Star Financial Bank, New Castle, Indiana in New Castle, Indiana (IN)



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Star Financial Bank, New Castle, Indiana
GeneralFDIC Certificate #: 8055
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: STAR Financial Bank (#27235)
Federal Reserve ID: 94643
Date Established: January 01, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
OTS Docket #: 11035
FDIC's unique #: 5124
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 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: 403 Parkview Drive, New Castle, IN 47362
County: Henry
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
Combined Statistical Area (CSA): Indianapolis-Anderson-Columbus, IN (#294)
Core Based Statistical Area (CBSA): New Castle, IN (#35220)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $165.5 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$62
Cash and due from depository institutions$149,474
Interest-bearing balances$7,200
Securities$0
Federal funds sold & reverse repurchase agreements$21,572
Net loans & leases$950
Loan loss allowance $114,536
Trading account assets$1,665
Bank premises and fixed assets$0
Other real estate owned$2,473
Goodwill and other intangibles$100
All other assets$0
Life insurance assets$2,643
Total liabilities and capital$0
Total liabilities$149,474
Total deposits$139,036
Interest-bearing deposits$128,696
Deposits held in domestic offices$110,524
% insured (estimated)128696.00%
Federal funds purchased & repurchase agreements $92
Trading liabilities$4,239
Other borrowed funds $0
Subordinated debt $5,152
All other liabilities $0
Total equity capital$949
Total bank equity capital$949
Perpetual preferred stock$10,438
Common stock$0
Surplus$320
Undivided profits $3,440
Memoranda
Noncurrent loans and leases $6,678
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $248
Earning assets $873
Long-term assets (5+ years) $137,058
Average Assets, year-to-date $18,525
Average Assets, quarterly $147,699
Volatile liabilities $155,016
Insider loans $17,242
FHLB advances $1,187
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $14,840
Tier 2 risk-based capital $0
Total risk weighted assets $10,394
Total unused commitments $116,434
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 $11,819
Net interest income $5,601
Provision for loan and lease losses $6,218
Total noninterest income $480
Fiduciary activities $1,257
Service charges on deposit accounts $0
Trading account gains & fees $648
Additional noninterest income $0
Total noninterest expense $609
Salaries and employee benefits $4,636
Premises and equipment expense $1,639
Additional noninterest expense $804
Pre-tax net operating income $2,193
Securities gains (losses) $2,359
Applicable income taxes $4
Income before extraordinary items $814
Extraordinary gains - net $1,549
Net income attributable to bank $0
Net charge-offs $1,549
Cash dividends $310
Sale, conversion, retirement of capital stock, net $558
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 8.83%
Net interest margin 4.19%
Noninterest income to earning assets 4.65%
Noninterest expense to earning assets 0.94%
Net operating income to assets 3.46%
Return on assets (ROA) 1.05%
Pretax return on assets 1.05%
Return on equity (ROE) 1.60%
Retained earnings to average equity (YTD only) 15.69%
Net charge-offs to loans 10.04%
Credit loss provision to net charge-offs 0.29%
Efficiency ratio154.84%
Assets per employee$62,020
Cash dividends to net income (YTD only)2.41%
Condition Ratios (%)
Loss allowance to loans 36.02%
Loss allowance to noncurrent loans 1.43%
Noncurrent assets plus other real estate owned to assets 671.37%
Noncurrent loans to loans 0.23%
Net loans and leases to deposits0.21%
Net loans and leases to core deposits 89.00%
Equity capital to assets 98.87%
Core capital (leverage) ratio 6.98%
Tier 1 risk-based capital ratio 6.72%
Total risk-based capital ratio 8.93%
Memoranda
Average assets$10
Average earning assets$147,699
Average equity $9,873
Average loans $133,834
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