FDIC Certificate #: 29689 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:MFB Financial (The "Savings Bank") (#28153) Federal Reserve ID: 344272 Date Established: January 01, 1893 WWW:http://www.sobieskibank.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3889 FDIC's unique #: 42523 Numeric code: 37 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: November 20, 1936 Last Structure Change Effective Date: August 07, 2004 Last Structure Change Process Date: September 16, 2004 Last Data Update: September 16, 2004 Data Source Date: April 05, 2012
Location
Address: 2930 West Cleveland Road, South Bend, IN 46619 County: St Joseph 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): South Bend, IN (#7800) Combined Statistical Area (CSA): South Bend-Elkhart-Mishawaka, IN-MI (#515) Core Based Statistical Area (CBSA): South Bend-Mishawaka, IN-MI (#43780) CBSA Metro Statistical Area: South Bend-Mishawaka, IN-MI (#43780)
Financial Summary
Total assets: $105.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
31Total employees (full-time equivalent)
$110,452Total assets
$7,869Cash and due from depository institutions
$5,848Interest-bearing balances
$28,051Securities
$0Federal funds sold & reverse repurchase agreements
$63,885Net loans & leases
$1,442Loan loss allowance
$0Trading account assets
$2,473Bank premises and fixed assets
$3,358Other real estate owned
$210Goodwill and other intangibles
$0Life insurance assets
$4,606All other assets
$110,452Total liabilities and capital
$106,036Total liabilities
$71,752Total deposits
$69,929Interest-bearing deposits
$71,752Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$33,775Other borrowed funds
$0Subordinated debt
$509All other liabilities
$4,416Total equity capital
$4,416Total bank equity capital
$4,416Perpetual preferred stock
$0Common stock
$10Surplus
$6,502Undivided profits
Memoranda
$-2,096Noncurrent loans and leases
$8,571Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,096Earning assets
$0Long-term assets (5+ years)
$339Average Assets, year-to-date
$97,784Average Assets, quarterly
$0Volatile liabilities
$122,013Insider loans
$114,263FHLB advances
$45,250Loans and leases held for sale
$1,067Unused loan commitments
$33,550Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,571Total unused commitments
$0Restructured Loans and leases
$710Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$5,779Total interest income
$4,344Total interest expense
$1,435Net interest income
$1,536Provision for loan and lease losses
-$893Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$893Additional noninterest income
$3,920Total noninterest expense
$1,983Salaries and employee benefits
$659Premises and equipment expense
$1,278Additional noninterest expense
-$4,914Pre-tax net operating income
$430Securities gains (losses)
$275Applicable income taxes
-$4,759Income before extraordinary items
$0Extraordinary gains - net
-$4,759Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,353Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.36%Yield on earning assets
4.03%Cost of funding earning assets
1.33%Net interest margin
-0.83%Noninterest income to earning assets
3.64%Noninterest expense to earning assets
-4.25%Net operating income to assets
-3.90%Return on assets (ROA)
-3.68%Pretax return on assets
-67.96%Return on equity (ROE)
-67.96%Retained earnings to average equity (YTD only)
3.16%Net charge-offs to loans
65.28%Credit loss provision to net charge-offs
-1.44%Efficiency ratio
723,247Assets per employee
3.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.21%Loss allowance to noncurrent loans
46.58%Noncurrent assets plus other real estate owned to assets
5.84%Noncurrent loans to loans
4.74%Net loans and leases to deposits
89.04%Net loans and leases to core deposits
105.99%Equity capital to assets
4.00%Core capital (leverage) ratio
3.89%Tier 1 risk-based capital ratio
7.65%Total risk-based capital ratio
Memoranda
$9Average assets
$122,013Average earning assets
$7,003Average equity
$107,755Average loans
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