The Friendship State Bank in Friendship, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Friendship State Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 95Total employees (full-time equivalent)
  • $299,721Total assets
  • $11,898Cash and due from depository institutions
  • $9,793Interest-bearing balances
  • $46,802Securities
  • $8,191Federal funds sold & reverse repurchase agreements
  • $215,737Net loans & leases
  • $2,191Loan loss allowance
  • $0Trading account assets
  • $7,183Bank premises and fixed assets
  • $724Other real estate owned
  • $1,675Goodwill and other intangibles
  • $299,721Life insurance assets
  • $7,511All other assets
  • $273,379Total liabilities and capital
  • $258,934Total liabilities
  • $246,351Total deposits
  • $258,934Interest-bearing deposits
  • $66Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,000Trading liabilities
  • $0Other borrowed funds
  • $2,445Subordinated debt
  • $26,342All other liabilities
  • $26,342Total equity capital
  • $26,342Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $16,988Surplus
  • $9,054Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,072Income earned, not collected on loans
  • $0Earning assets
  • $1,538Long-term assets (5+ years)
  • $280,523Average Assets, year-to-date
  • $169,124Average Assets, quarterly
  • $296,651Volatile liabilities
  • $301,016Insider loans
  • $177,334FHLB advances
  • $307,214Loans and leases held for sale
  • $2,054Unused loan commitments
  • $2,054Tier 1 (core) risk-based capital
  • $24,645Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,129Restructured Loans and leases
  • $7,128Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,821Total interest income
  • $4,297Total interest expense
  • $11,524Net interest income
  • $1,040Provision for loan and lease losses
  • $2,997Total noninterest income
  • $22Fiduciary activities
  • $1,110Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,865Additional noninterest income
  • $9,533Total noninterest expense
  • $5,633Salaries and employee benefits
  • $1,426Premises and equipment expense
  • $2,474Additional noninterest expense
  • $3,948Pre-tax net operating income
  • $40Securities gains (losses)
  • $1,331Applicable income taxes
  • $2,657Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,657Net income attributable to bank
  • $0Net charge-offs
  • $2,657Cash dividends
  • $1,046Sale, conversion, retirement of capital stock, net
  • $698Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.71%Yield on earning assets
  • 1.55%Cost of funding earning assets
  • 4.16%Net interest margin
  • 1.08%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 10.45%Return on equity (ROE)
  • 7.70%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 99.43%Credit loss provision to net charge-offs
  • 4.77%Efficiency ratio
  • 65,650Assets per employee
  • 3.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.27%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 204.38%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.49%Net loans and leases to deposits
  • 83.32%Net loans and leases to core deposits
  • 88.80%Equity capital to assets
  • 8.79%Core capital (leverage) ratio
  • 8.02%Tier 1 risk-based capital ratio
  • 13.90%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $296,651Average earning assets
  • $25,426Average equity
  • $277,072Average 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
  • $3,132Managed Assets
  • 1Number of Accounts
  • $2,653Personal trust and agency accounts
  • $2,653Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 26Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $479Other retirement accounts
  • $208Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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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