Amcore Bank, National Association in Rockford, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 23, 2010

  • Amcore Bank, National Association in Rockford, Illinois (IL)
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Amcore Bank, National Association - Overview

  • General
  • FDIC Certificate #: 3735
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: BMO Harris Bank National Association (#16571)
    Federal Reserve ID: 938840
    Date Established: September 17, 1931
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 56 (Interstate: No)
    OTS Docket #: 11872
    FDIC's unique #: 2400
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 23, 2010
    Last Structure Change Process Date: April 26, 2010
    Last Data Update: April 26, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 Seventh Street, Rockford, IL 61104
    County: Winnebago
    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
    Metropolitan Statistical Area (MSA): Rockford, IL (#6880)
    Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
    Core Based Statistical Area (CBSA): Rockford, IL (#40420)
    CBSA Metro Statistical Area: Rockford, IL (#40420)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $3,066.2 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, 2009)

  • Dollar figures in thousands
  • 938Total employees (full-time equivalent)
  • $3,769,177Total assets
  • $465,285Cash and due from depository institutions
  • $411,959Interest-bearing balances
  • $456,658Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,502,733Net loans & leases
  • $145,022Loan loss allowance
  • $0Trading account assets
  • $77,989Bank premises and fixed assets
  • $30,629Other real estate owned
  • $99Goodwill and other intangibles
  • $135,870Life insurance assets
  • $235,784All other assets
  • $3,769,177Total liabilities and capital
  • $3,671,876Total liabilities
  • $3,421,194Total deposits
  • $3,125,591Interest-bearing deposits
  • $3,421,194Deposits held in domestic offices
  • 92.07%% insured (estimated)
  • $31,085Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $132,509Other borrowed funds
  • $50,000Subordinated debt
  • $37,088All other liabilities
  • $97,301Total equity capital
  • $97,301Total bank equity capital
  • $97,246Perpetual preferred stock
  • $0Common stock
  • $3,002Surplus
  • $162,804Undivided profits
  • Memoranda
  • $-68,560Noncurrent loans and leases
  • $355,903Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $55Income earned, not collected on loans
  • $345,578Earning assets
  • $3,105Long-term assets (5+ years)
  • $10,239Average Assets, year-to-date
  • $3,371,350Average Assets, quarterly
  • $431,485Volatile liabilities
  • $4,664,834Insider loans
  • $4,064,050FHLB advances
  • $511,451Loans and leases held for sale
  • $5,348Unused loan commitments
  • $126,989Tier 1 (core) risk-based capital
  • $27,358Tier 2 risk-based capital
  • $495,198Total risk weighted assets
  • $355,903Total unused commitments
  • $11,708Restructured Loans and leases
  • $85,559Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $189,725Total interest income
  • $110,226Total interest expense
  • $79,499Net interest income
  • $190,157Provision for loan and lease losses
  • $56,724Total noninterest income
  • $13,310Fiduciary activities
  • $27,316Service charges on deposit accounts
  • $4Trading account gains & fees
  • $16,094Additional noninterest income
  • $157,795Total noninterest expense
  • $66,228Salaries and employee benefits
  • $20,217Premises and equipment expense
  • $71,350Additional noninterest expense
  • -$211,729Pre-tax net operating income
  • $23,389Securities gains (losses)
  • $24,813Applicable income taxes
  • -$213,153Income before extraordinary items
  • $0Extraordinary gains - net
  • -$213,153Net income attributable to bank
  • $0Net charge-offs
  • -$213,153Cash dividends
  • $181,547Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.51%Yield on earning assets
  • 2.62%Cost of funding earning assets
  • 1.89%Net interest margin
  • 1.35%Noninterest income to earning assets
  • 3.75%Noninterest expense to earning assets
  • -5.07%Net operating income to assets
  • -4.57%Return on assets (ROA)
  • -4.04%Pretax return on assets
  • -96.52%Return on equity (ROE)
  • -96.52%Retained earnings to average equity (YTD only)
  • 5.49%Net charge-offs to loans
  • 104.74%Credit loss provision to net charge-offs
  • -0.12%Efficiency ratio
  • 115,836Assets per employee
  • 4.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.48%Loss allowance to noncurrent loans
  • 41.97%Noncurrent assets plus other real estate owned to assets
  • 9.98%Noncurrent loans to loans
  • 13.05%Net loans and leases to deposits
  • 73.15%Net loans and leases to core deposits
  • 84.96%Equity capital to assets
  • 2.58%Core capital (leverage) ratio
  • 2.61%Tier 1 risk-based capital ratio
  • 3.94%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $4,664,834Average earning assets
  • $220,847Average equity
  • $4,205,132Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,646,273Managed Assets
  • 1Number of Accounts
  • $1,068,973Personal trust and agency accounts
  • $584,581Employee benefit-defined contribution accounts
  • $40,675Employee benefit-defined benefit accounts
  • $28,339Other retirement accounts
  • $108,303Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $281,326Other fiduciary accounts
  • $8,390Fiduciary accounts held in foreign offices
  • $17,359Non-managed Assets
  • 2218Number of Accounts
  • $0Personal trust and agency accounts
  • $108,303Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $577,300Other retirement accounts
  • $44,129Corporate trust and agency accounts
  • $407,291Other fiduciary accounts
  • $72,414Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2006)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $55,269Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

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