The New Washington State Bank in New Washington, Indiana (IN)

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The New Washington State Bank
GeneralFDIC Certificate #: 13305
Status: Active
Federal Reserve ID: 305442
Bank Holding Company (Regulatory Top Holder): New Independent Bancshares, Inc. (RSSDID: 2257228, Location: New Washington, IN)
Date Established: March 08, 1908
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 11809
FDIC's unique #: 8413
Numeric code: 21
Regulator: FDIC
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: Yes
Asset Concentration Hierarchy: Commercial 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: 402 E Main Street, New Washington, IN 47162
County: Clark
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
Metropolitan Statistical Area (MSA): Louisville, KY-IN (#4520)
Combined Statistical Area (CSA): Louisville-Jefferson County-Elizabethtown-Scottsburg, KY-IN (#350)
Core Based Statistical Area (CBSA): Louisville-Jefferson County, KY-IN (#31140)
CBSA Metro Statistical Area: Louisville-Jefferson County, KY-IN (#31140)
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $226.7 mil
Equity capital: $24.7 mil
Deposits held in domestic offices: $199.5 mil
Return on assets (ROA): 1.49% ($3.4 mil)
Quarterly return on assets: 1.57% ($3.6 mil)
Return on Equity (ROE): 13.71% ($3.4 mil)
Quarterly return on equity: 14.34% ($3.6 mil)
Net income: $3.3 mil
Quarterly Net income: $0.9 mil
Pretax return on assets: 1.49% ($3,377.1 mil)
Quarterly Pretax return on assets: 1.57% ($3,558.4 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)80
Total assets$226,650
Cash and due from depository institutions$19,626
Interest-bearing balances$16,800
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$176,022
Loan loss allowance $3,229
Trading account assets$0
Bank premises and fixed assets$5,285
Other real estate owned$1,241
Goodwill and other intangibles$142
All other assets$2,545
Life insurance assets$226,650
Total liabilities and capital$201,953
Total liabilities$199,533
Total deposits$166,674
Interest-bearing deposits$199,533
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,000
Other borrowed funds $0
Subordinated debt $420
All other liabilities $24,697
Total equity capital$24,697
Total bank equity capital$24,697
Perpetual preferred stock$0
Common stock$800
Undivided profits $14,697
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 $751
Earning assets $0
Long-term assets (5+ years) $1,049
Average Assets, year-to-date $214,611
Average Assets, quarterly $35,122
Volatile liabilities $223,169
Insider loans $225,118
FHLB advances $177,310
Loans and leases held for sale $225,246
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $24,189
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,982
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,487
Total interest expense $1,661
Net interest income $10,826
Provision for loan and lease losses $1,074
Total noninterest income $2,085
Fiduciary activities $2
Service charges on deposit accounts $881
Trading account gains & fees $0
Additional noninterest income $1,202
Total noninterest expense $8,504
Salaries and employee benefits $4,543
Premises and equipment expense $1,077
Additional noninterest expense $2,884
Pre-tax net operating income $3,333
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $3,333
Extraordinary gains - net $0
Net income attributable to bank $3,333
Net charge-offs $0
Cash dividends $3,333
Sale, conversion, retirement of capital stock, net $1,007
Net operating income $2,480
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.93%
Cost of funding earning assets 0.79%
Net interest margin 5.14%
Noninterest income to earning assets 0.99%
Noninterest expense to earning assets 4.04%
Net operating income to assets 1.49%
Return on assets (ROA) 1.49%
Pretax return on assets 1.49%
Return on equity (ROE) 13.71%
Retained earnings to average equity (YTD only) 3.51%
Net charge-offs to loans 0.57%
Credit loss provision to net charge-offs 106.65%
Efficiency ratio4.38%
Assets per employee$65,603
Cash dividends to net income (YTD only)2.83%
Condition Ratios (%)
Loss allowance to loans 74.41%
Loss allowance to noncurrent loans 1.80%
Noncurrent assets plus other real estate owned to assets 429.96%
Noncurrent loans to loans 0.88%
Net loans and leases to deposits0.42%
Net loans and leases to core deposits 88.22%
Equity capital to assets 90.65%
Core capital (leverage) ratio 10.90%
Tier 1 risk-based capital ratio 10.74%
Total risk-based capital ratio 13.64%
Average assets$15
Average earning assets$223,169
Average equity $24,308
Average loans $210,427
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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$1,192
Number of Accounts1
Personal trust and agency accounts$997
Employee benefit-defined contribution accounts$997
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 Accounts8
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$195
Corporate trust and agency accounts$195
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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8 Indiana Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08413The New Washington State Bank402 E Main Street, New Washington, IN 47162March 08, 1908Full Service Brick and Mortar
1229461Henryville Branch203 Main Street, Henryville, IN 47126November 16, 1942Full Service Brick and Mortar
2229462Charlestown Branch1083 Market Street, Charlestown, IN 47111May 02, 1994Full Service Brick and Mortar
3229463Borden Branch430 West Water Street, Borden, IN 47106March 29, 1996Full Service Brick and Mortar
4229464Jeffersonville Branch1467 Youngstown Center, Jeffersonville, IN 47130June 19, 1997Full Service Brick and Mortar
5229465Sellersburg Branch8509 Old State Road 60, Sellersburg, IN 47172December 15, 1998Full Service Brick and Mortar
6422421Charlestown Drive-Thru Branch248 Market St., Charlestown, IN 47111October 16, 2002Limited Service Facility
9468542Scottsburg Branch1770 West Mcclain Avenue, Scottsburg, IN 47170October 15, 2007Full Service Brick and Mortar
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