City Potomac Bank in Potomac, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 26, 1993

City Potomac Bank in Potomac, Illinois (IL)
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City Potomac Bank - Overview

General
FDIC Certificate #: 12110
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Palmer-American National Bank of Danville (#3646)
Federal Reserve ID: 932549
Date Established: June 01, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 7694
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: April 26, 1993
Last Structure Change Process Date: May 26, 1993
Last Data Update: May 26, 1993
Data Source Date: April 05, 2012
Location
Address: Main Street, Potomac, IL 61865
County: Vermilion
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
Core Based Statistical Area (CBSA): Danville, IL (#19180)
CBSA Metro Statistical Area: Danville, IL (#19180)
Financial Summary
Total assets: $12.1 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$12,772Cash and due from depository institutions
$3,830Interest-bearing balances
$3,467Securities
$1,664Federal funds sold & reverse repurchase agreements
$200Net loans & leases
$6,429Loan loss allowance
$129Trading account assets
$0Bank premises and fixed assets
$200Other real estate owned
$202Goodwill and other intangibles
$247Life insurance assets
$0All other assets
$0Total liabilities and capital
$12,772Total liabilities
$11,527Total deposits
$11,412Interest-bearing deposits
$9,871Deposits held in domestic offices
11412.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$115Total equity capital
$115Total bank equity capital
$1,245Perpetual preferred stock
$0Common stock
$300Surplus
$812Undivided profits
Memoranda
$133Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$138Income earned, not collected on loans
$187Earning assets
$11,760Long-term assets (5+ years)
$318Average Assets, year-to-date
$12,875Average Assets, quarterly
$12,928Volatile liabilities
$2,542Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$852Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,245Total risk weighted assets
$7,620Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$1,051Total interest expense
$479Net interest income
$572Provision for loan and lease losses
$0Total noninterest income
$74Fiduciary activities
$0Service charges on deposit accounts
$39Trading account gains & fees
$0Additional noninterest income
$35Total noninterest expense
$508Salaries and employee benefits
$209Premises and equipment expense
$60Additional noninterest expense
$239Pre-tax net operating income
$138Securities gains (losses)
$0Applicable income taxes
$47Income before extraordinary items
$91Extraordinary gains - net
$0Net income attributable to bank
$91Net charge-offs
-$24Cash dividends
$40Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.89%Cost of funding earning assets
4.05%Net interest margin
4.84%Noninterest income to earning assets
0.63%Noninterest expense to earning assets
4.30%Net operating income to assets
0.71%Return on assets (ROA)
0.71%Pretax return on assets
1.07%Return on equity (ROE)
7.42%Retained earnings to average equity (YTD only)
4.16%Net charge-offs to loans
-0.32%Credit loss provision to net charge-offs
0.00%Efficiency ratio
78,638Assets per employee
1.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
43.96%Loss allowance to loans
1.97%Loss allowance to noncurrent loans
93.48%Noncurrent assets plus other real estate owned to assets
2.66%Noncurrent loans to loans
2.10%Net loans and leases to deposits
56.34%Net loans and leases to core deposits
72.48%Equity capital to assets
9.75%Core capital (leverage) ratio
9.49%Tier 1 risk-based capital ratio
16.34%Total risk-based capital ratio
Memoranda
$18Average assets
$12,875Average earning assets
$1,226Average equity
$11,817Average loans

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