Sand Ridge Bank in Highland, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 19, 2005

  • Sand Ridge Bank in Highland, Indiana (IN)
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Sand Ridge Bank - Overview

  • General
  • FDIC Certificate #: 20086
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Financial Bank, National Association (#6600)
    Federal Reserve ID: 244345
    Date Established: December 10, 1969
    WWW: http://www.sandridgebank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 17 (Interstate: No)
    OTS Docket #: 9588
    FDIC's unique #: 13798
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 10, 1969
    Last Structure Change Effective Date: August 19, 2005
    Last Structure Change Process Date: September 14, 2005
    Last Data Update: September 14, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 2611 Highway Avenue, Highland, IN 46322
    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: $901.8 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, 2004)

  • Dollar figures in thousands
  • 327Total employees (full-time equivalent)
  • $882,579Total assets
  • $38,680Cash and due from depository institutions
  • $5,047Interest-bearing balances
  • $206,357Securities
  • $4,900Federal funds sold & reverse repurchase agreements
  • $593,088Net loans & leases
  • $8,051Loan loss allowance
  • $0Trading account assets
  • $12,800Bank premises and fixed assets
  • $503Other real estate owned
  • $606Goodwill and other intangibles
  • $0Life insurance assets
  • $25,645All other assets
  • $882,579Total liabilities and capital
  • $817,088Total liabilities
  • $699,504Total deposits
  • $585,819Interest-bearing deposits
  • $699,504Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $13,577Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $99,511Other borrowed funds
  • $0Subordinated debt
  • $4,496All other liabilities
  • $65,491Total equity capital
  • $65,491Total bank equity capital
  • $65,491Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $28,780Undivided profits
  • Memoranda
  • $36,111Noncurrent loans and leases
  • $70,694Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,240Earning assets
  • $1Long-term assets (5+ years)
  • $8,464Average Assets, year-to-date
  • $809,392Average Assets, quarterly
  • $418,798Volatile liabilities
  • $872,994Insider loans
  • $880,766FHLB advances
  • $111,941Loans and leases held for sale
  • $6,225Unused loan commitments
  • $90,378Tier 1 (core) risk-based capital
  • $454Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $70,694Total unused commitments
  • $75Restructured Loans and leases
  • $6,939Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $44,326Total interest income
  • $13,560Total interest expense
  • $30,766Net interest income
  • $1,110Provision for loan and lease losses
  • $9,720Total noninterest income
  • $519Fiduciary activities
  • $5,315Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,886Additional noninterest income
  • $24,097Total noninterest expense
  • $11,898Salaries and employee benefits
  • $2,528Premises and equipment expense
  • $9,671Additional noninterest expense
  • $15,279Pre-tax net operating income
  • $5Securities gains (losses)
  • $4,678Applicable income taxes
  • $10,606Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,606Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,472Sale, conversion, retirement of capital stock, net
  • $8,300Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.54%Yield on earning assets
  • 1.70%Cost of funding earning assets
  • 3.85%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • 1.21%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.75%Pretax return on assets
  • 16.29%Return on equity (ROE)
  • 3.54%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 75.41%Credit loss provision to net charge-offs
  • 11.13%Efficiency ratio
  • 59,519Assets per employee
  • 2.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 78.26%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 129.02%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 1.04%Net loans and leases to deposits
  • 84.79%Net loans and leases to core deposits
  • 96.39%Equity capital to assets
  • 7.42%Core capital (leverage) ratio
  • 7.30%Tier 1 risk-based capital ratio
  • 11.48%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $872,994Average earning assets
  • $65,110Average equity
  • $799,490Average loans

Total Fiduciary and Related Assets (December 31, 2004)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $83,461Managed Assets
  • 1Number of Accounts
  • $76,318Personal trust and agency accounts
  • $41,704Employee benefit-defined contribution accounts
  • $6,121Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $2,815Corporate trust and agency accounts
  • $10,432Investment management agency accounts
  • $15,246Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 198Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $7,143Other retirement accounts
  • $5,425Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,717Fiduciary accounts held in foreign offices
1
Dr. Maurice Checroun
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Oct 21, 2022 @ 3:15 pm
What is the name of the first CEO of the Sand Ridge Bank in Highland Indiana?

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