Bank One, Merrillville, National Association in Gary, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 22, 1997

  • Bank One, Merrillville, National Association in Gary, Indiana (IN)
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Bank One, Merrillville, National Association - Overview

  • General
  • FDIC Certificate #: 13093
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank One, Indiana, National Association (#4345)
    Federal Reserve ID: 479642
    Date Established: November 27, 1907
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 19 (Interstate: No)
    FDIC's unique #: 8280
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 22, 1997
    Last Structure Change Process Date: March 27, 1997
    Last Data Update: March 27, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 575 Broadway, Gary, IN 46401
    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)
  • Financial Summary
  • Total assets: $647.1 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)
  • $218Total assets
  • $647,135Cash and due from depository institutions
  • $69,323Interest-bearing balances
  • $0Securities
  • $34,470Federal funds sold & reverse repurchase agreements
  • $48,923Net loans & leases
  • $475,043Loan loss allowance
  • $3,622Trading account assets
  • $0Bank premises and fixed assets
  • $6,157Other real estate owned
  • $117Goodwill and other intangibles
  • $11,519Life insurance assets
  • $1,583All other assets
  • $0Total liabilities and capital
  • $647,135Total liabilities
  • $580,109Total deposits
  • $550,297Interest-bearing deposits
  • $466,694Deposits held in domestic offices
  • 550297.00%% insured (estimated)
  • $76Federal funds purchased & repurchase agreements
  • $15,410Trading liabilities
  • $0Other borrowed funds
  • $3,876Subordinated debt
  • $0All other liabilities
  • $10,526Total equity capital
  • $10,526Total bank equity capital
  • $67,026Perpetual preferred stock
  • $0Common stock
  • $5,900Surplus
  • $13,624Undivided profits
  • Memoranda
  • $47,502Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,137Income earned, not collected on loans
  • $5,749Earning assets
  • $558,436Long-term assets (5+ years)
  • $76,313Average Assets, year-to-date
  • $635,469Average Assets, quarterly
  • $642,147Volatile liabilities
  • $61,034Insider loans
  • $6,156FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $111,252Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $65,316Total risk weighted assets
  • $511,268Total unused commitments
  • $0Restructured Loans and leases
  • $201,516Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $58,121Total interest expense
  • $19,854Net interest income
  • $38,267Provision for loan and lease losses
  • $2,512Total noninterest income
  • $19,688Fiduciary activities
  • $0Service charges on deposit accounts
  • $4,036Trading account gains & fees
  • $0Additional noninterest income
  • $15,652Total noninterest expense
  • $26,816Salaries and employee benefits
  • $5,260Premises and equipment expense
  • $2,827Additional noninterest expense
  • $18,729Pre-tax net operating income
  • $28,627Securities gains (losses)
  • $0Applicable income taxes
  • $11,134Income before extraordinary items
  • $17,493Extraordinary gains - net
  • $0Net income attributable to bank
  • $17,493Net charge-offs
  • $5,724Cash dividends
  • $12,786Sale, 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
  • 10.19%Cost of funding earning assets
  • 3.48%Net interest margin
  • 6.71%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 4.70%Net operating income to assets
  • 2.75%Return on assets (ROA)
  • 2.75%Pretax return on assets
  • 4.50%Return on equity (ROE)
  • 29.26%Retained earnings to average equity (YTD only)
  • 7.87%Net charge-offs to loans
  • 1.10%Credit loss provision to net charge-offs
  • 43.89%Efficiency ratio
  • 44,754Assets per employee
  • 2.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 73.09%Loss allowance to loans
  • 0.76%Loss allowance to noncurrent loans
  • 115.46%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.66%Net loans and leases to deposits
  • 86.32%Net loans and leases to core deposits
  • 93.50%Equity capital to assets
  • 10.36%Core capital (leverage) ratio
  • 9.85%Tier 1 risk-based capital ratio
  • 12.78%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $635,469Average earning assets
  • $59,788Average equity
  • $570,196Average loans

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