowance
  • $0Trading account assets
  • $2,336Bank premises and fixed assets
  • $601Other real estate owned
  • $0Goodwill and other intangibles
  • $259,311Life insurance assets
  • $11,643All other assets
  • $233,885Total liabilities and capital
  • $231,962Total liabilities
  • $221,792Total deposits
  • $231,962Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,017Trading liabilities
  • $0Other borrowed funds
  • $906Subordinated debt
  • $25,426All other liabilities
  • $25,426Total equity capital
  • $25,426Total bank equity capital
  • $0Perpetual preferred stock
  • $1,800Common stock
  • $3,000Surplus
  • $20,626Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $60Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,017Income earned, not collected on loans
  • $0Earning assets
  • $1,218Long-term assets (5+ years)
  • $239,105Average Assets, year-to-date
  • $117,931Average Assets, quarterly
  • $253,742Volatile liabilities
  • $258,847Insider loans
  • $137,507FHLB advances
  • $264,574Loans and leases held for sale
  • $7,800Unused loan commitments
  • $7,800Tier 1 (core) risk-based capital
  • $23,797Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,787Restructured Loans and leases
  • $1,169Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,221Total interest income
  • $1,164Total interest expense
  • $9,057Net interest income
  • $2,673Provision for loan and lease losses
  • $2,656Total noninterest income
  • $195Fiduciary activities
  • $1,375Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,086Additional noninterest income
  • $8,213Total noninterest expense
  • $4,167Salaries and employee benefits
  • $909Premises and equipment expense
  • $3,137Additional noninterest expense
  • $827Pre-tax net operating income
  • $75Securities gains (losses)
  • $17Applicable income taxes
  • $885Income before extraordinary items
  • $0Extraordinary gains - net
  • $885Net income attributable to bank
  • $0Net charge-offs
  • $885Cash dividends
  • $3,454Sale, conversion, retirement of capital stock, net
  • $1,386Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 3.90%Net interest margin
  • 1.14%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 3.59%Return on equity (ROE)
  • -2.03%Retained earnings to average equity (YTD only)
  • 2.89%Net charge-offs to loans
  • 77.39%Credit loss provision to net charge-offs
  • 1.01%Efficiency ratio
  • 70,119Assets per employee
  • 3.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 156.61%Loss allowance to loans
  • 2.83%Loss allowance to noncurrent loans
  • 108.92%Noncurrent assets plus other real estate owned to assets
  • 1.40%Noncurrent loans to loans
  • 2.60%Net loans and leases to deposits
  • 48.67%Net loans and leases to core deposits
  • 52.47%Equity capital to assets
  • 9.81%Core capital (leverage) ratio
  • 8.99%Tier 1 risk-based capital ratio
  • 17.31%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $253,742Average earning assets
  • $24,649Average equity
  • $232,076Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $47,338Managed Assets
  • 1Number of Accounts
  • $33,490Personal trust and agency accounts
  • $17,514Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $12,713Investment management agency accounts
  • $3,210Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $53Non-managed Assets
  • 207Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $13,848Other retirement accounts
  • $2,436Corporate trust and agency accounts
  • $457Other fiduciary accounts
  • $5,326Fiduciary accounts held in foreign offices

List of branches

  • 9 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08290Citizens State Bank Of New Castle, Indiana1238 Broad Street, New Castle, IN 47362July 03, 1873Full Service Brick and Mortar
    1229116Lewisville Branch118 W Main Street, Lewisville, IN 47352August 01, 1933Full Service Brick and Mortar
    3229118Spiceland Branch121 E Main Street, Spiceland, IN 47385January 01, 1935Full Service Brick and Mortar
    4229119Raintree Branch1726 South Memorial Drive, New Castle, IN 47362June 16, 1967Full Service Brick and Mortar
    6229121Drive-In Branch1302 Broad Street, New Castle, IN 47362April 23, 1973Limited Service Facility
    8229123Trojan Plaza120-D South Memorial Drive, New Castle, IN 47362April 19, 1982Full Service Brick and Mortar
    10229125Rushville Branch1802 North Main Street, Rushville, IN 46173November 07, 1988Full Service Brick and Mortar
    11229126Knightstown Branch475 North Mccullum Street, Knightstown, IN 46148January 04, 1990Full Service Brick and Mortar
    13477883Pendleton Branch129 South Pendleton Avenue, Pendleton, IN 46064July 03, 2008Full Service Brick and Mortar

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