FDIC Certificate #: 14608 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:The Farmers & Merchants State Bank (#5969) Federal Reserve ID: 224749 Date Established: July 18, 1934 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 16151 FDIC's unique #: 9131 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 18, 1934 Last Structure Change Effective Date: December 31, 2007 Last Structure Change Process Date: January 08, 2008 Last Data Update: January 08, 2008 Data Source Date: April 05, 2012
Location
Address: 200 South Broadway, Butler, IN 46721 County: Dekalb 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): Fort Wayne, IN (#2760) Combined Statistical Area (CSA): Fort Wayne-Huntington-Auburn, IN (#258) Core Based Statistical Area (CBSA): Auburn, IN (#12140) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $46.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
23Total employees (full-time equivalent)
$46,394Total assets
$2,111Cash and due from depository institutions
$0Interest-bearing balances
$3,474Securities
$5,072Federal funds sold & reverse repurchase agreements
$33,020Net loans & leases
$299Loan loss allowance
$0Trading account assets
$1,004Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$1,073Life insurance assets
$1,713All other assets
$46,394Total liabilities and capital
$41,863Total liabilities
$41,561Total deposits
$32,630Interest-bearing deposits
$41,561Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$302All other liabilities
$4,531Total equity capital
$4,531Total bank equity capital
$4,531Perpetual preferred stock
$0Common stock
$300Surplus
$1,880Undivided profits
Memoranda
$2,351Noncurrent loans and leases
$4,670Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,103Earning assets
$701Long-term assets (5+ years)
$179Average Assets, year-to-date
$41,566Average Assets, quarterly
$15,793Volatile liabilities
$48,099Insider loans
$46,949FHLB advances
$2,510Loans and leases held for sale
$1,686Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,670Total unused commitments
$0Restructured Loans and leases
$299Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$2,572Total interest income
$795Total interest expense
$1,777Net interest income
$20Provision for loan and lease losses
$467Total noninterest income
$0Fiduciary activities
$326Service charges on deposit accounts
$0Trading account gains & fees
$141Additional noninterest income
$1,698Total noninterest expense
$862Salaries and employee benefits
$382Premises and equipment expense
$454Additional noninterest expense
$526Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$526Income before extraordinary items
$0Extraordinary gains - net
$526Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$30Sale, conversion, retirement of capital stock, net
$260Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.11%Yield on earning assets
1.89%Cost of funding earning assets
4.22%Net interest margin
1.11%Noninterest income to earning assets
4.04%Noninterest expense to earning assets
1.09%Net operating income to assets
1.09%Return on assets (ROA)
1.09%Pretax return on assets
12.25%Return on equity (ROE)
6.20%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
66.67%Credit loss provision to net charge-offs
18.20%Efficiency ratio
75,668Assets per employee
2.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.43%Loss allowance to loans
0.90%Loss allowance to noncurrent loans
27.11%Noncurrent assets plus other real estate owned to assets
2.38%Noncurrent loans to loans
3.31%Net loans and leases to deposits
79.45%Net loans and leases to core deposits
84.56%Equity capital to assets
9.77%Core capital (leverage) ratio
9.18%Tier 1 risk-based capital ratio
16.37%Total risk-based capital ratio
Memoranda
$17Average assets
$48,099Average earning assets
$4,292Average equity
$42,073Average loans
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