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

  • The New Washington State Bank in New Washington, Indiana (IN)
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The New Washington State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 80Total employees (full-time equivalent)
  • $226,650Total assets
  • $19,626Cash and due from depository institutions
  • $16,800Interest-bearing balances
  • $21,789Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $176,022Net loans & leases
  • $3,229Loan loss allowance
  • $0Trading account assets
  • $5,285Bank premises and fixed assets
  • $1,241Other real estate owned
  • $142Goodwill and other intangibles
  • $226,650Life insurance assets
  • $2,545All other assets
  • $201,953Total liabilities and capital
  • $199,533Total liabilities
  • $166,674Total deposits
  • $199,533Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $420Subordinated debt
  • $24,697All other liabilities
  • $24,697Total equity capital
  • $24,697Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $9,200Surplus
  • $14,697Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $751Income earned, not collected on loans
  • $0Earning assets
  • $1,049Long-term assets (5+ years)
  • $214,611Average Assets, year-to-date
  • $35,122Average Assets, quarterly
  • $223,169Volatile liabilities
  • $225,118Insider loans
  • $177,310FHLB advances
  • $225,246Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,189Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,982Restructured Loans and leases
  • $3,144Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,487Total interest income
  • $1,661Total interest expense
  • $10,826Net interest income
  • $1,074Provision for loan and lease losses
  • $2,085Total noninterest income
  • $2Fiduciary activities
  • $881Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,202Additional noninterest income
  • $8,504Total noninterest expense
  • $4,543Salaries and employee benefits
  • $1,077Premises and equipment expense
  • $2,884Additional noninterest expense
  • $3,333Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $3,333Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,333Net income attributable to bank
  • $0Net charge-offs
  • $3,333Cash dividends
  • $1,007Sale, conversion, retirement of capital stock, net
  • $2,480Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.93%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 5.14%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 4.04%Noninterest expense to earning assets
  • 1.49%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 13.71%Return on equity (ROE)
  • 3.51%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 106.65%Credit loss provision to net charge-offs
  • 4.38%Efficiency ratio
  • 65,603Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.41%Loss allowance to loans
  • 1.80%Loss allowance to noncurrent loans
  • 429.96%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 88.22%Net loans and leases to core deposits
  • 90.65%Equity capital to assets
  • 10.90%Core capital (leverage) ratio
  • 10.74%Tier 1 risk-based capital ratio
  • 13.64%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $223,169Average earning assets
  • $24,308Average equity
  • $210,427Average 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
  • $1,192Managed Assets
  • 1Number of Accounts
  • $997Personal trust and agency accounts
  • $997Employee 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
  • 8Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $195Other retirement accounts
  • $195Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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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