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

This bank is inactive as of April 01, 1994

The Otwell State Bank in Otwell, Indiana (IN)
Show street view No street view available for this location

The Otwell State Bank - Overview

General
FDIC Certificate #: 8041
Status: Inactive
Closing history: Corrections
Acquiring institution: Community Trust Bank (#4420)
Federal Reserve ID: 737342
Date Established: March 04, 1924
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 5118
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 01, 1994
Last Structure Change Process Date: May 03, 1994
Last Data Update: May 03, 1994
Data Source Date: April 05, 2012
Location
Address: Highway 257, Otwell, IN 47564
County: Pike
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): Jasper, IN (#27540)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Participated in Reorganization
Corrections
Financial Summary
Total assets: $16.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$15,766Cash and due from depository institutions
$2,400Interest-bearing balances
$2,096Securities
$2,899Federal funds sold & reverse repurchase agreements
$1,100Net loans & leases
$8,971Loan loss allowance
$232Trading account assets
$0Bank premises and fixed assets
$110Other real estate owned
$7Goodwill and other intangibles
$279Life insurance assets
$0All other assets
$0Total liabilities and capital
$15,766Total liabilities
$13,697Total deposits
$13,626Interest-bearing deposits
$12,224Deposits held in domestic offices
13626.00%% insured (estimated)
$83Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$71Total equity capital
$71Total bank equity capital
$2,069Perpetual preferred stock
$0Common stock
$200Surplus
$900Undivided profits
Memoranda
$969Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$13Income earned, not collected on loans
$139Earning assets
$15,066Long-term assets (5+ years)
$603Average Assets, year-to-date
$15,695Average Assets, quarterly
$15,874Volatile liabilities
$1,266Insider loans
$371FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$742Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,069Total risk weighted assets
$9,582Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,123Total interest expense
$472Net interest income
$651Provision for loan and lease losses
$80Total noninterest income
$41Fiduciary activities
$0Service charges on deposit accounts
$30Trading account gains & fees
$0Additional noninterest income
$11Total noninterest expense
$459Salaries and employee benefits
$232Premises and equipment expense
$49Additional noninterest expense
$178Pre-tax net operating income
$153Securities gains (losses)
$0Applicable income taxes
$87Income before extraordinary items
$66Extraordinary gains - net
$0Net income attributable to bank
$66Net charge-offs
-$1Cash dividends
$24Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.50%Cost of funding earning assets
3.15%Net interest margin
4.35%Noninterest income to earning assets
0.27%Noninterest expense to earning assets
3.07%Net operating income to assets
0.42%Return on assets (ROA)
0.42%Pretax return on assets
0.97%Return on equity (ROE)
3.20%Retained earnings to average equity (YTD only)
2.04%Net charge-offs to loans
-0.01%Credit loss provision to net charge-offs
-8000.00%Efficiency ratio
66,329Assets per employee
1.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.36%Loss allowance to loans
2.52%Loss allowance to noncurrent loans
1784.62%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.14%Net loans and leases to deposits
65.84%Net loans and leases to core deposits
72.58%Equity capital to assets
13.12%Core capital (leverage) ratio
12.19%Tier 1 risk-based capital ratio
21.59%Total risk-based capital ratio
Memoranda
$23Average assets
$15,695Average earning assets
$2,062Average equity
$14,969Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Otwell State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.