First State Bank of Porter in Porter, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches


First State Bank of Porter - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 32Total employees (full-time equivalent)
  • $161,264Total assets
  • $2,723Cash and due from depository institutions
  • $0Interest-bearing balances
  • $72,630Securities
  • $2,245Federal funds sold & reverse repurchase agreements
  • $74,794Net loans & leases
  • $1,027Loan loss allowance
  • $0Trading account assets
  • $419Bank premises and fixed assets
  • $2,960Other real estate owned
  • $0Goodwill and other intangibles
  • $161,264Life insurance assets
  • $5,493All other assets
  • $144,100Total liabilities and capital
  • $143,169Total liabilities
  • $134,223Total deposits
  • $143,169Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $931Subordinated debt
  • $17,164All other liabilities
  • $17,164Total equity capital
  • $17,164Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,233Surplus
  • $14,831Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,327Income earned, not collected on loans
  • $0Earning assets
  • $884Long-term assets (5+ years)
  • $149,669Average Assets, year-to-date
  • $50,672Average Assets, quarterly
  • $154,283Volatile liabilities
  • $160,154Insider loans
  • $84,714FHLB advances
  • $159,106Loans and leases held for sale
  • $3,740Unused loan commitments
  • $3,740Tier 1 (core) risk-based capital
  • $15,855Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,541Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,278Total interest income
  • $1,924Total interest expense
  • $4,354Net interest income
  • $315Provision for loan and lease losses
  • $518Total noninterest income
  • $11Fiduciary activities
  • $229Service charges on deposit accounts
  • $0Trading account gains & fees
  • $278Additional noninterest income
  • $3,411Total noninterest expense
  • $1,714Salaries and employee benefits
  • $313Premises and equipment expense
  • $1,384Additional noninterest expense
  • $1,146Pre-tax net operating income
  • $73Securities gains (losses)
  • $112Applicable income taxes
  • $1,107Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,107Net income attributable to bank
  • $0Net charge-offs
  • $1,107Cash dividends
  • $186Sale, conversion, retirement of capital stock, net
  • $97Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.05%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.39%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 0.79%Pretax return on assets
  • 7.06%Return on equity (ROE)
  • 6.45%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 169.35%Credit loss provision to net charge-offs
  • 7.85%Efficiency ratio
  • 70,012Assets per employee
  • 5.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.76%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 77.39%Noncurrent assets plus other real estate owned to assets
  • 2.66%Noncurrent loans to loans
  • 1.75%Net loans and leases to deposits
  • 52.24%Net loans and leases to core deposits
  • 57.13%Equity capital to assets
  • 10.64%Core capital (leverage) ratio
  • 9.97%Tier 1 risk-based capital ratio
  • 18.72%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $154,283Average earning assets
  • $15,671Average equity
  • $142,656Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $476Managed Assets
  • 1Number of Accounts
  • $476Personal trust and agency accounts
  • $275Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $201Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 20Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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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