FDIC Certificate #: 13099 Status: Inactive Federal Reserve ID: 814748 Date Established: August 19, 1920 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 15416 FDIC's unique #: 8285 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 01, 2010 Last Structure Change Process Date: June 29, 2010 Last Data Update: June 29, 2010 Data Source Date: April 05, 2012
Location
Address: 1321 - 119th Street, Whiting, IN 46394 County: Lake 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 Metropolitan Statistical Area (MSA): Gary, IN (#2960) Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14) Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176) Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980) CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980) Core Based Statistical Division: Gary, IN (#23844)
History of Changes
Other Liquidations and Closings
Financial Summary
Total assets: $118.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2009)
Dollar figures in thousands
55Total employees (full-time equivalent)
$119,082Total assets
$7,444Cash and due from depository institutions
$283Interest-bearing balances
$33,625Securities
$0Federal funds sold & reverse repurchase agreements
$70,083Net loans & leases
$1,665Loan loss allowance
$0Trading account assets
$1,363Bank premises and fixed assets
$537Other real estate owned
$679Goodwill and other intangibles
$3,436Life insurance assets
$5,351All other assets
$119,082Total liabilities and capital
$109,440Total liabilities
$99,512Total deposits
$89,319Interest-bearing deposits
$99,512Deposits held in domestic offices
79.24%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,761Other borrowed funds
$0Subordinated debt
$1,167All other liabilities
$9,642Total equity capital
$9,642Total bank equity capital
$9,642Perpetual preferred stock
$0Common stock
$250Surplus
$3,254Undivided profits
Memoranda
$6,138Noncurrent loans and leases
$3,062Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,458Earning assets
$0Long-term assets (5+ years)
$416Average Assets, year-to-date
$103,991Average Assets, quarterly
$56,403Volatile liabilities
$129,476Insider loans
$120,806FHLB advances
$10,907Loans and leases held for sale
$207Unused loan commitments
$8,761Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,062Total unused commitments
$0Restructured Loans and leases
$828Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$5,735Total interest income
$1,897Total interest expense
$3,838Net interest income
$1,721Provision for loan and lease losses
$1,290Total noninterest income
$0Fiduciary activities
$141Service charges on deposit accounts
$0Trading account gains & fees
$1,149Additional noninterest income
$5,295Total noninterest expense
$2,404Salaries and employee benefits
$968Premises and equipment expense
$1,923Additional noninterest expense
-$1,888Pre-tax net operating income
$232Securities gains (losses)
$45Applicable income taxes
-$1,701Income before extraordinary items
$0Extraordinary gains - net
-$1,701Net income attributable to bank
$0Net charge-offs
-$1,701Cash dividends
$855Sale, conversion, retirement of capital stock, net
$42Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.86%Yield on earning assets
1.61%Cost of funding earning assets
3.25%Net interest margin
1.09%Noninterest income to earning assets
4.49%Noninterest expense to earning assets
-1.49%Net operating income to assets
-1.31%Return on assets (ROA)
-1.28%Pretax return on assets
-16.18%Return on equity (ROE)
-16.58%Retained earnings to average equity (YTD only)
1.07%Net charge-offs to loans
201.29%Credit loss provision to net charge-offs
-0.20%Efficiency ratio
103,257Assets per employee
2.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
-2.47%Loss allowance to loans
2.32%Loss allowance to noncurrent loans
37.35%Noncurrent assets plus other real estate owned to assets
4.19%Noncurrent loans to loans
6.21%Net loans and leases to deposits
70.43%Net loans and leases to core deposits
79.10%Equity capital to assets
8.10%Core capital (leverage) ratio
6.70%Tier 1 risk-based capital ratio
12.38%Total risk-based capital ratio
Memoranda
$14Average assets
$129,476Average earning assets
$10,514Average equity
$117,945Average loans
Total Fiduciary and Related Assets (December 31, 2009)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$4Managed Assets
1Number of Accounts
$4Personal trust and agency accounts
$4Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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