Pacesetter Bank in Hartford City, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pacesetter Bank - Overview

  • General
  • FDIC Certificate #: 19340
    Status: Active
    Federal Reserve ID: 242248
    Bank Holding Company (Regulatory Top Holder): Town Financial Corporation (RSSDID: 1200405, Location: Hartford City, IN)
    Date Established: January 04, 1965
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 11736
    FDIC's unique #: 13151
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 04, 1965
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1515 North Walnut Street, Hartford City, IN 47348
    County: Blackford
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $114.7 mil
    Equity capital: $13.7 mil
    Deposits held in domestic offices: $100.4 mil
    Return on assets (ROA): 0.45% ($0.5 mil)
    Quarterly return on assets: 0.27% ($0.3 mil)
    Return on Equity (ROE): 3.73% ($0.5 mil)
    Quarterly return on equity: 2.25% ($0.3 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.64% ($734.2 mil)
    Quarterly Pretax return on assets: 0.34% ($390.0 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
  • 46Total employees (full-time equivalent)
  • $114,713Total assets
  • $12,926Cash and due from depository institutions
  • $7,006Interest-bearing balances
  • $19,320Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $75,404Net loans & leases
  • $1,062Loan loss allowance
  • $0Trading account assets
  • $1,739Bank premises and fixed assets
  • $115Other real estate owned
  • $0Goodwill and other intangibles
  • $114,713Life insurance assets
  • $5,209All other assets
  • $101,032Total liabilities and capital
  • $100,417Total liabilities
  • $82,589Total deposits
  • $100,417Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $615Subordinated debt
  • $13,681All other liabilities
  • $13,681Total equity capital
  • $13,681Total bank equity capital
  • $0Perpetual preferred stock
  • $830Common stock
  • $2,100Surplus
  • $10,751Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $989Income earned, not collected on loans
  • $0Earning assets
  • $414Long-term assets (5+ years)
  • $101,730Average Assets, year-to-date
  • $38,168Average Assets, quarterly
  • $112,292Volatile liabilities
  • $113,579Insider loans
  • $72,240FHLB advances
  • $114,577Loans and leases held for sale
  • $3,583Unused loan commitments
  • $3,583Tier 1 (core) risk-based capital
  • $13,583Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,972Restructured Loans and leases
  • $715Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,826Total interest income
  • $689Total interest expense
  • $4,137Net interest income
  • $380Provision for loan and lease losses
  • $1,165Total noninterest income
  • $27Fiduciary activities
  • $470Service charges on deposit accounts
  • $0Trading account gains & fees
  • $668Additional noninterest income
  • $4,198Total noninterest expense
  • $1,916Salaries and employee benefits
  • $495Premises and equipment expense
  • $1,787Additional noninterest expense
  • $724Pre-tax net operating income
  • $0Securities gains (losses)
  • $217Applicable income taxes
  • $507Income before extraordinary items
  • $0Extraordinary gains - net
  • $507Net income attributable to bank
  • $0Net charge-offs
  • $507Cash dividends
  • $257Sale, conversion, retirement of capital stock, net
  • $331Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 4.10%Net interest margin
  • 1.15%Noninterest income to earning assets
  • 4.16%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 3.73%Return on equity (ROE)
  • 1.30%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 147.86%Credit loss provision to net charge-offs
  • 4.30%Efficiency ratio
  • 79,178Assets per employee
  • 2.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.29%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 107.38%Noncurrent assets plus other real estate owned to assets
  • 0.96%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 75.09%Net loans and leases to core deposits
  • 77.25%Equity capital to assets
  • 11.93%Core capital (leverage) ratio
  • 11.85%Tier 1 risk-based capital ratio
  • 18.80%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $112,292Average earning assets
  • $13,575Average equity
  • $100,927Average 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
  • $4,121Managed Assets
  • 1Number of Accounts
  • $2,050Personal trust and agency accounts
  • $1,908Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $142Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 45Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,071Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,014Fiduciary accounts held in foreign offices

List of branches

  • 7 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013151Pacesetter Bank1515 North Walnut Street, Hartford City, IN 47348January 04, 1965Full Service Brick and Mortar
    4277575714 North Main Street Branch714 North Main Street, Dunkirk, IN 47336January 01, 1919Full Service Brick and Mortar
    5277576204 West Oak Street Branch204 West Oak Street, Union City, IN 47390January 01, 1919Full Service Brick and Mortar
    6277577106 East Berry Street Branch106 East Berry Street, Upland, IN 46989January 01, 1919Full Service Brick and Mortar
    7277578Washington Street Branch222 West Washington Street, Hartford City, IN 47348April 07, 1997Limited Service Facility
    89973110 South Main Street Branch110 South Main Street, Montpelier, IN 47359December 20, 1939Full Service Brick and Mortar
    9235061North Meridan Street Branch1221 North Meridan Street, Portland, IN 47371March 07, 1990Full Service Brick and Mortar

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