Star Financial Bank, Marion in Marion, Indiana (IN)



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Star Financial Bank, Marion
GeneralFDIC Certificate #: 5773
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: STAR Financial Bank (#27235)
Federal Reserve ID: 716347
Date Established: November 01, 1913
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 10269
FDIC's unique #: 3937
Numeric code: 21
Regulator: FDIC
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: January 02, 1934
Last Structure Change Effective Date: November 15, 1997
Last Structure Change Process Date: December 31, 1997
Last Data Update: December 31, 1997
Data Source Date: April 05, 2012
LocationAddress: 315 South Adams Street, Marion, IN 46952
County: Grant
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
Core Based Statistical Area (CBSA): Marion, IN (#31980)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $194.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$114
Cash and due from depository institutions$197,130
Interest-bearing balances$19,398
Securities$4,068
Federal funds sold & reverse repurchase agreements$57,487
Net loans & leases$9,275
Loan loss allowance $101,059
Trading account assets$1,522
Bank premises and fixed assets$0
Other real estate owned$3,993
Goodwill and other intangibles$135
All other assets$2,718
Life insurance assets$3,065
Total liabilities and capital$0
Total liabilities$197,130
Total deposits$183,083
Interest-bearing deposits$148,439
Deposits held in domestic offices$117,846
% insured (estimated)148439.00%
Federal funds purchased & repurchase agreements $66
Trading liabilities$30,428
Other borrowed funds $0
Subordinated debt $2,275
All other liabilities $0
Total equity capital$1,941
Total bank equity capital$1,941
Perpetual preferred stock$14,047
Common stock$0
Surplus$1,250
Undivided profits $5,440
Memoranda
Noncurrent loans and leases $7,357
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $307
Earning assets $672
Long-term assets (5+ years) $171,889
Average Assets, year-to-date $39,140
Average Assets, quarterly $195,857
Volatile liabilities $196,254
Insider loans $44,140
FHLB advances $3,061
Loans and leases held for sale $0
Unused loan commitments $246
Tier 1 (core) risk-based capital $10,336
Tier 2 risk-based capital $0
Total risk weighted assets $11,331
Total unused commitments $104,335
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $13,575
Net interest income $6,683
Provision for loan and lease losses $6,892
Total noninterest income $250
Fiduciary activities $2,570
Service charges on deposit accounts $0
Trading account gains & fees $663
Additional noninterest income $0
Total noninterest expense $1,907
Salaries and employee benefits $7,506
Premises and equipment expense $3,053
Additional noninterest expense $1,124
Pre-tax net operating income $3,329
Securities gains (losses) $1,706
Applicable income taxes $0
Income before extraordinary items $466
Extraordinary gains - net $1,240
Net income attributable to bank $0
Net charge-offs $1,240
Cash dividends $337
Sale, conversion, retirement of capital stock, net $299
Net operating income $0
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.83%
Net interest margin 3.85%
Noninterest income to earning assets 3.97%
Noninterest expense to earning assets 1.48%
Net operating income to assets 4.33%
Return on assets (ROA) 0.63%
Pretax return on assets 0.63%
Return on equity (ROE) 0.87%
Retained earnings to average equity (YTD only) 9.18%
Net charge-offs to loans 6.97%
Credit loss provision to net charge-offs 0.33%
Efficiency ratio74.18%
Assets per employee$76,104
Cash dividends to net income (YTD only)1.73%
Condition Ratios (%)
Loss allowance to loans 24.11%
Loss allowance to noncurrent loans 1.48%
Noncurrent assets plus other real estate owned to assets 495.77%
Noncurrent loans to loans 0.22%
Net loans and leases to deposits0.30%
Net loans and leases to core deposits 68.08%
Equity capital to assets 73.76%
Core capital (leverage) ratio 7.13%
Tier 1 risk-based capital ratio 5.89%
Total risk-based capital ratio 10.86%
Memoranda
Average assets$12
Average earning assets$195,857
Average equity $13,507
Average loans $173,417
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