Grant County State Bank in Swayzee, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Grant County State Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 18Total employees (full-time equivalent)
  • $90,027Total assets
  • $10,169Cash and due from depository institutions
  • $9,318Interest-bearing balances
  • $11,992Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $63,700Net loans & leases
  • $897Loan loss allowance
  • $0Trading account assets
  • $1,774Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $90,027Life insurance assets
  • $2,392All other assets
  • $81,538Total liabilities and capital
  • $81,357Total liabilities
  • $71,999Total deposits
  • $81,357Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $181Subordinated debt
  • $8,489All other liabilities
  • $8,489Total equity capital
  • $8,489Total bank equity capital
  • $0Perpetual preferred stock
  • $220Common stock
  • $2,100Surplus
  • $6,169Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $228Income earned, not collected on loans
  • $0Earning assets
  • $533Long-term assets (5+ years)
  • $85,010Average Assets, year-to-date
  • $42,453Average Assets, quarterly
  • $86,695Volatile liabilities
  • $89,335Insider loans
  • $56,841FHLB advances
  • $90,657Loans and leases held for sale
  • $1,347Unused loan commitments
  • $1,347Tier 1 (core) risk-based capital
  • $8,170Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,129Restructured Loans and leases
  • $1,126Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,360Total interest income
  • $1,163Total interest expense
  • $3,197Net interest income
  • $171Provision for loan and lease losses
  • $327Total noninterest income
  • $6Fiduciary activities
  • $147Service charges on deposit accounts
  • $0Trading account gains & fees
  • $174Additional noninterest income
  • $1,732Total noninterest expense
  • $816Salaries and employee benefits
  • $295Premises and equipment expense
  • $621Additional noninterest expense
  • $1,621Pre-tax net operating income
  • -$14Securities gains (losses)
  • -$11Applicable income taxes
  • $1,618Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,618Net income attributable to bank
  • $0Net charge-offs
  • $1,618Cash dividends
  • $170Sale, conversion, retirement of capital stock, net
  • $574Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.35%Yield on earning assets
  • 1.43%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 2.12%Noninterest expense to earning assets
  • 1.88%Net operating income to assets
  • 1.87%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 20.52%Return on equity (ROE)
  • 13.24%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 100.59%Credit loss provision to net charge-offs
  • 10.54%Efficiency ratio
  • 49,149Assets per employee
  • 5.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.48%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 393.42%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 78.30%Net loans and leases to core deposits
  • 84.52%Equity capital to assets
  • 9.43%Core capital (leverage) ratio
  • 9.01%Tier 1 risk-based capital ratio
  • 14.37%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $86,695Average earning assets
  • $7,884Average equity
  • $81,544Average 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
  • $4,712Managed Assets
  • 1Number of Accounts
  • $4,712Personal trust and agency accounts
  • $4,646Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $8Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $58Non-managed Assets
  • 45Number 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

  • 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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