1st Source Bank of Starke County in Hamlet, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 1995

1st Source Bank of Starke County in Hamlet, Indiana (IN)
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1st Source Bank of Starke County - Overview

General
FDIC Certificate #: 14181
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: 1st Source Bank (#9087)
Federal Reserve ID: 532949
Date Established: January 01, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 11180
FDIC's unique #: 8853
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: April 02, 1934
Last Structure Change Effective Date: September 01, 1995
Last Structure Change Process Date: October 03, 1995
Last Data Update: October 03, 1995
Data Source Date: April 05, 2012
Location
Address: Main And Davis Streets, Hamlet, IN 46532
County: Starke
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: $47.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$12Total assets
$41,968Cash and due from depository institutions
$1,052Interest-bearing balances
$166Securities
$26,708Federal funds sold & reverse repurchase agreements
$1,133Net loans & leases
$10,920Loan loss allowance
$381Trading account assets
$0Bank premises and fixed assets
$679Other real estate owned
$0Goodwill and other intangibles
$872Life insurance assets
$604All other assets
$0Total liabilities and capital
$41,968Total liabilities
$37,809Total deposits
$36,800Interest-bearing deposits
$32,900Deposits held in domestic offices
36800.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$776Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$233Total equity capital
$233Total bank equity capital
$4,159Perpetual preferred stock
$0Common stock
$231Surplus
$3,134Undivided profits
Memoranda
$794Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$58Earning assets
$38,927Long-term assets (5+ years)
$17,762Average Assets, year-to-date
$43,560Average Assets, quarterly
$43,618Volatile liabilities
$2,736Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,627Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,075Total risk weighted assets
$18,662Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,759Total interest expense
$1,295Net interest income
$1,464Provision for loan and lease losses
-$2Total noninterest income
$146Fiduciary activities
$0Service charges on deposit accounts
$117Trading account gains & fees
$0Additional noninterest income
$29Total noninterest expense
$813Salaries and employee benefits
$345Premises and equipment expense
$82Additional noninterest expense
$386Pre-tax net operating income
$799Securities gains (losses)
$0Applicable income taxes
$197Income before extraordinary items
$602Extraordinary gains - net
$0Net income attributable to bank
$602Net charge-offs
-$2Cash dividends
$440Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.89%Cost of funding earning assets
3.24%Net interest margin
3.66%Noninterest income to earning assets
0.36%Noninterest expense to earning assets
2.03%Net operating income to assets
1.38%Return on assets (ROA)
1.38%Pretax return on assets
1.83%Return on equity (ROE)
13.92%Retained earnings to average equity (YTD only)
3.75%Net charge-offs to loans
-0.01%Credit loss provision to net charge-offs
100.00%Efficiency ratio
45,528Assets per employee
3.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
73.09%Loss allowance to loans
3.37%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
29.67%Net loans and leases to core deposits
31.34%Equity capital to assets
9.91%Core capital (leverage) ratio
9.56%Tier 1 risk-based capital ratio
21.84%Total risk-based capital ratio
Memoranda
$23Average assets
$43,560Average earning assets
$4,323Average equity
$40,020Average loans

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