FDIC Certificate #: 29717 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:MutualBank (#27744) Federal Reserve ID: 212876 Date Established: July 20, 1936 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3943 FDIC's unique #: 42551 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: July 20, 1936 Last Structure Change Effective Date: December 08, 2000 Last Structure Change Process Date: December 26, 2000 Last Data Update: December 26, 2000 Data Source Date: April 05, 2012
Location
Address: 100 W Third Street, Marion, IN 46952 County: Grant 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): Marion, IN (#31980) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $191.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
46Total employees (full-time equivalent)
$187,806Total assets
$5,588Cash and due from depository institutions
$1,928Interest-bearing balances
$3,074Securities
$0Federal funds sold & reverse repurchase agreements
$160,780Net loans & leases
$2,330Loan loss allowance
$0Trading account assets
$1,780Bank premises and fixed assets
$3,368Other real estate owned
$815Goodwill and other intangibles
$0Life insurance assets
$12,401All other assets
$187,806Total liabilities and capital
$160,313Total liabilities
$131,850Total deposits
$129,176Interest-bearing deposits
$131,850Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$24,326Other borrowed funds
$0Subordinated debt
$4,137All other liabilities
$27,493Total equity capital
$27,493Total bank equity capital
$27,493Perpetual preferred stock
$0Common stock
$0Surplus
$17,362Undivided profits
Memoranda
$10,131Noncurrent loans and leases
$11,507Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,338Earning assets
$0Long-term assets (5+ years)
$813Average Assets, year-to-date
$165,782Average Assets, quarterly
$0Volatile liabilities
$187,759Insider loans
$186,595FHLB advances
$43,187Loans and leases held for sale
$981Unused loan commitments
$24,326Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,507Total unused commitments
$78Restructured Loans and leases
$1,755Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$14,189Total interest income
$7,561Total interest expense
$6,628Net interest income
$669Provision for loan and lease losses
$1,702Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,702Additional noninterest income
$4,766Total noninterest expense
$3,058Salaries and employee benefits
$693Premises and equipment expense
$1,015Additional noninterest expense
$2,895Pre-tax net operating income
$21Securities gains (losses)
$529Applicable income taxes
$2,387Income before extraordinary items
$0Extraordinary gains - net
$2,387Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$179Sale, conversion, retirement of capital stock, net
$5,400Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.45%Yield on earning assets
4.50%Cost of funding earning assets
3.95%Net interest margin
1.01%Noninterest income to earning assets
2.84%Noninterest expense to earning assets
1.26%Net operating income to assets
1.27%Return on assets (ROA)
1.55%Pretax return on assets
8.37%Return on equity (ROE)
-10.57%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
373.74%Credit loss provision to net charge-offs
19.91%Efficiency ratio
55,894Assets per employee
4.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
226.23%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
99.66%Noncurrent assets plus other real estate owned to assets
1.29%Noncurrent loans to loans
1.43%Net loans and leases to deposits
121.94%Net loans and leases to core deposits
142.30%Equity capital to assets
14.64%Core capital (leverage) ratio
14.28%Tier 1 risk-based capital ratio
19.10%Total risk-based capital ratio
Memoranda
$20Average assets
$187,759Average earning assets
$28,507Average equity
$167,937Average loans
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