The First Bank of Mitchell in Mitchell, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 20, 2001

The First Bank of Mitchell in Mitchell, Indiana (IN)
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The First Bank of Mitchell - Overview

General
FDIC Certificate #: 4402
Status: Inactive
Closing history: Change in Insurance Status
Acquiring institution: Bloomfield State Bank (#15714)
Federal Reserve ID: 179241
Date Established: January 01, 1903
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 16619
FDIC's unique #: 2902
Numeric code: 43
Regulator: OTS
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 20, 2001
Last Structure Change Process Date: October 04, 2001
Last Data Update: May 02, 2006
Data Source Date: April 05, 2012
Location
Address: 628 Main Street, Mitchell, IN 47446
County: Lawrence
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): Bedford, IN (#13260)
CBSA Micro Statistical Area: Yes
History of Changes
Other Liquidations and Closings
Corrections
Change in Insurance Status
Financial Summary
Total assets: $77.7 mil

1992 - 1999 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, 2000)

Dollar figures in thousands
25Total employees (full-time equivalent)
$80,414Total assets
$1,602Cash and due from depository institutions
$18Interest-bearing balances
$13,145Securities
$1,546Federal funds sold & reverse repurchase agreements
$58,149Net loans & leases
$154Loan loss allowance
$0Trading account assets
$1,733Bank premises and fixed assets
$0Other real estate owned
$2,031Goodwill and other intangibles
$0Life insurance assets
$2,208All other assets
$80,414Total liabilities and capital
$67,502Total liabilities
$66,067Total deposits
$66,067Interest-bearing deposits
$66,067Deposits held in domestic offices
0.00%% insured (estimated)
$900Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$535All other liabilities
$12,912Total equity capital
$12,912Total bank equity capital
$12,912Perpetual preferred stock
$0Common stock
$520Surplus
$0Undivided profits
Memoranda
$12,392Noncurrent loans and leases
$1,949Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$497Earning assets
$0Long-term assets (5+ years)
$165Average Assets, year-to-date
$72,858Average Assets, quarterly
$0Volatile liabilities
$66,946Insider loans
$81,529FHLB advances
$25,279Loans and leases held for sale
$1,433Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,949Total unused commitments
$62Restructured Loans and leases
$154Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$4,455Total interest income
$2,568Total interest expense
$1,887Net interest income
$105Provision for loan and lease losses
$230Total noninterest income
$0Fiduciary activities
$30Service charges on deposit accounts
$0Trading account gains & fees
$200Additional noninterest income
$6,350Total noninterest expense
$1,970Salaries and employee benefits
$1,498Premises and equipment expense
$2,882Additional noninterest expense
-$4,338Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$4,338Income before extraordinary items
$0Extraordinary gains - net
-$4,338Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$154Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.37%Yield on earning assets
4.25%Cost of funding earning assets
3.12%Net interest margin
0.38%Noninterest income to earning assets
10.50%Noninterest expense to earning assets
-6.48%Net operating income to assets
-6.48%Return on assets (ROA)
-6.48%Pretax return on assets
-44.34%Return on equity (ROE)
-44.34%Retained earnings to average equity (YTD only)
0.37%Net charge-offs to loans
68.18%Credit loss provision to net charge-offs
-27.49%Efficiency ratio
289,372Assets per employee
3.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.26%Loss allowance to noncurrent loans
30.99%Noncurrent assets plus other real estate owned to assets
0.62%Noncurrent loans to loans
0.85%Net loans and leases to deposits
88.02%Net loans and leases to core deposits
139.49%Equity capital to assets
16.06%Core capital (leverage) ratio
14.67%Tier 1 risk-based capital ratio
23.53%Total risk-based capital ratio
Memoranda
$24Average assets
$66,946Average earning assets
$9,784Average equity
$60,465Average loans

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