First Bank in Morgantown, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 02, 2004

  • First Bank in Morgantown, Indiana (IN)
  • Show street view No street view available for this location

First Bank - Overview

  • General
  • FDIC Certificate #: 9651
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Lincoln Bank (#28617)
    Federal Reserve ID: 939641
    Date Established: January 01, 1900
    WWW: http://www.f1rstbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 13941
    FDIC's unique #: 6172
    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: January 01, 1934
    Last Structure Change Effective Date: August 02, 2004
    Last Structure Change Process Date: September 16, 2004
    Last Data Update: September 16, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 180 Washington Street, Morgantown, IN 46160
    County: Morgan
    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): Indianapolis, IN (#3480)
    Combined Statistical Area (CSA): Indianapolis-Anderson-Columbus, IN (#294)
    Core Based Statistical Area (CBSA): Indianapolis-Carmel, IN (#26900)
    CBSA Metro Statistical Area: Indianapolis-Carmel, IN (#26900)
  • Financial Summary
  • Total assets: $210.7 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, 2003)

  • Dollar figures in thousands
  • 92Total employees (full-time equivalent)
  • $174,974Total assets
  • $2,983Cash and due from depository institutions
  • $8Interest-bearing balances
  • $29,152Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $132,155Net loans & leases
  • $1,513Loan loss allowance
  • $0Trading account assets
  • $3,204Bank premises and fixed assets
  • $467Other real estate owned
  • $32Goodwill and other intangibles
  • $0Life insurance assets
  • $6,981All other assets
  • $174,974Total liabilities and capital
  • $160,638Total liabilities
  • $142,976Total deposits
  • $127,873Interest-bearing deposits
  • $142,976Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $7,024Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,000Other borrowed funds
  • $0Subordinated debt
  • $638All other liabilities
  • $14,336Total equity capital
  • $14,336Total bank equity capital
  • $14,336Perpetual preferred stock
  • $0Common stock
  • $581Surplus
  • $8,761Undivided profits
  • Memoranda
  • $4,994Noncurrent loans and leases
  • $22,568Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $696Earning assets
  • $40Long-term assets (5+ years)
  • $505Average Assets, year-to-date
  • $161,315Average Assets, quarterly
  • $66,913Volatile liabilities
  • $170,986Insider loans
  • $177,662FHLB advances
  • $53,394Loans and leases held for sale
  • $650Unused loan commitments
  • $10,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $699Total risk weighted assets
  • $22,568Total unused commitments
  • $0Restructured Loans and leases
  • $1,513Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $9,706Total interest income
  • $3,010Total interest expense
  • $6,696Net interest income
  • $875Provision for loan and lease losses
  • $2,083Total noninterest income
  • $0Fiduciary activities
  • $453Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,630Additional noninterest income
  • $6,574Total noninterest expense
  • $4,152Salaries and employee benefits
  • $833Premises and equipment expense
  • $1,589Additional noninterest expense
  • $1,330Pre-tax net operating income
  • $294Securities gains (losses)
  • $490Applicable income taxes
  • $1,134Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,134Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $748Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.27%Yield on earning assets
  • 1.94%Cost of funding earning assets
  • 4.32%Net interest margin
  • 1.34%Noninterest income to earning assets
  • 4.24%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 8.10%Return on equity (ROE)
  • 8.10%Retained earnings to average equity (YTD only)
  • 0.60%Net charge-offs to loans
  • 116.98%Credit loss provision to net charge-offs
  • 2.95%Efficiency ratio
  • 74,382Assets per employee
  • 1.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 217.39%Noncurrent assets plus other real estate owned to assets
  • 0.66%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 92.43%Net loans and leases to core deposits
  • 130.07%Equity capital to assets
  • 8.19%Core capital (leverage) ratio
  • 8.43%Tier 1 risk-based capital ratio
  • 9.82%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $170,986Average earning assets
  • $13,998Average equity
  • $154,895Average loans

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