Fayette Federal Savings Bank in Connersville, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 10, 1995

Fayette Federal Savings Bank in Connersville, Indiana (IN)
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Fayette Federal Savings Bank - Overview

General
FDIC Certificate #: 29687
Status: Inactive
Closing history: Corrections
Acquiring institution: Home Federal Bank, a Federal Savings Bank (#28308)
Federal Reserve ID: 467078
Date Established: January 01, 1887
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3886
FDIC's unique #: 42521
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: June 22, 1936
Last Structure Change Effective Date: November 10, 1995
Last Structure Change Process Date: January 03, 1996
Last Data Update: January 31, 1996
Data Source Date: April 05, 2012
Location
Address: 628-30 Central Avenue, Connersville, IN 47331
County: Fayette
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
Core Based Statistical Area (CBSA): Connersville, IN (#18220)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $52.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$20Total assets
$54,353Cash and due from depository institutions
$1,098Interest-bearing balances
$833Securities
$6,754Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$45,274Loan loss allowance
$507Trading account assets
$0Bank premises and fixed assets
$382Other real estate owned
$0Goodwill and other intangibles
$641Life insurance assets
$204All other assets
$0Total liabilities and capital
$54,353Total liabilities
$48,216Total deposits
$47,021Interest-bearing deposits
$46,733Deposits held in domestic offices
47021.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,000Subordinated debt
$0All other liabilities
$195Total equity capital
$195Total bank equity capital
$6,137Perpetual preferred stock
$0Common stock
$2Surplus
$1,747Undivided profits
Memoranda
$4,388Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$63Income earned, not collected on loans
$118Earning assets
$52,861Long-term assets (5+ years)
$0Average Assets, year-to-date
$55,579Average Assets, quarterly
$54,754Volatile liabilities
$4,803Insider loans
$160FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$953Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,933Total risk weighted assets
$32,900Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,059Total interest expense
$1,930Net interest income
$2,129Provision for loan and lease losses
$111Total noninterest income
$152Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$152Total noninterest expense
$1,158Salaries and employee benefits
$641Premises and equipment expense
$200Additional noninterest expense
$317Pre-tax net operating income
$1,012Securities gains (losses)
-$26Applicable income taxes
$377Income before extraordinary items
$609Extraordinary gains - net
$0Net income attributable to bank
$609Net charge-offs
$6Cash dividends
$246Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.52%Cost of funding earning assets
3.57%Net interest margin
3.94%Noninterest income to earning assets
0.28%Noninterest expense to earning assets
2.14%Net operating income to assets
1.13%Return on assets (ROA)
1.10%Pretax return on assets
1.77%Return on equity (ROE)
10.04%Retained earnings to average equity (YTD only)
5.98%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
1850.00%Efficiency ratio
50,767Assets per employee
2.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.39%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
804.76%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.14%Net loans and leases to deposits
96.28%Net loans and leases to core deposits
104.76%Equity capital to assets
11.29%Core capital (leverage) ratio
10.96%Tier 1 risk-based capital ratio
18.03%Total risk-based capital ratio
Memoranda
$20Average assets
$55,579Average earning assets
$6,067Average equity
$53,998Average loans

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