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



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The First National Bank of Monterey routing number info

Table of contents:
The First National Bank of Monterey
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)54
Total assets$294,801
Cash and due from depository institutions$11,657
Interest-bearing balances$10,153
Securities$121,327
Federal funds sold & reverse repurchase agreements$690
Net loans & leases$148,172
Loan loss allowance $2,578
Trading account assets$0
Bank premises and fixed assets$966
Other real estate owned$822
Goodwill and other intangibles$0
All other assets$11,167
Life insurance assets$294,802
Total liabilities and capital$265,333
Total liabilities$264,347
Total deposits$239,517
Interest-bearing deposits$264,347
Deposits held in domestic offices$81
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $986
All other liabilities $29,469
Total equity capital$29,469
Total bank equity capital$29,469
Perpetual preferred stock$0
Common stock$200
Surplus$200
Undivided profits $29,069
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 $2,749
Earning assets $0
Long-term assets (5+ years) $2,499
Average Assets, year-to-date $280,342
Average Assets, quarterly $97,460
Volatile liabilities $293,576
Insider loans $295,180
FHLB advances $185,749
Loans and leases held for sale $300,064
Unused loan commitments $6,158
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $28,648
Total risk weighted assets $6,158
Total unused commitments $0
Restructured Loans and leases $20,715
Derivatives$514
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,352
Total interest expense $3,058
Net interest income $8,294
Provision for loan and lease losses $776
Total noninterest income $775
Fiduciary activities $28
Service charges on deposit accounts $162
Trading account gains & fees $0
Additional noninterest income $585
Total noninterest expense $5,947
Salaries and employee benefits $3,489
Premises and equipment expense $452
Additional noninterest expense $2,006
Pre-tax net operating income $2,346
Securities gains (losses) $253
Applicable income taxes $682
Income before extraordinary items $1,917
Extraordinary gains - net $0
Net income attributable to bank $1,917
Net charge-offs $0
Cash dividends $1,917
Sale, conversion, retirement of capital stock, net $250
Net operating income $600
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.10%
Cost of funding earning assets 1.10%
Net interest margin 2.99%
Noninterest income to earning assets 0.28%
Noninterest expense to earning assets 2.15%
Net operating income to assets 0.59%
Return on assets (ROA) 0.65%
Pretax return on assets 0.89%
Return on equity (ROE) 6.70%
Retained earnings to average equity (YTD only) 4.60%
Net charge-offs to loans 0.17%
Credit loss provision to net charge-offs 310.40%
Efficiency ratio12.49%
Assets per employee$65,575
Cash dividends to net income (YTD only)5.46%
Condition Ratios (%)
Loss allowance to loans 31.30%
Loss allowance to noncurrent loans 1.71%
Noncurrent assets plus other real estate owned to assets 93.78%
Noncurrent loans to loans 1.21%
Net loans and leases to deposits1.82%
Net loans and leases to core deposits 56.05%
Equity capital to assets 58.47%
Core capital (leverage) ratio 10.00%
Tier 1 risk-based capital ratio 9.55%
Total risk-based capital ratio 15.42%
Memoranda
Average assets$17
Average earning assets$293,576
Average equity $28,611
Average loans $277,182
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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$20,786
Number of Accounts1
Personal trust and agency accounts$13,226
Employee benefit-defined contribution accounts$9,140
Employee benefit-defined benefit accounts$4,086
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 Accounts106
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$7,560
Corporate trust and agency accounts$225
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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