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

First National Bank, Valparaiso in Valparaiso, Indiana (IN)
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First National Bank, Valparaiso - Overview

General
FDIC Certificate #: 8057
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: 1st Source Bank (#9087)
Federal Reserve ID: 703141
Date Established: November 06, 1889
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 17 (Interstate: No)
OTS Docket #: 9156
FDIC's unique #: 5126
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 07, 2008
Last Structure Change Process Date: June 16, 2008
Last Data Update: June 16, 2008
Data Source Date: April 05, 2012
Location
Address: 14 Indiana Avenue, Valparaiso, IN 46383
County: Porter
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): Gary, IN (#2960)
Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
Core Based Statistical Division: Gary, IN (#23844)
Financial Summary
Total assets: $693.9 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, 2007)

Dollar figures in thousands
138Total employees (full-time equivalent)
$657,879Total assets
$18,996Cash and due from depository institutions
$0Interest-bearing balances
$84,480Securities
$217,950Federal funds sold & reverse repurchase agreements
$242,468Net loans & leases
$2,814Loan loss allowance
$0Trading account assets
$10,196Bank premises and fixed assets
$3,572Other real estate owned
$72,103Goodwill and other intangibles
$0Life insurance assets
$8,114All other assets
$657,879Total liabilities and capital
$525,159Total liabilities
$499,721Total deposits
$441,562Interest-bearing deposits
$499,721Deposits held in domestic offices
0.00%% insured (estimated)
$17,864Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$7,574All other liabilities
$132,720Total equity capital
$132,720Total bank equity capital
$132,720Perpetual preferred stock
$0Common stock
$1,350Surplus
$130,773Undivided profits
Memoranda
$597Noncurrent loans and leases
$18,942Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,240Earning assets
$0Long-term assets (5+ years)
$2,836Average Assets, year-to-date
$544,898Average Assets, quarterly
$106,931Volatile liabilities
$652,248Insider loans
$664,152FHLB advances
$79,821Loans and leases held for sale
$261Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,942Total unused commitments
$0Restructured Loans and leases
$2,814Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$18,939Total interest income
$9,006Total interest expense
$9,933Net interest income
$870Provision for loan and lease losses
$1,801Total noninterest income
$135Fiduciary activities
$735Service charges on deposit accounts
$0Trading account gains & fees
$931Additional noninterest income
$10,342Total noninterest expense
$5,637Salaries and employee benefits
$1,597Premises and equipment expense
$3,108Additional noninterest expense
$522Pre-tax net operating income
$23Securities gains (losses)
-$193Applicable income taxes
$738Income before extraordinary items
$0Extraordinary gains - net
$738Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$477Sale, conversion, retirement of capital stock, net
$400Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
3.35%Yield on earning assets
1.60%Cost of funding earning assets
1.76%Net interest margin
0.32%Noninterest income to earning assets
1.83%Noninterest expense to earning assets
0.11%Net operating income to assets
0.11%Return on assets (ROA)
0.08%Pretax return on assets
0.69%Return on equity (ROE)
0.32%Retained earnings to average equity (YTD only)
0.20%Net charge-offs to loans
182.39%Credit loss provision to net charge-offs
2.92%Efficiency ratio
78,993Assets per employee
4.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.20%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
226.94%Noncurrent assets plus other real estate owned to assets
0.73%Noncurrent loans to loans
0.51%Net loans and leases to deposits
48.52%Net loans and leases to core deposits
55.39%Equity capital to assets
20.17%Core capital (leverage) ratio
10.20%Tier 1 risk-based capital ratio
23.06%Total risk-based capital ratio
Memoranda
$24Average assets
$652,248Average earning assets
$106,308Average equity
$564,591Average loans

Total Fiduciary and Related Assets (December 31, 2006)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$296,006Managed Assets
1Number of Accounts
$156,792Personal trust and agency accounts
$50,297Employee benefit-defined contribution accounts
$8,711Employee benefit-defined benefit accounts
$0Other retirement accounts
$10,236Corporate trust and agency accounts
$75,826Investment management agency accounts
$11,721Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$1Non-managed Assets
707Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$139,214Other retirement accounts
$75,906Corporate trust and agency accounts
$10,276Other fiduciary accounts
$47,359Fiduciary accounts held in foreign offices

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

First National Bank, Valparaiso - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Total Fiduciary and Related Assets (December 31, 2006)

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

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

First National Bank, Valparaiso - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Total Fiduciary and Related Assets (December 31, 2006)

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

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