Pacesetter Bank of Montpelier in Montpelier, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1997

Pacesetter Bank of Montpelier in Montpelier, Indiana (IN)
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Pacesetter Bank of Montpelier - Overview

General
FDIC Certificate #: 15707
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Pacesetter Bank (#19340)
Federal Reserve ID: 937946
Date Established: December 20, 1939
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 11593
FDIC's unique #: 9973
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: December 20, 1939
Last Structure Change Effective Date: October 01, 1997
Last Structure Change Process Date: November 17, 1997
Last Data Update: November 17, 1997
Data Source Date: April 05, 2012
Location
Address: 110 South Main Street, Montpelier, IN 47359
County: Blackford
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
Financial Summary
Total assets: $29.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$20Total assets
$30,278Cash and due from depository institutions
$1,822Interest-bearing balances
$26Securities
$10,271Federal funds sold & reverse repurchase agreements
$300Net loans & leases
$17,002Loan loss allowance
$157Trading account assets
$0Bank premises and fixed assets
$530Other real estate owned
$33Goodwill and other intangibles
$320Life insurance assets
$0All other assets
$0Total liabilities and capital
$30,278Total liabilities
$27,511Total deposits
$27,392Interest-bearing deposits
$24,055Deposits held in domestic offices
27392.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$119Total equity capital
$119Total bank equity capital
$2,767Perpetual preferred stock
$0Common stock
$400Surplus
$500Undivided profits
Memoranda
$1,867Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$164Income earned, not collected on loans
$123Earning assets
$27,599Long-term assets (5+ years)
$3,619Average Assets, year-to-date
$32,335Average Assets, quarterly
$30,649Volatile liabilities
$1,432Insider loans
$157FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,091Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,769Total risk weighted assets
$16,415Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$2,233Total interest expense
$1,041Net interest income
$1,192Provision for loan and lease losses
$98Total noninterest income
$165Fiduciary activities
$0Service charges on deposit accounts
$126Trading account gains & fees
$0Additional noninterest income
$39Total noninterest expense
$991Salaries and employee benefits
$415Premises and equipment expense
$144Additional noninterest expense
$432Pre-tax net operating income
$268Securities gains (losses)
$0Applicable income taxes
$87Income before extraordinary items
$181Extraordinary gains - net
$0Net income attributable to bank
$181Net charge-offs
$101Cash dividends
$72Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.79%Cost of funding earning assets
3.63%Net interest margin
4.16%Noninterest income to earning assets
0.58%Noninterest expense to earning assets
3.46%Net operating income to assets
0.56%Return on assets (ROA)
0.56%Pretax return on assets
0.83%Return on equity (ROE)
6.64%Retained earnings to average equity (YTD only)
4.00%Net charge-offs to loans
0.60%Credit loss provision to net charge-offs
97.03%Efficiency ratio
73,029Assets per employee
1.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
39.78%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
95.73%Noncurrent assets plus other real estate owned to assets
0.65%Noncurrent loans to loans
0.96%Net loans and leases to deposits
62.07%Net loans and leases to core deposits
65.49%Equity capital to assets
9.14%Core capital (leverage) ratio
9.14%Tier 1 risk-based capital ratio
16.87%Total risk-based capital ratio
Memoranda
$18Average assets
$32,335Average earning assets
$2,725Average equity
$28,671Average loans

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