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

This bank is inactive as of Febuary 14, 1997

Clinton State Bank in Clinton, Indiana (IN)
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Clinton State Bank - Overview

General
FDIC Certificate #: 19323
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Merchants National Bank of Terre Haute (#12849)
Federal Reserve ID: 122845
Date Established: December 14, 1964
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 9607
FDIC's unique #: 13135
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: December 14, 1964
Last Structure Change Effective Date: Febuary 14, 1997
Last Structure Change Process Date: May 01, 1997
Last Data Update: May 01, 1997
Data Source Date: April 05, 2012
Location
Address: 407 South Main Street, Clinton, IN 47842
County: Vermillion
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): Terre Haute, IN (#8320)
Core Based Statistical Area (CBSA): Terre Haute, IN (#45460)
CBSA Metro Statistical Area: Terre Haute, IN (#45460)
Financial Summary
Total assets: $60.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$25Total assets
$60,073Cash and due from depository institutions
$2,196Interest-bearing balances
$0Securities
$7,735Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$47,860Loan loss allowance
$531Trading account assets
$0Bank premises and fixed assets
$1,606Other real estate owned
$0Goodwill and other intangibles
$676Life insurance assets
$0All other assets
$0Total liabilities and capital
$60,073Total liabilities
$54,196Total deposits
$52,193Interest-bearing deposits
$45,366Deposits held in domestic offices
52193.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$380Trading liabilities
$0Other borrowed funds
$1,000Subordinated debt
$0All other liabilities
$623Total equity capital
$623Total bank equity capital
$5,877Perpetual preferred stock
$0Common stock
$600Surplus
$1,100Undivided profits
Memoranda
$4,177Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$131Income earned, not collected on loans
$259Earning assets
$55,595Long-term assets (5+ years)
$8,848Average Assets, year-to-date
$61,142Average Assets, quarterly
$60,783Volatile liabilities
$6,159Insider loans
$1,771FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,705Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,864Total risk weighted assets
$40,198Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$4,799Total interest expense
$2,141Net interest income
$2,658Provision for loan and lease losses
$132Total noninterest income
$266Fiduciary activities
$0Service charges on deposit accounts
$159Trading account gains & fees
$0Additional noninterest income
$107Total noninterest expense
$1,530Salaries and employee benefits
$732Premises and equipment expense
$179Additional noninterest expense
$619Pre-tax net operating income
$1,262Securities gains (losses)
$0Applicable income taxes
$465Income before extraordinary items
$797Extraordinary gains - net
$0Net income attributable to bank
$797Net charge-offs
$73Cash dividends
$750Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.36%Cost of funding earning assets
3.73%Net interest margin
4.63%Noninterest income to earning assets
0.46%Noninterest expense to earning assets
2.67%Net operating income to assets
1.30%Return on assets (ROA)
1.30%Pretax return on assets
2.06%Return on equity (ROE)
13.60%Retained earnings to average equity (YTD only)
0.80%Net charge-offs to loans
0.15%Credit loss provision to net charge-offs
180.82%Efficiency ratio
52,326Assets per employee
2.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
94.10%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
405.34%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.27%Net loans and leases to deposits
91.70%Net loans and leases to core deposits
102.02%Equity capital to assets
9.78%Core capital (leverage) ratio
9.57%Tier 1 risk-based capital ratio
14.59%Total risk-based capital ratio
Memoranda
$16Average assets
$61,142Average earning assets
$5,860Average equity
$57,403Average loans

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