United Southwest Bank in Washington, Indiana (IN)
Table of contents:
| United Southwest Bank | |
|---|---|
| General | FDIC Certificate #: 10099 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Old National Bank (#4393) Federal Reserve ID: 953142 Date Established: November 02, 1902 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 13925 FDIC's unique #: 6457 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 01, 1934 Last Structure Change Effective Date: November 04, 1999 Last Structure Change Process Date: December 02, 1999 Last Data Update: December 02, 1999 Data Source Date: April 05, 2012 |
| Location | Address: 204 East Main Street, Washington, IN 47501 County: Daviess 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): Washington, IN (#47780) CBSA Micro Statistical Area: Yes |
| Financial Summary | Total assets: $219.8 mil |
| Assets and Liabilities (December 31, 1998) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 73 |
| Total assets | $215,962 |
| Cash and due from depository institutions | $9,638 |
| Interest-bearing balances | $418 |
| Securities | $63,697 |
| Federal funds sold & reverse repurchase agreements | $1,475 |
| Net loans & leases | $134,307 |
| Loan loss allowance | $1,807 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,387 |
| Other real estate owned | $95 |
| Goodwill and other intangibles | $205 |
| All other assets | $3,158 |
| Life insurance assets | $0 |
| Total liabilities and capital | $215,962 |
| Total liabilities | $196,360 |
| Total deposits | $183,660 |
| Interest-bearing deposits | $164,483 |
| Deposits held in domestic offices | $183,660 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,000 |
| Subordinated debt | $0 |
| All other liabilities | $2,700 |
| Total equity capital | $19,602 |
| Total bank equity capital | $19,602 |
| Perpetual preferred stock | $19,602 |
| Common stock | $0 |
| Surplus | $2,386 |
| Undivided profits | $6,177 |
| Memoranda | |
| Noncurrent loans and leases | $11,039 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $0 |
| Earning assets | $461 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $1,411 |
| Average Assets, quarterly | $199,897 |
| Volatile liabilities | $79,521 |
| Insider loans | $210,155 |
| FHLB advances | $215,796 |
| Loans and leases held for sale | $26,943 |
| Unused loan commitments | $15,573 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $33,881 |
| Restructured Loans and leases | $0 |
| Derivatives | $148,443 |
| Income and Expense (December 31, 1998) (Dollar figures in thousands) | |
| Total interest income | $15,909 |
| Total interest expense | $7,384 |
| Net interest income | $8,525 |
| Provision for loan and lease losses | $480 |
| Total noninterest income | $3,334 |
| Fiduciary activities | $38 |
| Service charges on deposit accounts | $690 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,606 |
| Total noninterest expense | $7,553 |
| Salaries and employee benefits | $4,300 |
| Premises and equipment expense | $824 |
| Additional noninterest expense | $2,429 |
| Pre-tax net operating income | $3,826 |
| Securities gains (losses) | $3 |
| Applicable income taxes | $1,235 |
| Income before extraordinary items | $2,594 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,594 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $338 |
| Net operating income | $2,772 |
| Performance and Condition Ratios (December 31, 1998) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 8.05% |
| Cost of funding earning assets | 3.74% |
| Net interest margin | 4.31% |
| Noninterest income to earning assets | 1.69% |
| Noninterest expense to earning assets | 3.82% |
| Net operating income to assets | 1.23% |
| Return on assets (ROA) | 1.23% |
| Pretax return on assets | 1.82% |
| Return on equity (ROE) | 13.39% |
| Retained earnings to average equity (YTD only) | -0.92% |
| Net charge-offs to loans | 0.25% |
| Credit loss provision to net charge-offs | 142.01% |
| Efficiency ratio | 12.74% |
| Assets per employee | $62,897 |
| Cash dividends to net income (YTD only) | 2.96% |
| Condition Ratios (%) | |
| Loss allowance to loans | 106.86% |
| Loss allowance to noncurrent loans | 1.33% |
| Noncurrent assets plus other real estate owned to assets | 391.97% |
| Noncurrent loans to loans | 0.26% |
| Net loans and leases to deposits | 0.34% |
| Net loans and leases to core deposits | 73.13% |
| Equity capital to assets | 85.70% |
| Core capital (leverage) ratio | 9.08% |
| Tier 1 risk-based capital ratio | 8.43% |
| Total risk-based capital ratio | 12.47% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $210,155 |
| Average equity | $19,378 |
| Average loans | $197,570 |
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