FDIC Certificate #: 57109 Status: Active Federal Reserve ID: 3029253 Date Established: June 01, 2001 WWW:http://www.everence.com Trust Powers Granted: Yes Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 16425 FDIC's unique #: 357931 Numeric code: 34 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: June 01, 2001 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 1110 North Main Street, Goshen, IN 46527 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)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $5.1 mil Equity capital: $3.8 mil Deposits held in domestic offices: $0.5 mil Return on assets (ROA): -10.48% (-$0.5 mil) Quarterly return on assets: -21.62% (-$1.1 mil) Return on Equity (ROE): -13.82% (-$0.6 mil) Quarterly return on equity: -28.52% (-$1.1 mil) Net income: -$0.5 mil Quarterly Net income: -$0.3 mil Pretax return on assets: -10.41% (-$530.2 mil) Quarterly Pretax return on assets: -21.54% (-$1,097.0 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
17Total employees (full-time equivalent)
$5,093Total assets
$268Cash and due from depository institutions
$0Interest-bearing balances
$3,402Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$5,093Life insurance assets
$1,423All other assets
$1,334Total liabilities and capital
$500Total liabilities
$500Total deposits
$500Interest-bearing deposits
$50Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$834Subordinated debt
$3,759All other liabilities
$3,759Total equity capital
$3,759Total bank equity capital
$0Perpetual preferred stock
$423Common stock
$6,111Surplus
$-2,775Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$11Long-term assets (5+ years)
$3,402Average Assets, year-to-date
$0Average Assets, quarterly
$4,801Volatile liabilities
$5,015Insider loans
$2,137FHLB advances
$4,859Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,525Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$82Total interest income
$4Total interest expense
$78Net interest income
$0Provision for loan and lease losses
$4,423Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$4,423Additional noninterest income
$5,001Total noninterest expense
$2,076Salaries and employee benefits
$1,966Premises and equipment expense
$959Additional noninterest expense
-$500Pre-tax net operating income
$0Securities gains (losses)
$3Applicable income taxes
-$503Income before extraordinary items
$0Extraordinary gains - net
-$503Net income attributable to bank
$0Net charge-offs
-$503Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.54%Yield on earning assets
0.12%Cost of funding earning assets
2.41%Net interest margin
136.77%Noninterest income to earning assets
154.65%Noninterest expense to earning assets
-10.48%Net operating income to assets
-10.48%Return on assets (ROA)
-10.41%Pretax return on assets
-13.82%Return on equity (ROE)
-13.82%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
110,442Assets per employee
0.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
73.81%Core capital (leverage) ratio
72.55%Tier 1 risk-based capital ratio
164.95%Total risk-based capital ratio
Memoranda
$165Average assets
$4,801Average earning assets
$3,640Average equity
$3,234Average 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
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