AMCORE Bank, Gridley in Gridley, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 02, 1996

AMCORE Bank, Gridley in Gridley, Illinois (IL)
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AMCORE Bank, Gridley - Overview

General
FDIC Certificate #: 10817
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Amcore Bank, National Association, North Central (#3706)
Federal Reserve ID: 999533
Date Established: December 29, 1891
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 6920
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: August 02, 1996
Last Structure Change Process Date: August 23, 1996
Last Data Update: August 23, 1996
Data Source Date: April 05, 2012
Location
Address: Main Street, Gridley, IL 61744
County: Mclean
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Champaign
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Bloomington-Normal, IL (#1040)
Core Based Statistical Area (CBSA): Bloomington-Normal, IL (#14060)
CBSA Metro Statistical Area: Bloomington-Normal, IL (#14060)
Financial Summary
Total assets: $18.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$10Total assets
$19,149Cash and due from depository institutions
$1,213Interest-bearing balances
$0Securities
$7,851Federal funds sold & reverse repurchase agreements
$400Net loans & leases
$9,202Loan loss allowance
$139Trading account assets
$0Bank premises and fixed assets
$131Other real estate owned
$0Goodwill and other intangibles
$352Life insurance assets
$0All other assets
$0Total liabilities and capital
$19,149Total liabilities
$17,820Total deposits
$17,385Interest-bearing deposits
$14,835Deposits held in domestic offices
17385.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$185Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$250Total equity capital
$250Total bank equity capital
$1,329Perpetual preferred stock
$0Common stock
$200Surplus
$800Undivided profits
Memoranda
$329Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$50Income earned, not collected on loans
$228Earning assets
$17,453Long-term assets (5+ years)
$6,706Average Assets, year-to-date
$18,722Average Assets, quarterly
$19,177Volatile liabilities
$2,273Insider loans
$173FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,264Total risk weighted assets
$10,125Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$1,405Total interest expense
$662Net interest income
$743Provision for loan and lease losses
$25Total noninterest income
$102Fiduciary activities
$0Service charges on deposit accounts
$83Trading account gains & fees
$0Additional noninterest income
$19Total noninterest expense
$540Salaries and employee benefits
$267Premises and equipment expense
$54Additional noninterest expense
$219Pre-tax net operating income
$280Securities gains (losses)
$0Applicable income taxes
$88Income before extraordinary items
$192Extraordinary gains - net
$0Net income attributable to bank
$192Net charge-offs
-$4Cash dividends
$102Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.15%Cost of funding earning assets
3.84%Net interest margin
4.31%Noninterest income to earning assets
0.59%Noninterest expense to earning assets
3.13%Net operating income to assets
1.03%Return on assets (ROA)
1.03%Pretax return on assets
1.50%Return on equity (ROE)
15.77%Retained earnings to average equity (YTD only)
7.39%Net charge-offs to loans
-0.05%Credit loss provision to net charge-offs
-625.00%Efficiency ratio
63,905Assets per employee
1.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.13%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
278.00%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.54%Net loans and leases to deposits
52.93%Net loans and leases to core deposits
60.16%Equity capital to assets
6.94%Core capital (leverage) ratio
6.66%Tier 1 risk-based capital ratio
12.48%Total risk-based capital ratio
Memoranda
$14Average assets
$18,722Average earning assets
$1,218Average equity
$17,232Average loans

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