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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