The Fountain Trust Company in Covington, Indiana (IN)



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The Fountain Trust Company routing number info

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The Fountain Trust Company
GeneralFDIC Certificate #: 5768
Status: Active
Federal Reserve ID: 145844
Bank Holding Company (Regulatory Top Holder): Piper Holdings, Inc. (RSSDID: 3033045, Location: Covington, IN)
Date Established: January 01, 1903
WWW: http://www.fountaintrust.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 11 (Domestic: 11, Interstate: No)
OTS Docket #: 11304
FDIC's unique #: 3935
Numeric code: 21
Regulator: FDIC
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: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 02, 2010
Last Structure Change Process Date: June 02, 2010
Last Data Update: June 02, 2010
Data Source Date: April 05, 2012
LocationAddress: 1 Fountain Square, Covington, IN 47932
County: Fountain
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 SummaryTotal assets: $260.2 mil
Equity capital: $32.8 mil
Deposits held in domestic offices: $226.1 mil
Return on assets (ROA): 0.80% ($2.1 mil)
Quarterly return on assets: 0.48% ($1.2 mil)
Return on Equity (ROE): 6.36% ($2.1 mil)
Quarterly return on equity: 3.74% ($1.2 mil)
Net income: $2.0 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.13% ($2,940.1 mil)
Quarterly Pretax return on assets: 0.65% ($1,691.2 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)104
Total assets$260,182
Cash and due from depository institutions$48,901
Interest-bearing balances$40,658
Securities$66,133
Federal funds sold & reverse repurchase agreements$529
Net loans & leases$135,792
Loan loss allowance $2,550
Trading account assets$0
Bank premises and fixed assets$4,160
Other real estate owned$577
Goodwill and other intangibles$1,032
All other assets$3,058
Life insurance assets$260,182
Total liabilities and capital$227,336
Total liabilities$226,090
Total deposits$186,421
Interest-bearing deposits$226,090
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$799
Other borrowed funds $0
Subordinated debt $447
All other liabilities $32,846
Total equity capital$32,846
Total bank equity capital$32,846
Perpetual preferred stock$0
Common stock$242
Surplus$3,058
Undivided profits $29,546
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 $2,847
Earning assets $0
Long-term assets (5+ years) $1,604
Average Assets, year-to-date $243,112
Average Assets, quarterly $52,182
Volatile liabilities $254,696
Insider loans $257,326
FHLB advances $133,680
Loans and leases held for sale $258,319
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $31,114
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $22,029
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,365
Total interest expense $2,052
Net interest income $8,313
Provision for loan and lease losses $833
Total noninterest income $1,821
Fiduciary activities $37
Service charges on deposit accounts $772
Trading account gains & fees $0
Additional noninterest income $1,012
Total noninterest expense $6,673
Salaries and employee benefits $3,972
Premises and equipment expense $877
Additional noninterest expense $1,824
Pre-tax net operating income $2,628
Securities gains (losses) $241
Applicable income taxes $832
Income before extraordinary items $2,037
Extraordinary gains - net $0
Net income attributable to bank $2,037
Net charge-offs $0
Cash dividends $2,037
Sale, conversion, retirement of capital stock, net $583
Net operating income $397
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.32%
Cost of funding earning assets 0.86%
Net interest margin 3.47%
Noninterest income to earning assets 0.76%
Noninterest expense to earning assets 2.78%
Net operating income to assets 0.73%
Return on assets (ROA) 0.80%
Pretax return on assets 1.13%
Return on equity (ROE) 6.36%
Retained earnings to average equity (YTD only) 5.12%
Net charge-offs to loans 0.44%
Credit loss provision to net charge-offs 142.88%
Efficiency ratio5.94%
Assets per employee$65,848
Cash dividends to net income (YTD only)2.50%
Condition Ratios (%)
Loss allowance to loans 19.49%
Loss allowance to noncurrent loans 1.84%
Noncurrent assets plus other real estate owned to assets 89.57%
Noncurrent loans to loans 1.32%
Net loans and leases to deposits2.06%
Net loans and leases to core deposits 60.06%
Equity capital to assets 60.48%
Core capital (leverage) ratio 12.62%
Tier 1 risk-based capital ratio 12.04%
Total risk-based capital ratio 23.27%
Memoranda
Average assets$25
Average earning assets$254,696
Average equity $32,047
Average loans $239,892
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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$25,526
Number of Accounts1
Personal trust and agency accounts$14,015
Employee benefit-defined contribution accounts$7,097
Employee benefit-defined benefit accounts$1,423
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$181
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$5,314
Non-managed Assets$0
Number of Accounts75
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$11,511
Corporate trust and agency accounts$5,925
Other fiduciary accounts$974
Fiduciary accounts held in foreign offices$4,300
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11 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
03935The Fountain Trust Company1 Fountain Square, Covington, IN 47932January 01, 1903Full Service Brick and Mortar
1208126Kingman Branch110 East State Street, Kingman, IN 47952October 14, 1935Full Service Brick and Mortar
3208128Mellott Branch206 Main Street, Veedersburg, IN 47987Febuary 10, 1981Full Service Brick and Mortar
4208129Attica Branch427 East Main Street, Attica, IN 47918October 21, 1981Full Service Brick and Mortar
5208130Waynetown Branch110 East Washington, Waynetown, IN 47990Febuary 03, 1997Full Service Brick and Mortar
79149Darlington Heritage Bank & Trust Co.115 W Main Street, Darlington, IN 47940November 20, 1906Full Service Brick and Mortar
8231839Lafayette Branch811 North Creasy Lane, Lafayette, IN 47902October 28, 1989Full Service Brick and Mortar
9425246Rockville Branch1250 North Lincoln Road, Rockville, IN 47872Febuary 07, 2004Full Service Brick and Mortar
10429714Crawfordsville Branch1700 East Main Street, Crawfordsville, IN 47933June 14, 2004Full Service Brick and Mortar
11492934Veedersburg Branch214 E Second St, Veedersburg, IN 47987August 27, 2008Full Service Brick and Mortar
12510423Ferry Street Lafayette Branch302 Ferry Street, Lafayette, IN 47901July 12, 2010Full Service Brick and Mortar
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