The Fountain Trust Company in Covington, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Fountain Trust Company - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Summary
  • Total 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
  • 104Total employees (full-time equivalent)
  • $260,182Total assets
  • $48,901Cash and due from depository institutions
  • $40,658Interest-bearing balances
  • $66,133Securities
  • $529Federal funds sold & reverse repurchase agreements
  • $135,792Net loans & leases
  • $2,550Loan loss allowance
  • $0Trading account assets
  • $4,160Bank premises and fixed assets
  • $577Other real estate owned
  • $1,032Goodwill and other intangibles
  • $260,182Life insurance assets
  • $3,058All other assets
  • $227,336Total liabilities and capital
  • $226,090Total liabilities
  • $186,421Total deposits
  • $226,090Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $799Trading liabilities
  • $0Other borrowed funds
  • $447Subordinated debt
  • $32,846All other liabilities
  • $32,846Total equity capital
  • $32,846Total bank equity capital
  • $0Perpetual preferred stock
  • $242Common stock
  • $3,058Surplus
  • $29,546Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,847Income earned, not collected on loans
  • $0Earning assets
  • $1,604Long-term assets (5+ years)
  • $243,112Average Assets, year-to-date
  • $52,182Average Assets, quarterly
  • $254,696Volatile liabilities
  • $257,326Insider loans
  • $133,680FHLB advances
  • $258,319Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,114Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,029Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,365Total interest income
  • $2,052Total interest expense
  • $8,313Net interest income
  • $833Provision for loan and lease losses
  • $1,821Total noninterest income
  • $37Fiduciary activities
  • $772Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,012Additional noninterest income
  • $6,673Total noninterest expense
  • $3,972Salaries and employee benefits
  • $877Premises and equipment expense
  • $1,824Additional noninterest expense
  • $2,628Pre-tax net operating income
  • $241Securities gains (losses)
  • $832Applicable income taxes
  • $2,037Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,037Net income attributable to bank
  • $0Net charge-offs
  • $2,037Cash dividends
  • $583Sale, conversion, retirement of capital stock, net
  • $397Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.32%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.47%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 2.78%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 6.36%Return on equity (ROE)
  • 5.12%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 142.88%Credit loss provision to net charge-offs
  • 5.94%Efficiency ratio
  • 65,848Assets per employee
  • 2.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.49%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 89.57%Noncurrent assets plus other real estate owned to assets
  • 1.32%Noncurrent loans to loans
  • 2.06%Net loans and leases to deposits
  • 60.06%Net loans and leases to core deposits
  • 60.48%Equity capital to assets
  • 12.62%Core capital (leverage) ratio
  • 12.04%Tier 1 risk-based capital ratio
  • 23.27%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $254,696Average earning assets
  • $32,047Average equity
  • $239,892Average 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
  • $25,526Managed Assets
  • 1Number of Accounts
  • $14,015Personal trust and agency accounts
  • $7,097Employee benefit-defined contribution accounts
  • $1,423Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $181Investment management agency accounts
  • $0Other fiduciary accounts
  • $5,314Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 75Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $11,511Other retirement accounts
  • $5,925Corporate trust and agency accounts
  • $974Other fiduciary accounts
  • $4,300Fiduciary accounts held in foreign offices

List of branches

  • 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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