FDIC Certificate #: 13815 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sand Ridge Bank (#20086) Federal Reserve ID: 457145 Date Established: Febuary 01, 1934 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 7 (Interstate: No) OTS Docket #: 8950 FDIC's unique #: 8637 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: Febuary 01, 1934 Last Structure Change Effective Date: November 15, 2002 Last Structure Change Process Date: December 17, 2002 Last Data Update: December 17, 2002 Data Source Date: April 05, 2012
Location
Address: Four East Main Street, Flora, IN 46929 County: Carroll 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): Lafayette-Frankfort, IN (#320) Core Based Statistical Area (CBSA): Lafayette, IN (#29140) CBSA Metro Statistical Area: Lafayette, IN (#29140)
Financial Summary
Total assets: $151.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
72Total employees (full-time equivalent)
$162,761Total assets
$5,993Cash and due from depository institutions
$1,134Interest-bearing balances
$17,301Securities
$11,700Federal funds sold & reverse repurchase agreements
$119,772Net loans & leases
$2,107Loan loss allowance
$0Trading account assets
$1,406Bank premises and fixed assets
$199Other real estate owned
$365Goodwill and other intangibles
$0Life insurance assets
$6,025All other assets
$162,761Total liabilities and capital
$144,680Total liabilities
$123,835Total deposits
$106,700Interest-bearing deposits
$123,835Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$18,583Other borrowed funds
$0Subordinated debt
$2,262All other liabilities
$18,081Total equity capital
$18,081Total bank equity capital
$18,081Perpetual preferred stock
$0Common stock
$2,400Surplus
$7,700Undivided profits
Memoranda
$7,981Noncurrent loans and leases
$13,411Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,010Earning assets
$0Long-term assets (5+ years)
$1,322Average Assets, year-to-date
$149,907Average Assets, quarterly
$18,257Volatile liabilities
$168,652Insider loans
$165,641FHLB advances
$8,878Loans and leases held for sale
$213Unused loan commitments
$18,583Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,411Total unused commitments
$0Restructured Loans and leases
$1,513Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$13,070Total interest income
$6,284Total interest expense
$6,786Net interest income
$357Provision for loan and lease losses
$1,234Total noninterest income
$65Fiduciary activities
$593Service charges on deposit accounts
$0Trading account gains & fees
$576Additional noninterest income
$4,531Total noninterest expense
$2,673Salaries and employee benefits
$446Premises and equipment expense
$1,412Additional noninterest expense
$3,132Pre-tax net operating income
$2Securities gains (losses)
$1,179Applicable income taxes
$1,955Income before extraordinary items
$0Extraordinary gains - net
$1,955Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$51Sale, conversion, retirement of capital stock, net
$1,192Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.37%Yield on earning assets
4.03%Cost of funding earning assets
4.35%Net interest margin
0.79%Noninterest income to earning assets
2.90%Noninterest expense to earning assets
1.16%Net operating income to assets
1.16%Return on assets (ROA)
1.86%Pretax return on assets
12.82%Return on equity (ROE)
5.00%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
700.00%Credit loss provision to net charge-offs
68.41%Efficiency ratio
56,459Assets per employee
2.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.97%Loss allowance to loans
1.73%Loss allowance to noncurrent loans
208.61%Noncurrent assets plus other real estate owned to assets
0.74%Noncurrent loans to loans
0.83%Net loans and leases to deposits
96.72%Net loans and leases to core deposits
104.19%Equity capital to assets
11.11%Core capital (leverage) ratio
10.52%Tier 1 risk-based capital ratio
14.75%Total risk-based capital ratio
Memoranda
$16Average assets
$168,652Average earning assets
$15,253Average equity
$156,124Average loans
Total Fiduciary and Related Assets (December 31, 2001)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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