First Bank in city_name, state_name - Detailed Financial Reports, Location

First Bank in Morgantown, Indiana (IN)
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First Bank - Overview

General
FDIC Certificate #: 9651
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Lincoln Bank (#28617)
Federal Reserve ID: 939641
Date Established: January 01, 1900
WWW: http://www.f1rstbank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
OTS Docket #: 13941
FDIC's unique #: 6172
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: August 02, 2004
Last Structure Change Process Date: September 16, 2004
Last Data Update: September 16, 2004
Data Source Date: April 05, 2012
Location
Address: 180 Washington Street, Morgantown, IN 46160
County: Morgan
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): Indianapolis, IN (#3480)
Combined Statistical Area (CSA): Indianapolis-Anderson-Columbus, IN (#294)
Core Based Statistical Area (CBSA): Indianapolis-Carmel, IN (#26900)
CBSA Metro Statistical Area: Indianapolis-Carmel, IN (#26900)
Financial Summary
Total assets: $210.7 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, 2003)

Dollar figures in thousands
92Total employees (full-time equivalent)
$174,974Total assets
$2,983Cash and due from depository institutions
$8Interest-bearing balances
$29,152Securities
$0Federal funds sold & reverse repurchase agreements
$132,155Net loans & leases
$1,513Loan loss allowance
$0Trading account assets
$3,204Bank premises and fixed assets
$467Other real estate owned
$32Goodwill and other intangibles
$0Life insurance assets
$6,981All other assets
$174,974Total liabilities and capital
$160,638Total liabilities
$142,976Total deposits
$127,873Interest-bearing deposits
$142,976Deposits held in domestic offices
0.00%% insured (estimated)
$7,024Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$638All other liabilities
$14,336Total equity capital
$14,336Total bank equity capital
$14,336Perpetual preferred stock
$0Common stock
$581Surplus
$8,761Undivided profits
Memoranda
$4,994Noncurrent loans and leases
$22,568Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$696Earning assets
$40Long-term assets (5+ years)
$505Average Assets, year-to-date
$161,315Average Assets, quarterly
$66,913Volatile liabilities
$170,986Insider loans
$177,662FHLB advances
$53,394Loans and leases held for sale
$650Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$699Total risk weighted assets
$22,568Total unused commitments
$0Restructured Loans and leases
$1,513Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$9,706Total interest income
$3,010Total interest expense
$6,696Net interest income
$875Provision for loan and lease losses
$2,083Total noninterest income
$0Fiduciary activities
$453Service charges on deposit accounts
$0Trading account gains & fees
$1,630Additional noninterest income
$6,574Total noninterest expense
$4,152Salaries and employee benefits
$833Premises and equipment expense
$1,589Additional noninterest expense
$1,330Pre-tax net operating income
$294Securities gains (losses)
$490Applicable income taxes
$1,134Income before extraordinary items
$0Extraordinary gains - net
$1,134Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$748Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.27%Yield on earning assets
1.94%Cost of funding earning assets
4.32%Net interest margin
1.34%Noninterest income to earning assets
4.24%Noninterest expense to earning assets
0.54%Net operating income to assets
0.66%Return on assets (ROA)
0.95%Pretax return on assets
8.10%Return on equity (ROE)
8.10%Retained earnings to average equity (YTD only)
0.60%Net charge-offs to loans
116.98%Credit loss provision to net charge-offs
2.95%Efficiency ratio
74,382Assets per employee
1.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
217.39%Noncurrent assets plus other real estate owned to assets
0.66%Noncurrent loans to loans
0.52%Net loans and leases to deposits
92.43%Net loans and leases to core deposits
130.07%Equity capital to assets
8.19%Core capital (leverage) ratio
8.43%Tier 1 risk-based capital ratio
9.82%Total risk-based capital ratio
Memoranda
$11Average assets
$170,986Average earning assets
$13,998Average equity
$154,895Average loans

First Bank in Morgantown, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

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First Bank in Morgantown, Indiana (IN)Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank - Overview

Assets and Liabilities (December 31, 2003)

Income and Expense (December 31, 2003)

Performance and Condition Ratios (December 31, 2003)

Comment about this bank, ask questions, or add new information about it:

First Bank in Morgantown, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches