Blackhawk State Bank, S.B. in Rochelle, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 1998

  • Blackhawk State Bank, S.B. in Rochelle, Illinois (IL)
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Blackhawk State Bank, S.B. - Overview

  • General
  • FDIC Certificate #: 31195
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Blackhawk Bank (#14078)
    Federal Reserve ID: 774374
    Date Established: August 03, 1960
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 6515
    FDIC's unique #: 44029
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 03, 1960
    Last Structure Change Effective Date: March 31, 1998
    Last Structure Change Process Date: April 23, 1998
    Last Data Update: April 23, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 422 Cherry Avenue, Rochelle, IL 61068
    County: Ogle
    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): Rochelle, IL (#40300)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $50.3 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
  • 28Total employees (full-time equivalent)
  • $50,313Total assets
  • $2,315Cash and due from depository institutions
  • $1,385Interest-bearing balances
  • $6,967Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $35,676Net loans & leases
  • $311Loan loss allowance
  • $0Trading account assets
  • $835Bank premises and fixed assets
  • $0Other real estate owned
  • $2,307Goodwill and other intangibles
  • $0Life insurance assets
  • $1,213All other assets
  • $50,313Total liabilities and capital
  • $45,930Total liabilities
  • $44,292Total deposits
  • $43,005Interest-bearing deposits
  • $44,292Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $369Other borrowed funds
  • $0Subordinated debt
  • $1,269All other liabilities
  • $4,383Total equity capital
  • $4,383Total bank equity capital
  • $4,383Perpetual preferred stock
  • $0Common stock
  • $555Surplus
  • $3,677Undivided profits
  • Memoranda
  • $151Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $369Earning assets
  • $0Long-term assets (5+ years)
  • $271Average Assets, year-to-date
  • $45,028Average Assets, quarterly
  • $3,343Volatile liabilities
  • $50,047Insider loans
  • $50,532FHLB advances
  • $3,560Loans and leases held for sale
  • $155Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $934Total risk weighted assets
  • $6,691Total unused commitments
  • $0Restructured Loans and leases
  • $31,091Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $2,506Total interest income
  • $1,296Total interest expense
  • $1,210Net interest income
  • $27Provision for loan and lease losses
  • $485Total noninterest income
  • $0Fiduciary activities
  • $105Service charges on deposit accounts
  • $0Trading account gains & fees
  • $380Additional noninterest income
  • $1,399Total noninterest expense
  • $649Salaries and employee benefits
  • $118Premises and equipment expense
  • $632Additional noninterest expense
  • $269Pre-tax net operating income
  • -$10Securities gains (losses)
  • $108Applicable income taxes
  • $151Income before extraordinary items
  • $0Extraordinary gains - net
  • $151Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $21Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.47%Yield on earning assets
  • 2.83%Cost of funding earning assets
  • 2.64%Net interest margin
  • 1.06%Noninterest income to earning assets
  • 3.05%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 4.11%Return on equity (ROE)
  • 4.11%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 128.57%Credit loss provision to net charge-offs
  • 14.10%Efficiency ratio
  • 71,032Assets per employee
  • 1.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.86%Loss allowance to noncurrent loans
  • 84.28%Noncurrent assets plus other real estate owned to assets
  • 0.73%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 80.55%Net loans and leases to core deposits
  • 86.80%Equity capital to assets
  • 8.71%Core capital (leverage) ratio
  • 5.18%Tier 1 risk-based capital ratio
  • 8.25%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $50,047Average earning assets
  • $3,677Average equity
  • $45,800Average loans

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