The North Salem State Bank in North Salem, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The North Salem State Bank in North Salem, Indiana (IN)
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The North Salem State Bank routing number info

The North Salem State Bank - Overview

  • General
  • FDIC Certificate #: 8063
    Status: Active
    Federal Reserve ID: 947749
    Bank Holding Company (Regulatory Top Holder): North Salem State Bancorporation, The (RSSDID: 1136830, Location: North Salem, IN)
    Date Established: July 14, 1923
    WWW: http://www.nssb.cc
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 9459
    FDIC's unique #: 5130
    Numeric code: 21
    Regulator: FDIC
    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: 7 North Broadway Street, North Salem, IN 46165
    County: Hendricks
    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): Indianapolis, IN (#3480)
    Combined Statistical Area (CSA): Indianapolis-Anderson-Columbus, IN (#294)
    Core Based Statistical Area (CBSA): Indianapolis-Carmel, IN (#26900)
    CBSA Metro Statistical Area: Indianapolis-Carmel, IN (#26900)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $163.1 mil
    Equity capital: $14.1 mil
    Deposits held in domestic offices: $147.5 mil
    Return on assets (ROA): 0.70% ($1.1 mil)
    Quarterly return on assets: 0.48% ($0.8 mil)
    Return on Equity (ROE): 8.59% ($1.2 mil)
    Quarterly return on equity: 5.48% ($0.8 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.83% ($1,354.0 mil)
    Quarterly Pretax return on assets: 0.46% ($750.4 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
  • 48Total employees (full-time equivalent)
  • $163,136Total assets
  • $3,089Cash and due from depository institutions
  • $100Interest-bearing balances
  • $37,660Securities
  • $5,265Federal funds sold & reverse repurchase agreements
  • $107,428Net loans & leases
  • $1,618Loan loss allowance
  • $0Trading account assets
  • $3,850Bank premises and fixed assets
  • $87Other real estate owned
  • $109Goodwill and other intangibles
  • $163,136Life insurance assets
  • $5,648All other assets
  • $149,003Total liabilities and capital
  • $147,527Total liabilities
  • $118,875Total deposits
  • $147,527Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 303.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,173Subordinated debt
  • $14,133All other liabilities
  • $14,133Total equity capital
  • $14,133Total bank equity capital
  • $0Perpetual preferred stock
  • $120Common stock
  • $5,080Surplus
  • $8,933Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,689Income earned, not collected on loans
  • $325Earning assets
  • $1,240Long-term assets (5+ years)
  • $150,453Average Assets, year-to-date
  • $69,385Average Assets, quarterly
  • $160,333Volatile liabilities
  • $161,383Insider loans
  • $112,220FHLB advances
  • $159,669Loans and leases held for sale
  • $2,679Unused loan commitments
  • $2,157Tier 1 (core) risk-based capital
  • $13,063Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $522Total unused commitments
  • $13,068Restructured Loans and leases
  • $645Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,623Total interest income
  • $2,150Total interest expense
  • $5,473Net interest income
  • $829Provision for loan and lease losses
  • $1,268Total noninterest income
  • $28Fiduciary activities
  • $679Service charges on deposit accounts
  • $0Trading account gains & fees
  • $561Additional noninterest income
  • $4,609Total noninterest expense
  • $2,222Salaries and employee benefits
  • $347Premises and equipment expense
  • $2,040Additional noninterest expense
  • $1,303Pre-tax net operating income
  • $32Securities gains (losses)
  • $208Applicable income taxes
  • $1,127Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,127Net income attributable to bank
  • $0Net charge-offs
  • $1,127Cash dividends
  • $251Sale, conversion, retirement of capital stock, net
  • $27Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 1.48%Cost of funding earning assets
  • 3.76%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.83%Pretax return on assets
  • 8.59%Return on equity (ROE)
  • 8.39%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 330.28%Credit loss provision to net charge-offs
  • 8.49%Efficiency ratio
  • 68,373Assets per employee
  • 3.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 2.40%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 95.80%Noncurrent assets plus other real estate owned to assets
  • 1.09%Noncurrent loans to loans
  • 1.55%Net loans and leases to deposits
  • 72.82%Net loans and leases to core deposits
  • 80.48%Equity capital to assets
  • 8.66%Core capital (leverage) ratio
  • 8.18%Tier 1 risk-based capital ratio
  • 11.64%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $160,333Average earning assets
  • $13,117Average equity
  • $145,576Average 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
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $11,752Managed Assets
  • 1Number of Accounts
  • $7,450Personal trust and agency accounts
  • $7,450Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 38Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,302Other retirement accounts
  • $4,302Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Indiana Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    05130The North Salem State Bank7 North Broadway Street, North Salem, IN 46165July 14, 1923Full Service Brick and Mortar
    1217872Danville Branch704 W Main St, Danville, IN 46122September 11, 1989Full Service Brick and Mortar
    6228978Waveland Branch206 North Cross Street, Waveland, IN 47989Febuary 19, 1960Full Service Brick and Mortar
    7458041Greencastle Branch117 South Warren Drive, Greencastle, IN 46135December 28, 2006Full Service Brick and Mortar
    8521526Danville Old Farm Branch1500 E Main Street, Danville, IN 46122July 19, 2010Full Service Brick and Mortar

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