The First National Bank of Portland in city_name, state_name

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

General
FDIC Certificate #: 4371
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Merchants Bank National Association (#4365)
Federal Reserve ID: 952547
Date Established: January 01, 1904
WWW: http://www.firstmerchants.com
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
OTS Docket #: 12163
FDIC's unique #: 2876
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 01, 2007
Last Structure Change Process Date: April 25, 2007
Last Data Update: April 25, 2007
Data Source Date: April 05, 2012
Location
Address: 112 West Main Street, Portland, IN 47371
County: Jay
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
Financial Summary
Total assets: $124.9 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, 2006)

Dollar figures in thousands
30Total employees (full-time equivalent)
$126,403Total assets
$3,998Cash and due from depository institutions
$137Interest-bearing balances
$12,174Securities
$0Federal funds sold & reverse repurchase agreements
$103,947Net loans & leases
$755Loan loss allowance
$0Trading account assets
$297Bank premises and fixed assets
$29Other real estate owned
$79Goodwill and other intangibles
$3,294Life insurance assets
$5,879All other assets
$126,403Total liabilities and capital
$116,303Total liabilities
$99,952Total deposits
$89,858Interest-bearing deposits
$99,952Deposits held in domestic offices
0.00%% insured (estimated)
$5,592Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,000Other borrowed funds
$0Subordinated debt
$1,759All other liabilities
$10,100Total equity capital
$10,100Total bank equity capital
$10,100Perpetual preferred stock
$0Common stock
$200Surplus
$3,031Undivided profits
Memoranda
$6,869Noncurrent loans and leases
$18,890Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$259Earning assets
$0Long-term assets (5+ years)
$1,056Average Assets, year-to-date
$116,258Average Assets, quarterly
$22,032Volatile liabilities
$120,775Insider loans
$124,747FHLB advances
$26,289Loans and leases held for sale
$1,643Unused loan commitments
$9,000Tier 1 (core) risk-based capital
$554Tier 2 risk-based capital
$212Total risk weighted assets
$18,890Total unused commitments
$26Restructured Loans and leases
$755Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$7,919Total interest income
$3,120Total interest expense
$4,799Net interest income
$240Provision for loan and lease losses
$721Total noninterest income
$0Fiduciary activities
$294Service charges on deposit accounts
$0Trading account gains & fees
$427Additional noninterest income
$2,979Total noninterest expense
$1,382Salaries and employee benefits
$171Premises and equipment expense
$1,426Additional noninterest expense
$2,301Pre-tax net operating income
$0Securities gains (losses)
$854Applicable income taxes
$1,447Income before extraordinary items
$0Extraordinary gains - net
$1,447Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$239Sale, conversion, retirement of capital stock, net
$832Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.08%Yield on earning assets
2.79%Cost of funding earning assets
4.29%Net interest margin
0.64%Noninterest income to earning assets
2.66%Noninterest expense to earning assets
1.20%Net operating income to assets
1.20%Return on assets (ROA)
1.91%Pretax return on assets
14.90%Return on equity (ROE)
6.33%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
100.42%Credit loss provision to net charge-offs
10.63%Efficiency ratio
53,967Assets per employee
4.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
57.50%Loss allowance to loans
0.72%Loss allowance to noncurrent loans
291.51%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.25%Net loans and leases to deposits
104.00%Net loans and leases to core deposits
124.85%Equity capital to assets
7.99%Core capital (leverage) ratio
8.04%Tier 1 risk-based capital ratio
10.36%Total risk-based capital ratio
Memoranda
$11Average assets
$120,775Average earning assets
$9,712Average equity
$111,868Average loans

Total Fiduciary and Related Assets (December 31, 2002)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$20,304Managed Assets
1Number of Accounts
$11,601Personal trust and agency accounts
$9,565Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$2,036Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
49Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$8,703Other retirement accounts
$8,696Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

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

The First National Bank of Portland - Overview

Assets and Liabilities (December 31, 2006)

Income and Expense (December 31, 2006)

Performance and Condition Ratios (December 31, 2006)

Total Fiduciary and Related Assets (December 31, 2002)

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

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

The First National Bank of Portland - Overview

Assets and Liabilities (December 31, 2006)

Income and Expense (December 31, 2006)

Performance and Condition Ratios (December 31, 2006)

Total Fiduciary and Related Assets (December 31, 2002)

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

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