Logansport Savings Bank, FSB in Logansport, Indiana (IN)

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Logansport Savings Bank, FSB
GeneralFDIC Certificate #: 29907
Status: Active
Federal Reserve ID: 918879
Date Established: January 01, 1925
WWW: http://www.logansportsavings.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 4312
FDIC's unique #: 42741
Numeric code: 33
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: April 25, 1956
Last Structure Change Effective Date: December 09, 2011
Last Structure Change Process Date: January 04, 2012
Last Data Update: January 04, 2012
Data Source Date: April 05, 2012
LocationAddress: 723 East Broadway, Logansport, IN 46947
County: Cass
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): Logansport, IN (#30900)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $175.0 mil
Equity capital: $20.8 mil
Deposits held in domestic offices: $138.4 mil
Return on assets (ROA): 0.91% ($1.6 mil)
Quarterly return on assets: 0.86% ($1.5 mil)
Return on Equity (ROE): 7.30% ($1.5 mil)
Quarterly return on equity: 7.04% ($1.5 mil)
Net income: $1.5 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.36% ($2,380.1 mil)
Quarterly Pretax return on assets: 1.25% ($2,187.6 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)
Total employees (full-time equivalent)30
Total assets$175,005
Cash and due from depository institutions$9,727
Interest-bearing balances$9,078
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$107,793
Loan loss allowance $1,802
Trading account assets$0
Bank premises and fixed assets$1,749
Other real estate owned$282
Goodwill and other intangibles$165
All other assets$5,707
Life insurance assets$175,005
Total liabilities and capital$154,252
Total liabilities$138,410
Total deposits$122,883
Interest-bearing deposits$138,410
Deposits held in domestic offices$69
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$15,123
Other borrowed funds $0
Subordinated debt $719
All other liabilities $20,753
Total equity capital$20,753
Total bank equity capital$20,753
Perpetual preferred stock$0
Common stock$1
Undivided profits $11,987
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,331
Earning assets $0
Long-term assets (5+ years) $801
Average Assets, year-to-date $166,453
Average Assets, quarterly $0
Volatile liabilities $166,559
Insider loans $173,729
FHLB advances $107,847
Loans and leases held for sale $173,704
Unused loan commitments $1,935
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $19,462
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $18,654
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,673
Total interest expense $1,847
Net interest income $5,826
Provision for loan and lease losses $660
Total noninterest income $503
Fiduciary activities $0
Service charges on deposit accounts $44
Trading account gains & fees $0
Additional noninterest income $459
Total noninterest expense $3,402
Salaries and employee benefits $2,103
Premises and equipment expense $513
Additional noninterest expense $786
Pre-tax net operating income $2,267
Securities gains (losses) $0
Applicable income taxes $747
Income before extraordinary items $1,520
Extraordinary gains - net $0
Net income attributable to bank $1,520
Net charge-offs $0
Cash dividends $1,520
Sale, conversion, retirement of capital stock, net $494
Net operating income $1,315
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.85%
Cost of funding earning assets 1.17%
Net interest margin 3.68%
Noninterest income to earning assets 0.32%
Noninterest expense to earning assets 2.15%
Net operating income to assets 0.91%
Return on assets (ROA) 0.91%
Pretax return on assets 1.36%
Return on equity (ROE) 7.30%
Retained earnings to average equity (YTD only) 0.99%
Net charge-offs to loans 0.44%
Credit loss provision to net charge-offs 133.60%
Efficiency ratio5.93%
Assets per employee$53,753
Cash dividends to net income (YTD only)5.83%
Condition Ratios (%)
Loss allowance to loans 86.51%
Loss allowance to noncurrent loans 1.64%
Noncurrent assets plus other real estate owned to assets 135.39%
Noncurrent loans to loans 0.92%
Net loans and leases to deposits1.21%
Net loans and leases to core deposits 77.88%
Equity capital to assets 80.77%
Core capital (leverage) ratio 11.86%
Tier 1 risk-based capital ratio 11.20%
Total risk-based capital ratio 18.05%
Average assets$19
Average earning assets$166,559
Average equity $20,808
Average loans $158,205
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1 Indiana Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042741Logansport Savings Bank, Fsb723 East Broadway, Logansport, IN 46947January 01, 1925Full Service Brick and Mortar
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