The Friendship State Bank in Friendship, Indiana (IN)



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The Friendship State Bank routing number info

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The Friendship State Bank
GeneralFDIC Certificate #: 13130
Status: Active
Federal Reserve ID: 427241
Bank Holding Company (Regulatory Top Holder): Friendship Bancorp (RSSDID: 1401154, Location: Friendship, IN)
Date Established: October 26, 1912
WWW: http://www.friendshipstatebank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Domestic: 6, Interstate: No)
FDIC's unique #: 8304
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 5908 E Main Street, Friendship, IN 47021
County: Ripley
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
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $299.7 mil
Equity capital: $26.3 mil
Deposits held in domestic offices: $258.9 mil
Return on assets (ROA): 0.90% ($2.7 mil)
Quarterly return on assets: 1.11% ($3.3 mil)
Return on Equity (ROE): 10.45% ($2.7 mil)
Quarterly return on equity: 12.78% ($3.3 mil)
Net income: $2.7 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.34% ($4,016.3 mil)
Quarterly Pretax return on assets: 1.70% ($5,095.3 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)95
Total assets$299,721
Cash and due from depository institutions$11,898
Interest-bearing balances$9,793
Securities$46,802
Federal funds sold & reverse repurchase agreements$8,191
Net loans & leases$215,737
Loan loss allowance $2,191
Trading account assets$0
Bank premises and fixed assets$7,183
Other real estate owned$724
Goodwill and other intangibles$1,675
All other assets$7,511
Life insurance assets$299,721
Total liabilities and capital$273,379
Total liabilities$258,934
Total deposits$246,351
Interest-bearing deposits$258,934
Deposits held in domestic offices$66
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$12,000
Other borrowed funds $0
Subordinated debt $2,445
All other liabilities $26,342
Total equity capital$26,342
Total bank equity capital$26,342
Perpetual preferred stock$0
Common stock$300
Surplus$16,988
Undivided profits $9,054
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 $1,072
Earning assets $0
Long-term assets (5+ years) $1,538
Average Assets, year-to-date $280,523
Average Assets, quarterly $169,124
Volatile liabilities $296,651
Insider loans $301,016
FHLB advances $177,334
Loans and leases held for sale $307,214
Unused loan commitments $2,054
Tier 1 (core) risk-based capital $2,054
Tier 2 risk-based capital $24,645
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,129
Derivatives$7,128
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $15,821
Total interest expense $4,297
Net interest income $11,524
Provision for loan and lease losses $1,040
Total noninterest income $2,997
Fiduciary activities $22
Service charges on deposit accounts $1,110
Trading account gains & fees $0
Additional noninterest income $1,865
Total noninterest expense $9,533
Salaries and employee benefits $5,633
Premises and equipment expense $1,426
Additional noninterest expense $2,474
Pre-tax net operating income $3,948
Securities gains (losses) $40
Applicable income taxes $1,331
Income before extraordinary items $2,657
Extraordinary gains - net $0
Net income attributable to bank $2,657
Net charge-offs $0
Cash dividends $2,657
Sale, conversion, retirement of capital stock, net $1,046
Net operating income $698
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.71%
Cost of funding earning assets 1.55%
Net interest margin 4.16%
Noninterest income to earning assets 1.08%
Noninterest expense to earning assets 3.44%
Net operating income to assets 0.89%
Return on assets (ROA) 0.90%
Pretax return on assets 1.34%
Return on equity (ROE) 10.45%
Retained earnings to average equity (YTD only) 7.70%
Net charge-offs to loans 0.48%
Credit loss provision to net charge-offs 99.43%
Efficiency ratio4.77%
Assets per employee$65,650
Cash dividends to net income (YTD only)3.15%
Condition Ratios (%)
Loss allowance to loans 26.27%
Loss allowance to noncurrent loans 1.01%
Noncurrent assets plus other real estate owned to assets 204.38%
Noncurrent loans to loans 0.60%
Net loans and leases to deposits0.49%
Net loans and leases to core deposits 83.32%
Equity capital to assets 88.80%
Core capital (leverage) ratio 8.79%
Tier 1 risk-based capital ratio 8.02%
Total risk-based capital ratio 13.90%
Memoranda
Average assets$15
Average earning assets$296,651
Average equity $25,426
Average loans $277,072
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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$3,132
Number of Accounts1
Personal trust and agency accounts$2,653
Employee benefit-defined contribution accounts$2,653
Employee benefit-defined benefit accounts$0
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 Accounts26
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$479
Corporate trust and agency accounts$208
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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6 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08304The Friendship State Bank5908 E Main Street, Friendship, IN 47021October 26, 1912Full Service Brick and Mortar
1229172Dillsboro Branch12933 Lenover Street, Dillsboro, IN 47018October 19, 1989Full Service Brick and Mortar
3229174401 Main Street Branch401 Main Street, Rising Sun, IN 47040Febuary 19, 1998Full Service Brick and Mortar
4359495Versailles Branch430 West U.S. 50, Versailles, IN 47042October 30, 2000Full Service Brick and Mortar
5451934Vevay Branch221 West Main Street, Vevay, IN 47043January 07, 2006Full Service Brick and Mortar
6487489Batesville Branch1362 State Road 46e, Batesville, IN 47006January 17, 2009Full Service Brick and Mortar
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