Lincoln Bank in Plainfield, Indiana (IN)



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Lincoln Bank
GeneralFDIC Certificate #: 28617
Status: Inactive
Closing history: Office Sold
Acquiring institution: First Merchants Bank of Central Indiana, National Association (#8047)
Federal Reserve ID: 491774
Date Established: January 01, 1884
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 16 (Interstate: No)
OTS Docket #: 1959
FDIC's unique #: 41451
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: June 25, 1935
Last Structure Change Effective Date: April 17, 2009
Last Structure Change Process Date: May 20, 2009
Last Data Update: May 20, 2009
Data Source Date: April 05, 2012
LocationAddress: 905 Southfield Drive, Plainfield, IN 46168
County: Hendricks
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): Indianapolis, IN (#3480)
Combined Statistical Area (CSA): Indianapolis-Anderson-Columbus, IN (#294)
Core Based Statistical Area (CBSA): Indianapolis-Carmel, IN (#26900)
CBSA Metro Statistical Area: Indianapolis-Carmel, IN (#26900)
History of ChangesMerger - Without Assistance
Office Sold
Financial SummaryTotal assets: $907.1 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, 2008)
(Dollar figures in thousands)
Total employees (full-time equivalent)228
Total assets$876,435
Cash and due from depository institutions$28,612
Interest-bearing balances$24,608
Securities$122,093
Federal funds sold & reverse repurchase agreements$469
Net loans & leases$628,277
Loan loss allowance $8,679
Trading account assets$0
Bank premises and fixed assets$15,586
Other real estate owned$3,724
Goodwill and other intangibles$32,612
All other assets$45,062
Life insurance assets$21,903
Total liabilities and capital$876,435
Total liabilities$796,186
Total deposits$652,823
Interest-bearing deposits$606,208
Deposits held in domestic offices$652,823
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $15,300
Trading liabilities$0
Other borrowed funds $121,366
Subordinated debt $0
All other liabilities $6,697
Total equity capital$80,249
Total bank equity capital$80,249
Perpetual preferred stock$80,249
Common stock$0
Surplus$0
Undivided profits $80,249
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $96,598
Income earned, not collected on loans $0
Earning assets $35,838
Long-term assets (5+ years) $0
Average Assets, year-to-date $3,432
Average Assets, quarterly $775,447
Volatile liabilities $281,727
Insider loans $864,548
FHLB advances $852,573
Loans and leases held for sale $167,363
Unused loan commitments $2,579
Tier 1 (core) risk-based capital $121,366
Tier 2 risk-based capital $8,730
Total risk weighted assets $2,298
Total unused commitments $96,598
Restructured Loans and leases $0
Derivatives$8,679
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Income and Expense (December 31, 2008)
(Dollar figures in thousands)
Total interest income $45,721
Total interest expense $22,758
Net interest income $22,963
Provision for loan and lease losses $7,453
Total noninterest income $6,598
Fiduciary activities $0
Service charges on deposit accounts $2,707
Trading account gains & fees $0
Additional noninterest income $3,891
Total noninterest expense $59,853
Salaries and employee benefits $19,191
Premises and equipment expense $3,899
Additional noninterest expense $36,763
Pre-tax net operating income -$37,745
Securities gains (losses) $70
Applicable income taxes -$5,421
Income before extraordinary items -$32,254
Extraordinary gains - net $0
Net income attributable to bank -$32,254
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $3,353
Net operating income $1,083
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Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.88%
Cost of funding earning assets 2.92%
Net interest margin 2.95%
Noninterest income to earning assets 0.85%
Noninterest expense to earning assets 7.69%
Net operating income to assets -3.74%
Return on assets (ROA) -3.73%
Pretax return on assets -4.36%
Return on equity (ROE) -36.03%
Retained earnings to average equity (YTD only) -37.24%
Net charge-offs to loans 0.52%
Credit loss provision to net charge-offs 222.28%
Efficiency ratio-9.03%
Assets per employee$119,965
Cash dividends to net income (YTD only)3.84%
Condition Ratios (%)
Loss allowance to loans -3.36%
Loss allowance to noncurrent loans 1.36%
Noncurrent assets plus other real estate owned to assets 24.22%
Noncurrent loans to loans 4.43%
Net loans and leases to deposits5.63%
Net loans and leases to core deposits 96.24%
Equity capital to assets 114.77%
Core capital (leverage) ratio 9.16%
Tier 1 risk-based capital ratio 5.90%
Total risk-based capital ratio 6.64%
Memoranda
Average assets$8
Average earning assets$864,548
Average equity $89,512
Average loans $778,111
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