First State Bank of Porter in Porter, Indiana (IN)



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First State Bank of Porter routing number info

Table of contents:
First State Bank of Porter
GeneralFDIC Certificate #: 12836
Status: Active
Federal Reserve ID: 87047
Date Established: April 01, 1920
WWW: http://www.porterstatebank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 14516
FDIC's unique #: 8127
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 230 Lincoln Street, Porter, IN 46304
County: Porter
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): Gary, IN (#2960)
Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
Core Based Statistical Division: Gary, IN (#23844)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $161.3 mil
Equity capital: $17.2 mil
Deposits held in domestic offices: $143.2 mil
Return on assets (ROA): 0.72% ($1.2 mil)
Quarterly return on assets: 0.61% ($1.0 mil)
Return on Equity (ROE): 7.06% ($1.2 mil)
Quarterly return on equity: 5.83% ($1.0 mil)
Net income: $1.1 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.79% ($1,274.0 mil)
Quarterly Pretax return on assets: 0.86% ($1,386.9 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)32
Total assets$161,264
Cash and due from depository institutions$2,723
Interest-bearing balances$0
Securities$72,630
Federal funds sold & reverse repurchase agreements$2,245
Net loans & leases$74,794
Loan loss allowance $1,027
Trading account assets$0
Bank premises and fixed assets$419
Other real estate owned$2,960
Goodwill and other intangibles$0
All other assets$5,493
Life insurance assets$161,264
Total liabilities and capital$144,100
Total liabilities$143,169
Total deposits$134,223
Interest-bearing deposits$143,169
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $931
All other liabilities $17,164
Total equity capital$17,164
Total bank equity capital$17,164
Perpetual preferred stock$0
Common stock$100
Surplus$2,233
Undivided profits $14,831
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,327
Earning assets $0
Long-term assets (5+ years) $884
Average Assets, year-to-date $149,669
Average Assets, quarterly $50,672
Volatile liabilities $154,283
Insider loans $160,154
FHLB advances $84,714
Loans and leases held for sale $159,106
Unused loan commitments $3,740
Tier 1 (core) risk-based capital $3,740
Tier 2 risk-based capital $15,855
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,541
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,278
Total interest expense $1,924
Net interest income $4,354
Provision for loan and lease losses $315
Total noninterest income $518
Fiduciary activities $11
Service charges on deposit accounts $229
Trading account gains & fees $0
Additional noninterest income $278
Total noninterest expense $3,411
Salaries and employee benefits $1,714
Premises and equipment expense $313
Additional noninterest expense $1,384
Pre-tax net operating income $1,146
Securities gains (losses) $73
Applicable income taxes $112
Income before extraordinary items $1,107
Extraordinary gains - net $0
Net income attributable to bank $1,107
Net charge-offs $0
Cash dividends $1,107
Sale, conversion, retirement of capital stock, net $186
Net operating income $97
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.40%
Cost of funding earning assets 1.35%
Net interest margin 3.05%
Noninterest income to earning assets 0.36%
Noninterest expense to earning assets 2.39%
Net operating income to assets 0.67%
Return on assets (ROA) 0.72%
Pretax return on assets 0.79%
Return on equity (ROE) 7.06%
Retained earnings to average equity (YTD only) 6.45%
Net charge-offs to loans 0.25%
Credit loss provision to net charge-offs 169.35%
Efficiency ratio7.85%
Assets per employee$70,012
Cash dividends to net income (YTD only)5.04%
Condition Ratios (%)
Loss allowance to loans 8.76%
Loss allowance to noncurrent loans 1.35%
Noncurrent assets plus other real estate owned to assets 77.39%
Noncurrent loans to loans 2.66%
Net loans and leases to deposits1.75%
Net loans and leases to core deposits 52.24%
Equity capital to assets 57.13%
Core capital (leverage) ratio 10.64%
Tier 1 risk-based capital ratio 9.97%
Total risk-based capital ratio 18.72%
Memoranda
Average assets$20
Average earning assets$154,283
Average equity $15,671
Average loans $142,656
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Total Fiduciary and Related Assets (December 31, 2011)
(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$476
Number of Accounts1
Personal trust and agency accounts$476
Employee benefit-defined contribution accounts$275
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$201
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts20
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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3 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08127First State Bank Of Porter230 Lincoln Street, Porter, IN 46304April 01, 1920Full Service Brick and Mortar
1227957Pines Branch4136 West Dunes Highway, The Pines, IN 46360July 27, 1960Full Service Brick and Mortar
2227958Chesterton Branch429 North Calumet Road, Chesterton, IN 46304October 28, 1982Full Service Brick and Mortar
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