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

Kentland Bank - Overview

  • General
  • FDIC Certificate #: 13843
    Status: Active
    Federal Reserve ID: 367543
    Bank Holding Company (Regulatory Top Holder): Kenbancorp (RSSDID: 1206050, Location: Kentland, IN)
    Date Established: September 19, 1932
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 8932
    FDIC's unique #: 8654
    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: Febuary 06, 1934
    Last Structure Change Effective Date: Febuary 14, 2011
    Last Structure Change Process Date: August 16, 2011
    Last Data Update: August 16, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 North Fourth Street, Kentland, IN 47951
    County: Newton
    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): 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)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $276.4 mil
    Equity capital: $32.4 mil
    Deposits held in domestic offices: $223.2 mil
    Return on assets (ROA): 0.62% ($1.7 mil)
    Quarterly return on assets: 1.08% ($3.0 mil)
    Return on Equity (ROE): 4.91% ($1.6 mil)
    Quarterly return on equity: 8.79% ($2.8 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.80% ($2,211.0 mil)
    Quarterly Pretax return on assets: 1.47% ($4,062.8 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
  • 65Total employees (full-time equivalent)
  • $276,379Total assets
  • $35,983Cash and due from depository institutions
  • $33,012Interest-bearing balances
  • $73,935Securities
  • $3,677Federal funds sold & reverse repurchase agreements
  • $153,813Net loans & leases
  • $4,063Loan loss allowance
  • $0Trading account assets
  • $1,950Bank premises and fixed assets
  • $2,888Other real estate owned
  • $0Goodwill and other intangibles
  • $276,379Life insurance assets
  • $4,133All other assets
  • $243,950Total liabilities and capital
  • $223,190Total liabilities
  • $183,334Total deposits
  • $223,190Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,000Trading liabilities
  • $0Other borrowed funds
  • $1,760Subordinated debt
  • $32,429All other liabilities
  • $32,429Total equity capital
  • $32,429Total bank equity capital
  • $0Perpetual preferred stock
  • $900Common stock
  • $4,100Surplus
  • $27,429Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,682Income earned, not collected on loans
  • $0Earning assets
  • $2,144Long-term assets (5+ years)
  • $264,437Average Assets, year-to-date
  • $108,210Average Assets, quarterly
  • $254,636Volatile liabilities
  • $265,880Insider loans
  • $167,258FHLB advances
  • $260,174Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,062Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,725Restructured Loans and leases
  • $9,175Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,082Total interest income
  • $2,829Total interest expense
  • $9,253Net interest income
  • $1,462Provision for loan and lease losses
  • $1,318Total noninterest income
  • $9Fiduciary activities
  • $513Service charges on deposit accounts
  • $0Trading account gains & fees
  • $796Additional noninterest income
  • $7,085Total noninterest expense
  • $3,551Salaries and employee benefits
  • $812Premises and equipment expense
  • $2,722Additional noninterest expense
  • $2,024Pre-tax net operating income
  • $19Securities gains (losses)
  • $469Applicable income taxes
  • $1,574Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,574Net income attributable to bank
  • $0Net charge-offs
  • $1,574Cash dividends
  • -$194Sale, conversion, retirement of capital stock, net
  • $970Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 4.91%Return on equity (ROE)
  • 1.88%Retained earnings to average equity (YTD only)
  • -0.13%Net charge-offs to loans
  • -753.61%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 67,023Assets per employee
  • 4.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.63%Loss allowance to loans
  • 2.57%Loss allowance to noncurrent loans
  • 71.51%Noncurrent assets plus other real estate owned to assets
  • 3.10%Noncurrent loans to loans
  • 3.60%Net loans and leases to deposits
  • 68.92%Net loans and leases to core deposits
  • 73.32%Equity capital to assets
  • 11.73%Core capital (leverage) ratio
  • 11.94%Tier 1 risk-based capital ratio
  • 18.57%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $254,636Average earning assets
  • $32,074Average equity
  • $241,497Average 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
  • $2,318Managed Assets
  • 1Number of Accounts
  • $2,224Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $2,224Employee 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
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $94Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08654Kentland Bank111 North Fourth Street, Kentland, IN 47951September 19, 1932Full Service Brick and Mortar
    1230326Lake Village BranchVillage Square Shopping Center, Lake Village, IN 46349September 21, 1964Full Service Brick and Mortar
    2230327Roselawn BranchState Road 10, Roselawn, IN 46372August 16, 1971Full Service Brick and Mortar
    4483221Rensselaer Branch480 South College Avenue, Rensselaer, IN 47978December 01, 2008Full Service Brick and Mortar
    5457098Lafayette Branch5 Executive Drive, Lafayette, IN 47905September 15, 2006Full Service Brick and Mortar

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