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

This bank is inactive as of April 01, 1994

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

  • General
  • FDIC Certificate #: 8041
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Community Trust Bank (#4420)
    Federal Reserve ID: 737342
    Date Established: March 04, 1924
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 5118
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 01, 1994
    Last Structure Change Process Date: May 03, 1994
    Last Data Update: May 03, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: Highway 257, Otwell, IN 47564
    County: Pike
    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
    Core Based Statistical Area (CBSA): Jasper, IN (#27540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
    Participated in Reorganization
    Corrections
  • Financial Summary
  • Total assets: $16.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $9Total assets
  • $15,766Cash and due from depository institutions
  • $2,400Interest-bearing balances
  • $2,096Securities
  • $2,899Federal funds sold & reverse repurchase agreements
  • $1,100Net loans & leases
  • $8,971Loan loss allowance
  • $232Trading account assets
  • $0Bank premises and fixed assets
  • $110Other real estate owned
  • $7Goodwill and other intangibles
  • $279Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $15,766Total liabilities
  • $13,697Total deposits
  • $13,626Interest-bearing deposits
  • $12,224Deposits held in domestic offices
  • 13626.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $71Total equity capital
  • $71Total bank equity capital
  • $2,069Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $900Undivided profits
  • Memoranda
  • $969Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13Income earned, not collected on loans
  • $139Earning assets
  • $15,066Long-term assets (5+ years)
  • $603Average Assets, year-to-date
  • $15,695Average Assets, quarterly
  • $15,874Volatile liabilities
  • $1,266Insider loans
  • $371FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $742Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,069Total risk weighted assets
  • $9,582Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,123Total interest expense
  • $472Net interest income
  • $651Provision for loan and lease losses
  • $80Total noninterest income
  • $41Fiduciary activities
  • $0Service charges on deposit accounts
  • $30Trading account gains & fees
  • $0Additional noninterest income
  • $11Total noninterest expense
  • $459Salaries and employee benefits
  • $232Premises and equipment expense
  • $49Additional noninterest expense
  • $178Pre-tax net operating income
  • $153Securities gains (losses)
  • $0Applicable income taxes
  • $87Income before extraordinary items
  • $66Extraordinary gains - net
  • $0Net income attributable to bank
  • $66Net charge-offs
  • -$1Cash dividends
  • $24Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.50%Cost of funding earning assets
  • 3.15%Net interest margin
  • 4.35%Noninterest income to earning assets
  • 0.27%Noninterest expense to earning assets
  • 3.07%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 0.97%Return on equity (ROE)
  • 3.20%Retained earnings to average equity (YTD only)
  • 2.04%Net charge-offs to loans
  • -0.01%Credit loss provision to net charge-offs
  • -8000.00%Efficiency ratio
  • 66,329Assets per employee
  • 1.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.36%Loss allowance to loans
  • 2.52%Loss allowance to noncurrent loans
  • 1784.62%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.14%Net loans and leases to deposits
  • 65.84%Net loans and leases to core deposits
  • 72.58%Equity capital to assets
  • 13.12%Core capital (leverage) ratio
  • 12.19%Tier 1 risk-based capital ratio
  • 21.59%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $15,695Average earning assets
  • $2,062Average equity
  • $14,969Average loans

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