Elkhart Community Bank
Elkhart, IN — Domestic Branch of a Domestic Bank
Acquired Mar 2010
Vitals
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Total Assets94.2M -5.8 %
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Total Deposits86.9M -2.9 %
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Total Net Loans69.1M -20.1 %
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Net Income
-
Book Value5.9M -32.0 %
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Book Value x211.7M -32.0 %
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Book Value x317.6M -32.0 %
Balance Sheet Highlights
| Financial Highlights | Elkhart Community Bank | All Insured Commercial Banks in Indiana |
| Balance Sheet $(000) | ||
| Total Assets | 94,167 | 361,182 |
| Total Net Loans | 69,119 | 249,894 |
| Total Deposits | 86,860 | 287,056 |
| Total Equity | 5,861 | 33,947 |
| Profitability | ||
| Net Income | — | 3,038 |
| Return on Average Assets | — | .725 |
| Return on Average Equity | — | 6.972 |
| Net Interest Margin | 2.451 | 3.827 |
| Efficiency Ratio | 108.676 | 71.364 |
| Noninterest Income/Revenue | 18.014 | |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 79.575 | 81.958 |
| Securities/Assets | .396 | |
| Total Equity/Total Assets | .062 | .094 |
| Tangible Equity/Tangible Assets | .049 | .031 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 4,633 | 32,535 |
| Tier 2 Capital | 853 | 3,221 |
| Total Capital | 5,486 | 35,880 |
| Total Risk Weighted Assets | 66,738 | 271,640 |
| Leverage Ratio | 5.03 | 9.658 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 6.94 | 13.869 |
| Total Capital Ratio | 8.22 | 15.053 |
Timeline for Elkhart Community Bank
Indiana Community Bank
Elkhart Community Bank was acquired by Indiana Community Bank 14 years
View Profile Mar 22 2010
Capitol Bancorp Ltd.
Capitol Bancorp Ltd. became a new parent organization for Elkhart Community Bank.
View Profile Jan 01 2003
Elkhart Community Bank
Elkhart Community Bank was established 24 years ago and is currently headquartered in Elkhart, IN.
Sep 09 1999
Indiana Community Bancorp Limited
Indiana Community Bancorp Limited became a new parent organization for Elkhart Community Bank.
View Profile Sep 09 1999| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Indiana Community Bank | Buyer | 86,391 | Pooling of Interests | Discontinued | 3/22/2010 |
| Relationships | Role | Relationship Start | Relationship End |
| Capitol Bancorp Ltd. | Parent | 7/31/2003 | 3/21/2010 |
| Capitol Bancorp Ltd. | Parent | 1/1/2003 | 7/30/2003 |
| Indiana Community Bancorp Limited | Parent | 9/9/1999 | 12/31/2002 |
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