INB Banking Company, North in Chesterton, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 18, 1993

  • INB Banking Company, North in Chesterton, Indiana (IN)
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INB Banking Company, North - Overview

  • General
  • FDIC Certificate #: 12823
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: NBD Bank, National Association (#8075)
    Federal Reserve ID: 116844
    Date Established: January 01, 1890
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Interstate: No)
    FDIC's unique #: 8122
    Numeric code: 13
    Regulator: FED
    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: June 18, 1993
    Last Structure Change Process Date: June 24, 1993
    Last Data Update: June 24, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 109 Broadway, Chesterton, IN 46304
    County: Porter
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    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)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $156.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $107Total assets
  • $160,833Cash and due from depository institutions
  • $9,337Interest-bearing balances
  • $0Securities
  • $38,507Federal funds sold & reverse repurchase agreements
  • $6,825Net loans & leases
  • $101,331Loan loss allowance
  • $1,935Trading account assets
  • $0Bank premises and fixed assets
  • $2,246Other real estate owned
  • $235Goodwill and other intangibles
  • $2,352Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $160,833Total liabilities
  • $149,003Total deposits
  • $147,602Interest-bearing deposits
  • $129,497Deposits held in domestic offices
  • 147602.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,401Total equity capital
  • $1,401Total bank equity capital
  • $11,830Perpetual preferred stock
  • $0Common stock
  • $1,575Surplus
  • $2,000Undivided profits
  • Memoranda
  • $8,255Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,877Income earned, not collected on loans
  • $562Earning assets
  • $146,663Long-term assets (5+ years)
  • $14,597Average Assets, year-to-date
  • $160,331Average Assets, quarterly
  • $158,946Volatile liabilities
  • $5,267Insider loans
  • $134FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $14,282Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $11,830Total risk weighted assets
  • $97,162Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $13,457Total interest expense
  • $5,782Net interest income
  • $7,675Provision for loan and lease losses
  • $1,740Total noninterest income
  • $1,417Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,007Trading account gains & fees
  • $0Additional noninterest income
  • $410Total noninterest expense
  • $7,287Salaries and employee benefits
  • $2,941Premises and equipment expense
  • $1,034Additional noninterest expense
  • $3,312Pre-tax net operating income
  • $65Securities gains (losses)
  • $0Applicable income taxes
  • -$35Income before extraordinary items
  • $100Extraordinary gains - net
  • $0Net income attributable to bank
  • $100Net charge-offs
  • $1,468Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.09%Cost of funding earning assets
  • 3.91%Net interest margin
  • 5.18%Noninterest income to earning assets
  • 0.96%Noninterest expense to earning assets
  • 4.92%Net operating income to assets
  • 0.06%Return on assets (ROA)
  • 0.06%Pretax return on assets
  • 0.04%Return on equity (ROE)
  • 0.85%Retained earnings to average equity (YTD only)
  • 0.85%Net charge-offs to loans
  • 1.30%Credit loss provision to net charge-offs
  • 118.53%Efficiency ratio
  • 80,147Assets per employee
  • 1.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.87%Loss allowance to noncurrent loans
  • 103.09%Noncurrent assets plus other real estate owned to assets
  • 1.31%Noncurrent loans to loans
  • 1.82%Net loans and leases to deposits
  • 68.65%Net loans and leases to core deposits
  • 71.19%Equity capital to assets
  • 7.36%Core capital (leverage) ratio
  • 7.49%Tier 1 risk-based capital ratio
  • 12.18%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $160,331Average earning assets
  • $11,830Average equity
  • $148,043Average loans

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