Busey Bank of McLean County in Le Roy, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 19, 1996

Busey Bank of McLean County in Le Roy, Illinois (IL)
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Busey Bank of McLean County - Overview

General
FDIC Certificate #: 9638
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Busey Bank (#16450)
Federal Reserve ID: 359931
Date Established: January 26, 1924
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 6162
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: January 19, 1996
Last Structure Change Process Date: Febuary 09, 1996
Last Data Update: Febuary 09, 1996
Data Source Date: April 05, 2012
Location
Address: 301 East Cedar Street, Le Roy, IL 61752
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: $83.7 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)
$30Total assets
$83,681Cash and due from depository institutions
$1,997Interest-bearing balances
$0Securities
$32,201Federal funds sold & reverse repurchase agreements
$5,050Net loans & leases
$40,923Loan loss allowance
$431Trading account assets
$0Bank premises and fixed assets
$2,025Other real estate owned
$0Goodwill and other intangibles
$1,485Life insurance assets
$0All other assets
$0Total liabilities and capital
$83,681Total liabilities
$76,839Total deposits
$75,037Interest-bearing deposits
$68,451Deposits held in domestic offices
75037.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$960Trading liabilities
$0Other borrowed funds
$323Subordinated debt
$0All other liabilities
$519Total equity capital
$519Total bank equity capital
$6,842Perpetual preferred stock
$0Common stock
$200Surplus
$5,296Undivided profits
Memoranda
$1,346Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$50Income earned, not collected on loans
$836Earning assets
$78,174Long-term assets (5+ years)
$8,023Average Assets, year-to-date
$77,373Average Assets, quarterly
$81,637Volatile liabilities
$7,773Insider loans
$554FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$10,602Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,835Total risk weighted assets
$43,072Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,369Total interest expense
$2,961Net interest income
$2,408Provision for loan and lease losses
$0Total noninterest income
$453Fiduciary activities
$0Service charges on deposit accounts
$251Trading account gains & fees
$0Additional noninterest income
$202Total noninterest expense
$1,768Salaries and employee benefits
$1,032Premises and equipment expense
$164Additional noninterest expense
$572Pre-tax net operating income
$1,093Securities gains (losses)
-$5Applicable income taxes
$289Income before extraordinary items
$799Extraordinary gains - net
$0Net income attributable to bank
$799Net charge-offs
$67Cash dividends
$400Sale, 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
7.48%Cost of funding earning assets
4.12%Net interest margin
3.35%Noninterest income to earning assets
0.63%Noninterest expense to earning assets
2.46%Net operating income to assets
1.04%Return on assets (ROA)
1.03%Pretax return on assets
1.41%Return on equity (ROE)
12.33%Retained earnings to average equity (YTD only)
6.16%Net charge-offs to loans
0.17%Credit loss provision to net charge-offs
0.00%Efficiency ratio
61,552Assets per employee
2.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
50.06%Loss allowance to loans
1.04%Loss allowance to noncurrent loans
862.00%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.12%Net loans and leases to deposits
54.54%Net loans and leases to core deposits
59.70%Equity capital to assets
8.18%Core capital (leverage) ratio
8.37%Tier 1 risk-based capital ratio
15.87%Total risk-based capital ratio
Memoranda
$17Average assets
$77,373Average earning assets
$6,482Average equity
$71,792Average loans

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