FDIC Certificate #: 29572 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Lincoln Bank (#28617) Federal Reserve ID: 295972 Date Established: January 01, 1916 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3682 FDIC's unique #: 42406 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: April 11, 1936 Last Structure Change Effective Date: September 27, 2000 Last Structure Change Process Date: November 15, 2000 Last Data Update: November 15, 2000 Data Source Date: April 05, 2012
Location
Address: 60 South Main Street, Frankfort, IN 46041 County: Clinton 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): Lafayette, IN (#3920) Combined Statistical Area (CSA): Lafayette-Frankfort, IN (#320) Core Based Statistical Area (CBSA): Frankfort, IN (#23140) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $63.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
13Total employees (full-time equivalent)
$62,967Total assets
$3,699Cash and due from depository institutions
$2,413Interest-bearing balances
$183Securities
$0Federal funds sold & reverse repurchase agreements
$55,042Net loans & leases
$336Loan loss allowance
$0Trading account assets
$565Bank premises and fixed assets
$863Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,615All other assets
$62,967Total liabilities and capital
$51,117Total liabilities
$38,481Total deposits
$35,323Interest-bearing deposits
$38,481Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,500Other borrowed funds
$0Subordinated debt
$1,136All other liabilities
$11,850Total equity capital
$11,850Total bank equity capital
$11,850Perpetual preferred stock
$0Common stock
$1Surplus
$5,108Undivided profits
Memoranda
$6,741Noncurrent loans and leases
$3,498Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$539Earning assets
$0Long-term assets (5+ years)
$426Average Assets, year-to-date
$57,638Average Assets, quarterly
$0Volatile liabilities
$59,880Insider loans
$61,803FHLB advances
$20,223Loans and leases held for sale
$2,987Unused loan commitments
$11,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,498Total unused commitments
$34Restructured Loans and leases
$336Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$4,427Total interest income
$2,002Total interest expense
$2,425Net interest income
$60Provision for loan and lease losses
$401Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$401Additional noninterest income
$1,423Total noninterest expense
$915Salaries and employee benefits
$270Premises and equipment expense
$238Additional noninterest expense
$1,343Pre-tax net operating income
$0Securities gains (losses)
$519Applicable income taxes
$824Income before extraordinary items
$0Extraordinary gains - net
$824Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$15Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.01%Yield on earning assets
3.62%Cost of funding earning assets
4.39%Net interest margin
0.73%Noninterest income to earning assets
2.58%Noninterest expense to earning assets
1.38%Net operating income to assets
1.38%Return on assets (ROA)
2.24%Pretax return on assets
7.29%Return on equity (ROE)
7.29%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
400.00%Credit loss provision to net charge-offs
93.53%Efficiency ratio
50,354Assets per employee
4.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.61%Loss allowance to noncurrent loans
62.34%Noncurrent assets plus other real estate owned to assets
0.86%Noncurrent loans to loans
0.97%Net loans and leases to deposits
143.04%Net loans and leases to core deposits
184.97%Equity capital to assets
18.82%Core capital (leverage) ratio
17.69%Tier 1 risk-based capital ratio
28.44%Total risk-based capital ratio
Memoranda
$29Average assets
$59,880Average earning assets
$11,310Average equity
$55,252Average loans
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