The Citizens National Bank of Tipton in Tipton, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 1993

  • The Citizens National Bank of Tipton in Tipton, Indiana (IN)
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The Citizens National Bank of Tipton - Overview

  • General
  • FDIC Certificate #: 4383
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National City Bank of Indiana (#4347)
    Federal Reserve ID: 700542
    Date Established: January 01, 1904
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 2887
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 01, 1993
    Last Structure Change Process Date: June 02, 1993
    Last Data Update: June 02, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 North Main Street, Tipton, IN 46072
    County: Tipton
    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): Kokomo, IN (#3850)
    Combined Statistical Area (CSA): Kokomo-Peru, IN (#316)
    Core Based Statistical Area (CBSA): Kokomo, IN (#29020)
    CBSA Metro Statistical Area: Kokomo, IN (#29020)
  • Financial Summary
  • Total assets: $54.4 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $26Total assets
  • $57,797Cash and due from depository institutions
  • $5,714Interest-bearing balances
  • $0Securities
  • $5,907Federal funds sold & reverse repurchase agreements
  • $10,700Net loans & leases
  • $34,520Loan loss allowance
  • $420Trading account assets
  • $0Bank premises and fixed assets
  • $220Other real estate owned
  • $0Goodwill and other intangibles
  • $736Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $57,797Total liabilities
  • $52,981Total deposits
  • $52,747Interest-bearing deposits
  • $44,903Deposits held in domestic offices
  • 52747.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $234Total equity capital
  • $234Total bank equity capital
  • $4,816Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $1,500Undivided profits
  • Memoranda
  • $3,116Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $171Income earned, not collected on loans
  • $651Earning assets
  • $51,127Long-term assets (5+ years)
  • $7,068Average Assets, year-to-date
  • $59,943Average Assets, quarterly
  • $56,800Volatile liabilities
  • $2,330Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,742Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,816Total risk weighted assets
  • $36,324Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,285Total interest expense
  • $2,067Net interest income
  • $2,218Provision for loan and lease losses
  • $12Total noninterest income
  • $240Fiduciary activities
  • $0Service charges on deposit accounts
  • $147Trading account gains & fees
  • $0Additional noninterest income
  • $93Total noninterest expense
  • $1,439Salaries and employee benefits
  • $702Premises and equipment expense
  • $148Additional noninterest expense
  • $589Pre-tax net operating income
  • $1,007Securities gains (losses)
  • $1Applicable income taxes
  • $370Income before extraordinary items
  • $638Extraordinary gains - net
  • $0Net income attributable to bank
  • $638Net charge-offs
  • $15Cash dividends
  • $100Sale, 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
  • 7.98%Cost of funding earning assets
  • 3.85%Net interest margin
  • 4.13%Noninterest income to earning assets
  • 0.45%Noninterest expense to earning assets
  • 2.68%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 1.68%Return on equity (ROE)
  • 14.10%Retained earnings to average equity (YTD only)
  • 11.89%Net charge-offs to loans
  • 0.04%Credit loss provision to net charge-offs
  • 80.00%Efficiency ratio
  • 58,544Assets per employee
  • 2.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.67%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 245.61%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.49%Net loans and leases to deposits
  • 65.44%Net loans and leases to core deposits
  • 68.47%Equity capital to assets
  • 8.33%Core capital (leverage) ratio
  • 8.54%Tier 1 risk-based capital ratio
  • 13.26%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $59,943Average earning assets
  • $4,524Average equity
  • $53,720Average loans

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