Vevay Deposit Bank in Vevay, Indiana (IN)



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Vevay Deposit Bank
GeneralFDIC Certificate #: 5784
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Heritage Community Bank (#9088)
Federal Reserve ID: 947141
Date Established: April 05, 1892
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 3946
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: November 09, 2001
Last Structure Change Process Date: November 19, 2001
Last Data Update: November 19, 2001
Data Source Date: April 05, 2012
LocationAddress: Main Street, Vevay, IN 47043
County: Switzerland
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 SummaryTotal assets: $58.2 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)21
Total assets$59,544
Cash and due from depository institutions$4,430
Interest-bearing balances$2,569
Securities$6,164
Federal funds sold & reverse repurchase agreements$3,836
Net loans & leases$40,498
Loan loss allowance $647
Trading account assets$0
Bank premises and fixed assets$376
Other real estate owned$0
Goodwill and other intangibles$2,727
All other assets$1,513
Life insurance assets$0
Total liabilities and capital$59,544
Total liabilities$51,613
Total deposits$50,323
Interest-bearing deposits$44,089
Deposits held in domestic offices$50,323
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $1,290
Total equity capital$7,931
Total bank equity capital$7,931
Perpetual preferred stock$7,931
Common stock$0
Surplus$776
Undivided profits $6,258
Memoranda
Noncurrent loans and leases $897
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,543
Income earned, not collected on loans $0
Earning assets $60
Long-term assets (5+ years) $0
Average Assets, year-to-date $343
Average Assets, quarterly $53,067
Volatile liabilities $6,006
Insider loans $55,902
FHLB advances $57,950
Loans and leases held for sale $6,545
Unused loan commitments $543
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $2,543
Restructured Loans and leases $0
Derivatives$477
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $4,183
Total interest expense $1,841
Net interest income $2,342
Provision for loan and lease losses $70
Total noninterest income $391
Fiduciary activities $0
Service charges on deposit accounts $219
Trading account gains & fees $0
Additional noninterest income $172
Total noninterest expense $1,735
Salaries and employee benefits $856
Premises and equipment expense $156
Additional noninterest expense $723
Pre-tax net operating income $928
Securities gains (losses) $0
Applicable income taxes $366
Income before extraordinary items $562
Extraordinary gains - net $0
Net income attributable to bank $562
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $4
Net operating income $345
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.49%
Cost of funding earning assets 3.73%
Net interest margin 4.75%
Noninterest income to earning assets 0.79%
Noninterest expense to earning assets 3.52%
Net operating income to assets 1.01%
Return on assets (ROA) 1.01%
Pretax return on assets 1.66%
Return on equity (ROE) 7.25%
Retained earnings to average equity (YTD only) 2.80%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 1750.00%
Efficiency ratio249.50%
Assets per employee$54,153
Cash dividends to net income (YTD only)2.84%
Condition Ratios (%)
Loss allowance to loans 61.39%
Loss allowance to noncurrent loans 1.57%
Noncurrent assets plus other real estate owned to assets 1078.33%
Noncurrent loans to loans 0.10%
Net loans and leases to deposits0.15%
Net loans and leases to core deposits 80.48%
Equity capital to assets 92.51%
Core capital (leverage) ratio 13.32%
Tier 1 risk-based capital ratio 9.62%
Total risk-based capital ratio 13.68%
Memoranda
Average assets$15
Average earning assets$55,902
Average equity $7,747
Average loans $49,297
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