Elliott State Bank in Jacksonville, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 18, 1998

Elliott State Bank in Jacksonville, Illinois (IL)
Show street view No street view available for this location

Elliott State Bank - Overview

General
FDIC Certificate #: 1046
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank of Illinois (#10025)
Federal Reserve ID: 964241
Date Established: January 25, 1866
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 699
Numeric code: 13
Regulator: FED
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: September 18, 1998
Last Structure Change Process Date: October 06, 1998
Last Data Update: October 06, 1998
Data Source Date: April 05, 2012
Location
Address: 73 Central Park Plaza East, Jacksonville, IL 62650
County: Morgan
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Kansas City
FDIC Field Office: Springfield Il
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Jacksonville, IL (#27300)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $165.3 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
72Total employees (full-time equivalent)
$176,150Total assets
$7,674Cash and due from depository institutions
$0Interest-bearing balances
$53,978Securities
$0Federal funds sold & reverse repurchase agreements
$108,943Net loans & leases
$1,660Loan loss allowance
$0Trading account assets
$2,276Bank premises and fixed assets
$1Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,278All other assets
$176,150Total liabilities and capital
$160,087Total liabilities
$151,261Total deposits
$120,017Interest-bearing deposits
$151,261Deposits held in domestic offices
0.00%% insured (estimated)
$7,871Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$955All other liabilities
$16,063Total equity capital
$16,063Total bank equity capital
$16,063Perpetual preferred stock
$0Common stock
$1,578Surplus
$8,450Undivided profits
Memoranda
$6,035Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,983Earning assets
$0Long-term assets (5+ years)
$1,356Average Assets, year-to-date
$162,921Average Assets, quarterly
$2,774Volatile liabilities
$174,315Insider loans
$175,557FHLB advances
$20,792Loans and leases held for sale
$1,478Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$69Total risk weighted assets
$12,167Total unused commitments
$0Restructured Loans and leases
$111,994Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$13,069Total interest income
$5,666Total interest expense
$7,403Net interest income
$600Provision for loan and lease losses
$1,606Total noninterest income
$455Fiduciary activities
$726Service charges on deposit accounts
$0Trading account gains & fees
$425Additional noninterest income
$4,596Total noninterest expense
$2,342Salaries and employee benefits
$528Premises and equipment expense
$1,726Additional noninterest expense
$3,813Pre-tax net operating income
$90Securities gains (losses)
$1,392Applicable income taxes
$2,511Income before extraordinary items
$0Extraordinary gains - net
$2,511Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,026Sale, conversion, retirement of capital stock, net
$2,800Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.09%Yield on earning assets
3.51%Cost of funding earning assets
4.58%Net interest margin
0.99%Noninterest income to earning assets
2.84%Noninterest expense to earning assets
1.41%Net operating income to assets
1.44%Return on assets (ROA)
2.24%Pretax return on assets
15.76%Return on equity (ROE)
-1.81%Retained earnings to average equity (YTD only)
0.91%Net charge-offs to loans
58.48%Credit loss provision to net charge-offs
4.30%Efficiency ratio
51,016Assets per employee
2.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
111.51%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
83.71%Noncurrent assets plus other real estate owned to assets
1.13%Noncurrent loans to loans
1.79%Net loans and leases to deposits
72.02%Net loans and leases to core deposits
78.75%Equity capital to assets
9.12%Core capital (leverage) ratio
9.05%Tier 1 risk-based capital ratio
14.23%Total risk-based capital ratio
Memoranda
$15Average assets
$174,315Average earning assets
$15,932Average equity
$161,561Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Elliott State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.