FDIC Certificate #: 29580 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Standard Bank and Trust Company (#16606) Federal Reserve ID: 453772 Date Established: January 01, 1934 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3695 FDIC's unique #: 42414 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: December 07, 1935 Last Structure Change Effective Date: June 05, 2003 Last Structure Change Process Date: July 01, 2003 Last Data Update: July 01, 2003 Data Source Date: April 05, 2012
Location
Address: 9321 Wicker Avenue, Saint John, IN 46373 County: Lake 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): 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)
Financial Summary
Total assets: $198.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
64Total employees (full-time equivalent)
$196,197Total assets
$42,892Cash and due from depository institutions
$36,779Interest-bearing balances
$36,820Securities
$0Federal funds sold & reverse repurchase agreements
$97,453Net loans & leases
$1,231Loan loss allowance
$0Trading account assets
$4,522Bank premises and fixed assets
$615Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$13,895All other assets
$196,197Total liabilities and capital
$165,696Total liabilities
$148,388Total deposits
$141,228Interest-bearing deposits
$148,388Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$16,374Other borrowed funds
$0Subordinated debt
$934All other liabilities
$30,501Total equity capital
$30,501Total bank equity capital
$30,501Perpetual preferred stock
$0Common stock
$1Surplus
$9,081Undivided profits
Memoranda
$21,419Noncurrent loans and leases
$18,232Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,262Earning assets
$0Long-term assets (5+ years)
$1,111Average Assets, year-to-date
$171,052Average Assets, quarterly
$0Volatile liabilities
$196,683Insider loans
$196,299FHLB advances
$40,164Loans and leases held for sale
$296Unused loan commitments
$15,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,232Total unused commitments
$615Restructured Loans and leases
$1,231Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$9,730Total interest income
$4,489Total interest expense
$5,241Net interest income
$55Provision for loan and lease losses
$1,626Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,626Additional noninterest income
$5,574Total noninterest expense
$3,152Salaries and employee benefits
$1,319Premises and equipment expense
$1,103Additional noninterest expense
$1,238Pre-tax net operating income
$312Securities gains (losses)
$513Applicable income taxes
$1,037Income before extraordinary items
$0Extraordinary gains - net
$1,037Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$168Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.66%Yield on earning assets
2.61%Cost of funding earning assets
3.05%Net interest margin
0.95%Noninterest income to earning assets
3.24%Noninterest expense to earning assets
0.42%Net operating income to assets
0.53%Return on assets (ROA)
0.79%Pretax return on assets
3.50%Return on equity (ROE)
3.50%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
32.74%Credit loss provision to net charge-offs
7.70%Efficiency ratio
81,171Assets per employee
3.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
97.54%Noncurrent assets plus other real estate owned to assets
0.96%Noncurrent loans to loans
1.28%Net loans and leases to deposits
65.67%Net loans and leases to core deposits
78.21%Equity capital to assets
15.55%Core capital (leverage) ratio
15.45%Tier 1 risk-based capital ratio
26.32%Total risk-based capital ratio
Memoranda
$27Average assets
$196,683Average earning assets
$29,608Average equity
$171,974Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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