First of America Bank - Northwest Indiana, National Association in La Porte, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 05, 1995

  • First of America Bank - Northwest Indiana, National Association in La Porte, Indiana (IN)
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First of America Bank - Northwest Indiana, National Association - Overview

  • General
  • FDIC Certificate #: 4351
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First of America Bank-Indiana (#13100)
    Federal Reserve ID: 342045
    Date Established: January 01, 1863
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Interstate: No)
    OTS Docket #: 11938
    FDIC's unique #: 2859
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 05, 1995
    Last Structure Change Process Date: May 12, 1995
    Last Data Update: May 12, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 802 Lincolnway, La Porte, IN 46350
    County: La Porte
    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
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Michigan City-La Porte, IN (#33140)
    CBSA Metro Statistical Area: Michigan City-La Porte, IN (#33140)
  • Financial Summary
  • Total assets: $287.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $122Total assets
  • $294,854Cash and due from depository institutions
  • $17,628Interest-bearing balances
  • $19Securities
  • $79,496Federal funds sold & reverse repurchase agreements
  • $30Net loans & leases
  • $188,056Loan loss allowance
  • $1,952Trading account assets
  • $0Bank premises and fixed assets
  • $3,592Other real estate owned
  • $581Goodwill and other intangibles
  • $4,819Life insurance assets
  • $652All other assets
  • $0Total liabilities and capital
  • $294,854Total liabilities
  • $275,581Total deposits
  • $254,003Interest-bearing deposits
  • $218,341Deposits held in domestic offices
  • 254003.00%% insured (estimated)
  • $71Federal funds purchased & repurchase agreements
  • $19,018Trading liabilities
  • $0Other borrowed funds
  • $735Subordinated debt
  • $0All other liabilities
  • $1,825Total equity capital
  • $1,825Total bank equity capital
  • $19,273Perpetual preferred stock
  • $0Common stock
  • $3,755Surplus
  • $7,563Undivided profits
  • Memoranda
  • $7,955Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $366Income earned, not collected on loans
  • $1,715Earning assets
  • $267,601Long-term assets (5+ years)
  • $99,913Average Assets, year-to-date
  • $285,354Average Assets, quarterly
  • $294,961Volatile liabilities
  • $48,309Insider loans
  • $9,421FHLB advances
  • $0Loans and leases held for sale
  • $777Unused loan commitments
  • $35,078Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $18,925Total risk weighted assets
  • $195,798Total unused commitments
  • $0Restructured Loans and leases
  • $488Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $19,975Total interest expense
  • $7,779Net interest income
  • $12,196Provision for loan and lease losses
  • $264Total noninterest income
  • $3,256Fiduciary activities
  • $1,073Service charges on deposit accounts
  • $1,142Trading account gains & fees
  • $0Additional noninterest income
  • $1,041Total noninterest expense
  • $10,216Salaries and employee benefits
  • $3,625Premises and equipment expense
  • $995Additional noninterest expense
  • $5,596Pre-tax net operating income
  • $4,972Securities gains (losses)
  • -$7Applicable income taxes
  • $1,569Income before extraordinary items
  • $3,396Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,396Net charge-offs
  • $463Cash dividends
  • $2,400Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.60%Cost of funding earning assets
  • 2.96%Net interest margin
  • 4.64%Noninterest income to earning assets
  • 1.24%Noninterest expense to earning assets
  • 3.89%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 1.74%Return on equity (ROE)
  • 17.84%Retained earnings to average equity (YTD only)
  • 5.23%Net charge-offs to loans
  • 0.26%Credit loss provision to net charge-offs
  • 57.02%Efficiency ratio
  • 65,623Assets per employee
  • 2.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.67%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 533.33%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 74.04%Net loans and leases to core deposits
  • 83.41%Equity capital to assets
  • 6.54%Core capital (leverage) ratio
  • 6.50%Tier 1 risk-based capital ratio
  • 9.67%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $285,354Average earning assets
  • $19,039Average equity
  • $262,691Average loans

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