FDIC Certificate #: 5789 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community First Bank & Trust (#10660) Federal Reserve ID: 701446 Date Established: July 20, 1931 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 14356 FDIC's unique #: 3950 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: June 30, 1999 Last Structure Change Process Date: August 13, 1999 Last Data Update: August 13, 1999 Data Source Date: April 05, 2012
Location
Address: Pearl And Broadway, Union City, IN 47390 County: Randolph 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
Financial Summary
Total assets: $44.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
20Total employees (full-time equivalent)
$46,014Total assets
$5,242Cash and due from depository institutions
$6Interest-bearing balances
$3,887Securities
$600Federal funds sold & reverse repurchase agreements
$34,363Net loans & leases
$433Loan loss allowance
$0Trading account assets
$664Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,258All other assets
$46,014Total liabilities and capital
$42,747Total liabilities
$42,488Total deposits
$35,782Interest-bearing deposits
$42,488Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$37Other borrowed funds
$0Subordinated debt
$222All other liabilities
$3,267Total equity capital
$3,267Total bank equity capital
$3,267Perpetual preferred stock
$0Common stock
$600Surplus
$1,600Undivided profits
Memoranda
$1,067Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$20Earning assets
$0Long-term assets (5+ years)
$405Average Assets, year-to-date
$38,856Average Assets, quarterly
$3,645Volatile liabilities
$42,625Insider loans
$44,199FHLB advances
$3,427Loans and leases held for sale
$950Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,059Total unused commitments
$0Restructured Loans and leases
$31,056Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,211Total interest income
$1,421Total interest expense
$1,790Net interest income
$44Provision for loan and lease losses
$296Total noninterest income
$0Fiduciary activities
$155Service charges on deposit accounts
$0Trading account gains & fees
$141Additional noninterest income
$1,205Total noninterest expense
$631Salaries and employee benefits
$152Premises and equipment expense
$422Additional noninterest expense
$837Pre-tax net operating income
$3Securities gains (losses)
$281Applicable income taxes
$559Income before extraordinary items
$0Extraordinary gains - net
$559Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$32Sale, conversion, retirement of capital stock, net
$1,095Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.44%Yield on earning assets
3.74%Cost of funding earning assets
4.71%Net interest margin
0.78%Noninterest income to earning assets
3.17%Noninterest expense to earning assets
1.31%Net operating income to assets
1.31%Return on assets (ROA)
1.97%Pretax return on assets
16.06%Return on equity (ROE)
-15.40%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
137.50%Credit loss provision to net charge-offs
27.53%Efficiency ratio
57,766Assets per employee
2.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
195.89%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
2165.00%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.06%Net loans and leases to deposits
80.88%Net loans and leases to core deposits
87.89%Equity capital to assets
7.10%Core capital (leverage) ratio
7.47%Tier 1 risk-based capital ratio
10.46%Total risk-based capital ratio
Memoranda
$12Average assets
$42,625Average earning assets
$3,480Average equity
$38,030Average loans
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