FDIC Certificate #: 19734 Status: Inactive Closing history: Participated in Reorganization Acquiring institution:Tompkins State Bank (#10849) Federal Reserve ID: 986739 Date Established: July 21, 1967 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 15387 FDIC's unique #: 13530 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 21, 1967 Last Structure Change Effective Date: December 06, 2008 Last Structure Change Process Date: December 22, 2008 Last Data Update: December 22, 2008 Data Source Date: April 05, 2012
Location
Address: 1380 North Henderson Street, Galesburg, IL 61401 County: Knox 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 Core Based Statistical Area (CBSA): Galesburg, IL (#23660) CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Participated in Reorganization
Financial Summary
Total assets: $42.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
16Total employees (full-time equivalent)
$49,605Total assets
$1,930Cash and due from depository institutions
$5Interest-bearing balances
$10,861Securities
$2,740Federal funds sold & reverse repurchase agreements
$30,864Net loans & leases
$95Loan loss allowance
$0Trading account assets
$1,012Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$1,641Life insurance assets
$2,198All other assets
$49,605Total liabilities and capital
$44,397Total liabilities
$40,060Total deposits
$37,242Interest-bearing deposits
$40,060Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$337All other liabilities
$5,208Total equity capital
$5,208Total bank equity capital
$5,208Perpetual preferred stock
$0Common stock
$400Surplus
$600Undivided profits
Memoranda
$4,208Noncurrent loans and leases
$1,719Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$125Earning assets
$0Long-term assets (5+ years)
$281Average Assets, year-to-date
$44,470Average Assets, quarterly
$16,185Volatile liabilities
$46,788Insider loans
$49,039FHLB advances
$10,995Loans and leases held for sale
$586Unused loan commitments
$4,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,719Total unused commitments
$0Restructured Loans and leases
$95Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$2,673Total interest income
$1,427Total interest expense
$1,246Net interest income
$45Provision for loan and lease losses
$409Total noninterest income
$0Fiduciary activities
$58Service charges on deposit accounts
$0Trading account gains & fees
$351Additional noninterest income
$1,237Total noninterest expense
$705Salaries and employee benefits
$183Premises and equipment expense
$349Additional noninterest expense
$373Pre-tax net operating income
-$96Securities gains (losses)
$28Applicable income taxes
$249Income before extraordinary items
$0Extraordinary gains - net
$249Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$100Sale, conversion, retirement of capital stock, net
$90Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.43%Yield on earning assets
3.43%Cost of funding earning assets
3.00%Net interest margin
0.98%Noninterest income to earning assets
2.98%Noninterest expense to earning assets
0.72%Net operating income to assets
0.53%Return on assets (ROA)
0.59%Pretax return on assets
5.03%Return on equity (ROE)
3.21%Retained earnings to average equity (YTD only)
0.39%Net charge-offs to loans
45.00%Credit loss provision to net charge-offs
4.18%Efficiency ratio
74,743Assets per employee
3.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.14%Loss allowance to loans
0.31%Loss allowance to noncurrent loans
76.00%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
0.40%Net loans and leases to deposits
77.04%Net loans and leases to core deposits
97.78%Equity capital to assets
10.50%Core capital (leverage) ratio
10.73%Tier 1 risk-based capital ratio
16.24%Total risk-based capital ratio
Memoranda
$17Average assets
$46,788Average earning assets
$4,948Average equity
$41,554Average loans
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