Fowler State Bank in Fowler, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Fowler State Bank - Overview

  • General
  • FDIC Certificate #: 1821
    Status: Active
    Federal Reserve ID: 554343
    Bank Holding Company (Regulatory Top Holder): Benton Financial Corporation (RSSDID: 1130762, Location: Fowler, IN)
    Date Established: December 14, 1931
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 9375
    FDIC's unique #: 1211
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    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: 300 East 5th Street, Fowler, IN 47944
    County: Benton
    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): Lafayette-Frankfort, IN (#320)
    Core Based Statistical Area (CBSA): Lafayette, IN (#29140)
    CBSA Metro Statistical Area: Lafayette, IN (#29140)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $132.4 mil
    Equity capital: $17.9 mil
    Deposits held in domestic offices: $91.3 mil
    Return on assets (ROA): 1.25% ($1.6 mil)
    Quarterly return on assets: 1.46% ($1.9 mil)
    Return on Equity (ROE): 9.90% ($1.8 mil)
    Quarterly return on equity: 10.80% ($1.9 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.78% ($2,356.4 mil)
    Quarterly Pretax return on assets: 1.87% ($2,475.6 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
  • 40Total employees (full-time equivalent)
  • $132,383Total assets
  • $5,258Cash and due from depository institutions
  • $156Interest-bearing balances
  • $53,509Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $69,135Net loans & leases
  • $1,821Loan loss allowance
  • $0Trading account assets
  • $633Bank premises and fixed assets
  • $755Other real estate owned
  • $0Goodwill and other intangibles
  • $132,383Life insurance assets
  • $3,093All other assets
  • $114,521Total liabilities and capital
  • $91,274Total liabilities
  • $84,722Total deposits
  • $91,274Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 2000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,500Trading liabilities
  • $0Other borrowed funds
  • $747Subordinated debt
  • $17,862All other liabilities
  • $17,862Total equity capital
  • $17,862Total bank equity capital
  • $0Perpetual preferred stock
  • $1,800Common stock
  • $3,200Surplus
  • $12,862Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $771Income earned, not collected on loans
  • $0Earning assets
  • $1,456Long-term assets (5+ years)
  • $122,800Average Assets, year-to-date
  • $51,261Average Assets, quarterly
  • $132,090Volatile liabilities
  • $130,989Insider loans
  • $90,406FHLB advances
  • $133,047Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,447Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,273Restructured Loans and leases
  • $2,495Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,810Total interest income
  • $1,315Total interest expense
  • $5,495Net interest income
  • $257Provision for loan and lease losses
  • $544Total noninterest income
  • $91Fiduciary activities
  • $299Service charges on deposit accounts
  • $23Trading account gains & fees
  • $131Additional noninterest income
  • $3,809Total noninterest expense
  • $2,256Salaries and employee benefits
  • $409Premises and equipment expense
  • $1,144Additional noninterest expense
  • $1,973Pre-tax net operating income
  • $378Securities gains (losses)
  • $699Applicable income taxes
  • $1,652Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,652Net income attributable to bank
  • $0Net charge-offs
  • $1,652Cash dividends
  • $148Sale, conversion, retirement of capital stock, net
  • $535Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.45%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 4.40%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.78%Pretax return on assets
  • 9.90%Return on equity (ROE)
  • 6.69%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 173.65%Credit loss provision to net charge-offs
  • 15.07%Efficiency ratio
  • 63,073Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.38%Loss allowance to loans
  • 2.57%Loss allowance to noncurrent loans
  • 236.19%Noncurrent assets plus other real estate owned to assets
  • 1.15%Noncurrent loans to loans
  • 1.09%Net loans and leases to deposits
  • 75.74%Net loans and leases to core deposits
  • 76.24%Equity capital to assets
  • 13.49%Core capital (leverage) ratio
  • 12.36%Tier 1 risk-based capital ratio
  • 18.19%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $132,090Average earning assets
  • $16,688Average equity
  • $124,907Average 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
  • $56,619Managed Assets
  • 1Number of Accounts
  • $48,156Personal trust and agency accounts
  • $42,813Employee benefit-defined contribution accounts
  • $5,343Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 355Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8,463Other retirement accounts
  • $25Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $8,438Fiduciary accounts held in foreign offices

List of branches

  • 4 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01211Fowler State Bank300 East 5th Street, Fowler, IN 47944December 14, 1931Full Service Brick and Mortar
    1190190Grant Avenue Branch402-406 South Grant Avenue, Fowler, IN 47944August 27, 1975Full Service Brick and Mortar
    2190191Williamsport Branch510 State Road 28, Williamsport, IN 47993January 23, 1991Full Service Brick and Mortar
    4363795Kentland Branch607 E. Lincoln Street, Kentland, IN 47951May 21, 2002Full Service Brick and Mortar

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