FDIC Certificate #: 32614 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sky Bank (#5982) Federal Reserve ID: 1356713 Date Established: September 23, 1988 WWW:http://www.unionfedbank.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8529 FDIC's unique #: 45448 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: September 23, 1988 Last Structure Change Effective Date: November 03, 2006 Last Structure Change Process Date: November 13, 2006 Last Data Update: November 13, 2006 Data Source Date: April 05, 2012
Location
Address: 45 North Pennsylvania Street, Indianapolis, IN 46204 County: Marion 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)
Financial Summary
Total assets: $2,462.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
1,671Total employees (full-time equivalent)
$3,323,181Total assets
$126,411Cash and due from depository institutions
$0Interest-bearing balances
$545,458Securities
$0Federal funds sold & reverse repurchase agreements
$2,179,890Net loans & leases
$35,551Loan loss allowance
$0Trading account assets
$28,101Bank premises and fixed assets
$9,419Other real estate owned
$144,072Goodwill and other intangibles
$0Life insurance assets
$289,830All other assets
$3,323,181Total liabilities and capital
$3,093,701Total liabilities
$2,395,948Total deposits
$1,725,760Interest-bearing deposits
$2,395,948Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$664,079Other borrowed funds
$0Subordinated debt
$33,674All other liabilities
$229,480Total equity capital
$229,480Total bank equity capital
$229,480Perpetual preferred stock
$0Common stock
$1Surplus
$98,446Undivided profits
Memoranda
$131,033Noncurrent loans and leases
$1,182,581Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$89,964Earning assets
$51,996Long-term assets (5+ years)
$13,423Average Assets, year-to-date
$2,725,348Average Assets, quarterly
$0Volatile liabilities
$3,469,749Insider loans
$3,406,750FHLB advances
$2,185,442Loans and leases held for sale
$2,749Unused loan commitments
$588,760Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,182,581Total unused commitments
$17,942Restructured Loans and leases
$27,497Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$163,929Total interest income
$74,237Total interest expense
$89,692Net interest income
$4,502Provision for loan and lease losses
$64,498Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$64,498Additional noninterest income
$215,312Total noninterest expense
$130,151Salaries and employee benefits
$24,744Premises and equipment expense
$60,417Additional noninterest expense
-$65,624Pre-tax net operating income
$45,744Securities gains (losses)
$0Applicable income taxes
-$19,880Income before extraordinary items
$0Extraordinary gains - net
-$19,880Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$7,207Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.78%Yield on earning assets
2.62%Cost of funding earning assets
3.16%Net interest margin
2.27%Noninterest income to earning assets
7.59%Noninterest expense to earning assets
-1.89%Net operating income to assets
-0.57%Return on assets (ROA)
-0.57%Pretax return on assets
-8.03%Return on equity (ROE)
-8.03%Retained earnings to average equity (YTD only)
0.33%Net charge-offs to loans
62.47%Credit loss provision to net charge-offs
-8.48%Efficiency ratio
139,641Assets per employee
1.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
39.52%Noncurrent assets plus other real estate owned to assets
2.99%Noncurrent loans to loans
4.06%Net loans and leases to deposits
90.98%Net loans and leases to core deposits
249.25%Equity capital to assets
6.91%Core capital (leverage) ratio
6.72%Tier 1 risk-based capital ratio
10.17%Total risk-based capital ratio
Memoranda
$11Average assets
$3,469,749Average earning assets
$247,678Average equity
$2,836,269Average loans
Total Fiduciary and Related Assets (December 31, 2005)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Union Federal Bank of Indianapolis.
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.
Comment about this bank, ask questions, or add new information about it: