First Citizens State Bank in Newport, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 20, 2004

  • First Citizens State Bank in Newport, Indiana (IN)
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First Citizens State Bank - Overview

  • General
  • FDIC Certificate #: 9283
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Financial Bank, National Association (#4382)
    Federal Reserve ID: 76742
    Date Established: January 01, 1905
    WWW: http://www.first-online.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 8947
    FDIC's unique #: 5941
    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: Febuary 20, 2004
    Last Structure Change Process Date: March 12, 2004
    Last Data Update: March 12, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 305 Main Street, Newport, IN 47966
    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: $128.9 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
  • 41Total employees (full-time equivalent)
  • $128,920Total assets
  • $1,019Cash and due from depository institutions
  • $0Interest-bearing balances
  • $47,026Securities
  • $1,300Federal funds sold & reverse repurchase agreements
  • $72,879Net loans & leases
  • $872Loan loss allowance
  • $0Trading account assets
  • $1,305Bank premises and fixed assets
  • $414Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,977All other assets
  • $128,920Total liabilities and capital
  • $114,498Total liabilities
  • $95,303Total deposits
  • $82,307Interest-bearing deposits
  • $95,303Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $18,549Other borrowed funds
  • $0Subordinated debt
  • $646All other liabilities
  • $14,422Total equity capital
  • $14,422Total bank equity capital
  • $14,422Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $4,000Undivided profits
  • Memoranda
  • $10,322Noncurrent loans and leases
  • $4,341Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $533Earning assets
  • $0Long-term assets (5+ years)
  • $760Average Assets, year-to-date
  • $121,205Average Assets, quarterly
  • $44,713Volatile liabilities
  • $126,819Insider loans
  • $127,262FHLB advances
  • $11,984Loans and leases held for sale
  • $160Unused loan commitments
  • $18,468Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,341Total unused commitments
  • $0Restructured Loans and leases
  • $872Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $7,220Total interest income
  • $2,487Total interest expense
  • $4,733Net interest income
  • $510Provision for loan and lease losses
  • $880Total noninterest income
  • $0Fiduciary activities
  • $440Service charges on deposit accounts
  • $0Trading account gains & fees
  • $440Additional noninterest income
  • $2,831Total noninterest expense
  • $1,493Salaries and employee benefits
  • $326Premises and equipment expense
  • $1,012Additional noninterest expense
  • $2,272Pre-tax net operating income
  • $122Securities gains (losses)
  • $702Applicable income taxes
  • $1,692Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,692Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $565Sale, conversion, retirement of capital stock, net
  • $693Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.15%Yield on earning assets
  • 2.12%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 2.41%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 1.89%Pretax return on assets
  • 12.03%Return on equity (ROE)
  • 7.10%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 90.27%Credit loss provision to net charge-offs
  • 4.92%Efficiency ratio
  • 50,436Assets per employee
  • 3.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.96%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 163.60%Noncurrent assets plus other real estate owned to assets
  • 0.73%Noncurrent loans to loans
  • 0.72%Net loans and leases to deposits
  • 76.47%Net loans and leases to core deposits
  • 82.44%Equity capital to assets
  • 11.19%Core capital (leverage) ratio
  • 10.78%Tier 1 risk-based capital ratio
  • 15.89%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $126,819Average earning assets
  • $14,066Average equity
  • $117,473Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,379Managed Assets
  • 1Number of Accounts
  • $1,312Personal trust and agency accounts
  • $879Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $325Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $108Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 51Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,067Other retirement accounts
  • $187Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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