Summit Bank of Indianapolis in city_name, state_name - Detailed Financial Reports, Location

Summit Bank of Indianapolis in Indianapolis, Indiana (IN)
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Summit Bank of Indianapolis - Overview

General
FDIC Certificate #: 27396
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: NBD Bank, National Association (#8075)
Federal Reserve ID: 1226432
Date Established: December 02, 1988
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 12 (Interstate: No)
FDIC's unique #: 39862
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: December 02, 1988
Last Structure Change Effective Date: Febuary 19, 1993
Last Structure Change Process Date: Febuary 26, 1993
Last Data Update: Febuary 26, 1993
Data Source Date: April 05, 2012
Location
Address: 110 East Washington Street, Indianapolis, IN 46204
County: Marion
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): Indianapolis, IN (#3480)
Combined Statistical Area (CSA): Indianapolis-Anderson-Columbus, IN (#294)
Core Based Statistical Area (CBSA): Indianapolis-Carmel, IN (#26900)
CBSA Metro Statistical Area: Indianapolis-Carmel, IN (#26900)
Financial Summary
Total assets: $280.4 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$155Total assets
$280,385Cash and due from depository institutions
$12,821Interest-bearing balances
$0Securities
$47,961Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$207,067Loan loss allowance
$5,653Trading account assets
$0Bank premises and fixed assets
$5,890Other real estate owned
$1,412Goodwill and other intangibles
$4,662Life insurance assets
$572All other assets
$0Total liabilities and capital
$280,385Total liabilities
$253,787Total deposits
$238,259Interest-bearing deposits
$211,610Deposits held in domestic offices
238259.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$12,030Trading liabilities
$0Other borrowed funds
$1,582Subordinated debt
$0All other liabilities
$1,916Total equity capital
$1,916Total bank equity capital
$26,598Perpetual preferred stock
$0Common stock
$5,000Surplus
$12,640Undivided profits
Memoranda
$8,958Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,772Income earned, not collected on loans
$1,317Earning assets
$255,028Long-term assets (5+ years)
$48,896Average Assets, year-to-date
$284,459Average Assets, quarterly
$278,832Volatile liabilities
$34,826Insider loans
$109FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$26,283Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$26,026Total risk weighted assets
$226,712Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$23,147Total interest expense
$11,017Net interest income
$12,130Provision for loan and lease losses
$4,975Total noninterest income
$1,181Fiduciary activities
$0Service charges on deposit accounts
$727Trading account gains & fees
$0Additional noninterest income
$454Total noninterest expense
$12,498Salaries and employee benefits
$4,637Premises and equipment expense
$1,475Additional noninterest expense
$6,386Pre-tax net operating income
-$4,162Securities gains (losses)
$1Applicable income taxes
-$688Income before extraordinary items
-$3,473Extraordinary gains - net
$515Net income attributable to bank
-$2,958Net charge-offs
$4,409Cash dividends
$0Sale, 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
8.87%Cost of funding earning assets
4.22%Net interest margin
4.65%Noninterest income to earning assets
0.45%Noninterest expense to earning assets
4.79%Net operating income to assets
-1.22%Return on assets (ROA)
-1.04%Pretax return on assets
-1.28%Return on equity (ROE)
-10.69%Retained earnings to average equity (YTD only)
-10.69%Net charge-offs to loans
2.06%Credit loss provision to net charge-offs
112.84%Efficiency ratio
64,766Assets per employee
1.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.66%Loss allowance to noncurrent loans
83.48%Noncurrent assets plus other real estate owned to assets
2.92%Noncurrent loans to loans
3.18%Net loans and leases to deposits
86.91%Net loans and leases to core deposits
95.40%Equity capital to assets
9.49%Core capital (leverage) ratio
9.46%Tier 1 risk-based capital ratio
11.48%Total risk-based capital ratio
Memoranda
$13Average assets
$284,459Average earning assets
$27,674Average equity
$260,893Average loans

Summit Bank of Indianapolis in Indianapolis, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Summit Bank of Indianapolis - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

Summit Bank of Indianapolis in Indianapolis, Indiana (IN)Overview, Financial Summary, Detailed Financial Reports, Branches

Summit Bank of Indianapolis - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

Summit Bank of Indianapolis in Indianapolis, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches