Attached files
| file | filename |
|---|---|
| 8-K/A - 8-K/A - CROGHAN BANCSHARES INC | d683454d8ka.htm |
| EX-99.2 - EX-99.2 - CROGHAN BANCSHARES INC | d683454dex992.htm |
Exhibit 99.1
Indebancorp
Consolidated Balance Sheet
September 30, 2013
| September 30, 2013 (Unaudited) |
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| Assets |
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| Cash and due from bank |
$ | 3,533,000 | ||
| Interest-bearing demand deposits |
13,968,221 | |||
| Federal funds sold |
723,000 | |||
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| Cash and cash equivalents |
18,224,221 | |||
| Investment securities, available for sale |
24,232,864 | |||
| Loans held for sale |
727,000 | |||
| Loans, net of allowance for loan losses of $2,355,000 and $1,949,102 |
174,821,000 | |||
| Premises and equipment |
2,838,000 | |||
| Federal Reserve and Federal Home Loan Bank stock |
952,300 | |||
| Interest receivable |
604,000 | |||
| Insurance contracts |
5,569,723 | |||
| Foreclosed assets held for sale, net |
222,000 | |||
| Other assets |
1,540,977 | |||
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| Total assets |
$ | 229,732,085 | ||
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| Liabilities and Stockholders’ Equity |
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| Liabilities |
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| Deposits |
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| Noninterest bearing |
$ | 36,309,000 | ||
| Interest bearing |
160,506,221 | |||
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| Total deposits |
196,815,221 | |||
| FHLB advances |
8,217,000 | |||
| Interest payable |
161,000 | |||
| Other liabilities |
2,510,357 | |||
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| Total liabilities |
207,703,578 | |||
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| Stockholders’ Equity |
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| Senior noncumulative perpetual preferred stock, series A, $1,000 par |
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| Authorized, 6,800 shares |
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| Issued and outstanding, 2013 – 0 |
— | |||
| Common stock, without par value |
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| Authorized, 750,000 shares |
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| Issued and outstanding, 2013 – 519,082 shares |
1,282,220 | |||
| Retained earnings |
20,811,287 | |||
| Accumulated other comprehensive income |
(65,000 | ) | ||
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| Total stockholders’ equity |
22,028,507 | |||
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| Total liabilities and stockholders’ equity |
$ | 229,732,085 | ||
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F-1
Indebancorp
Consolidated Statement of Income
(Unaudited)
Nine Months Ended September 30, 2013
| 2013 | ||||
| Interest Income |
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| Loans receivable |
$ | 7,116,706 | ||
| Investment securities |
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| Taxable |
291,347 | |||
| Tax exempt |
75,241 | |||
| Deposits with financial institutions |
12,667 | |||
| Federal fund sold |
1,352 | |||
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| Total interest income |
7,507,313 | |||
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| Interest Expense |
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| Deposits |
1,046,842 | |||
| Borrowings |
138,831 | |||
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| Total interest expense |
1,185,673 | |||
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| Net Interest Income |
6,321,640 | |||
| Provision for Loan Losses |
475,000 | |||
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| Net Interest Income After Provision for Loan Losses |
5,846,640 | |||
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| Noninterest Income |
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| Service charges on deposit accounts |
241,120 | |||
| Net realized gains on sales of available-for-sale securities |
— | |||
| Other-than-temporary loss on available-for-sale security |
— | |||
| Income from life insurance contracts |
121,674 | |||
| Gain on sale of loans |
538,000 | |||
| Other income |
637,320 | |||
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| Total noninterest income |
1,538,114 | |||
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| Noninterest Expense |
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| Salaries and employee benefits |
3,041,307 | |||
| Net occupancy expenses |
180,690 | |||
| Equipment expenses |
360,320 | |||
| Data processing fees |
397,045 | |||
| Director and committee fees |
397,045 | |||
| Credit card and ATM expense |
136,246 | |||
| Deposit insurance premiums |
137,878 | |||
| State franchise taxes |
201,204 | |||
| Other expenses |
1,186,251 | |||
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| Total noninterest expense |
5,856,166 | |||
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| Income Before Income Taxes |
1,528,588 | |||
| Income tax expense |
374,077 | |||
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| Net Income |
$ | 1,154,511 | ||
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F-2
Indebancorp
Consolidated Statement of Comprehensive Income
(Unaudited)
Nine Months Ended September 30, 2013
| 2013 | ||||
| Net Income |
$ | 1,154,511 | ||
| Other Comprehensive Loss |
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| Unrealized depreciation on available-for-sale securities, net of taxes (benefit) of $(132,262) |
(256,745 | ) | ||
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| Comprehensive Income |
$ | 897,766 | ||
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F-3