Symphony Bank in Indianapolis, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2009

  • Symphony Bank in Indianapolis, Indiana (IN)
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Symphony Bank - Overview

  • General
  • FDIC Certificate #: 57932
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Merchants Bank of Indiana (#8056)
    Federal Reserve ID: 3349429
    Date Established: June 29, 2005
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 431779
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 29, 2005
    Last Structure Change Effective Date: January 01, 2009
    Last Structure Change Process Date: January 16, 2009
    Last Data Update: January 16, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 3737 East 96th Street, Indianapolis, IN 46240
    County: Marion
    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): Indianapolis, IN (#3480)
    Combined Statistical Area (CSA): Indianapolis-Anderson-Columbus, IN (#294)
    Core Based Statistical Area (CBSA): Indianapolis-Carmel, IN (#26900)
    CBSA Metro Statistical Area: Indianapolis-Carmel, IN (#26900)
  • Financial Summary
  • Total assets: $55.0 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, 2008)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $55,030Total assets
  • $1,127Cash and due from depository institutions
  • $0Interest-bearing balances
  • $6,555Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,524Net loans & leases
  • $1,686Loan loss allowance
  • $0Trading account assets
  • $4,214Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $610All other assets
  • $55,030Total liabilities and capital
  • $49,855Total liabilities
  • $47,544Total deposits
  • $39,276Interest-bearing deposits
  • $47,544Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $27Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,000Other borrowed funds
  • $0Subordinated debt
  • $284All other liabilities
  • $5,175Total equity capital
  • $5,175Total bank equity capital
  • $5,175Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $12,960Undivided profits
  • Memoranda
  • $-9,285Noncurrent loans and leases
  • $6,219Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,594Earning assets
  • $0Long-term assets (5+ years)
  • $181Average Assets, year-to-date
  • $49,079Average Assets, quarterly
  • $11,428Volatile liabilities
  • $51,906Insider loans
  • $55,859FHLB advances
  • $15,954Loans and leases held for sale
  • $2,541Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,219Total unused commitments
  • $0Restructured Loans and leases
  • $681Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $2,572Total interest income
  • $1,363Total interest expense
  • $1,209Net interest income
  • $932Provision for loan and lease losses
  • $54Total noninterest income
  • $0Fiduciary activities
  • $15Service charges on deposit accounts
  • $0Trading account gains & fees
  • $39Additional noninterest income
  • $3,226Total noninterest expense
  • $1,586Salaries and employee benefits
  • $445Premises and equipment expense
  • $1,195Additional noninterest expense
  • -$2,895Pre-tax net operating income
  • $5Securities gains (losses)
  • $0Applicable income taxes
  • -$2,890Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,890Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $46Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.58%Yield on earning assets
  • 2.96%Cost of funding earning assets
  • 2.62%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 7.00%Noninterest expense to earning assets
  • -5.58%Net operating income to assets
  • -5.57%Return on assets (ROA)
  • -5.57%Pretax return on assets
  • -43.35%Return on equity (ROE)
  • -43.35%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 2026.09%Credit loss provision to net charge-offs
  • -42.67%Efficiency ratio
  • 255,424Assets per employee
  • 3.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.81%Loss allowance to noncurrent loans
  • 65.00%Noncurrent assets plus other real estate owned to assets
  • 4.71%Noncurrent loans to loans
  • 5.87%Net loans and leases to deposits
  • 89.44%Net loans and leases to core deposits
  • 134.50%Equity capital to assets
  • 9.40%Core capital (leverage) ratio
  • 8.88%Tier 1 risk-based capital ratio
  • 9.65%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $51,906Average earning assets
  • $6,667Average equity
  • $46,084Average loans

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