1st Community Bank in Sherrard, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • 1st Community Bank in Sherrard, Illinois (IL)
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1st Community Bank routing number info

1st Community Bank - Overview

  • General
  • FDIC Certificate #: 11706
    Status: Active
    Federal Reserve ID: 338945
    Bank Holding Company (Regulatory Top Holder): Illinois Holding Co. (RSSDID: 1204083, Location: Moline, IL)
    Date Established: January 01, 1910
    WWW: http://www.1stcommunitybanks.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 12404
    FDIC's unique #: 7485
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 407 Third Street, Sherrard, IL 61281
    County: Mercer
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340)
    CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $61.2 mil
    Equity capital: $5.3 mil
    Deposits held in domestic offices: $55.7 mil
    Return on assets (ROA): 0.92% ($0.6 mil)
    Quarterly return on assets: 0.69% ($0.4 mil)
    Return on Equity (ROE): 10.20% ($0.5 mil)
    Quarterly return on equity: 7.93% ($0.4 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.92% ($562.9 mil)
    Quarterly Pretax return on assets: 0.69% ($422.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $61,188Total assets
  • $3,858Cash and due from depository institutions
  • $79Interest-bearing balances
  • $13,178Securities
  • $6,540Federal funds sold & reverse repurchase agreements
  • $35,700Net loans & leases
  • $400Loan loss allowance
  • $0Trading account assets
  • $909Bank premises and fixed assets
  • $61Other real estate owned
  • $0Goodwill and other intangibles
  • $61,188Life insurance assets
  • $942All other assets
  • $55,899Total liabilities and capital
  • $55,660Total liabilities
  • $49,641Total deposits
  • $55,660Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $239Subordinated debt
  • $5,289All other liabilities
  • $5,289Total equity capital
  • $5,289Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $1,320Surplus
  • $3,769Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $709Income earned, not collected on loans
  • $0Earning assets
  • $522Long-term assets (5+ years)
  • $55,497Average Assets, year-to-date
  • $7,255Average Assets, quarterly
  • $58,074Volatile liabilities
  • $60,442Insider loans
  • $43,926FHLB advances
  • $61,430Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,160Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,981Restructured Loans and leases
  • $638Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,671Total interest income
  • $749Total interest expense
  • $1,922Net interest income
  • $60Provision for loan and lease losses
  • $103Total noninterest income
  • $0Fiduciary activities
  • $81Service charges on deposit accounts
  • $0Trading account gains & fees
  • $22Additional noninterest income
  • $1,429Total noninterest expense
  • $805Salaries and employee benefits
  • $207Premises and equipment expense
  • $417Additional noninterest expense
  • $536Pre-tax net operating income
  • $0Securities gains (losses)
  • $4Applicable income taxes
  • $532Income before extraordinary items
  • $0Extraordinary gains - net
  • $532Net income attributable to bank
  • $0Net charge-offs
  • $532Cash dividends
  • -$2Sale, conversion, retirement of capital stock, net
  • $250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.01%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 3.61%Net interest margin
  • 0.19%Noninterest income to earning assets
  • 2.68%Noninterest expense to earning assets
  • 0.92%Net operating income to assets
  • 0.92%Return on assets (ROA)
  • 0.92%Pretax return on assets
  • 10.20%Return on equity (ROE)
  • 5.41%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -3000.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 70,568Assets per employee
  • 3.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.99%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 56.42%Noncurrent assets plus other real estate owned to assets
  • 1.26%Noncurrent loans to loans
  • 1.96%Net loans and leases to deposits
  • 64.14%Net loans and leases to core deposits
  • 73.97%Equity capital to assets
  • 8.64%Core capital (leverage) ratio
  • 8.40%Tier 1 risk-based capital ratio
  • 11.75%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $58,074Average earning assets
  • $5,217Average equity
  • $53,286Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    074851st Community Bank407 Third Street, Sherrard, IL 61281January 01, 1910Full Service Brick and Mortar
    2225473Aledo FacilityEast Route 17 And Highways 94 And 17, Aledo, IL 61231March 10, 1988Full Service Brick and Mortar

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