FDIC Certificate #: 29761 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:First Merchants Bank National Association (#4365) Federal Reserve ID: 353975 Date Established: January 01, 1891 WWW:http://www.shelbycountybank.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 4 (Domestic: 4, Interstate: No) OTS Docket #: 4044 FDIC's unique #: 42595 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: January 25, 1937 Last Structure Change Effective Date: Febuary 10, 2012 Last Structure Change Process Date: Febuary 13, 2012 Last Data Update: Febuary 13, 2012 Data Source Date: April 05, 2012
Location
Address: 29 E Washington Street, Shelbyville, IN 46176 County: Shelby 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)
Financial Summary
Total assets: $182.6 mil Equity capital: -$0.0 mil Deposits held in domestic offices: $171.4 mil Return on assets (ROA): -4.27% (-$7.8 mil) Quarterly return on assets: -4.30% (-$7.9 mil) Return on Equity (ROE): -167.41% ($0.0 mil) Quarterly return on equity: -828.40% ($0.0 mil) Net income: -$9.3 mil Quarterly Net income: -$2.0 mil Pretax return on assets: -4.09% (-$7,466.7 mil) Quarterly Pretax return on assets: -3.48% (-$6,353.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
54Total employees (full-time equivalent)
$182,561Total assets
$3,071Cash and due from depository institutions
$1,123Interest-bearing balances
$36,669Securities
$0Federal funds sold & reverse repurchase agreements
$136,999Net loans & leases
$2,873Loan loss allowance
$0Trading account assets
$1,038Bank premises and fixed assets
$1,889Other real estate owned
$0Goodwill and other intangibles
$182,561Life insurance assets
$2,895All other assets
$182,581Total liabilities and capital
$171,365Total liabilities
$158,339Total deposits
$171,365Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$9,601Trading liabilities
$0Other borrowed funds
$1,615Subordinated debt
$-20All other liabilities
$-20Total equity capital
$-20Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$31,375Surplus
$-31,395Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$13,802Income earned, not collected on loans
$992Earning assets
$802Long-term assets (5+ years)
$174,791Average Assets, year-to-date
$0Average Assets, quarterly
$217,794Volatile liabilities
$189,798Insider loans
$139,439FHLB advances
$183,148Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$567Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$23,953Restructured Loans and leases
$284Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$9,203Total interest income
$3,852Total interest expense
$5,351Net interest income
$6,401Provision for loan and lease losses
$869Total noninterest income
$0Fiduciary activities
$169Service charges on deposit accounts
$0Trading account gains & fees
$700Additional noninterest income
$8,744Total noninterest expense
$3,845Salaries and employee benefits
$1,183Premises and equipment expense
$3,716Additional noninterest expense
-$8,925Pre-tax net operating income
$28Securities gains (losses)
$392Applicable income taxes
-$9,289Income before extraordinary items
$0Extraordinary gains - net
-$9,289Net income attributable to bank
$0Net charge-offs
-$9,289Cash dividends
$6,336Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.39%Yield on earning assets
1.84%Cost of funding earning assets
2.55%Net interest margin
0.41%Noninterest income to earning assets
4.17%Noninterest expense to earning assets
-4.28%Net operating income to assets
-4.27%Return on assets (ROA)
-4.09%Pretax return on assets
-167.41%Return on equity (ROE)
-167.41%Retained earnings to average equity (YTD only)
4.18%Net charge-offs to loans
101.03%Credit loss provision to net charge-offs
-0.40%Efficiency ratio
140,579Assets per employee
3.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.05%Loss allowance to noncurrent loans
20.82%Noncurrent assets plus other real estate owned to assets
8.59%Noncurrent loans to loans
9.87%Net loans and leases to deposits
79.95%Net loans and leases to core deposits
123.56%Equity capital to assets
-0.01%Core capital (leverage) ratio
0.31%Tier 1 risk-based capital ratio
0.41%Total risk-based capital ratio
Memoranda
$1Average assets
$217,794Average earning assets
$5,549Average equity
$209,445Average loans
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