FDIC Certificate #: 31813 Status: Inactive Federal Reserve ID: 587574 Date Established: January 01, 1883 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 7496 FDIC's unique #: 44647 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: May 20, 1976 Last Structure Change Effective Date: June 04, 2010 Last Structure Change Process Date: June 07, 2010 Last Data Update: June 07, 2010 Data Source Date: April 05, 2012
Location
Address: 110 North Oak Street, Arcola, IL 61910 County: Douglas 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
History of Changes
Financial Difficulty - Payoff
Financial Summary
Total assets: $17.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
6Total employees (full-time equivalent)
$17,943Total assets
$341Cash and due from depository institutions
$18Interest-bearing balances
$323Securities
$3,356Federal funds sold & reverse repurchase agreements
$12,786Net loans & leases
$1,171Loan loss allowance
$0Trading account assets
$674Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$463All other assets
$17,943Total liabilities and capital
$18,458Total liabilities
$18,388Total deposits
$18,124Interest-bearing deposits
$18,388Deposits held in domestic offices
95.93%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$70All other liabilities
$-515Total equity capital
$-515Total bank equity capital
$-515Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,480Undivided profits
Memoranda
$-2,995Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$731Earning assets
$0Long-term assets (5+ years)
$71Average Assets, year-to-date
$16,483Average Assets, quarterly
$6,289Volatile liabilities
$17,464Insider loans
$18,513FHLB advances
$4,217Loans and leases held for sale
$8Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,653Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$1,150Total interest income
$501Total interest expense
$649Net interest income
$2,853Provision for loan and lease losses
$17Total noninterest income
$0Fiduciary activities
$6Service charges on deposit accounts
$0Trading account gains & fees
$11Additional noninterest income
$557Total noninterest expense
$251Salaries and employee benefits
$44Premises and equipment expense
$262Additional noninterest expense
-$2,744Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$2,744Income before extraordinary items
$0Extraordinary gains - net
-$2,744Net income attributable to bank
$0Net charge-offs
-$2,744Cash dividends
$1,805Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.07%Yield on earning assets
3.08%Cost of funding earning assets
3.99%Net interest margin
0.10%Noninterest income to earning assets
3.42%Noninterest expense to earning assets
-15.71%Net operating income to assets
-15.71%Return on assets (ROA)
-15.71%Pretax return on assets
-160.71%Return on equity (ROE)
-160.71%Retained earnings to average equity (YTD only)
12.17%Net charge-offs to loans
158.06%Credit loss provision to net charge-offs
0.06%Efficiency ratio
83,634Assets per employee
2.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
8.39%Loss allowance to noncurrent loans
160.19%Noncurrent assets plus other real estate owned to assets
4.07%Noncurrent loans to loans
5.24%Net loans and leases to deposits
69.53%Net loans and leases to core deposits
90.23%Equity capital to assets
-2.87%Core capital (leverage) ratio
-2.48%Tier 1 risk-based capital ratio
-3.61%Total risk-based capital ratio
Memoranda
-$4Average assets
$17,464Average earning assets
$1,707Average equity
$16,271Average loans
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