NorCen Bank in Culver, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 1995

  • NorCen Bank in Culver, Indiana (IN)
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NorCen Bank - Overview

  • General
  • FDIC Certificate #: 15561
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Indiana Federal Bank for Savings (#28831)
    Federal Reserve ID: 100348
    Date Established: January 01, 1905
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 9853
    Numeric code: 21
    Regulator: FDIC
    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: Febuary 01, 1995
    Last Structure Change Process Date: May 12, 1995
    Last Data Update: May 12, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: North Main Street, Culver, IN 46511
    County: Marshall
    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
    Combined Statistical Area (CSA): South Bend-Elkhart-Mishawaka, IN-MI (#515)
    Core Based Statistical Area (CBSA): Plymouth, IN (#38500)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $50.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $30Total assets
  • $50,120Cash and due from depository institutions
  • $1,492Interest-bearing balances
  • $0Securities
  • $17,699Federal funds sold & reverse repurchase agreements
  • $950Net loans & leases
  • $28,699Loan loss allowance
  • $738Trading account assets
  • $0Bank premises and fixed assets
  • $477Other real estate owned
  • $23Goodwill and other intangibles
  • $780Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $50,120Total liabilities
  • $43,264Total deposits
  • $42,994Interest-bearing deposits
  • $36,803Deposits held in domestic offices
  • 42994.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $270Total equity capital
  • $270Total bank equity capital
  • $6,856Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $4,950Undivided profits
  • Memoranda
  • $1,506Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $678Income earned, not collected on loans
  • $190Earning assets
  • $47,348Long-term assets (5+ years)
  • $15,034Average Assets, year-to-date
  • $51,293Average Assets, quarterly
  • $50,988Volatile liabilities
  • $2,973Insider loans
  • $291FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,310Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,966Total risk weighted assets
  • $26,433Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,587Total interest expense
  • $1,582Net interest income
  • $2,005Provision for loan and lease losses
  • -$203Total noninterest income
  • $667Fiduciary activities
  • $42Service charges on deposit accounts
  • $90Trading account gains & fees
  • $0Additional noninterest income
  • $535Total noninterest expense
  • $2,204Salaries and employee benefits
  • $1,147Premises and equipment expense
  • $368Additional noninterest expense
  • $689Pre-tax net operating income
  • $671Securities gains (losses)
  • -$7Applicable income taxes
  • $0Income before extraordinary items
  • $664Extraordinary gains - net
  • $0Net income attributable to bank
  • $664Net charge-offs
  • -$228Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.39%Cost of funding earning assets
  • 3.26%Net interest margin
  • 4.13%Noninterest income to earning assets
  • 1.37%Noninterest expense to earning assets
  • 4.54%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 1.29%Return on equity (ROE)
  • 10.25%Retained earnings to average equity (YTD only)
  • 10.25%Net charge-offs to loans
  • -0.78%Credit loss provision to net charge-offs
  • 89.04%Efficiency ratio
  • 82,485Assets per employee
  • 1.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.51%Loss allowance to noncurrent loans
  • 108.85%Noncurrent assets plus other real estate owned to assets
  • 1.40%Noncurrent loans to loans
  • 2.30%Net loans and leases to deposits
  • 66.75%Net loans and leases to core deposits
  • 71.71%Equity capital to assets
  • 13.68%Core capital (leverage) ratio
  • 13.64%Tier 1 risk-based capital ratio
  • 26.35%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $51,293Average earning assets
  • $6,476Average equity
  • $48,528Average loans

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