FDIC Certificate #: 35270 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Indiana Community Bank (#57037) Federal Reserve ID: 2808808 Date Established: September 09, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 77234 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 09, 1999 Last Structure Change Effective Date: March 19, 2010 Last Structure Change Process Date: April 01, 2010 Last Data Update: April 01, 2010 Data Source Date: April 05, 2012
Location
Address: 303 South Third Street, Elkhart, IN 46516 County: Elkhart 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): Elkhart-Goshen, IN (#2330) Combined Statistical Area (CSA): South Bend-Elkhart-Mishawaka, IN-MI (#515) Core Based Statistical Area (CBSA): Elkhart-Goshen, IN (#21140) CBSA Metro Statistical Area: Elkhart-Goshen, IN (#21140)
Financial Summary
Total assets: $94.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
15Total employees (full-time equivalent)
$94,167Total assets
$20,240Cash and due from depository institutions
$19,209Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$69,119Net loans & leases
$2,364Loan loss allowance
$0Trading account assets
$537Bank premises and fixed assets
$1,534Other real estate owned
$1,228Goodwill and other intangibles
$0Life insurance assets
$1,509All other assets
$94,167Total liabilities and capital
$88,306Total liabilities
$86,860Total deposits
$82,158Interest-bearing deposits
$86,860Deposits held in domestic offices
87.07%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,080Other borrowed funds
$0Subordinated debt
$366All other liabilities
$5,861Total equity capital
$5,861Total bank equity capital
$5,861Perpetual preferred stock
$0Common stock
$3,420Surplus
$4,058Undivided profits
Memoranda
$-1,617Noncurrent loans and leases
$8,680Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,093Earning assets
$303Long-term assets (5+ years)
$204Average Assets, year-to-date
$88,328Average Assets, quarterly
$1,888Volatile liabilities
$99,374Insider loans
$95,359FHLB advances
$28,633Loans and leases held for sale
$5,499Unused loan commitments
$1,080Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,680Total unused commitments
$2,009Restructured Loans and leases
$853Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$4,349Total interest income
$2,033Total interest expense
$2,316Net interest income
$3,548Provision for loan and lease losses
-$80Total noninterest income
$0Fiduciary activities
$131Service charges on deposit accounts
$0Trading account gains & fees
-$211Additional noninterest income
$2,430Total noninterest expense
$808Salaries and employee benefits
$147Premises and equipment expense
$1,475Additional noninterest expense
-$3,742Pre-tax net operating income
$0Securities gains (losses)
-$207Applicable income taxes
-$3,535Income before extraordinary items
$0Extraordinary gains - net
-$3,535Net income attributable to bank
$0Net charge-offs
-$3,535Cash dividends
$2,886Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.69%Yield on earning assets
2.19%Cost of funding earning assets
2.50%Net interest margin
-0.09%Noninterest income to earning assets
2.62%Noninterest expense to earning assets
-3.56%Net operating income to assets
-3.56%Return on assets (ROA)
-3.77%Pretax return on assets
-48.88%Return on equity (ROE)
-48.88%Retained earnings to average equity (YTD only)
3.58%Net charge-offs to loans
122.94%Credit loss provision to net charge-offs
-0.07%Efficiency ratio
108,676Assets per employee
6.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.31%Loss allowance to noncurrent loans
29.21%Noncurrent assets plus other real estate owned to assets
10.22%Noncurrent loans to loans
11.32%Net loans and leases to deposits
79.58%Net loans and leases to core deposits
116.70%Equity capital to assets
6.22%Core capital (leverage) ratio
5.03%Tier 1 risk-based capital ratio
6.94%Total risk-based capital ratio
Memoranda
$8Average assets
$99,374Average earning assets
$7,233Average equity
$92,666Average loans
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