Summit Bank of Clinton County in Frankfort, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 18, 1993

  • Summit Bank of Clinton County in Frankfort, Indiana (IN)
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Summit Bank of Clinton County - Overview

  • General
  • FDIC Certificate #: 13092
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: NBD Bank, National Association (#8075)
    Federal Reserve ID: 493349
    Date Established: July 25, 1891
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    FDIC's unique #: 8279
    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: Febuary 18, 1993
    Last Structure Change Process Date: Febuary 26, 1993
    Last Data Update: Febuary 26, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 East Washington Street, Frankfort, IN 46041
    County: Clinton
    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): Lafayette, IN (#3920)
    Combined Statistical Area (CSA): Lafayette-Frankfort, IN (#320)
    Core Based Statistical Area (CBSA): Frankfort, IN (#23140)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $122.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $77Total assets
  • $122,027Cash and due from depository institutions
  • $2,744Interest-bearing balances
  • $0Securities
  • $29,451Federal funds sold & reverse repurchase agreements
  • $600Net loans & leases
  • $85,751Loan loss allowance
  • $2,297Trading account assets
  • $0Bank premises and fixed assets
  • $1,602Other real estate owned
  • $225Goodwill and other intangibles
  • $1,654Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $122,027Total liabilities
  • $110,985Total deposits
  • $108,200Interest-bearing deposits
  • $95,870Deposits held in domestic offices
  • 108200.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $1,442Trading liabilities
  • $0Other borrowed funds
  • $661Subordinated debt
  • $0All other liabilities
  • $682Total equity capital
  • $682Total bank equity capital
  • $11,042Perpetual preferred stock
  • $0Common stock
  • $1,300Surplus
  • $5,700Undivided profits
  • Memoranda
  • $4,042Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,186Income earned, not collected on loans
  • $834Earning assets
  • $115,802Long-term assets (5+ years)
  • $24,231Average Assets, year-to-date
  • $127,123Average Assets, quarterly
  • $124,122Volatile liabilities
  • $8,179Insider loans
  • $260FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $12,040Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,042Total risk weighted assets
  • $86,539Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,686Total interest expense
  • $4,603Net interest income
  • $6,083Provision for loan and lease losses
  • $2,155Total noninterest income
  • $545Fiduciary activities
  • $0Service charges on deposit accounts
  • $395Trading account gains & fees
  • $0Additional noninterest income
  • $150Total noninterest expense
  • $3,885Salaries and employee benefits
  • $1,822Premises and equipment expense
  • $671Additional noninterest expense
  • $1,392Pre-tax net operating income
  • $588Securities gains (losses)
  • $46Applicable income taxes
  • $3Income before extraordinary items
  • $631Extraordinary gains - net
  • -$67Net income attributable to bank
  • $564Net charge-offs
  • $1,699Cash dividends
  • $450Sale, 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
  • 8.84%Cost of funding earning assets
  • 3.81%Net interest margin
  • 5.03%Noninterest income to earning assets
  • 0.45%Noninterest expense to earning assets
  • 3.21%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 0.45%Return on equity (ROE)
  • 5.26%Retained earnings to average equity (YTD only)
  • 1.06%Net charge-offs to loans
  • 1.92%Credit loss provision to net charge-offs
  • 126.84%Efficiency ratio
  • 58,615Assets per employee
  • 1.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 79.79%Loss allowance to loans
  • 2.61%Loss allowance to noncurrent loans
  • 193.68%Noncurrent assets plus other real estate owned to assets
  • 1.16%Noncurrent loans to loans
  • 1.35%Net loans and leases to deposits
  • 79.25%Net loans and leases to core deposits
  • 83.97%Equity capital to assets
  • 9.05%Core capital (leverage) ratio
  • 8.92%Tier 1 risk-based capital ratio
  • 12.76%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $127,123Average earning assets
  • $10,724Average equity
  • $120,848Average loans

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