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

This bank is inactive as of April 01, 2007

  • The First National Bank of Portland in Portland, Indiana (IN)
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The First National Bank of Portland - Overview

  • General
  • FDIC Certificate #: 4371
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Merchants Bank National Association (#4365)
    Federal Reserve ID: 952547
    Date Established: January 01, 1904
    WWW: http://www.firstmerchants.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 12163
    FDIC's unique #: 2876
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 01, 2007
    Last Structure Change Process Date: April 25, 2007
    Last Data Update: April 25, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 112 West Main Street, Portland, IN 47371
    County: Jay
    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
  • Financial Summary
  • Total assets: $124.9 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, 2006)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $126,403Total assets
  • $3,998Cash and due from depository institutions
  • $137Interest-bearing balances
  • $12,174Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $103,947Net loans & leases
  • $755Loan loss allowance
  • $0Trading account assets
  • $297Bank premises and fixed assets
  • $29Other real estate owned
  • $79Goodwill and other intangibles
  • $3,294Life insurance assets
  • $5,879All other assets
  • $126,403Total liabilities and capital
  • $116,303Total liabilities
  • $99,952Total deposits
  • $89,858Interest-bearing deposits
  • $99,952Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,592Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,000Other borrowed funds
  • $0Subordinated debt
  • $1,759All other liabilities
  • $10,100Total equity capital
  • $10,100Total bank equity capital
  • $10,100Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $3,031Undivided profits
  • Memoranda
  • $6,869Noncurrent loans and leases
  • $18,890Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $259Earning assets
  • $0Long-term assets (5+ years)
  • $1,056Average Assets, year-to-date
  • $116,258Average Assets, quarterly
  • $22,032Volatile liabilities
  • $120,775Insider loans
  • $124,747FHLB advances
  • $26,289Loans and leases held for sale
  • $1,643Unused loan commitments
  • $9,000Tier 1 (core) risk-based capital
  • $554Tier 2 risk-based capital
  • $212Total risk weighted assets
  • $18,890Total unused commitments
  • $26Restructured Loans and leases
  • $755Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $7,919Total interest income
  • $3,120Total interest expense
  • $4,799Net interest income
  • $240Provision for loan and lease losses
  • $721Total noninterest income
  • $0Fiduciary activities
  • $294Service charges on deposit accounts
  • $0Trading account gains & fees
  • $427Additional noninterest income
  • $2,979Total noninterest expense
  • $1,382Salaries and employee benefits
  • $171Premises and equipment expense
  • $1,426Additional noninterest expense
  • $2,301Pre-tax net operating income
  • $0Securities gains (losses)
  • $854Applicable income taxes
  • $1,447Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,447Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $239Sale, conversion, retirement of capital stock, net
  • $832Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.08%Yield on earning assets
  • 2.79%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 2.66%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.91%Pretax return on assets
  • 14.90%Return on equity (ROE)
  • 6.33%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 100.42%Credit loss provision to net charge-offs
  • 10.63%Efficiency ratio
  • 53,967Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.50%Loss allowance to loans
  • 0.72%Loss allowance to noncurrent loans
  • 291.51%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 104.00%Net loans and leases to core deposits
  • 124.85%Equity capital to assets
  • 7.99%Core capital (leverage) ratio
  • 8.04%Tier 1 risk-based capital ratio
  • 10.36%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $120,775Average earning assets
  • $9,712Average equity
  • $111,868Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $20,304Managed Assets
  • 1Number of Accounts
  • $11,601Personal trust and agency accounts
  • $9,565Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $2,036Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 49Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8,703Other retirement accounts
  • $8,696Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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