The Citizens National Bank of Evansville in Evansville, Indiana (IN)



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The Citizens National Bank of Evansville
GeneralFDIC Certificate #: 4391
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Fifth Third Bank, Indiana (#8164)
Federal Reserve ID: 17240
Date Established: September 15, 1874
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 32 (Interstate: No)
OTS Docket #: 11498
FDIC's unique #: 2892
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: January 01, 1934
Last Structure Change Effective Date: December 31, 1998
Last Structure Change Process Date: Febuary 03, 1999
Last Data Update: Febuary 03, 1999
Data Source Date: April 05, 2012
LocationAddress: 20 N.W. Third Street, Evansville, IN 47739
County: Vanderburgh
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): Evansville-Henderson, IN-KY (#2440)
Core Based Statistical Area (CBSA): Evansville, IN-KY (#21780)
CBSA Metro Statistical Area: Evansville, IN-KY (#21780)
Financial SummaryTotal assets: $2,491.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)449
Total assets$2,208,941
Cash and due from depository institutions$90,601
Interest-bearing balances$293
Securities$798,239
Federal funds sold & reverse repurchase agreements$168,521
Net loans & leases$1,072,994
Loan loss allowance $13,201
Trading account assets$0
Bank premises and fixed assets$28,780
Other real estate owned$1,504
Goodwill and other intangibles$3,254
All other assets$45,048
Life insurance assets$0
Total liabilities and capital$2,208,941
Total liabilities$2,054,893
Total deposits$1,335,170
Interest-bearing deposits$1,100,890
Deposits held in domestic offices$1,335,170
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $442,717
Trading liabilities$0
Other borrowed funds $260,196
Subordinated debt $0
All other liabilities $16,810
Total equity capital$154,048
Total bank equity capital$154,048
Perpetual preferred stock$154,048
Common stock$0
Surplus$16,000
Undivided profits $46,552
Memoranda
Noncurrent loans and leases $91,496
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $6,428
Long-term assets (5+ years) $326
Average Assets, year-to-date $8,461
Average Assets, quarterly $2,040,047
Volatile liabilities $961,067
Insider loans $2,107,778
FHLB advances $2,177,406
Loans and leases held for sale $594,220
Unused loan commitments $70,511
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $10,682
Total unused commitments $320,100
Restructured Loans and leases $0
Derivatives$1,315,899
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $150,461
Total interest expense $82,708
Net interest income $67,753
Provision for loan and lease losses $2,686
Total noninterest income $24,797
Fiduciary activities $0
Service charges on deposit accounts $6,552
Trading account gains & fees $412
Additional noninterest income $17,833
Total noninterest expense $45,892
Salaries and employee benefits $16,379
Premises and equipment expense $3,252
Additional noninterest expense $26,261
Pre-tax net operating income $43,972
Securities gains (losses) $504
Applicable income taxes $15,894
Income before extraordinary items $28,582
Extraordinary gains - net $0
Net income attributable to bank $28,582
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $2,475
Net operating income $13,832
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.74%
Cost of funding earning assets 4.26%
Net interest margin 3.49%
Noninterest income to earning assets 1.28%
Noninterest expense to earning assets 2.36%
Net operating income to assets 1.34%
Return on assets (ROA) 1.36%
Pretax return on assets 2.11%
Return on equity (ROE) 19.83%
Retained earnings to average equity (YTD only) 10.23%
Net charge-offs to loans 0.24%
Credit loss provision to net charge-offs 108.53%
Efficiency ratio18.85%
Assets per employee$49,064
Cash dividends to net income (YTD only)4.92%
Condition Ratios (%)
Loss allowance to loans 48.39%
Loss allowance to noncurrent loans 1.22%
Noncurrent assets plus other real estate owned to assets 205.37%
Noncurrent loans to loans 0.36%
Net loans and leases to deposits0.59%
Net loans and leases to core deposits 80.36%
Equity capital to assets 82.97%
Core capital (leverage) ratio 6.97%
Tier 1 risk-based capital ratio 7.06%
Total risk-based capital ratio 11.48%
Memoranda
Average assets$12
Average earning assets$2,107,778
Average equity $144,170
Average loans $1,943,045
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