People's Bank and Trust Company in Mount Vernon, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 17, 1997

People's Bank and Trust Company in Mount Vernon, Indiana (IN)
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People's Bank and Trust Company - Overview

General
FDIC Certificate #: 12852
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Old National Bank (#4393)
Federal Reserve ID: 178749
Date Established: January 01, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 10692
FDIC's unique #: 8135
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: October 17, 1997
Last Structure Change Process Date: November 17, 1997
Last Data Update: November 17, 1997
Data Source Date: April 05, 2012
Location
Address: 402 Main Street, Mount Vernon, IN 47620
County: Posey
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): Evansville-Henderson, IN-KY (#2440)
Core Based Statistical Area (CBSA): Evansville, IN-KY (#21780)
CBSA Metro Statistical Area: Evansville, IN-KY (#21780)
Financial Summary
Total assets: $114.4 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)
$31Total assets
$119,381Cash and due from depository institutions
$8,057Interest-bearing balances
$5Securities
$29,987Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$76,777Loan loss allowance
$1,097Trading account assets
$0Bank premises and fixed assets
$3,047Other real estate owned
$0Goodwill and other intangibles
$1,513Life insurance assets
$0All other assets
$0Total liabilities and capital
$119,381Total liabilities
$107,201Total deposits
$93,902Interest-bearing deposits
$82,082Deposits held in domestic offices
93902.00%% insured (estimated)
$78Federal funds purchased & repurchase agreements
$8,602Trading liabilities
$0Other borrowed funds
$3,000Subordinated debt
$0All other liabilities
$1,697Total equity capital
$1,697Total bank equity capital
$12,180Perpetual preferred stock
$0Common stock
$2,250Surplus
$4,500Undivided profits
Memoranda
$5,430Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$384Income earned, not collected on loans
$983Earning assets
$106,769Long-term assets (5+ years)
$46,343Average Assets, year-to-date
$118,059Average Assets, quarterly
$117,953Volatile liabilities
$25,864Insider loans
$7,287FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$11,068Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$11,624Total risk weighted assets
$75,722Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$8,958Total interest expense
$4,397Net interest income
$4,561Provision for loan and lease losses
$0Total noninterest income
$504Fiduciary activities
$55Service charges on deposit accounts
$324Trading account gains & fees
$0Additional noninterest income
$125Total noninterest expense
$2,441Salaries and employee benefits
$1,236Premises and equipment expense
$316Additional noninterest expense
$889Pre-tax net operating income
$2,624Securities gains (losses)
$689Applicable income taxes
$1,182Income before extraordinary items
$2,131Extraordinary gains - net
$0Net income attributable to bank
$2,131Net charge-offs
$16Cash dividends
$1,250Sale, 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
8.09%Cost of funding earning assets
3.97%Net interest margin
4.12%Noninterest income to earning assets
0.46%Noninterest expense to earning assets
2.21%Net operating income to assets
1.43%Return on assets (ROA)
1.81%Pretax return on assets
2.81%Return on equity (ROE)
17.90%Retained earnings to average equity (YTD only)
7.40%Net charge-offs to loans
0.02%Credit loss provision to net charge-offs
0.00%Efficiency ratio
48,193Assets per employee
3.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.66%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
285.68%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.49%Net loans and leases to deposits
81.76%Net loans and leases to core deposits
96.41%Equity capital to assets
10.20%Core capital (leverage) ratio
9.71%Tier 1 risk-based capital ratio
15.35%Total risk-based capital ratio
Memoranda
$17Average assets
$118,059Average earning assets
$11,903Average equity
$110,685Average loans

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