First State Bank of Middlebury in city_name, state_name - Detailed Financial Reports, Location

First State Bank of Middlebury in Middlebury, Indiana (IN)
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First State Bank of Middlebury routing number info

First State Bank of Middlebury - Overview

General
FDIC Certificate #: 8745
Status: Active
Federal Reserve ID: 967046
Bank Holding Company (Regulatory Top Holder): Crystal Valley Financial Corporation (RSSDID: 1210244, Location: Middlebury, IN)
Date Established: January 01, 1910
WWW: http://www.fsbmiddlebury.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 11002
FDIC's unique #: 5567
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 111 South Main Street, Middlebury, IN 46540
County: Elkhart
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): Elkhart-Goshen, IN (#2330)
Combined Statistical Area (CSA): South Bend-Elkhart-Mishawaka, IN-MI (#515)
Core Based Statistical Area (CBSA): Elkhart-Goshen, IN (#21140)
CBSA Metro Statistical Area: Elkhart-Goshen, IN (#21140)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $384.1 mil
Equity capital: $38.0 mil
Deposits held in domestic offices: $312.3 mil
Return on assets (ROA): 0.64% ($2.5 mil)
Quarterly return on assets: 0.85% ($3.3 mil)
Return on Equity (ROE): 6.87% ($2.6 mil)
Quarterly return on equity: 8.66% ($3.3 mil)
Net income: $2.5 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 0.77% ($2,957.3 mil)
Quarterly Pretax return on assets: 1.10% ($4,224.7 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, 2011)

Dollar figures in thousands
104Total employees (full-time equivalent)
$384,064Total assets
$23,381Cash and due from depository institutions
$14,258Interest-bearing balances
$67,857Securities
$0Federal funds sold & reverse repurchase agreements
$270,743Net loans & leases
$6,460Loan loss allowance
$0Trading account assets
$3,871Bank premises and fixed assets
$2,021Other real estate owned
$145Goodwill and other intangibles
$384,064Life insurance assets
$16,046All other assets
$346,044Total liabilities and capital
$312,349Total liabilities
$259,529Total deposits
$312,349Interest-bearing deposits
$83Deposits held in domestic offices
7825.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$22,531Trading liabilities
$0Other borrowed funds
$3,339Subordinated debt
$38,020All other liabilities
$38,020Total equity capital
$38,020Total bank equity capital
$0Perpetual preferred stock
$100Common stock
$10,547Surplus
$27,373Undivided profits
Memoranda
$0Noncurrent loans and leases
$280Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$8,720Income earned, not collected on loans
$0Earning assets
$1,338Long-term assets (5+ years)
$352,858Average Assets, year-to-date
$74,818Average Assets, quarterly
$388,108Volatile liabilities
$385,990Insider loans
$280,354FHLB advances
$380,350Loans and leases held for sale
$7,849Unused loan commitments
$7,849Tier 1 (core) risk-based capital
$36,337Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$52,776Restructured Loans and leases
$1,903Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$18,149Total interest income
$4,453Total interest expense
$13,696Net interest income
$2,107Provision for loan and lease losses
$2,669Total noninterest income
$347Fiduciary activities
$765Service charges on deposit accounts
$0Trading account gains & fees
$1,557Additional noninterest income
$11,557Total noninterest expense
$6,070Salaries and employee benefits
$1,589Premises and equipment expense
$3,898Additional noninterest expense
$2,701Pre-tax net operating income
$302Securities gains (losses)
$500Applicable income taxes
$2,503Income before extraordinary items
$0Extraordinary gains - net
$2,503Net income attributable to bank
$0Net charge-offs
$2,503Cash dividends
$2,115Sale, conversion, retirement of capital stock, net
$1,350Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.05%Yield on earning assets
1.24%Cost of funding earning assets
3.81%Net interest margin
0.74%Noninterest income to earning assets
3.22%Noninterest expense to earning assets
0.58%Net operating income to assets
0.64%Return on assets (ROA)
0.77%Pretax return on assets
6.87%Return on equity (ROE)
3.17%Retained earnings to average equity (YTD only)
0.75%Net charge-offs to loans
99.62%Credit loss provision to net charge-offs
2.27%Efficiency ratio
70,620Assets per employee
3.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.94%Loss allowance to loans
2.33%Loss allowance to noncurrent loans
74.08%Noncurrent assets plus other real estate owned to assets
2.80%Noncurrent loans to loans
3.15%Net loans and leases to deposits
86.68%Net loans and leases to core deposits
91.36%Equity capital to assets
9.90%Core capital (leverage) ratio
9.55%Tier 1 risk-based capital ratio
12.96%Total risk-based capital ratio
Memoranda
$14Average assets
$388,108Average earning assets
$36,424Average equity
$359,082Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$56,498Managed Assets
1Number of Accounts
$14,055Personal trust and agency accounts
$14,055Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
317Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$42,443Other retirement accounts
$10,336Corporate trust and agency accounts
$3,455Other fiduciary accounts
$11,028Fiduciary accounts held in foreign offices

List of branches

6 Indiana Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	5567	First State Bank Of Middlebury	111 South Main Street, Middlebury, IN 46540	January 01, 1910	Full Service Brick and Mortar
1	218896	Goshen Branch	201 North Main Street, Goshen, IN 46526	August 22, 1988	Full Service Brick and Mortar
2	218897	Greencroft Branch	1820 Greencroft Boulevard, Goshen, IN 46526	December 15, 1997	Full Service Brick and Mortar
3	218898	Cobblestone Crossing Branch	1515 Cobblestone Boulevlard, Elkhart, IN 46516	January 06, 2000	Full Service Brick and Mortar
4	439702	Riverwalk Branch	200 Nibco Parkway, Elkhart, IN 46516	April 04, 2005	Full Service Brick and Mortar
5	458377	Mishawaka Branch	4101 Edison Lakes Parkway, Suite 140, Mishawaka, IN 46545	Febuary 01, 2007	Full Service Brick and Mortar

First State Bank of Middlebury in Middlebury, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank of Middlebury - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First State Bank of Middlebury in Middlebury, Indiana (IN)Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank of Middlebury - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First State Bank of Middlebury in Middlebury, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches