Monroe Bank in Bloomington, Indiana (IN)
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Table of contents:
| Monroe Bank | |
|---|---|
| General | FDIC Certificate #: 12847 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Old National Bank (#3832) Federal Reserve ID: 220545 Date Established: November 04, 1892 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 21 (Interstate: No) OTS Docket #: 14372 FDIC's unique #: 8133 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: January 01, 2011 Last Structure Change Process Date: January 18, 2011 Last Data Update: January 18, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 210 East Kirkwood Avenue, Bloomington, IN 47408 County: Monroe 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): Bloomington, IN (#1020) Core Based Statistical Area (CBSA): Bloomington, IN (#14020) CBSA Metro Statistical Area: Bloomington, IN (#14020) |
| Financial Summary | Total assets: $803.3 mil |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 192 |
| Total assets | $803,256 |
| Cash and due from depository institutions | $86,129 |
| Interest-bearing balances | $7,761 |
| Securities | $152,438 |
| Federal funds sold & reverse repurchase agreements | $1 |
| Net loans & leases | $493,383 |
| Loan loss allowance | $16,246 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $18,971 |
| Other real estate owned | $17,172 |
| Goodwill and other intangibles | $0 |
| All other assets | $35,162 |
| Life insurance assets | $17,206 |
| Total liabilities and capital | $803,256 |
| Total liabilities | $733,630 |
| Total deposits | $649,365 |
| Interest-bearing deposits | $509,015 |
| Deposits held in domestic offices | $649,365 |
| % insured (estimated) | 87.55% |
| Federal funds purchased & repurchase agreements | $62,529 |
| Trading liabilities | $0 |
| Other borrowed funds | $17,209 |
| Subordinated debt | $0 |
| All other liabilities | $4,527 |
| Total equity capital | $69,626 |
| Total bank equity capital | $69,626 |
| Perpetual preferred stock | $69,626 |
| Common stock | $0 |
| Surplus | $2,001 |
| Undivided profits | $44,200 |
| Memoranda | |
| Noncurrent loans and leases | $23,425 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $75,931 |
| Income earned, not collected on loans | $0 |
| Earning assets | $15,017 |
| Long-term assets (5+ years) | $149 |
| Average Assets, year-to-date | $1,901 |
| Average Assets, quarterly | $653,583 |
| Volatile liabilities | $144,830 |
| Insider loans | $818,347 |
| FHLB advances | $817,934 |
| Loans and leases held for sale | $157,710 |
| Unused loan commitments | $7,701 |
| Tier 1 (core) risk-based capital | $17,209 |
| Tier 2 risk-based capital | $3,337 |
| Total risk weighted assets | $6,305 |
| Total unused commitments | $75,931 |
| Restructured Loans and leases | $4,441 |
| Derivatives | $6,792 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $32,028 |
| Total interest expense | $7,874 |
| Net interest income | $24,154 |
| Provision for loan and lease losses | $15,000 |
| Total noninterest income | $10,805 |
| Fiduciary activities | $2,582 |
| Service charges on deposit accounts | $2,856 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $5,367 |
| Total noninterest expense | $24,016 |
| Salaries and employee benefits | $10,953 |
| Premises and equipment expense | $4,367 |
| Additional noninterest expense | $8,696 |
| Pre-tax net operating income | -$4,057 |
| Securities gains (losses) | $776 |
| Applicable income taxes | -$1,344 |
| Income before extraordinary items | -$1,937 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$1,937 |
| Net charge-offs | $0 |
| Cash dividends | -$1,937 |
| Sale, conversion, retirement of capital stock, net | $14,010 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.39% |
| Cost of funding earning assets | 1.08% |
| Net interest margin | 3.31% |
| Noninterest income to earning assets | 1.48% |
| Noninterest expense to earning assets | 3.29% |
| Net operating income to assets | -0.30% |
| Return on assets (ROA) | -0.24% |
| Pretax return on assets | -0.40% |
| Return on equity (ROE) | -2.66% |
| Retained earnings to average equity (YTD only) | -2.66% |
| Net charge-offs to loans | 2.53% |
| Credit loss provision to net charge-offs | 107.07% |
| Efficiency ratio | 0.78% |
| Assets per employee | $68,698 |
| Cash dividends to net income (YTD only) | 4.18% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.19% |
| Noncurrent assets plus other real estate owned to assets | 108.18% |
| Noncurrent loans to loans | 4.01% |
| Net loans and leases to deposits | 2.95% |
| Net loans and leases to core deposits | 75.98% |
| Equity capital to assets | 88.39% |
| Core capital (leverage) ratio | 8.67% |
| Tier 1 risk-based capital ratio | 7.94% |
| Total risk-based capital ratio | 12.44% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $818,347 |
| Average equity | $72,797 |
| Average loans | $729,639 |
| Total Fiduciary and Related Assets (December 31, 2010) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $386,872 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $346,349 |
| Employee benefit-defined contribution accounts | $152,550 |
| Employee benefit-defined benefit accounts | $34,738 |
| Other retirement accounts | $7,058 |
| Corporate trust and agency accounts | $69,571 |
| Investment management agency accounts | $3,202 |
| Other fiduciary accounts | $49,214 |
| Fiduciary accounts held in foreign offices | $26,657 |
| Non-managed Assets | $3,359 |
| Number of Accounts | 1004 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $69,571 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $40,523 |
| Corporate trust and agency accounts | $12,149 |
| Other fiduciary accounts | $15,775 |
| Fiduciary accounts held in foreign offices | $5,410 |
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