FDIC Certificate #: 4386 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:German American Bancorp (#17393) Federal Reserve ID: 276449 Date Established: January 14, 1890 WWW:http://www.stonecitybank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 2890 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 30, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 1502 I Street, Bedford, IN 47421 County: Lawrence 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 Core Based Statistical Area (CBSA): Bedford, IN (#13260) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $68.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
39Total employees (full-time equivalent)
$60,282Total assets
$2,492Cash and due from depository institutions
$200Interest-bearing balances
$6,060Securities
$201Federal funds sold & reverse repurchase agreements
$47,229Net loans & leases
$658Loan loss allowance
$0Trading account assets
$1,493Bank premises and fixed assets
$300Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,507All other assets
$60,282Total liabilities and capital
$55,654Total liabilities
$47,657Total deposits
$39,645Interest-bearing deposits
$47,657Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,760Other borrowed funds
$0Subordinated debt
$237All other liabilities
$4,628Total equity capital
$4,628Total bank equity capital
$4,628Perpetual preferred stock
$0Common stock
$1,200Surplus
$2,000Undivided profits
Memoranda
$1,428Noncurrent loans and leases
$3,727Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$510Earning assets
$0Long-term assets (5+ years)
$371Average Assets, year-to-date
$53,690Average Assets, quarterly
$9,268Volatile liabilities
$59,586Insider loans
$60,517FHLB advances
$7,726Loans and leases held for sale
$173Unused loan commitments
$7,760Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,727Total unused commitments
$0Restructured Loans and leases
$611Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$3,432Total interest income
$952Total interest expense
$2,480Net interest income
$259Provision for loan and lease losses
$547Total noninterest income
$0Fiduciary activities
$214Service charges on deposit accounts
$0Trading account gains & fees
$333Additional noninterest income
$2,753Total noninterest expense
$1,577Salaries and employee benefits
$383Premises and equipment expense
$793Additional noninterest expense
$15Pre-tax net operating income
$4Securities gains (losses)
$0Applicable income taxes
$19Income before extraordinary items
$0Extraordinary gains - net
$19Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$112Sale, conversion, retirement of capital stock, net
$347Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.57%Yield on earning assets
1.82%Cost of funding earning assets
4.75%Net interest margin
1.05%Noninterest income to earning assets
5.27%Noninterest expense to earning assets
0.03%Net operating income to assets
0.03%Return on assets (ROA)
0.03%Pretax return on assets
0.38%Return on equity (ROE)
-6.54%Retained earnings to average equity (YTD only)
0.25%Net charge-offs to loans
231.25%Credit loss provision to net charge-offs
2.45%Efficiency ratio
90,948Assets per employee
1.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
1826.32%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
129.02%Noncurrent assets plus other real estate owned to assets
1.34%Noncurrent loans to loans
1.07%Net loans and leases to deposits
99.10%Net loans and leases to core deposits
115.39%Equity capital to assets
7.68%Core capital (leverage) ratio
7.56%Tier 1 risk-based capital ratio
9.54%Total risk-based capital ratio
Memoranda
$11Average assets
$59,586Average earning assets
$5,014Average equity
$52,250Average loans
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