FDIC Certificate #: 27840 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Bank of Wolcott (#16201) Federal Reserve ID: 673879 Date Established: January 01, 1894 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Interstate: No) OTS Docket #: 373 FDIC's unique #: 40674 Numeric code: 37 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: December 16, 1935 Last Structure Change Effective Date: November 30, 2011 Last Structure Change Process Date: January 04, 2012 Last Data Update: January 04, 2012 Data Source Date: April 05, 2012
Location
Address: 309 South Newton Street, Goodland, IN 47948 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)
Financial Summary
Total assets: $25.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
3Total employees (full-time equivalent)
$22,048Total assets
$437Cash and due from depository institutions
$300Interest-bearing balances
$18,151Securities
$0Federal funds sold & reverse repurchase agreements
$1,316Net loans & leases
$48Loan loss allowance
$0Trading account assets
$35Bank premises and fixed assets
$315Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,794All other assets
$22,048Total liabilities and capital
$7,311Total liabilities
$4,969Total deposits
$4,969Interest-bearing deposits
$4,969Deposits held in domestic offices
100.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,375Other borrowed funds
$0Subordinated debt
$967All other liabilities
$14,737Total equity capital
$14,737Total bank equity capital
$14,737Perpetual preferred stock
$0Common stock
$0Surplus
$17,500Undivided profits
Memoranda
$-2,763Noncurrent loans and leases
$750Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$170Earning assets
$0Long-term assets (5+ years)
$90Average Assets, year-to-date
$19,767Average Assets, quarterly
$0Volatile liabilities
$17,199Insider loans
$22,069FHLB advances
$2,335Loans and leases held for sale
$0Unused loan commitments
$1,375Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$750Total unused commitments
$315Restructured Loans and leases
$48Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$402Total interest income
$93Total interest expense
$309Net interest income
$0Provision for loan and lease losses
-$368Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$368Additional noninterest income
$947Total noninterest expense
$289Salaries and employee benefits
$44Premises and equipment expense
$614Additional noninterest expense
-$1,006Pre-tax net operating income
-$7Securities gains (losses)
-$292Applicable income taxes
-$721Income before extraordinary items
$0Extraordinary gains - net
-$721Net income attributable to bank
$0Net charge-offs
-$721Cash dividends
$77Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.75%Yield on earning assets
0.64%Cost of funding earning assets
2.11%Net interest margin
-2.52%Noninterest income to earning assets
6.48%Noninterest expense to earning assets
-4.16%Net operating income to assets
-4.19%Return on assets (ROA)
-5.89%Pretax return on assets
-6.72%Return on equity (ROE)
-6.72%Retained earnings to average equity (YTD only)
5.78%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-13.06%Efficiency ratio
-1,605,085Assets per employee
7.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.52%Loss allowance to noncurrent loans
28.24%Noncurrent assets plus other real estate owned to assets
2.20%Noncurrent loans to loans
12.46%Net loans and leases to deposits
26.48%Net loans and leases to core deposits
32.83%Equity capital to assets
66.84%Core capital (leverage) ratio
67.02%Tier 1 risk-based capital ratio
277.02%Total risk-based capital ratio
Memoranda
$278Average assets
$17,199Average earning assets
$10,736Average equity
$14,619Average loans
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