Bank of Western Indiana in Covington, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1994

Bank of Western Indiana in Covington, Indiana (IN)
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Bank of Western Indiana - Overview

General
FDIC Certificate #: 22335
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of Western Indiana (#12838)
Federal Reserve ID: 82042
Date Established: September 27, 1976
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 9256
FDIC's unique #: 15544
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: September 27, 1976
Last Structure Change Effective Date: December 31, 1994
Last Structure Change Process Date: January 10, 1995
Last Data Update: April 11, 1998
Data Source Date: April 05, 2012
Location
Address: 401 Washington Street, Covington, IN 47932
County: Fountain
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: $75.2 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)
$34Total assets
$75,188Cash and due from depository institutions
$2,295Interest-bearing balances
$397Securities
$21,642Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$49,447Loan loss allowance
$1,128Trading account assets
$0Bank premises and fixed assets
$747Other real estate owned
$42Goodwill and other intangibles
$1,015Life insurance assets
$0All other assets
$0Total liabilities and capital
$75,188Total liabilities
$66,026Total deposits
$65,139Interest-bearing deposits
$59,318Deposits held in domestic offices
65139.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$500Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$387Total equity capital
$387Total bank equity capital
$9,162Perpetual preferred stock
$0Common stock
$1,050Surplus
$1,335Undivided profits
Memoranda
$6,777Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$311Income earned, not collected on loans
$651Earning assets
$71,486Long-term assets (5+ years)
$19,204Average Assets, year-to-date
$74,067Average Assets, quarterly
$74,353Volatile liabilities
$3,059Insider loans
$2,405FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,331Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,162Total risk weighted assets
$54,960Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$5,928Total interest expense
$2,240Net interest income
$3,688Provision for loan and lease losses
$180Total noninterest income
$367Fiduciary activities
$0Service charges on deposit accounts
$139Trading account gains & fees
$0Additional noninterest income
$228Total noninterest expense
$1,723Salaries and employee benefits
$943Premises and equipment expense
$85Additional noninterest expense
$695Pre-tax net operating income
$2,152Securities gains (losses)
$36Applicable income taxes
$822Income before extraordinary items
$1,366Extraordinary gains - net
$0Net income attributable to bank
$1,366Net charge-offs
$112Cash dividends
$322Sale, 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
8.49%Cost of funding earning assets
3.21%Net interest margin
5.28%Noninterest income to earning assets
0.53%Noninterest expense to earning assets
2.47%Net operating income to assets
1.81%Return on assets (ROA)
1.84%Pretax return on assets
2.95%Return on equity (ROE)
15.86%Retained earnings to average equity (YTD only)
12.13%Net charge-offs to loans
0.23%Credit loss provision to net charge-offs
160.71%Efficiency ratio
42,491Assets per employee
2.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
23.57%Loss allowance to loans
2.23%Loss allowance to noncurrent loans
362.70%Noncurrent assets plus other real estate owned to assets
0.47%Noncurrent loans to loans
0.61%Net loans and leases to deposits
75.91%Net loans and leases to core deposits
79.01%Equity capital to assets
12.19%Core capital (leverage) ratio
11.97%Tier 1 risk-based capital ratio
16.67%Total risk-based capital ratio
Memoranda
$18Average assets
$74,067Average earning assets
$8,610Average equity
$69,796Average loans

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