Bank of Western Indiana in Covington, Indiana (IN)
Table of contents:
| Bank of Western Indiana | |
|---|---|
| General | FDIC Certificate #: 22335 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Bank of Western Indiana (#12838) Federal Reserve ID: 82042 Date Established: September 27, 1976 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 9256 FDIC's unique #: 15544 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: September 27, 1976 Last Structure Change Effective Date: December 31, 1994 Last Structure Change Process Date: January 10, 1995 Last Data Update: April 11, 1998 Data Source Date: April 05, 2012 |
| Location | Address: 401 Washington Street, Covington, IN 47932 County: Fountain 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: $75.2 mil |
| Assets and Liabilities (December 31, 1993) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 0 |
| Total assets | $34 |
| Cash and due from depository institutions | $75,188 |
| Interest-bearing balances | $2,295 |
| Securities | $397 |
| Federal funds sold & reverse repurchase agreements | $21,642 |
| Net loans & leases | $0 |
| Loan loss allowance | $49,447 |
| Trading account assets | $1,128 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $747 |
| Goodwill and other intangibles | $42 |
| All other assets | $0 |
| Life insurance assets | $1,015 |
| Total liabilities and capital | $0 |
| Total liabilities | $75,188 |
| Total deposits | $66,026 |
| Interest-bearing deposits | $65,139 |
| Deposits held in domestic offices | $59,318 |
| % insured (estimated) | 65139.00% |
| Federal funds purchased & repurchase agreements | $92 |
| Trading liabilities | $500 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $0 |
| Total equity capital | $387 |
| Total bank equity capital | $387 |
| Perpetual preferred stock | $9,162 |
| Common stock | $0 |
| Surplus | $1,050 |
| Undivided profits | $1,335 |
| Memoranda | |
| Noncurrent loans and leases | $6,777 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $311 |
| Earning assets | $651 |
| Long-term assets (5+ years) | $71,486 |
| Average Assets, year-to-date | $19,204 |
| Average Assets, quarterly | $74,067 |
| Volatile liabilities | $74,353 |
| Insider loans | $3,059 |
| FHLB advances | $2,405 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $6,331 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $9,162 |
| Total unused commitments | $54,960 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
| Income and Expense (December 31, 1993) (Dollar figures in thousands) | |
| Total interest income | $0 |
| Total interest expense | $5,928 |
| Net interest income | $2,240 |
| Provision for loan and lease losses | $3,688 |
| Total noninterest income | $180 |
| Fiduciary activities | $367 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $139 |
| Additional noninterest income | $0 |
| Total noninterest expense | $228 |
| Salaries and employee benefits | $1,723 |
| Premises and equipment expense | $943 |
| Additional noninterest expense | $85 |
| Pre-tax net operating income | $695 |
| Securities gains (losses) | $2,152 |
| Applicable income taxes | $36 |
| Income before extraordinary items | $822 |
| Extraordinary gains - net | $1,366 |
| Net income attributable to bank | $0 |
| Net charge-offs | $1,366 |
| Cash dividends | $112 |
| Sale, conversion, retirement of capital stock, net | $322 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 1993) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 0.00% |
| Cost of funding earning assets | 8.49% |
| Net interest margin | 3.21% |
| Noninterest income to earning assets | 5.28% |
| Noninterest expense to earning assets | 0.53% |
| Net operating income to assets | 2.47% |
| Return on assets (ROA) | 1.81% |
| Pretax return on assets | 1.84% |
| Return on equity (ROE) | 2.95% |
| Retained earnings to average equity (YTD only) | 15.86% |
| Net charge-offs to loans | 12.13% |
| Credit loss provision to net charge-offs | 0.23% |
| Efficiency ratio | 160.71% |
| Assets per employee | $42,491 |
| Cash dividends to net income (YTD only) | 2.21% |
| Condition Ratios (%) | |
| Loss allowance to loans | 23.57% |
| Loss allowance to noncurrent loans | 2.23% |
| Noncurrent assets plus other real estate owned to assets | 362.70% |
| Noncurrent loans to loans | 0.47% |
| Net loans and leases to deposits | 0.61% |
| Net loans and leases to core deposits | 75.91% |
| Equity capital to assets | 79.01% |
| Core capital (leverage) ratio | 12.19% |
| Tier 1 risk-based capital ratio | 11.97% |
| Total risk-based capital ratio | 16.67% |
| Memoranda | |
| Average assets | $18 |
| Average earning assets | $74,067 |
| Average equity | $8,610 |
| Average loans | $69,796 |
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