The Citizens Exchange Bank in Fairmount, Indiana (IN)



Show street view No street view available for this location

The Citizens Exchange Bank routing number info

Table of contents:
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
WWW: http://www.citizensexchangebank.com
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
Securities$20,442
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
Surplus$3,180
Undivided profits $3,965
Memoranda
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
Derivatives$1,229
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Memoranda
Average assets$26
Average earning assets$58,749
Average equity $7,257
Average loans $56,389
Back to page top, Back to table top

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
Back to page top, Back to table top

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
Back to page top

User Contributions:

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

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Citizens Exchange Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.