Summit Bank in city_name, state_name - Detailed Financial Reports, Location

Summit Bank in Fort Wayne, Indiana (IN)
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Summit Bank - Overview

General
FDIC Certificate #: 11335
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: NBD Bank, National Association (#8075)
Federal Reserve ID: 420448
Date Established: November 24, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 27 (Interstate: No)
FDIC's unique #: 7240
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: April 16, 1993
Last Structure Change Process Date: May 04, 1993
Last Data Update: May 04, 1993
Data Source Date: April 05, 2012
Location
Address: One Summit Square, Fort Wayne, IN 46801
County: Allen
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): Fort Wayne, IN (#2760)
Combined Statistical Area (CSA): Fort Wayne-Huntington-Auburn, IN (#258)
Core Based Statistical Area (CBSA): Fort Wayne, IN (#23060)
CBSA Metro Statistical Area: Fort Wayne, IN (#23060)
Financial Summary
Total assets: $1,584.7 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$714Total assets
$1,679,335Cash and due from depository institutions
$76,307Interest-bearing balances
$734Securities
$459,367Federal funds sold & reverse repurchase agreements
$48,400Net loans & leases
$1,049,072Loan loss allowance
$18,089Trading account assets
$0Bank premises and fixed assets
$20,317Other real estate owned
$5,306Goodwill and other intangibles
$20,183Life insurance assets
$383All other assets
$0Total liabilities and capital
$1,679,335Total liabilities
$1,548,764Total deposits
$1,451,316Interest-bearing deposits
$1,243,679Deposits held in domestic offices
1451316.00%% insured (estimated)
$83Federal funds purchased & repurchase agreements
$64,430Trading liabilities
$0Other borrowed funds
$22,387Subordinated debt
$127All other liabilities
$10,504Total equity capital
$10,504Total bank equity capital
$130,571Perpetual preferred stock
$0Common stock
$12,101Surplus
$59,440Undivided profits
Memoranda
$59,030Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$24,131Income earned, not collected on loans
$6,316Earning assets
$1,557,573Long-term assets (5+ years)
$288,195Average Assets, year-to-date
$1,737,670Average Assets, quarterly
$1,677,337Volatile liabilities
$177,307Insider loans
$1,043FHLB advances
$0Loans and leases held for sale
$498Unused loan commitments
$258,995Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$130,571Total risk weighted assets
$1,233,931Total unused commitments
$0Restructured Loans and leases
$190Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$127,547Total interest expense
$62,299Net interest income
$65,248Provision for loan and lease losses
$15,624Total noninterest income
$21,713Fiduciary activities
$3,976Service charges on deposit accounts
$4,382Trading account gains & fees
$0Additional noninterest income
$13,355Total noninterest expense
$48,389Salaries and employee benefits
$22,488Premises and equipment expense
$7,988Additional noninterest expense
$17,913Pre-tax net operating income
$22,948Securities gains (losses)
-$207Applicable income taxes
$5,873Income before extraordinary items
$16,868Extraordinary gains - net
-$531Net income attributable to bank
$16,337Net charge-offs
$15,218Cash dividends
$10,652Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.88%Cost of funding earning assets
3.85%Net interest margin
4.03%Noninterest income to earning assets
1.34%Noninterest expense to earning assets
2.99%Net operating income to assets
0.98%Return on assets (ROA)
0.94%Pretax return on assets
1.28%Return on equity (ROE)
12.73%Retained earnings to average equity (YTD only)
4.43%Net charge-offs to loans
1.39%Credit loss provision to net charge-offs
102.67%Efficiency ratio
55,089Assets per employee
2.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
65.20%Loss allowance to loans
1.70%Loss allowance to noncurrent loans
74.96%Noncurrent assets plus other real estate owned to assets
1.75%Noncurrent loans to loans
2.26%Net loans and leases to deposits
72.28%Net loans and leases to core deposits
77.34%Equity capital to assets
7.78%Core capital (leverage) ratio
7.84%Tier 1 risk-based capital ratio
10.58%Total risk-based capital ratio
Memoranda
$12Average assets
$1,737,670Average earning assets
$128,367Average equity
$1,618,906Average loans

Summit Bank in Fort Wayne, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Summit Bank - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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Summit Bank in Fort Wayne, Indiana (IN)Overview, Financial Summary, Detailed Financial Reports, Branches

Summit Bank - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

Summit Bank in Fort Wayne, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches