Crossroads Bank in Wabash, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Crossroads Bank in Wabash, Indiana (IN)
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Crossroads Bank - Overview

  • General
  • FDIC Certificate #: 29839
    Status: Active
    Federal Reserve ID: 228279
    Date Established: January 01, 1920
    WWW: http://www.crossroadsbanking.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 4175
    FDIC's unique #: 42673
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: June 28, 1937
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1205 N Cass Street, Wabash, IN 46992
    County: Wabash
    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): Wabash, IN (#47340)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $327.0 mil
    Equity capital: $32.3 mil
    Deposits held in domestic offices: $280.0 mil
    Return on assets (ROA): 0.87% ($2.8 mil)
    Quarterly return on assets: 0.89% ($2.9 mil)
    Return on Equity (ROE): 9.17% ($2.9 mil)
    Quarterly return on equity: 9.09% ($2.9 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.19% ($3,891.2 mil)
    Quarterly Pretax return on assets: 1.21% ($3,956.6 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, 2011)

  • Dollar figures in thousands
  • 73Total employees (full-time equivalent)
  • $326,988Total assets
  • $18,177Cash and due from depository institutions
  • $11,343Interest-bearing balances
  • $72,541Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $214,481Net loans & leases
  • $3,237Loan loss allowance
  • $0Trading account assets
  • $3,710Bank premises and fixed assets
  • $1,763Other real estate owned
  • $1,387Goodwill and other intangibles
  • $326,988Life insurance assets
  • $14,929All other assets
  • $294,684Total liabilities and capital
  • $280,009Total liabilities
  • $257,790Total deposits
  • $280,009Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,076Trading liabilities
  • $0Other borrowed funds
  • $1,599Subordinated debt
  • $32,304All other liabilities
  • $32,304Total equity capital
  • $32,304Total bank equity capital
  • $0Perpetual preferred stock
  • $8Common stock
  • $10,715Surplus
  • $21,581Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,947Income earned, not collected on loans
  • $532Earning assets
  • $1,585Long-term assets (5+ years)
  • $298,365Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $325,349Volatile liabilities
  • $327,616Insider loans
  • $236,526FHLB advances
  • $325,501Loans and leases held for sale
  • $6,799Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $30,817Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $49,040Restructured Loans and leases
  • $2,473Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,846Total interest income
  • $4,737Total interest expense
  • $10,109Net interest income
  • $1,200Provision for loan and lease losses
  • $1,762Total noninterest income
  • $0Fiduciary activities
  • $766Service charges on deposit accounts
  • $0Trading account gains & fees
  • $996Additional noninterest income
  • $7,628Total noninterest expense
  • $3,981Salaries and employee benefits
  • $1,543Premises and equipment expense
  • $2,104Additional noninterest expense
  • $3,043Pre-tax net operating income
  • $818Securities gains (losses)
  • $1,021Applicable income taxes
  • $2,840Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,840Net income attributable to bank
  • $0Net charge-offs
  • $2,840Cash dividends
  • $1,508Sale, conversion, retirement of capital stock, net
  • $1,550Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 1.59%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 9.17%Return on equity (ROE)
  • 4.16%Retained earnings to average equity (YTD only)
  • 0.68%Net charge-offs to loans
  • 79.58%Credit loss provision to net charge-offs
  • 2.81%Efficiency ratio
  • 64,257Assets per employee
  • 4.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.58%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 27.09%Noncurrent assets plus other real estate owned to assets
  • 4.19%Noncurrent loans to loans
  • 5.49%Net loans and leases to deposits
  • 76.60%Net loans and leases to core deposits
  • 93.59%Equity capital to assets
  • 9.88%Core capital (leverage) ratio
  • 9.47%Tier 1 risk-based capital ratio
  • 13.03%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $325,349Average earning assets
  • $30,985Average equity
  • $298,404Average loans

List of branches

  • 5 Indiana Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    042673Crossroads Bank1205 N Cass Street, Wabash, IN 46992January 01, 1920Full Service Brick and Mortar
    1277417114 West Branch1404 State Road 114 West, North Manchester, IN 46962January 01, 1920Full Service Brick and Mortar
    100277418500 S Huntington St Branch500 South Huntington Street, Syracuse, IN 46567January 01, 1920Full Service Brick and Mortar
    102227941South Whitley Branch105 East Columbia Street, South Whitley, IN 46787Febuary 01, 1965Full Service Brick and Mortar
    103461422W Connexion Way Branch526 W. Connexion Way, Columbia City, IN 46725June 30, 2006Full Service Brick and Mortar

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