Griffith Savings Bank in Griffith, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2012

Griffith Savings Bank - Overview

  • General
  • FDIC Certificate #: 29816
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: (#52744)
    Federal Reserve ID: 606073
    Date Established: January 01, 1931
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 4137
    FDIC's unique #: 42650
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Mortgage Lending Specialization
    Date of Deposit Insurance: June 18, 1937
    Last Structure Change Effective Date: January 01, 2012
    Last Structure Change Process Date: January 23, 2012
    Last Data Update: January 23, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 510 N Broad St, Griffith, IN 46319
    County: Lake
    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)
  • Financial Summary
  • Total assets: $85.2 mil
    Equity capital: $7.2 mil
    Deposits held in domestic offices: $69.8 mil
    Return on assets (ROA): 0.33% ($0.3 mil)
    Quarterly return on assets: 1.17% ($1.0 mil)
    Return on Equity (ROE): 4.18% ($0.3 mil)
    Quarterly return on equity: 14.46% ($1.0 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.31% ($264.1 mil)
    Quarterly Pretax return on assets: 1.17% ($996.8 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
  • 16Total employees (full-time equivalent)
  • $85,200Total assets
  • $16,643Cash and due from depository institutions
  • $14,090Interest-bearing balances
  • $3,945Securities
  • $1,258Federal funds sold & reverse repurchase agreements
  • $60,759Net loans & leases
  • $1,570Loan loss allowance
  • $0Trading account assets
  • $468Bank premises and fixed assets
  • $1,055Other real estate owned
  • $0Goodwill and other intangibles
  • $85,200Life insurance assets
  • $1,072All other assets
  • $78,012Total liabilities and capital
  • $69,750Total liabilities
  • $68,884Total deposits
  • $69,750Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,487Trading liabilities
  • $0Other borrowed funds
  • $775Subordinated debt
  • $7,188All other liabilities
  • $7,188Total equity capital
  • $7,188Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $7,188Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,983Income earned, not collected on loans
  • $0Earning assets
  • $297Long-term assets (5+ years)
  • $80,052Average Assets, year-to-date
  • $57,259Average Assets, quarterly
  • $88,401Volatile liabilities
  • $86,860Insider loans
  • $45,094FHLB advances
  • $87,582Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,056Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,239Restructured Loans and leases
  • $363Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,171Total interest income
  • $1,442Total interest expense
  • $2,729Net interest income
  • $37Provision for loan and lease losses
  • $220Total noninterest income
  • $0Fiduciary activities
  • $59Service charges on deposit accounts
  • $0Trading account gains & fees
  • $161Additional noninterest income
  • $2,637Total noninterest expense
  • $1,196Salaries and employee benefits
  • $190Premises and equipment expense
  • $1,251Additional noninterest expense
  • $275Pre-tax net operating income
  • $1Securities gains (losses)
  • -$12Applicable income taxes
  • $288Income before extraordinary items
  • $0Extraordinary gains - net
  • $288Net income attributable to bank
  • $0Net charge-offs
  • $288Cash dividends
  • $370Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 1.74%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 4.18%Return on equity (ROE)
  • 4.18%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 10.00%Credit loss provision to net charge-offs
  • 0.84%Efficiency ratio
  • 89,420Assets per employee
  • 5.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.52%Loss allowance to noncurrent loans
  • 39.42%Noncurrent assets plus other real estate owned to assets
  • 5.91%Noncurrent loans to loans
  • 6.39%Net loans and leases to deposits
  • 87.11%Net loans and leases to core deposits
  • 94.51%Equity capital to assets
  • 8.44%Core capital (leverage) ratio
  • 8.06%Tier 1 risk-based capital ratio
  • 15.65%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $88,401Average earning assets
  • $6,895Average equity
  • $82,978Average loans

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