The First Bank of Mitchell in Mitchell, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 20, 2001

  • The First Bank of Mitchell in Mitchell, Indiana (IN)
  • Show street view No street view available for this location

The First Bank of Mitchell - Overview

  • General
  • FDIC Certificate #: 4402
    Status: Inactive
    Closing history: Change in Insurance Status
    Acquiring institution: Bloomfield State Bank (#15714)
    Federal Reserve ID: 179241
    Date Established: January 01, 1903
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 16619
    FDIC's unique #: 2902
    Numeric code: 43
    Regulator: OTS
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 20, 2001
    Last Structure Change Process Date: October 04, 2001
    Last Data Update: May 02, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 628 Main Street, Mitchell, IN 47446
    County: Lawrence
    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): Bedford, IN (#13260)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Other Liquidations and Closings
    Corrections
    Change in Insurance Status
  • Financial Summary
  • Total assets: $77.7 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $80,414Total assets
  • $1,602Cash and due from depository institutions
  • $18Interest-bearing balances
  • $13,145Securities
  • $1,546Federal funds sold & reverse repurchase agreements
  • $58,149Net loans & leases
  • $154Loan loss allowance
  • $0Trading account assets
  • $1,733Bank premises and fixed assets
  • $0Other real estate owned
  • $2,031Goodwill and other intangibles
  • $0Life insurance assets
  • $2,208All other assets
  • $80,414Total liabilities and capital
  • $67,502Total liabilities
  • $66,067Total deposits
  • $66,067Interest-bearing deposits
  • $66,067Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $900Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $535All other liabilities
  • $12,912Total equity capital
  • $12,912Total bank equity capital
  • $12,912Perpetual preferred stock
  • $0Common stock
  • $520Surplus
  • $0Undivided profits
  • Memoranda
  • $12,392Noncurrent loans and leases
  • $1,949Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $497Earning assets
  • $0Long-term assets (5+ years)
  • $165Average Assets, year-to-date
  • $72,858Average Assets, quarterly
  • $0Volatile liabilities
  • $66,946Insider loans
  • $81,529FHLB advances
  • $25,279Loans and leases held for sale
  • $1,433Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,949Total unused commitments
  • $62Restructured Loans and leases
  • $154Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $4,455Total interest income
  • $2,568Total interest expense
  • $1,887Net interest income
  • $105Provision for loan and lease losses
  • $230Total noninterest income
  • $0Fiduciary activities
  • $30Service charges on deposit accounts
  • $0Trading account gains & fees
  • $200Additional noninterest income
  • $6,350Total noninterest expense
  • $1,970Salaries and employee benefits
  • $1,498Premises and equipment expense
  • $2,882Additional noninterest expense
  • -$4,338Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$4,338Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,338Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $154Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.37%Yield on earning assets
  • 4.25%Cost of funding earning assets
  • 3.12%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 10.50%Noninterest expense to earning assets
  • -6.48%Net operating income to assets
  • -6.48%Return on assets (ROA)
  • -6.48%Pretax return on assets
  • -44.34%Return on equity (ROE)
  • -44.34%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 68.18%Credit loss provision to net charge-offs
  • -27.49%Efficiency ratio
  • 289,372Assets per employee
  • 3.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.26%Loss allowance to noncurrent loans
  • 30.99%Noncurrent assets plus other real estate owned to assets
  • 0.62%Noncurrent loans to loans
  • 0.85%Net loans and leases to deposits
  • 88.02%Net loans and leases to core deposits
  • 139.49%Equity capital to assets
  • 16.06%Core capital (leverage) ratio
  • 14.67%Tier 1 risk-based capital ratio
  • 23.53%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $66,946Average earning assets
  • $9,784Average equity
  • $60,465Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First Bank of Mitchell.
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.
Table of Contents