The First National Bank of Monterey in city_name, state_name

The First National Bank of Monterey in Monterey, Indiana (IN)
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The First National Bank of Monterey routing number info

The First National Bank of Monterey - Overview

General
FDIC Certificate #: 4364
Status: Active
Federal Reserve ID: 44040
Date Established: August 01, 1910
WWW: http://www.fnbmonterey.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 14637
FDIC's unique #: 2870
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 01, 2010
Last Structure Change Process Date: June 01, 2010
Last Data Update: June 01, 2010
Data Source Date: April 05, 2012
Location
Address: 6222 E. Main Street, Monterey, IN 46960
County: Pulaski
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
History of Changes
Change in Location
Financial Summary
Total assets: $294.8 mil
Equity capital: $29.5 mil
Deposits held in domestic offices: $264.3 mil
Return on assets (ROA): 0.65% ($1.9 mil)
Quarterly return on assets: 0.78% ($2.3 mil)
Return on Equity (ROE): 6.70% ($1.9 mil)
Quarterly return on equity: 7.78% ($2.3 mil)
Net income: $1.9 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 0.89% ($2,623.7 mil)
Quarterly Pretax return on assets: 1.13% ($3,331.3 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
54Total employees (full-time equivalent)
$294,801Total assets
$11,657Cash and due from depository institutions
$10,153Interest-bearing balances
$121,327Securities
$690Federal funds sold & reverse repurchase agreements
$148,172Net loans & leases
$2,578Loan loss allowance
$0Trading account assets
$966Bank premises and fixed assets
$822Other real estate owned
$0Goodwill and other intangibles
$294,802Life insurance assets
$11,167All other assets
$265,333Total liabilities and capital
$264,347Total liabilities
$239,517Total deposits
$264,347Interest-bearing deposits
$81Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$986Subordinated debt
$29,469All other liabilities
$29,469Total equity capital
$29,469Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$200Surplus
$29,069Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,749Income earned, not collected on loans
$0Earning assets
$2,499Long-term assets (5+ years)
$280,342Average Assets, year-to-date
$97,460Average Assets, quarterly
$293,576Volatile liabilities
$295,180Insider loans
$185,749FHLB advances
$300,064Loans and leases held for sale
$6,158Unused loan commitments
$0Tier 1 (core) risk-based capital
$28,648Tier 2 risk-based capital
$6,158Total risk weighted assets
$0Total unused commitments
$20,715Restructured Loans and leases
$514Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$11,352Total interest income
$3,058Total interest expense
$8,294Net interest income
$776Provision for loan and lease losses
$775Total noninterest income
$28Fiduciary activities
$162Service charges on deposit accounts
$0Trading account gains & fees
$585Additional noninterest income
$5,947Total noninterest expense
$3,489Salaries and employee benefits
$452Premises and equipment expense
$2,006Additional noninterest expense
$2,346Pre-tax net operating income
$253Securities gains (losses)
$682Applicable income taxes
$1,917Income before extraordinary items
$0Extraordinary gains - net
$1,917Net income attributable to bank
$0Net charge-offs
$1,917Cash dividends
$250Sale, conversion, retirement of capital stock, net
$600Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.10%Yield on earning assets
1.10%Cost of funding earning assets
2.99%Net interest margin
0.28%Noninterest income to earning assets
2.15%Noninterest expense to earning assets
0.59%Net operating income to assets
0.65%Return on assets (ROA)
0.89%Pretax return on assets
6.70%Return on equity (ROE)
4.60%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
310.40%Credit loss provision to net charge-offs
12.49%Efficiency ratio
65,575Assets per employee
5.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.30%Loss allowance to loans
1.71%Loss allowance to noncurrent loans
93.78%Noncurrent assets plus other real estate owned to assets
1.21%Noncurrent loans to loans
1.82%Net loans and leases to deposits
56.05%Net loans and leases to core deposits
58.47%Equity capital to assets
10.00%Core capital (leverage) ratio
9.55%Tier 1 risk-based capital ratio
15.42%Total risk-based capital ratio
Memoranda
$17Average assets
$293,576Average earning assets
$28,611Average equity
$277,182Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$20,786Managed Assets
1Number of Accounts
$13,226Personal trust and agency accounts
$9,140Employee benefit-defined contribution accounts
$4,086Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
106Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$7,560Other retirement accounts
$225Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

4 Indiana Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	2870	The First National Bank Of Monterey	6222 E. Main Street, Monterey, IN 46960	August 01, 1910	Full Service Brick and Mortar
2	203469	Winamac Branch	556 North Us 35, Winamac, IN 46996	September 28, 1981	Full Service Brick and Mortar
4	203471	Culver Branch	1049 Lake Shore Drive, Culver, IN 46511	May 24, 1993	Full Service Brick and Mortar
5	203472	North Judson Branch	902 West Talmer, North Judson, IN 46366	April 15, 1996	Full Service Brick and Mortar

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

The First National Bank of Monterey - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

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

The First National Bank of Monterey - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

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