FDIC Certificate #: 195 Status: Active Federal Reserve ID: 549545 Bank Holding Company (Regulatory Top Holder): Century Bank Corp. (RSSDID: 2632731, Location: Fairmount, IN) Date Established: July 15, 1893 WWW:http://www.citizensexchangebank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 157 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 102 South Main Street, Fairmount, IN 46928 County: Grant 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): Marion, IN (#31980) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $61.1 mil Equity capital: $7.3 mil Deposits held in domestic offices: $53.6 mil Return on assets (ROA): 0.26% ($0.2 mil) Quarterly return on assets: 0.01% ($0.0 mil) Return on Equity (ROE): 2.08% ($0.1 mil) Quarterly return on equity: 0.05% ($0.0 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.31% ($189.4 mil) Quarterly Pretax return on assets: 0.01% ($6.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
14Total employees (full-time equivalent)
$61,095Total assets
$14,258Cash and due from depository institutions
$13,568Interest-bearing balances
$20,442Securities
$0Federal funds sold & reverse repurchase agreements
$25,221Net loans & leases
$425Loan loss allowance
$0Trading account assets
$351Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$61,095Life insurance assets
$823All other assets
$53,791Total liabilities and capital
$53,589Total liabilities
$45,598Total deposits
$53,589Interest-bearing deposits
$92Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$35Trading liabilities
$0Other borrowed funds
$167Subordinated debt
$7,304All other liabilities
$7,304Total equity capital
$7,304Total bank equity capital
$0Perpetual preferred stock
$159Common stock
$3,180Surplus
$3,965Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,241Income earned, not collected on loans
$0Earning assets
$296Long-term assets (5+ years)
$59,231Average Assets, year-to-date
$13,748Average Assets, quarterly
$58,749Volatile liabilities
$60,130Insider loans
$29,042FHLB advances
$60,277Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,206Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,137Restructured Loans and leases
$1,229Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,260Total interest income
$637Total interest expense
$1,623Net interest income
$0Provision for loan and lease losses
$224Total noninterest income
$2Fiduciary activities
$53Service charges on deposit accounts
$0Trading account gains & fees
$169Additional noninterest income
$1,667Total noninterest expense
$989Salaries and employee benefits
$199Premises and equipment expense
$479Additional noninterest expense
$180Pre-tax net operating income
$0Securities gains (losses)
$29Applicable income taxes
$151Income before extraordinary items
$0Extraordinary gains - net
$151Net income attributable to bank
$0Net charge-offs
$151Cash dividends
$68Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.01%Yield on earning assets
1.13%Cost of funding earning assets
2.88%Net interest margin
0.40%Noninterest income to earning assets
2.96%Noninterest expense to earning assets
0.26%Net operating income to assets
0.26%Return on assets (ROA)
0.31%Pretax return on assets
2.08%Return on equity (ROE)
2.08%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
2.65%Efficiency ratio
90,254Assets per employee
4.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.66%Loss allowance to noncurrent loans
34.25%Noncurrent assets plus other real estate owned to assets
2.03%Noncurrent loans to loans
4.84%Net loans and leases to deposits
47.06%Net loans and leases to core deposits
47.85%Equity capital to assets
11.96%Core capital (leverage) ratio
11.95%Tier 1 risk-based capital ratio
24.81%Total risk-based capital ratio
Memoranda
$26Average assets
$58,749Average earning assets
$7,257Average equity
$56,389Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Citizens Exchange Bank.
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.
Comment about this bank, ask questions, or add new information about it: