FDIC Certificate #: 29816 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: (#52744) Federal Reserve ID: 606073 Date Established: January 01, 1931 Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 4137 FDIC's unique #: 42650 Numeric code: 42 Regulator: FDIC 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: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: June 18, 1937 Last Structure Change Effective Date: January 01, 2012 Last Structure Change Process Date: January 23, 2012 Last Data Update: January 23, 2012 Data Source Date: April 05, 2012
Location
Address: 510 N Broad St, Griffith, IN 46319 County: Lake 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: $85.2 mil Equity capital: $7.2 mil Deposits held in domestic offices: $69.8 mil Return on assets (ROA): 0.33% ($0.3 mil) Quarterly return on assets: 1.17% ($1.0 mil) Return on Equity (ROE): 4.18% ($0.3 mil) Quarterly return on equity: 14.46% ($1.0 mil) Net income: $0.3 mil Quarterly Net income: $0.3 mil Pretax return on assets: 0.31% ($264.1 mil) Quarterly Pretax return on assets: 1.17% ($996.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$85,200Total assets
$16,643Cash and due from depository institutions
$14,090Interest-bearing balances
$3,945Securities
$1,258Federal funds sold & reverse repurchase agreements
$60,759Net loans & leases
$1,570Loan loss allowance
$0Trading account assets
$468Bank premises and fixed assets
$1,055Other real estate owned
$0Goodwill and other intangibles
$85,200Life insurance assets
$1,072All other assets
$78,012Total liabilities and capital
$69,750Total liabilities
$68,884Total deposits
$69,750Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$7,487Trading liabilities
$0Other borrowed funds
$775Subordinated debt
$7,188All other liabilities
$7,188Total equity capital
$7,188Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$7,188Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,983Income earned, not collected on loans
$0Earning assets
$297Long-term assets (5+ years)
$80,052Average Assets, year-to-date
$57,259Average Assets, quarterly
$88,401Volatile liabilities
$86,860Insider loans
$45,094FHLB advances
$87,582Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,056Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,239Restructured Loans and leases
$363Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,171Total interest income
$1,442Total interest expense
$2,729Net interest income
$37Provision for loan and lease losses
$220Total noninterest income
$0Fiduciary activities
$59Service charges on deposit accounts
$0Trading account gains & fees
$161Additional noninterest income
$2,637Total noninterest expense
$1,196Salaries and employee benefits
$190Premises and equipment expense
$1,251Additional noninterest expense
$275Pre-tax net operating income
$1Securities gains (losses)
-$12Applicable income taxes
$288Income before extraordinary items
$0Extraordinary gains - net
$288Net income attributable to bank
$0Net charge-offs
$288Cash dividends
$370Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.03%Yield on earning assets
1.74%Cost of funding earning assets
3.29%Net interest margin
0.27%Noninterest income to earning assets
3.18%Noninterest expense to earning assets
0.32%Net operating income to assets
0.33%Return on assets (ROA)
0.31%Pretax return on assets
4.18%Return on equity (ROE)
4.18%Retained earnings to average equity (YTD only)
0.55%Net charge-offs to loans
10.00%Credit loss provision to net charge-offs
0.84%Efficiency ratio
89,420Assets per employee
5.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.52%Loss allowance to noncurrent loans
39.42%Noncurrent assets plus other real estate owned to assets
5.91%Noncurrent loans to loans
6.39%Net loans and leases to deposits
87.11%Net loans and leases to core deposits
94.51%Equity capital to assets
8.44%Core capital (leverage) ratio
8.06%Tier 1 risk-based capital ratio
15.65%Total risk-based capital ratio
Memoranda
$17Average assets
$88,401Average earning assets
$6,895Average equity
$82,978Average loans
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