FDIC Certificate #: 16232 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Bank of Forrest (#11669) Federal Reserve ID: 595038 Date Established: Febuary 01, 1945 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 10429 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: Febuary 01, 1945 Last Structure Change Effective Date: January 01, 2011 Last Structure Change Process Date: January 04, 2011 Last Data Update: January 04, 2011 Data Source Date: April 05, 2012
Location
Address: 915 8th Avenue, Erie, IL 61250 County: Whiteside 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): Sterling, IL (#44580) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $18.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
5Total employees (full-time equivalent)
$18,269Total assets
$3,573Cash and due from depository institutions
$3,220Interest-bearing balances
$1,531Securities
$0Federal funds sold & reverse repurchase agreements
$12,584Net loans & leases
$160Loan loss allowance
$0Trading account assets
$111Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$145Life insurance assets
$470All other assets
$18,269Total liabilities and capital
$16,034Total liabilities
$15,993Total deposits
$14,030Interest-bearing deposits
$15,993Deposits held in domestic offices
96.11%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1Other borrowed funds
$0Subordinated debt
$40All other liabilities
$2,235Total equity capital
$2,235Total bank equity capital
$2,235Perpetual preferred stock
$0Common stock
$160Surplus
$715Undivided profits
Memoranda
$1,360Noncurrent loans and leases
$803Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$135Average Assets, year-to-date
$17,335Average Assets, quarterly
$3,556Volatile liabilities
$18,444Insider loans
$17,908FHLB advances
$1,721Loans and leases held for sale
$537Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$803Total unused commitments
$0Restructured Loans and leases
$121Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$742Total interest income
$233Total interest expense
$509Net interest income
$0Provision for loan and lease losses
$45Total noninterest income
$0Fiduciary activities
$22Service charges on deposit accounts
$0Trading account gains & fees
$23Additional noninterest income
$501Total noninterest expense
$253Salaries and employee benefits
$54Premises and equipment expense
$194Additional noninterest expense
$53Pre-tax net operating income
$0Securities gains (losses)
-$3Applicable income taxes
$56Income before extraordinary items
$0Extraordinary gains - net
$56Net income attributable to bank
$0Net charge-offs
$56Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.34%Yield on earning assets
1.36%Cost of funding earning assets
2.98%Net interest margin
0.26%Noninterest income to earning assets
2.93%Noninterest expense to earning assets
0.30%Net operating income to assets
0.30%Return on assets (ROA)
0.29%Pretax return on assets
2.53%Return on equity (ROE)
2.53%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
90,433Assets per employee
3.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
78.68%Net loans and leases to core deposits
88.17%Equity capital to assets
12.23%Core capital (leverage) ratio
12.34%Tier 1 risk-based capital ratio
22.08%Total risk-based capital ratio
Memoranda
$23Average assets
$18,444Average earning assets
$2,210Average equity
$17,087Average loans
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