United Federal Savings Bank of Vincennes in Vincennes, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 1997

United Federal Savings Bank of Vincennes in Vincennes, Indiana (IN)
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United Federal Savings Bank of Vincennes - Overview

General
FDIC Certificate #: 29621
Status: Inactive
Closing history: Corrections
Acquiring institution: Alliance Bank (#10106)
Federal Reserve ID: 336174
Date Established: January 01, 1905
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3768
FDIC's unique #: 42455
Numeric code: 34
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: April 27, 1936
Last Structure Change Effective Date: June 30, 1997
Last Structure Change Process Date: July 08, 1997
Last Data Update: September 09, 1997
Data Source Date: April 05, 2012
Location
Address: 619 Main St, Vincennes, IN 47591
County: Knox
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): Vincennes, IN (#47180)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $95.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$34Total assets
$98,563Cash and due from depository institutions
$2,031Interest-bearing balances
$892Securities
$16,467Federal funds sold & reverse repurchase agreements
$4,050Net loans & leases
$72,491Loan loss allowance
$358Trading account assets
$0Bank premises and fixed assets
$1,356Other real estate owned
$0Goodwill and other intangibles
$2,168Life insurance assets
$0All other assets
$0Total liabilities and capital
$98,563Total liabilities
$90,421Total deposits
$86,887Interest-bearing deposits
$86,887Deposits held in domestic offices
86887.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$365Trading liabilities
$0Other borrowed funds
$2,000Subordinated debt
$0All other liabilities
$1,169Total equity capital
$1,169Total bank equity capital
$8,142Perpetual preferred stock
$0Common stock
$5Surplus
$2,885Undivided profits
Memoranda
$5,252Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$255Income earned, not collected on loans
$438Earning assets
$93,900Long-term assets (5+ years)
$0Average Assets, year-to-date
$101,303Average Assets, quarterly
$98,829Volatile liabilities
$15,036Insider loans
$325FHLB advances
$2,000Loans and leases held for sale
$0Unused loan commitments
$5,728Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,124Total risk weighted assets
$57,666Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$7,460Total interest expense
$4,308Net interest income
$3,152Provision for loan and lease losses
$24Total noninterest income
$948Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$948Total noninterest expense
$2,842Salaries and employee benefits
$1,121Premises and equipment expense
$384Additional noninterest expense
$1,337Pre-tax net operating income
$1,234Securities gains (losses)
$92Applicable income taxes
$475Income before extraordinary items
$851Extraordinary gains - net
$0Net income attributable to bank
$851Net charge-offs
$34Cash dividends
$4,075Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.76%Cost of funding earning assets
4.48%Net interest margin
3.28%Noninterest income to earning assets
0.99%Noninterest expense to earning assets
2.96%Net operating income to assets
0.78%Return on assets (ROA)
0.84%Pretax return on assets
1.31%Return on equity (ROE)
9.08%Retained earnings to average equity (YTD only)
-34.41%Net charge-offs to loans
0.05%Credit loss provision to net charge-offs
70.59%Efficiency ratio
69,317Assets per employee
2.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
478.85%Loss allowance to loans
0.49%Loss allowance to noncurrent loans
131.76%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.35%Net loans and leases to deposits
83.43%Net loans and leases to core deposits
97.68%Equity capital to assets
8.26%Core capital (leverage) ratio
8.24%Tier 1 risk-based capital ratio
14.09%Total risk-based capital ratio
Memoranda
$15Average assets
$101,303Average earning assets
$9,369Average equity
$96,154Average loans

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