Community Bank, A FSB in Michigan City, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 01, 1997

  • Community Bank, A FSB in Michigan City, Indiana (IN)
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Community Bank, A FSB - Overview

  • General
  • FDIC Certificate #: 29288
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fifth Third Bank, Indiana (#8164)
    Federal Reserve ID: 234270
    Date Established: January 01, 1926
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3229
    FDIC's unique #: 42122
    Numeric code: 34
    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: October 27, 1938
    Last Structure Change Effective Date: August 01, 1997
    Last Structure Change Process Date: September 11, 1997
    Last Data Update: September 11, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 126 East Fourth 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: $270.0 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)
  • $58Total assets
  • $226,462Cash and due from depository institutions
  • $6,220Interest-bearing balances
  • $2,132Securities
  • $117,496Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $89,689Loan loss allowance
  • $2,309Trading account assets
  • $0Bank premises and fixed assets
  • $2,870Other real estate owned
  • $0Goodwill and other intangibles
  • $10,187Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $226,462Total liabilities
  • $208,840Total deposits
  • $153,303Interest-bearing deposits
  • $135,389Deposits held in domestic offices
  • 153303.00%% insured (estimated)
  • $80Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $53,011Subordinated debt
  • $0All other liabilities
  • $2,526Total equity capital
  • $2,526Total bank equity capital
  • $17,622Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $2,941Undivided profits
  • Memoranda
  • $14,680Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,807Income earned, not collected on loans
  • $551Earning assets
  • $209,317Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $204,666Average Assets, quarterly
  • $213,152Volatile liabilities
  • $95,618Insider loans
  • $402FHLB advances
  • $46,000Loans and leases held for sale
  • $0Unused loan commitments
  • $3,109Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $17,621Total risk weighted assets
  • $140,816Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $15,774Total interest expense
  • $7,914Net interest income
  • $7,860Provision for loan and lease losses
  • $1,643Total noninterest income
  • $1,538Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,538Total noninterest expense
  • $4,958Salaries and employee benefits
  • $2,118Premises and equipment expense
  • $836Additional noninterest expense
  • $2,004Pre-tax net operating income
  • $2,797Securities gains (losses)
  • $200Applicable income taxes
  • $929Income before extraordinary items
  • $2,068Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,068Net charge-offs
  • $240Cash dividends
  • $0Sale, 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
  • 8.36%Cost of funding earning assets
  • 4.19%Net interest margin
  • 4.16%Noninterest income to earning assets
  • 0.81%Noninterest expense to earning assets
  • 2.63%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 1.46%Return on equity (ROE)
  • 12.46%Retained earnings to average equity (YTD only)
  • 12.46%Net charge-offs to loans
  • 0.26%Credit loss provision to net charge-offs
  • 684.58%Efficiency ratio
  • 52,756Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.51%Loss allowance to noncurrent loans
  • 59.81%Noncurrent assets plus other real estate owned to assets
  • 1.24%Noncurrent loans to loans
  • 3.07%Net loans and leases to deposits
  • 58.50%Net loans and leases to core deposits
  • 81.02%Equity capital to assets
  • 7.78%Core capital (leverage) ratio
  • 7.78%Tier 1 risk-based capital ratio
  • 12.51%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $204,666Average earning assets
  • $16,600Average equity
  • $188,775Average loans

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