Clinton State Bank in Clinton, Indiana (IN)
Table of contents:
| Clinton State Bank | |
|---|---|
| General | FDIC Certificate #: 19323 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: The Merchants National Bank of Terre Haute (#12849) Federal Reserve ID: 122845 Date Established: December 14, 1964 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 9607 FDIC's unique #: 13135 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: December 14, 1964 Last Structure Change Effective Date: Febuary 14, 1997 Last Structure Change Process Date: May 01, 1997 Last Data Update: May 01, 1997 Data Source Date: April 05, 2012 |
| Location | Address: 407 South Main Street, Clinton, IN 47842 County: Vermillion 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): Terre Haute, IN (#8320) Core Based Statistical Area (CBSA): Terre Haute, IN (#45460) CBSA Metro Statistical Area: Terre Haute, IN (#45460) |
| Financial Summary | Total assets: $60.1 mil |
| Assets and Liabilities (December 31, 1996) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 0 |
| Total assets | $25 |
| Cash and due from depository institutions | $60,073 |
| Interest-bearing balances | $2,196 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $7,735 |
| Net loans & leases | $0 |
| Loan loss allowance | $47,860 |
| Trading account assets | $531 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $1,606 |
| Goodwill and other intangibles | $0 |
| All other assets | $0 |
| Life insurance assets | $676 |
| Total liabilities and capital | $0 |
| Total liabilities | $60,073 |
| Total deposits | $54,196 |
| Interest-bearing deposits | $52,193 |
| Deposits held in domestic offices | $45,366 |
| % insured (estimated) | 52193.00% |
| Federal funds purchased & repurchase agreements | $92 |
| Trading liabilities | $380 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,000 |
| All other liabilities | $0 |
| Total equity capital | $623 |
| Total bank equity capital | $623 |
| Perpetual preferred stock | $5,877 |
| Common stock | $0 |
| Surplus | $600 |
| Undivided profits | $1,100 |
| Memoranda | |
| Noncurrent loans and leases | $4,177 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $131 |
| Earning assets | $259 |
| Long-term assets (5+ years) | $55,595 |
| Average Assets, year-to-date | $8,848 |
| Average Assets, quarterly | $61,142 |
| Volatile liabilities | $60,783 |
| Insider loans | $6,159 |
| FHLB advances | $1,771 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $3,705 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $5,864 |
| Total unused commitments | $40,198 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
| Income and Expense (December 31, 1996) (Dollar figures in thousands) | |
| Total interest income | $0 |
| Total interest expense | $4,799 |
| Net interest income | $2,141 |
| Provision for loan and lease losses | $2,658 |
| Total noninterest income | $132 |
| Fiduciary activities | $266 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $159 |
| Additional noninterest income | $0 |
| Total noninterest expense | $107 |
| Salaries and employee benefits | $1,530 |
| Premises and equipment expense | $732 |
| Additional noninterest expense | $179 |
| Pre-tax net operating income | $619 |
| Securities gains (losses) | $1,262 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $465 |
| Extraordinary gains - net | $797 |
| Net income attributable to bank | $0 |
| Net charge-offs | $797 |
| Cash dividends | $73 |
| Sale, conversion, retirement of capital stock, net | $750 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 1996) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 0.00% |
| Cost of funding earning assets | 8.36% |
| Net interest margin | 3.73% |
| Noninterest income to earning assets | 4.63% |
| Noninterest expense to earning assets | 0.46% |
| Net operating income to assets | 2.67% |
| Return on assets (ROA) | 1.30% |
| Pretax return on assets | 1.30% |
| Return on equity (ROE) | 2.06% |
| Retained earnings to average equity (YTD only) | 13.60% |
| Net charge-offs to loans | 0.80% |
| Credit loss provision to net charge-offs | 0.15% |
| Efficiency ratio | 180.82% |
| Assets per employee | $52,326 |
| Cash dividends to net income (YTD only) | 2.40% |
| Condition Ratios (%) | |
| Loss allowance to loans | 94.10% |
| Loss allowance to noncurrent loans | 1.10% |
| Noncurrent assets plus other real estate owned to assets | 405.34% |
| Noncurrent loans to loans | 0.22% |
| Net loans and leases to deposits | 0.27% |
| Net loans and leases to core deposits | 91.70% |
| Equity capital to assets | 102.02% |
| Core capital (leverage) ratio | 9.78% |
| Tier 1 risk-based capital ratio | 9.57% |
| Total risk-based capital ratio | 14.59% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $61,142 |
| Average equity | $5,860 |
| Average loans | $57,403 |
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