Summit Bank of Clinton County in Frankfort, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 18, 1993

Summit Bank of Clinton County in Frankfort, Indiana (IN)
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Summit Bank of Clinton County - Overview

General
FDIC Certificate #: 13092
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: NBD Bank, National Association (#8075)
Federal Reserve ID: 493349
Date Established: July 25, 1891
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
FDIC's unique #: 8279
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: Febuary 18, 1993
Last Structure Change Process Date: Febuary 26, 1993
Last Data Update: Febuary 26, 1993
Data Source Date: April 05, 2012
Location
Address: 2 East Washington Street, Frankfort, IN 46041
County: Clinton
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): Lafayette, IN (#3920)
Combined Statistical Area (CSA): Lafayette-Frankfort, IN (#320)
Core Based Statistical Area (CBSA): Frankfort, IN (#23140)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $122.0 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$77Total assets
$122,027Cash and due from depository institutions
$2,744Interest-bearing balances
$0Securities
$29,451Federal funds sold & reverse repurchase agreements
$600Net loans & leases
$85,751Loan loss allowance
$2,297Trading account assets
$0Bank premises and fixed assets
$1,602Other real estate owned
$225Goodwill and other intangibles
$1,654Life insurance assets
$0All other assets
$0Total liabilities and capital
$122,027Total liabilities
$110,985Total deposits
$108,200Interest-bearing deposits
$95,870Deposits held in domestic offices
108200.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$1,442Trading liabilities
$0Other borrowed funds
$661Subordinated debt
$0All other liabilities
$682Total equity capital
$682Total bank equity capital
$11,042Perpetual preferred stock
$0Common stock
$1,300Surplus
$5,700Undivided profits
Memoranda
$4,042Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,186Income earned, not collected on loans
$834Earning assets
$115,802Long-term assets (5+ years)
$24,231Average Assets, year-to-date
$127,123Average Assets, quarterly
$124,122Volatile liabilities
$8,179Insider loans
$260FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$12,040Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$11,042Total risk weighted assets
$86,539Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$10,686Total interest expense
$4,603Net interest income
$6,083Provision for loan and lease losses
$2,155Total noninterest income
$545Fiduciary activities
$0Service charges on deposit accounts
$395Trading account gains & fees
$0Additional noninterest income
$150Total noninterest expense
$3,885Salaries and employee benefits
$1,822Premises and equipment expense
$671Additional noninterest expense
$1,392Pre-tax net operating income
$588Securities gains (losses)
$46Applicable income taxes
$3Income before extraordinary items
$631Extraordinary gains - net
-$67Net income attributable to bank
$564Net charge-offs
$1,699Cash dividends
$450Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.84%Cost of funding earning assets
3.81%Net interest margin
5.03%Noninterest income to earning assets
0.45%Noninterest expense to earning assets
3.21%Net operating income to assets
0.46%Return on assets (ROA)
0.44%Pretax return on assets
0.45%Return on equity (ROE)
5.26%Retained earnings to average equity (YTD only)
1.06%Net charge-offs to loans
1.92%Credit loss provision to net charge-offs
126.84%Efficiency ratio
58,615Assets per employee
1.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
79.79%Loss allowance to loans
2.61%Loss allowance to noncurrent loans
193.68%Noncurrent assets plus other real estate owned to assets
1.16%Noncurrent loans to loans
1.35%Net loans and leases to deposits
79.25%Net loans and leases to core deposits
83.97%Equity capital to assets
9.05%Core capital (leverage) ratio
8.92%Tier 1 risk-based capital ratio
12.76%Total risk-based capital ratio
Memoranda
$14Average assets
$127,123Average earning assets
$10,724Average equity
$120,848Average loans

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