American State Bank in North Judson, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 13, 1994

American State Bank in North Judson, Indiana (IN)
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American State Bank - Overview

General
FDIC Certificate #: 14951
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Indiana Federal Bank for Savings (#28831)
Federal Reserve ID: 978145
Date Established: April 26, 1927
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 9962
FDIC's unique #: 9365
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: December 18, 1934
Last Structure Change Effective Date: December 13, 1994
Last Structure Change Process Date: Febuary 02, 1995
Last Data Update: Febuary 02, 1995
Data Source Date: April 05, 2012
Location
Address: 310 Lane Street, North Judson, IN 46366
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: $65.1 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)
$41Total assets
$66,624Cash and due from depository institutions
$4,812Interest-bearing balances
$3,383Securities
$14,424Federal funds sold & reverse repurchase agreements
$1,100Net loans & leases
$42,008Loan loss allowance
$461Trading account assets
$0Bank premises and fixed assets
$759Other real estate owned
$56Goodwill and other intangibles
$3,465Life insurance assets
$0All other assets
$0Total liabilities and capital
$66,624Total liabilities
$61,282Total deposits
$59,912Interest-bearing deposits
$52,224Deposits held in domestic offices
59912.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,000Subordinated debt
$0All other liabilities
$370Total equity capital
$370Total bank equity capital
$5,342Perpetual preferred stock
$0Common stock
$519Surplus
$2,246Undivided profits
Memoranda
$2,577Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,035Income earned, not collected on loans
$826Earning assets
$60,915Long-term assets (5+ years)
$5,090Average Assets, year-to-date
$67,712Average Assets, quarterly
$66,265Volatile liabilities
$3,379Insider loans
$64FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,267Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,342Total risk weighted assets
$44,690Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$4,738Total interest expense
$2,136Net interest income
$2,602Provision for loan and lease losses
$105Total noninterest income
$319Fiduciary activities
$0Service charges on deposit accounts
$117Trading account gains & fees
$0Additional noninterest income
$202Total noninterest expense
$2,084Salaries and employee benefits
$1,178Premises and equipment expense
$204Additional noninterest expense
$702Pre-tax net operating income
$732Securities gains (losses)
$72Applicable income taxes
$265Income before extraordinary items
$539Extraordinary gains - net
$61Net income attributable to bank
$600Net charge-offs
$36Cash dividends
$520Sale, 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
7.64%Cost of funding earning assets
3.45%Net interest margin
4.20%Noninterest income to earning assets
0.51%Noninterest expense to earning assets
3.36%Net operating income to assets
0.72%Return on assets (ROA)
0.89%Pretax return on assets
1.28%Return on equity (ROE)
11.23%Retained earnings to average equity (YTD only)
1.50%Net charge-offs to loans
0.08%Credit loss provision to net charge-offs
291.67%Efficiency ratio
71,345Assets per employee
1.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
86.67%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
44.54%Noncurrent assets plus other real estate owned to assets
1.64%Noncurrent loans to loans
2.44%Net loans and leases to deposits
70.12%Net loans and leases to core deposits
73.02%Equity capital to assets
8.02%Core capital (leverage) ratio
7.95%Tier 1 risk-based capital ratio
11.95%Total risk-based capital ratio
Memoranda
$13Average assets
$67,712Average earning assets
$5,341Average equity
$61,980Average loans

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