FDIC Certificate #: 4420 Status: Inactive Closing history: Participated in Absorption/Consolidation/Merger Acquiring institution:Citizens State Bank (#11341) Federal Reserve ID: 956844 Date Established: April 25, 1908 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 13797 FDIC's unique #: 2919 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: January 01, 1934 Last Structure Change Effective Date: June 01, 1998 Last Structure Change Process Date: June 26, 1998 Last Data Update: June 26, 1998 Data Source Date: April 05, 2012
Location
Address: Highway 257 South, Otwell, IN 47564 County: Pike 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 Core Based Statistical Area (CBSA): Jasper, IN (#27540) CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Participated in Absorption/Consolidation/Merger
Financial Summary
Total assets: $38.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
20Total employees (full-time equivalent)
$39,240Total assets
$1,299Cash and due from depository institutions
$200Interest-bearing balances
$10,106Securities
$1,450Federal funds sold & reverse repurchase agreements
$24,340Net loans & leases
$377Loan loss allowance
$0Trading account assets
$1,120Bank premises and fixed assets
$7Other real estate owned
$356Goodwill and other intangibles
$0Life insurance assets
$562All other assets
$39,240Total liabilities and capital
$35,123Total liabilities
$34,851Total deposits
$29,553Interest-bearing deposits
$34,851Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$272All other liabilities
$4,117Total equity capital
$4,117Total bank equity capital
$4,117Perpetual preferred stock
$0Common stock
$300Surplus
$2,722Undivided profits
Memoranda
$1,095Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$977Earning assets
$0Long-term assets (5+ years)
$319Average Assets, year-to-date
$36,096Average Assets, quarterly
$5,086Volatile liabilities
$38,390Insider loans
$38,624FHLB advances
$2,174Loans and leases held for sale
$1,169Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,225Total unused commitments
$0Restructured Loans and leases
$24,278Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,842Total interest income
$1,421Total interest expense
$1,421Net interest income
$36Provision for loan and lease losses
$184Total noninterest income
$0Fiduciary activities
$133Service charges on deposit accounts
$0Trading account gains & fees
$51Additional noninterest income
$1,110Total noninterest expense
$556Salaries and employee benefits
$164Premises and equipment expense
$390Additional noninterest expense
$459Pre-tax net operating income
$0Securities gains (losses)
$188Applicable income taxes
$271Income before extraordinary items
$0Extraordinary gains - net
$271Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$40Sale, conversion, retirement of capital stock, net
$208Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.09%Yield on earning assets
4.04%Cost of funding earning assets
4.04%Net interest margin
0.52%Noninterest income to earning assets
3.16%Noninterest expense to earning assets
0.71%Net operating income to assets
0.71%Return on assets (ROA)
1.20%Pretax return on assets
6.69%Return on equity (ROE)
1.56%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
90.00%Credit loss provision to net charge-offs
12.38%Efficiency ratio
65,047Assets per employee
1.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
76.75%Loss allowance to loans
1.53%Loss allowance to noncurrent loans
38.59%Noncurrent assets plus other real estate owned to assets
2.51%Noncurrent loans to loans
3.95%Net loans and leases to deposits
69.84%Net loans and leases to core deposits
74.49%Equity capital to assets
10.49%Core capital (leverage) ratio
9.67%Tier 1 risk-based capital ratio
15.34%Total risk-based capital ratio
Memoranda
$17Average assets
$38,390Average earning assets
$4,049Average equity
$35,133Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Community Trust Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: