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

This bank is inactive as of December 31, 1996

  • Pinnacle Bank in Merrillville, Indiana (IN)
  • Show street view No street view available for this location

Pinnacle Bank - Overview

  • General
  • FDIC Certificate #: 29025
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fifth Third Bank, Indiana (#8164)
    Federal Reserve ID: 761271
    Date Established: July 01, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2782
    FDIC's unique #: 41859
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: November 01, 1934
    Last Structure Change Effective Date: December 31, 1996
    Last Structure Change Process Date: January 22, 1997
    Last Data Update: January 22, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 8400 Louisiana Street, Merrillville, IN 46410
    County: Lake
    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): Gary, IN (#2960)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    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: $488.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $159Total assets
  • $444,777Cash and due from depository institutions
  • $30,424Interest-bearing balances
  • $23,381Securities
  • $175,767Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $206,858Loan loss allowance
  • $1,100Trading account assets
  • $0Bank premises and fixed assets
  • $4,852Other real estate owned
  • $1,824Goodwill and other intangibles
  • $11,773Life insurance assets
  • $13,279All other assets
  • $0Total liabilities and capital
  • $444,777Total liabilities
  • $402,764Total deposits
  • $317,470Interest-bearing deposits
  • $311,012Deposits held in domestic offices
  • 317470.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $80,752Subordinated debt
  • $0All other liabilities
  • $4,542Total equity capital
  • $4,542Total bank equity capital
  • $42,013Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $23,765Undivided profits
  • Memoranda
  • $18,238Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,440Income earned, not collected on loans
  • $740Earning assets
  • $406,006Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $430,862Average Assets, quarterly
  • $429,296Volatile liabilities
  • $111,045Insider loans
  • $11FHLB advances
  • $80,752Loans and leases held for sale
  • $0Unused loan commitments
  • $45,575Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $28,179Total risk weighted assets
  • $228,982Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $29,045Total interest expense
  • $18,453Net interest income
  • $10,592Provision for loan and lease losses
  • $60Total noninterest income
  • $2,112Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $2,112Total noninterest expense
  • $7,644Salaries and employee benefits
  • $3,321Premises and equipment expense
  • $1,861Additional noninterest expense
  • $2,462Pre-tax net operating income
  • $5,000Securities gains (losses)
  • $83Applicable income taxes
  • $1,998Income before extraordinary items
  • $3,085Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,085Net charge-offs
  • $26Cash dividends
  • $7,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.16%Cost of funding earning assets
  • 4.55%Net interest margin
  • 2.61%Noninterest income to earning assets
  • 0.52%Noninterest expense to earning assets
  • 1.88%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 1.18%Return on equity (ROE)
  • 9.24%Retained earnings to average equity (YTD only)
  • -11.72%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 230.77%Efficiency ratio
  • 59,611Assets per employee
  • 2.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 226.90%Loss allowance to loans
  • 0.53%Loss allowance to noncurrent loans
  • 45.08%Noncurrent assets plus other real estate owned to assets
  • 0.96%Noncurrent loans to loans
  • 1.17%Net loans and leases to deposits
  • 65.16%Net loans and leases to core deposits
  • 72.03%Equity capital to assets
  • 9.45%Core capital (leverage) ratio
  • 6.54%Tier 1 risk-based capital ratio
  • 12.31%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $430,862Average earning assets
  • $33,402Average equity
  • $405,732Average loans

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