Star Financial Bank, New Castle, Indiana in New Castle, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 15, 1997

Star Financial Bank, New Castle, Indiana in New Castle, Indiana (IN)
Show street view No street view available for this location

Star Financial Bank, New Castle, Indiana - Overview

General
FDIC Certificate #: 8055
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: STAR Financial Bank (#27235)
Federal Reserve ID: 94643
Date Established: January 01, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Interstate: No)
OTS Docket #: 11035
FDIC's unique #: 5124
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: November 15, 1997
Last Structure Change Process Date: December 31, 1997
Last Data Update: December 31, 1997
Data Source Date: April 05, 2012
Location
Address: 403 Parkview Drive, New Castle, IN 47362
County: Henry
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): Indianapolis-Anderson-Columbus, IN (#294)
Core Based Statistical Area (CBSA): New Castle, IN (#35220)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $165.5 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)
$62Total assets
$149,474Cash and due from depository institutions
$7,200Interest-bearing balances
$0Securities
$21,572Federal funds sold & reverse repurchase agreements
$950Net loans & leases
$114,536Loan loss allowance
$1,665Trading account assets
$0Bank premises and fixed assets
$2,473Other real estate owned
$100Goodwill and other intangibles
$2,643Life insurance assets
$0All other assets
$0Total liabilities and capital
$149,474Total liabilities
$139,036Total deposits
$128,696Interest-bearing deposits
$110,524Deposits held in domestic offices
128696.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$4,239Trading liabilities
$0Other borrowed funds
$5,152Subordinated debt
$0All other liabilities
$949Total equity capital
$949Total bank equity capital
$10,438Perpetual preferred stock
$0Common stock
$320Surplus
$3,440Undivided profits
Memoranda
$6,678Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$248Income earned, not collected on loans
$873Earning assets
$137,058Long-term assets (5+ years)
$18,525Average Assets, year-to-date
$147,699Average Assets, quarterly
$155,016Volatile liabilities
$17,242Insider loans
$1,187FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$14,840Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,394Total risk weighted assets
$116,434Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$11,819Total interest expense
$5,601Net interest income
$6,218Provision for loan and lease losses
$480Total noninterest income
$1,257Fiduciary activities
$0Service charges on deposit accounts
$648Trading account gains & fees
$0Additional noninterest income
$609Total noninterest expense
$4,636Salaries and employee benefits
$1,639Premises and equipment expense
$804Additional noninterest expense
$2,193Pre-tax net operating income
$2,359Securities gains (losses)
$4Applicable income taxes
$814Income before extraordinary items
$1,549Extraordinary gains - net
$0Net income attributable to bank
$1,549Net charge-offs
$310Cash dividends
$558Sale, 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
8.83%Cost of funding earning assets
4.19%Net interest margin
4.65%Noninterest income to earning assets
0.94%Noninterest expense to earning assets
3.46%Net operating income to assets
1.05%Return on assets (ROA)
1.05%Pretax return on assets
1.60%Return on equity (ROE)
15.69%Retained earnings to average equity (YTD only)
10.04%Net charge-offs to loans
0.29%Credit loss provision to net charge-offs
154.84%Efficiency ratio
62,020Assets per employee
2.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.02%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
671.37%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.21%Net loans and leases to deposits
89.00%Net loans and leases to core deposits
98.87%Equity capital to assets
6.98%Core capital (leverage) ratio
6.72%Tier 1 risk-based capital ratio
8.93%Total risk-based capital ratio
Memoranda
$10Average assets
$147,699Average earning assets
$9,873Average equity
$133,834Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Star Financial Bank, New Castle, Indiana.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.