FDIC Certificate #: 34748 Status: Active Federal Reserve ID: 2723376 Date Established: July 29, 1998 WWW:http://www.forethought.com Trust Powers Granted: Yes Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14961 FDIC's unique #: 61520 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: Mortgage Lending Specialization Date of Deposit Insurance: July 29, 1998 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: Forethought Center, Batesville, IN 47006 County: Ripley Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: New York FDIC Field Office: Indianapolis Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $100.7 mil Equity capital: $13.7 mil Deposits held in domestic offices: $84.9 mil Return on assets (ROA): 1.12% ($1.1 mil) Quarterly return on assets: 1.26% ($1.3 mil) Return on Equity (ROE): 10.80% ($1.5 mil) Quarterly return on equity: 9.44% ($1.3 mil) Net income: $1.3 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.76% ($1,772.8 mil) Quarterly Pretax return on assets: 1.97% ($1,984.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$100,726Total assets
$531Cash and due from depository institutions
$40Interest-bearing balances
$97,386Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$413Goodwill and other intangibles
$100,726Life insurance assets
$2,396All other assets
$87,011Total liabilities and capital
$84,915Total liabilities
$84,915Total deposits
$84,915Interest-bearing deposits
$100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,096Subordinated debt
$13,715All other liabilities
$13,715Total equity capital
$13,715Total bank equity capital
$0Perpetual preferred stock
$2,600Common stock
$3,911Surplus
$7,204Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$674Long-term assets (5+ years)
$97,426Average Assets, year-to-date
$0Average Assets, quarterly
$113,465Volatile liabilities
$100,561Insider loans
$44,822FHLB advances
$95,863Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$10,483Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,056Total interest income
$1,617Total interest expense
$2,439Net interest income
$0Provision for loan and lease losses
$2,019Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,019Additional noninterest income
$2,647Total noninterest expense
$1,274Salaries and employee benefits
$236Premises and equipment expense
$1,137Additional noninterest expense
$1,811Pre-tax net operating income
$186Securities gains (losses)
$728Applicable income taxes
$1,269Income before extraordinary items
$0Extraordinary gains - net
$1,269Net income attributable to bank
$0Net charge-offs
$1,269Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.72%Yield on earning assets
1.48%Cost of funding earning assets
2.24%Net interest margin
1.85%Noninterest income to earning assets
2.43%Noninterest expense to earning assets
1.01%Net operating income to assets
1.12%Return on assets (ROA)
1.76%Pretax return on assets
10.80%Return on equity (ROE)
10.80%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
59,376Assets per employee
7.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
13.62%Core capital (leverage) ratio
10.94%Tier 1 risk-based capital ratio
23.39%Total risk-based capital ratio
Memoranda
$23Average assets
$113,465Average earning assets
$11,749Average equity
$109,064Average 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
$296,444Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee 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
125557Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$296,444Other retirement accounts
$296,444Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
List of branches
1 Indiana Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
61520
Forethought Federal Savings Bank
Forethought Center, Batesville, IN 47006
July 29, 1998
Full Service Brick and Mortar
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