City Savings Bank in Michigan City, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 13, 2007

  • City Savings Bank in Michigan City, Indiana (IN)
  • Show street view No street view available for this location

City Savings Bank - Overview

  • General
  • FDIC Certificate #: 27849
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: The La Porte Savings Bank (#9538)
    Federal Reserve ID: 600978
    Date Established: January 01, 1885
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 386
    FDIC's unique #: 40683
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 18, 1936
    Last Structure Change Effective Date: October 13, 2007
    Last Structure Change Process Date: November 19, 2007
    Last Data Update: November 19, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 2000 Franklin Street, Michigan City, IN 46360
    County: La Porte
    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
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Michigan City-La Porte, IN (#33140)
    CBSA Metro Statistical Area: Michigan City-La Porte, IN (#33140)
  • Financial Summary
  • Total assets: $123.8 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, 2006)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $136,323Total assets
  • $2,564Cash and due from depository institutions
  • $143Interest-bearing balances
  • $16,636Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $106,544Net loans & leases
  • $1,031Loan loss allowance
  • $0Trading account assets
  • $3,845Bank premises and fixed assets
  • $641Other real estate owned
  • $0Goodwill and other intangibles
  • $2,693Life insurance assets
  • $6,093All other assets
  • $136,323Total liabilities and capital
  • $119,964Total liabilities
  • $90,154Total deposits
  • $86,086Interest-bearing deposits
  • $90,154Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $965Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $27,567Other borrowed funds
  • $0Subordinated debt
  • $1,278All other liabilities
  • $16,359Total equity capital
  • $16,359Total bank equity capital
  • $16,359Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $7,306Undivided profits
  • Memoranda
  • $9,052Noncurrent loans and leases
  • $16,236Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,050Earning assets
  • $0Long-term assets (5+ years)
  • $840Average Assets, year-to-date
  • $123,323Average Assets, quarterly
  • $0Volatile liabilities
  • $142,948Insider loans
  • $137,668FHLB advances
  • $55,700Loans and leases held for sale
  • $447Unused loan commitments
  • $27,567Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $16,236Total unused commitments
  • $382Restructured Loans and leases
  • $1,031Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $9,057Total interest income
  • $4,796Total interest expense
  • $4,261Net interest income
  • $100Provision for loan and lease losses
  • $372Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $372Additional noninterest income
  • $3,878Total noninterest expense
  • $2,348Salaries and employee benefits
  • $678Premises and equipment expense
  • $852Additional noninterest expense
  • $655Pre-tax net operating income
  • $179Securities gains (losses)
  • $185Applicable income taxes
  • $649Income before extraordinary items
  • $0Extraordinary gains - net
  • $649Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $255Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.99%Yield on earning assets
  • 3.70%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.99%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.58%Pretax return on assets
  • 4.09%Return on equity (ROE)
  • 4.09%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 39.22%Credit loss provision to net charge-offs
  • 2.96%Efficiency ratio
  • 83,704Assets per employee
  • 3.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 50.29%Noncurrent assets plus other real estate owned to assets
  • 1.97%Noncurrent loans to loans
  • 1.91%Net loans and leases to deposits
  • 118.18%Net loans and leases to core deposits
  • 169.16%Equity capital to assets
  • 12.00%Core capital (leverage) ratio
  • 12.03%Tier 1 risk-based capital ratio
  • 15.03%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $142,948Average earning assets
  • $15,881Average equity
  • $129,635Average loans

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