Security Bank & Trust Co. in Vincennes, Indiana (IN)
Table of contents:
| Security Bank & Trust Co. | |
|---|---|
| General | FDIC Certificate #: 15571 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Old National Bank (#4393) Federal Reserve ID: 801346 Date Established: January 03, 1938 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 13542 FDIC's unique #: 9861 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 03, 1938 Last Structure Change Effective Date: October 07, 1999 Last Structure Change Process Date: November 03, 1999 Last Data Update: November 03, 1999 Data Source Date: April 05, 2012 |
| Location | Address: 20 North Third Street, Vincennes, IN 47591 County: Knox 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): Vincennes, IN (#47180) CBSA Micro Statistical Area: Yes |
| Financial Summary | Total assets: $175.0 mil |
| Assets and Liabilities (December 31, 1998) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 65 |
| Total assets | $181,032 |
| Cash and due from depository institutions | $5,194 |
| Interest-bearing balances | $770 |
| Securities | $64,014 |
| Federal funds sold & reverse repurchase agreements | $1,075 |
| Net loans & leases | $104,886 |
| Loan loss allowance | $1,654 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,621 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,242 |
| Life insurance assets | $0 |
| Total liabilities and capital | $181,032 |
| Total liabilities | $165,209 |
| Total deposits | $144,935 |
| Interest-bearing deposits | $131,720 |
| Deposits held in domestic offices | $144,935 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $2,073 |
| Trading liabilities | $0 |
| Other borrowed funds | $16,000 |
| Subordinated debt | $0 |
| All other liabilities | $2,201 |
| Total equity capital | $15,823 |
| Total bank equity capital | $15,823 |
| Perpetual preferred stock | $15,823 |
| Common stock | $0 |
| Surplus | $1,400 |
| Undivided profits | $4,800 |
| Memoranda | |
| Noncurrent loans and leases | $9,623 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $0 |
| Earning assets | $138 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $1,065 |
| Average Assets, quarterly | $170,745 |
| Volatile liabilities | $79,535 |
| Insider loans | $178,002 |
| FHLB advances | $179,614 |
| Loans and leases held for sale | $18,955 |
| Unused loan commitments | $804 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $20,094 |
| Restructured Loans and leases | $0 |
| Derivatives | $112,215 |
| Income and Expense (December 31, 1998) (Dollar figures in thousands) | |
| Total interest income | $13,234 |
| Total interest expense | $6,465 |
| Net interest income | $6,769 |
| Provision for loan and lease losses | -$345 |
| Total noninterest income | $1,007 |
| Fiduciary activities | $224 |
| Service charges on deposit accounts | $519 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $264 |
| Total noninterest expense | $4,332 |
| Salaries and employee benefits | $2,237 |
| Premises and equipment expense | $491 |
| Additional noninterest expense | $1,604 |
| Pre-tax net operating income | $3,789 |
| Securities gains (losses) | $6 |
| Applicable income taxes | $1,264 |
| Income before extraordinary items | $2,531 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,531 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | -$422 |
| Net operating income | $3,180 |
| Performance and Condition Ratios (December 31, 1998) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 7.85% |
| Cost of funding earning assets | 3.83% |
| Net interest margin | 4.01% |
| Noninterest income to earning assets | 0.60% |
| Noninterest expense to earning assets | 2.57% |
| Net operating income to assets | 1.42% |
| Return on assets (ROA) | 1.42% |
| Pretax return on assets | 2.13% |
| Return on equity (ROE) | 15.97% |
| Retained earnings to average equity (YTD only) | -4.09% |
| Net charge-offs to loans | -0.40% |
| Credit loss provision to net charge-offs | 81.75% |
| Efficiency ratio | 0.00% |
| Assets per employee | $55,710 |
| Cash dividends to net income (YTD only) | 2.79% |
| Condition Ratios (%) | |
| Loss allowance to loans | 125.64% |
| Loss allowance to noncurrent loans | 1.55% |
| Noncurrent assets plus other real estate owned to assets | 1198.55% |
| Noncurrent loans to loans | 0.08% |
| Net loans and leases to deposits | 0.13% |
| Net loans and leases to core deposits | 72.37% |
| Equity capital to assets | 81.91% |
| Core capital (leverage) ratio | 8.74% |
| Tier 1 risk-based capital ratio | 8.17% |
| Total risk-based capital ratio | 13.41% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $178,002 |
| Average equity | $15,852 |
| Average loans | $168,676 |
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