FDIC Certificate #: 35395 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Blackhawk Bank & Trust (#18402) Federal Reserve ID: 2869180 Date Established: March 08, 2000 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 79500 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: March 08, 2000 Last Structure Change Effective Date: October 14, 2011 Last Structure Change Process Date: October 17, 2011 Last Data Update: October 17, 2011 Data Source Date: April 05, 2012
Location
Address: 1308 Southeast 4th Street, Aledo, IL 61231 County: Mercer 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): Davenport-Moline-Rock Island, IA-IL (#19340) CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
Financial Summary
Total assets: $195.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
37Total employees (full-time equivalent)
$213,484Total assets
$1,848Cash and due from depository institutions
$122Interest-bearing balances
$38,746Securities
$2,920Federal funds sold & reverse repurchase agreements
$156,254Net loans & leases
$9,343Loan loss allowance
$0Trading account assets
$3,005Bank premises and fixed assets
$260Other real estate owned
$0Goodwill and other intangibles
$1,696Life insurance assets
$10,451All other assets
$213,484Total liabilities and capital
$193,188Total liabilities
$171,477Total deposits
$159,498Interest-bearing deposits
$171,477Deposits held in domestic offices
92.26%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$19,997Other borrowed funds
$0Subordinated debt
$1,714All other liabilities
$20,296Total equity capital
$20,296Total bank equity capital
$20,296Perpetual preferred stock
$0Common stock
$2,160Surplus
$16,631Undivided profits
Memoranda
$1,505Noncurrent loans and leases
$21,752Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$28,699Earning assets
$0Long-term assets (5+ years)
$2,582Average Assets, year-to-date
$198,042Average Assets, quarterly
$34,317Volatile liabilities
$213,769Insider loans
$217,482FHLB advances
$30,453Loans and leases held for sale
$10,811Unused loan commitments
$19,800Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,752Total unused commitments
$1,157Restructured Loans and leases
$2,295Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$11,708Total interest income
$3,514Total interest expense
$8,194Net interest income
$7,825Provision for loan and lease losses
$127Total noninterest income
$0Fiduciary activities
$112Service charges on deposit accounts
$0Trading account gains & fees
$15Additional noninterest income
$4,420Total noninterest expense
$2,303Salaries and employee benefits
$557Premises and equipment expense
$1,560Additional noninterest expense
-$3,924Pre-tax net operating income
$52Securities gains (losses)
-$1,679Applicable income taxes
-$2,193Income before extraordinary items
$0Extraordinary gains - net
-$2,193Net income attributable to bank
$0Net charge-offs
-$2,193Cash dividends
$750Sale, conversion, retirement of capital stock, net
$545Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.85%Yield on earning assets
1.75%Cost of funding earning assets
4.09%Net interest margin
0.06%Noninterest income to earning assets
2.21%Noninterest expense to earning assets
-1.04%Net operating income to assets
-1.03%Return on assets (ROA)
-1.81%Pretax return on assets
-9.60%Return on equity (ROE)
-11.98%Retained earnings to average equity (YTD only)
0.46%Net charge-offs to loans
1043.33%Credit loss provision to net charge-offs
5.20%Efficiency ratio
53,119Assets per employee
5.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
-24.85%Loss allowance to loans
5.64%Loss allowance to noncurrent loans
32.56%Noncurrent assets plus other real estate owned to assets
13.56%Noncurrent loans to loans
17.33%Net loans and leases to deposits
91.12%Net loans and leases to core deposits
108.80%Equity capital to assets
9.51%Core capital (leverage) ratio
9.10%Tier 1 risk-based capital ratio
11.38%Total risk-based capital ratio
Memoranda
$13Average assets
$213,769Average earning assets
$22,846Average equity
$200,252Average loans
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