FDIC Certificate #: 1829 Status: Active Federal Reserve ID: 503547 Bank Holding Company (Regulatory Top Holder): Fairmount Banking Company (RSSDID: 2033440, Location: Fairmount, IN) Date Established: December 18, 1902 WWW:http://www.fairmountstatebank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 1215 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization 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: 101 North 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: $40.8 mil Equity capital: $6.3 mil Deposits held in domestic offices: $33.6 mil Return on assets (ROA): 0.46% ($0.2 mil) Quarterly return on assets: 0.45% ($0.2 mil) Return on Equity (ROE): 3.03% ($0.2 mil) Quarterly return on equity: 2.92% ($0.2 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.48% ($195.9 mil) Quarterly Pretax return on assets: 0.49% ($200.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
13Total employees (full-time equivalent)
$40,816Total assets
$6,017Cash and due from depository institutions
$552Interest-bearing balances
$17,359Securities
$0Federal funds sold & reverse repurchase agreements
$16,450Net loans & leases
$304Loan loss allowance
$0Trading account assets
$233Bank premises and fixed assets
$148Other real estate owned
$0Goodwill and other intangibles
$40,816Life insurance assets
$609All other assets
$34,565Total liabilities and capital
$33,616Total liabilities
$21,541Total deposits
$33,616Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$949Subordinated debt
$6,251All other liabilities
$6,251Total equity capital
$6,251Total bank equity capital
$0Perpetual preferred stock
$500Common stock
$1,000Surplus
$4,751Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$958Income earned, not collected on loans
$0Earning assets
$407Long-term assets (5+ years)
$34,361Average Assets, year-to-date
$18,996Average Assets, quarterly
$39,396Volatile liabilities
$40,557Insider loans
$21,109FHLB advances
$41,195Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,880Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$316Restructured Loans and leases
$2Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,622Total interest income
$292Total interest expense
$1,330Net interest income
$76Provision for loan and lease losses
$173Total noninterest income
$8Fiduciary activities
$88Service charges on deposit accounts
$0Trading account gains & fees
$77Additional noninterest income
$1,239Total noninterest expense
$706Salaries and employee benefits
$202Premises and equipment expense
$331Additional noninterest expense
$188Pre-tax net operating income
$0Securities gains (losses)
$8Applicable income taxes
$180Income before extraordinary items
$0Extraordinary gains - net
$180Net income attributable to bank
$0Net charge-offs
$180Cash dividends
$78Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.76%Yield on earning assets
0.86%Cost of funding earning assets
3.90%Net interest margin
0.51%Noninterest income to earning assets
3.64%Noninterest expense to earning assets
0.46%Net operating income to assets
0.46%Return on assets (ROA)
0.48%Pretax return on assets
3.03%Return on equity (ROE)
3.03%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
97.44%Credit loss provision to net charge-offs
3.38%Efficiency ratio
82,435Assets per employee
3.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
31.73%Noncurrent assets plus other real estate owned to assets
2.71%Noncurrent loans to loans
5.72%Net loans and leases to deposits
48.94%Net loans and leases to core deposits
50.05%Equity capital to assets
15.32%Core capital (leverage) ratio
14.27%Tier 1 risk-based capital ratio
27.86%Total risk-based capital ratio
Memoranda
$29Average assets
$39,396Average earning assets
$5,948Average equity
$34,064Average 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
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