Indiana Community Bank in Goshen, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Indiana Community Bank in Goshen, Indiana (IN)
  • Show street view No street view available for this location
Indiana Community Bank routing number info

Indiana Community Bank - Overview

  • General
  • FDIC Certificate #: 57037
    Status: Active
    Federal Reserve ID: 2929075
    Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI)
    Date Established: September 29, 2000
    WWW: http://www.indianacommunitybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 334387
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 29, 2000
    Last Structure Change Effective Date: March 19, 2010
    Last Structure Change Process Date: April 01, 2010
    Last Data Update: April 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 511 West Lincoln Avenue, Goshen, IN 46526
    County: Elkhart
    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): Elkhart-Goshen, IN (#2330)
    Combined Statistical Area (CSA): South Bend-Elkhart-Mishawaka, IN-MI (#515)
    Core Based Statistical Area (CBSA): Elkhart-Goshen, IN (#21140)
    CBSA Metro Statistical Area: Elkhart-Goshen, IN (#21140)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total assets: $119.4 mil
    Equity capital: $8.1 mil
    Deposits held in domestic offices: $111.0 mil
    Return on assets (ROA): -0.47% (-$0.6 mil)
    Quarterly return on assets: -1.01% (-$1.2 mil)
    Return on Equity (ROE): -7.07% (-$0.6 mil)
    Quarterly return on equity: -14.85% (-$1.2 mil)
    Net income: -$0.6 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -0.47% (-$561.1 mil)
    Quarterly Pretax return on assets: -1.01% (-$1,205.8 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
  • 26Total employees (full-time equivalent)
  • $119,383Total assets
  • $21,578Cash and due from depository institutions
  • $19,256Interest-bearing balances
  • $3,512Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $88,911Net loans & leases
  • $3,346Loan loss allowance
  • $0Trading account assets
  • $1,865Bank premises and fixed assets
  • $2,577Other real estate owned
  • $0Goodwill and other intangibles
  • $119,383Life insurance assets
  • $940All other assets
  • $111,295Total liabilities and capital
  • $110,962Total liabilities
  • $97,876Total deposits
  • $110,962Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $51Trading liabilities
  • $0Other borrowed funds
  • $282Subordinated debt
  • $8,088All other liabilities
  • $8,088Total equity capital
  • $8,088Total bank equity capital
  • $0Perpetual preferred stock
  • $3,090Common stock
  • $11,407Surplus
  • $-6,409Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,801Income earned, not collected on loans
  • $1,004Earning assets
  • $357Long-term assets (5+ years)
  • $111,679Average Assets, year-to-date
  • $3,899Average Assets, quarterly
  • $125,756Volatile liabilities
  • $121,735Insider loans
  • $86,481FHLB advances
  • $121,406Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,082Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,869Restructured Loans and leases
  • $1,826Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,919Total interest income
  • $1,308Total interest expense
  • $4,611Net interest income
  • $1,209Provision for loan and lease losses
  • $12Total noninterest income
  • $0Fiduciary activities
  • $240Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$228Additional noninterest income
  • $4,009Total noninterest expense
  • $1,231Salaries and employee benefits
  • $336Premises and equipment expense
  • $2,442Additional noninterest expense
  • -$595Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$595Income before extraordinary items
  • $0Extraordinary gains - net
  • -$595Net income attributable to bank
  • $0Net charge-offs
  • -$595Cash dividends
  • $1,566Sale, 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
  • 1.11%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.01%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • -0.47%Net operating income to assets
  • -0.47%Return on assets (ROA)
  • -0.47%Pretax return on assets
  • -7.07%Return on equity (ROE)
  • -7.07%Retained earnings to average equity (YTD only)
  • 1.53%Net charge-offs to loans
  • 77.20%Credit loss provision to net charge-offs
  • 0.39%Efficiency ratio
  • 86,719Assets per employee
  • 4.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.63%Loss allowance to noncurrent loans
  • 42.89%Noncurrent assets plus other real estate owned to assets
  • 8.69%Noncurrent loans to loans
  • 8.46%Net loans and leases to deposits
  • 80.13%Net loans and leases to core deposits
  • 82.68%Equity capital to assets
  • 6.77%Core capital (leverage) ratio
  • 6.66%Tier 1 risk-based capital ratio
  • 9.35%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $125,756Average earning assets
  • $8,420Average equity
  • $117,661Average loans

List of branches

  • 2 Indiana Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0334387Indiana Community Bank511 West Lincoln Avenue, Goshen, IN 46526September 29, 2000Full Service Brick and Mortar
    177234Elkhart Office303 South Third Street, Elkhart, IN 46516September 09, 1999Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Indiana Community Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents