The Citizens Exchange Bank in Fairmount, Indiana (IN)

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The Citizens Exchange Bank
GeneralFDIC Certificate #: 195
Status: Active
Federal Reserve ID: 549545
Bank Holding Company (Regulatory Top Holder): Century Bank Corp. (RSSDID: 2632731, Location: Fairmount, IN)
Date Established: July 15, 1893
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 157
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 102 South Main Street, Fairmount, IN 46928
County: Grant
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
Core Based Statistical Area (CBSA): Marion, IN (#31980)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $61.1 mil
Equity capital: $7.3 mil
Deposits held in domestic offices: $53.6 mil
Return on assets (ROA): 0.26% ($0.2 mil)
Quarterly return on assets: 0.01% ($0.0 mil)
Return on Equity (ROE): 2.08% ($0.1 mil)
Quarterly return on equity: 0.05% ($0.0 mil)
Net income: $0.2 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.31% ($189.4 mil)
Quarterly Pretax return on assets: 0.01% ($6.1 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)14
Total assets$61,095
Cash and due from depository institutions$14,258
Interest-bearing balances$13,568
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$25,221
Loan loss allowance $425
Trading account assets$0
Bank premises and fixed assets$351
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$823
Life insurance assets$61,095
Total liabilities and capital$53,791
Total liabilities$53,589
Total deposits$45,598
Interest-bearing deposits$53,589
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$35
Other borrowed funds $0
Subordinated debt $167
All other liabilities $7,304
Total equity capital$7,304
Total bank equity capital$7,304
Perpetual preferred stock$0
Common stock$159
Undivided profits $3,965
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,241
Earning assets $0
Long-term assets (5+ years) $296
Average Assets, year-to-date $59,231
Average Assets, quarterly $13,748
Volatile liabilities $58,749
Insider loans $60,130
FHLB advances $29,042
Loans and leases held for sale $60,277
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,206
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,137
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,260
Total interest expense $637
Net interest income $1,623
Provision for loan and lease losses $0
Total noninterest income $224
Fiduciary activities $2
Service charges on deposit accounts $53
Trading account gains & fees $0
Additional noninterest income $169
Total noninterest expense $1,667
Salaries and employee benefits $989
Premises and equipment expense $199
Additional noninterest expense $479
Pre-tax net operating income $180
Securities gains (losses) $0
Applicable income taxes $29
Income before extraordinary items $151
Extraordinary gains - net $0
Net income attributable to bank $151
Net charge-offs $0
Cash dividends $151
Sale, conversion, retirement of capital stock, net $68
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.01%
Cost of funding earning assets 1.13%
Net interest margin 2.88%
Noninterest income to earning assets 0.40%
Noninterest expense to earning assets 2.96%
Net operating income to assets 0.26%
Return on assets (ROA) 0.26%
Pretax return on assets 0.31%
Return on equity (ROE) 2.08%
Retained earnings to average equity (YTD only) 2.08%
Net charge-offs to loans 0.26%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio2.65%
Assets per employee$90,254
Cash dividends to net income (YTD only)4.36%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.66%
Noncurrent assets plus other real estate owned to assets 34.25%
Noncurrent loans to loans 2.03%
Net loans and leases to deposits4.84%
Net loans and leases to core deposits 47.06%
Equity capital to assets 47.85%
Core capital (leverage) ratio 11.96%
Tier 1 risk-based capital ratio 11.95%
Total risk-based capital ratio 24.81%
Average assets$26
Average earning assets$58,749
Average equity $7,257
Average loans $56,389
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$4,963
Number of Accounts1
Personal trust and agency accounts$4,852
Employee benefit-defined contribution accounts$3,443
Employee benefit-defined benefit accounts$1,409
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts20
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$111
Corporate trust and agency accounts$111
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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1 Indiana Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0157The Citizens Exchange Bank102 South Main Street, Fairmount, IN 46928July 15, 1893Full Service Brick and Mortar
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