FDIC Certificate #: 22543 Status: Active Federal Reserve ID: 170640 Bank Holding Company (Regulatory Top Holder): Firstate Bancorp, Inc. (RSSDID: 3070152, Location: Mason City, IL) Date Established: November 01, 1977 WWW:http://www.1ststatebankmc.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14261 FDIC's unique #: 15721 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: November 01, 1977 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: 123 West Elm Street, Mason City, IL 62664 County: Mason Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Springfield Il Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $24.9 mil Equity capital: $3.3 mil Deposits held in domestic offices: $21.6 mil Return on assets (ROA): 1.08% ($0.3 mil) Quarterly return on assets: 0.81% ($0.2 mil) Return on Equity (ROE): 8.76% ($0.3 mil) Quarterly return on equity: 6.26% ($0.2 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.08% ($269.4 mil) Quarterly Pretax return on assets: 0.81% ($202.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
5Total employees (full-time equivalent)
$24,944Total assets
$546Cash and due from depository institutions
$252Interest-bearing balances
$9,194Securities
$1,545Federal funds sold & reverse repurchase agreements
$13,164Net loans & leases
$116Loan loss allowance
$0Trading account assets
$76Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$24,944Life insurance assets
$419All other assets
$21,622Total liabilities and capital
$21,568Total liabilities
$18,885Total deposits
$21,568Interest-bearing deposits
$98Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$54Subordinated debt
$3,322All other liabilities
$3,322Total equity capital
$3,322Total bank equity capital
$0Perpetual preferred stock
$309Common stock
$391Surplus
$2,622Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$106Income earned, not collected on loans
$0Earning assets
$200Long-term assets (5+ years)
$24,155Average Assets, year-to-date
$10,194Average Assets, quarterly
$25,910Volatile liabilities
$25,564Insider loans
$13,655FHLB advances
$25,939Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,236Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$612Restructured Loans and leases
$246Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$994Total interest income
$243Total interest expense
$751Net interest income
$48Provision for loan and lease losses
$120Total noninterest income
$0Fiduciary activities
$88Service charges on deposit accounts
$0Trading account gains & fees
$32Additional noninterest income
$544Total noninterest expense
$246Salaries and employee benefits
$68Premises and equipment expense
$230Additional noninterest expense
$279Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$279Income before extraordinary items
$0Extraordinary gains - net
$279Net income attributable to bank
$0Net charge-offs
$279Cash dividends
$15Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.99%Yield on earning assets
0.98%Cost of funding earning assets
3.01%Net interest margin
0.48%Noninterest income to earning assets
2.18%Noninterest expense to earning assets
1.08%Net operating income to assets
1.08%Return on assets (ROA)
1.08%Pretax return on assets
8.76%Return on equity (ROE)
8.76%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
320.00%Credit loss provision to net charge-offs
21.80%Efficiency ratio
62,457Assets per employee
4.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.87%Loss allowance to noncurrent loans
109.43%Noncurrent assets plus other real estate owned to assets
0.42%Noncurrent loans to loans
0.80%Net loans and leases to deposits
61.03%Net loans and leases to core deposits
61.77%Equity capital to assets
13.32%Core capital (leverage) ratio
12.48%Tier 1 risk-based capital ratio
23.70%Total risk-based capital ratio
Memoranda
$25Average assets
$25,910Average earning assets
$3,184Average equity
$24,922Average loans
List of branches
1 Illinois Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
15721
1st State Bank Of Mason City
123 West Elm Street, Mason City, IL 62664
November 01, 1977
Full Service Brick and Mortar
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