Bloomfield State Bank Bloomfield Indiana

Is this guy/girl watching your money

Where is the $10MM you took from the tax payer?

Bloomfield State Bank Bloomfield Indiana was founded in 1873.  The company took $10MM in tax payer bailout money which they haven’t paid back.

The bank has assets of $427MM with equity of $38MM.

The actual equity is $28MM, when the tax payer loan is backed out.

They have $10MM in bad loans.

The non accrual could severely erode the equity base.

Net income was ($3.7MM) in FY10 and ($1.2MM) in FY09.

Now how are they going to pay the $10MM back?

They don’t appear to like posting their financial condition on the website.

Do you have money in this bank?

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