First Merchants Bank of Central Indiana, National Association in Anderson, Indiana (IN)



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First Merchants Bank of Central Indiana, National Association
GeneralFDIC Certificate #: 8047
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Merchants Bank National Association (#4365)
Federal Reserve ID: 1009541
Date Established: June 25, 1872
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 20 (Interstate: No)
OTS Docket #: 14188
FDIC's unique #: 5120
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 25, 2009
Last Structure Change Process Date: October 14, 2009
Last Data Update: October 14, 2009
Data Source Date: April 05, 2012
LocationAddress: 33 W 1oth St, Anderson, IN 46016
County: Madison
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): Anderson, IN (#11300)
CBSA Metro Statistical Area: Anderson, IN (#11300)
Financial SummaryTotal assets: $1,085.3 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, 2008)
(Dollar figures in thousands)
Total employees (full-time equivalent)66
Total assets$312,570
Cash and due from depository institutions$7,415
Interest-bearing balances$35
Securities$25,502
Federal funds sold & reverse repurchase agreements$2,260
Net loans & leases$264,164
Loan loss allowance $2,743
Trading account assets$0
Bank premises and fixed assets$3,296
Other real estate owned$740
Goodwill and other intangibles$26
All other assets$9,167
Life insurance assets$4,220
Total liabilities and capital$312,570
Total liabilities$286,222
Total deposits$249,834
Interest-bearing deposits$206,844
Deposits held in domestic offices$249,834
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $13,684
Trading liabilities$0
Other borrowed funds $21,500
Subordinated debt $0
All other liabilities $1,204
Total equity capital$26,348
Total bank equity capital$26,348
Perpetual preferred stock$26,348
Common stock$0
Surplus$1,752
Undivided profits $11,055
Memoranda
Noncurrent loans and leases $13,541
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $41,459
Income earned, not collected on loans $0
Earning assets $5,227
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,354
Average Assets, quarterly $291,961
Volatile liabilities $32,391
Insider loans $300,717
FHLB advances $310,062
Loans and leases held for sale $45,642
Unused loan commitments $11,118
Tier 1 (core) risk-based capital $21,500
Tier 2 risk-based capital $10,123
Total risk weighted assets $976
Total unused commitments $41,459
Restructured Loans and leases $0
Derivatives$2,743
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Income and Expense (December 31, 2008)
(Dollar figures in thousands)
Total interest income $18,253
Total interest expense $5,794
Net interest income $12,459
Provision for loan and lease losses $1,400
Total noninterest income $2,046
Fiduciary activities $0
Service charges on deposit accounts $975
Trading account gains & fees $0
Additional noninterest income $1,071
Total noninterest expense $7,200
Salaries and employee benefits $3,394
Premises and equipment expense $688
Additional noninterest expense $3,118
Pre-tax net operating income $5,905
Securities gains (losses) $0
Applicable income taxes $2,250
Income before extraordinary items $3,655
Extraordinary gains - net $0
Net income attributable to bank $3,655
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $1,259
Net operating income $4,350
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Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.47%
Cost of funding earning assets 2.05%
Net interest margin 4.41%
Noninterest income to earning assets 0.72%
Noninterest expense to earning assets 2.55%
Net operating income to assets 1.22%
Return on assets (ROA) 1.22%
Pretax return on assets 1.96%
Return on equity (ROE) 13.62%
Retained earnings to average equity (YTD only) -2.59%
Net charge-offs to loans 0.48%
Credit loss provision to net charge-offs 111.20%
Efficiency ratio5.80%
Assets per employee$49,617
Cash dividends to net income (YTD only)4.74%
Condition Ratios (%)
Loss allowance to loans 119.02%
Loss allowance to noncurrent loans 1.03%
Noncurrent assets plus other real estate owned to assets 52.48%
Noncurrent loans to loans 1.91%
Net loans and leases to deposits1.96%
Net loans and leases to core deposits 105.74%
Equity capital to assets 116.95%
Core capital (leverage) ratio 8.43%
Tier 1 risk-based capital ratio 8.41%
Total risk-based capital ratio 10.33%
Memoranda
Average assets$11
Average earning assets$300,717
Average equity $26,836
Average loans $282,297
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Total Fiduciary and Related Assets (December 31, 2001)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$19,607
Number of Accounts1
Personal trust and agency accounts$19,607
Employee benefit-defined contribution accounts$1,814
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$15,429
Other fiduciary accounts$2,364
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts41
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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