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

The First National Bank of Monterey - Overview

  • General
  • FDIC Certificate #: 4364
    Status: Active
    Federal Reserve ID: 44040
    Date Established: August 01, 1910
    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
  • NoIDNameAddressEstablishedService TypeMap
    02870The First National Bank Of Monterey6222 E. Main Street, Monterey, IN 46960August 01, 1910Full Service Brick and Mortar
    2203469Winamac Branch556 North Us 35, Winamac, IN 46996September 28, 1981Full Service Brick and Mortar
    4203471Culver Branch1049 Lake Shore Drive, Culver, IN 46511May 24, 1993Full Service Brick and Mortar
    5203472North Judson Branch902 West Talmer, North Judson, IN 46366April 15, 1996Full Service Brick and Mortar

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