Grant County State Bank in Swayzee, Indiana (IN)



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Grant County State Bank routing number info

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Grant County State Bank
GeneralFDIC Certificate #: 15687
Status: Active
Federal Reserve ID: 933340
Bank Holding Company (Regulatory Top Holder): Grant County State Bancshares, Inc, Employees Stock Ownership Plan (RSSDID: 2920830, Location: Swayzee, IN)
Date Established: September 30, 1939
WWW: http://www.grantcostatebank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 9957
Numeric code: 21
Regulator: FDIC
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: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: October 02, 1939
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: 102 North Washington Street, Swayzee, IN 46986
County: Grant
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
Core Based Statistical Area (CBSA): Marion, IN (#31980)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $90.0 mil
Equity capital: $8.5 mil
Deposits held in domestic offices: $81.4 mil
Return on assets (ROA): 1.87% ($1.7 mil)
Quarterly return on assets: 1.97% ($1.8 mil)
Return on Equity (ROE): 20.52% ($1.6 mil)
Quarterly return on equity: 20.85% ($1.7 mil)
Net income: $1.6 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.85% ($1,665.5 mil)
Quarterly Pretax return on assets: 1.97% ($1,773.5 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)18
Total assets$90,027
Cash and due from depository institutions$10,169
Interest-bearing balances$9,318
Securities$11,992
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$63,700
Loan loss allowance $897
Trading account assets$0
Bank premises and fixed assets$1,774
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$2,392
Life insurance assets$90,027
Total liabilities and capital$81,538
Total liabilities$81,357
Total deposits$71,999
Interest-bearing deposits$81,357
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $181
All other liabilities $8,489
Total equity capital$8,489
Total bank equity capital$8,489
Perpetual preferred stock$0
Common stock$220
Surplus$2,100
Undivided profits $6,169
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 $228
Earning assets $0
Long-term assets (5+ years) $533
Average Assets, year-to-date $85,010
Average Assets, quarterly $42,453
Volatile liabilities $86,695
Insider loans $89,335
FHLB advances $56,841
Loans and leases held for sale $90,657
Unused loan commitments $1,347
Tier 1 (core) risk-based capital $1,347
Tier 2 risk-based capital $8,170
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,129
Derivatives$1,126
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,360
Total interest expense $1,163
Net interest income $3,197
Provision for loan and lease losses $171
Total noninterest income $327
Fiduciary activities $6
Service charges on deposit accounts $147
Trading account gains & fees $0
Additional noninterest income $174
Total noninterest expense $1,732
Salaries and employee benefits $816
Premises and equipment expense $295
Additional noninterest expense $621
Pre-tax net operating income $1,621
Securities gains (losses) -$14
Applicable income taxes -$11
Income before extraordinary items $1,618
Extraordinary gains - net $0
Net income attributable to bank $1,618
Net charge-offs $0
Cash dividends $1,618
Sale, conversion, retirement of capital stock, net $170
Net operating income $574
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.35%
Cost of funding earning assets 1.43%
Net interest margin 3.92%
Noninterest income to earning assets 0.40%
Noninterest expense to earning assets 2.12%
Net operating income to assets 1.88%
Return on assets (ROA) 1.87%
Pretax return on assets 1.85%
Return on equity (ROE) 20.52%
Retained earnings to average equity (YTD only) 13.24%
Net charge-offs to loans 0.28%
Credit loss provision to net charge-offs 100.59%
Efficiency ratio10.54%
Assets per employee$49,149
Cash dividends to net income (YTD only)5.00%
Condition Ratios (%)
Loss allowance to loans 35.48%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 393.42%
Noncurrent loans to loans 0.25%
Net loans and leases to deposits0.35%
Net loans and leases to core deposits 78.30%
Equity capital to assets 84.52%
Core capital (leverage) ratio 9.43%
Tier 1 risk-based capital ratio 9.01%
Total risk-based capital ratio 14.37%
Memoranda
Average assets$16
Average earning assets$86,695
Average equity $7,884
Average loans $81,544
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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$4,712
Number of Accounts1
Personal trust and agency accounts$4,712
Employee benefit-defined contribution accounts$4,646
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$8
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$58
Number of Accounts45
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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2 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09957Grant County State Bank102 North Washington Street, Swayzee, IN 46986September 30, 1939Full Service Brick and Mortar
1234964Marion Branch1717 West Kem Road, Marion, IN 46952October 23, 1996Full Service Brick and Mortar
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