Banterra Bank of West Frankfort in West Frankfort, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 11, 1998

Banterra Bank of West Frankfort in West Frankfort, Illinois (IL)
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Banterra Bank of West Frankfort - Overview

General
FDIC Certificate #: 15781
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Banterra Bank (#17514)
Federal Reserve ID: 269946
Date Established: December 09, 1940
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 10028
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: December 09, 1940
Last Structure Change Effective Date: September 11, 1998
Last Structure Change Process Date: September 24, 1998
Last Data Update: September 24, 1998
Data Source Date: April 05, 2012
Location
Address: 110 East Oak Street, West Frankfort, IL 62896
County: Franklin
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Mount Vernon
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $104.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
36Total employees (full-time equivalent)
$104,287Total assets
$2,723Cash and due from depository institutions
$0Interest-bearing balances
$49,604Securities
$1,000Federal funds sold & reverse repurchase agreements
$48,517Net loans & leases
$1,708Loan loss allowance
$0Trading account assets
$885Bank premises and fixed assets
$4Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,554All other assets
$104,287Total liabilities and capital
$93,246Total liabilities
$92,409Total deposits
$85,201Interest-bearing deposits
$92,409Deposits held in domestic offices
0.00%% insured (estimated)
$460Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$377All other liabilities
$11,041Total equity capital
$11,041Total bank equity capital
$11,041Perpetual preferred stock
$0Common stock
$600Surplus
$3,150Undivided profits
Memoranda
$7,291Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,179Earning assets
$0Long-term assets (5+ years)
$507Average Assets, year-to-date
$99,121Average Assets, quarterly
$19,579Volatile liabilities
$101,498Insider loans
$102,803FHLB advances
$5,405Loans and leases held for sale
$989Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,495Total unused commitments
$0Restructured Loans and leases
$56,879Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$7,345Total interest income
$3,562Total interest expense
$3,783Net interest income
$95Provision for loan and lease losses
$487Total noninterest income
$0Fiduciary activities
$240Service charges on deposit accounts
$0Trading account gains & fees
$247Additional noninterest income
$2,164Total noninterest expense
$1,131Salaries and employee benefits
$244Premises and equipment expense
$789Additional noninterest expense
$2,011Pre-tax net operating income
-$20Securities gains (losses)
$631Applicable income taxes
$1,360Income before extraordinary items
$0Extraordinary gains - net
$1,360Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$132Sale, conversion, retirement of capital stock, net
$1,750Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.62%Yield on earning assets
3.70%Cost of funding earning assets
3.92%Net interest margin
0.51%Noninterest income to earning assets
2.25%Noninterest expense to earning assets
1.35%Net operating income to assets
1.34%Return on assets (ROA)
1.96%Pretax return on assets
12.32%Return on equity (ROE)
-3.53%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
71.97%Credit loss provision to net charge-offs
15.95%Efficiency ratio
50,679Assets per employee
2.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
128.68%Loss allowance to loans
3.40%Loss allowance to noncurrent loans
78.38%Noncurrent assets plus other real estate owned to assets
2.09%Noncurrent loans to loans
4.34%Net loans and leases to deposits
52.50%Net loans and leases to core deposits
55.47%Equity capital to assets
10.59%Core capital (leverage) ratio
10.61%Tier 1 risk-based capital ratio
19.22%Total risk-based capital ratio
Memoranda
$20Average assets
$101,498Average earning assets
$11,035Average equity
$96,384Average loans

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