FDIC Certificate #: 11326 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Standard Bank and Trust Company (#16606) Federal Reserve ID: 870436 Date Established: January 01, 1871 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 15538 FDIC's unique #: 7234 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: May 10, 1999 Last Structure Change Process Date: June 08, 1999 Last Data Update: June 08, 1999 Data Source Date: April 05, 2012
Location
Address: Depot Street, Gardner, IL 60424 County: Grundy Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Chicago Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Chicago, IL (#1600) Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14) Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176) Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980) CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980) Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
Financial Summary
Total assets: $97.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
40Total employees (full-time equivalent)
$85,689Total assets
$2,824Cash and due from depository institutions
$0Interest-bearing balances
$20,880Securities
$5,875Federal funds sold & reverse repurchase agreements
$52,648Net loans & leases
$411Loan loss allowance
$0Trading account assets
$2,003Bank premises and fixed assets
$0Other real estate owned
$560Goodwill and other intangibles
$0Life insurance assets
$899All other assets
$85,689Total liabilities and capital
$77,756Total liabilities
$76,748Total deposits
$66,781Interest-bearing deposits
$76,748Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,008All other liabilities
$7,933Total equity capital
$7,933Total bank equity capital
$7,933Perpetual preferred stock
$0Common stock
$500Surplus
$1,500Undivided profits
Memoranda
$5,933Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$90Earning assets
$0Long-term assets (5+ years)
$519Average Assets, year-to-date
$79,403Average Assets, quarterly
$3,417Volatile liabilities
$81,081Insider loans
$83,979FHLB advances
$12,899Loans and leases held for sale
$358Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,106Total risk weighted assets
$9,896Total unused commitments
$0Restructured Loans and leases
$57,881Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$6,246Total interest income
$2,955Total interest expense
$3,291Net interest income
$40Provision for loan and lease losses
$1,277Total noninterest income
$0Fiduciary activities
$233Service charges on deposit accounts
$0Trading account gains & fees
$1,044Additional noninterest income
$2,267Total noninterest expense
$1,295Salaries and employee benefits
$296Premises and equipment expense
$676Additional noninterest expense
$2,261Pre-tax net operating income
$0Securities gains (losses)
$742Applicable income taxes
$1,519Income before extraordinary items
$0Extraordinary gains - net
$1,519Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$30Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.27%Yield on earning assets
3.91%Cost of funding earning assets
4.36%Net interest margin
1.69%Noninterest income to earning assets
3.00%Noninterest expense to earning assets
1.87%Net operating income to assets
1.87%Return on assets (ROA)
2.79%Pretax return on assets
21.52%Return on equity (ROE)
21.52%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
133.33%Credit loss provision to net charge-offs
76.70%Efficiency ratio
47,023Assets per employee
2.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.77%Loss allowance to noncurrent loans
456.67%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.17%Net loans and leases to deposits
68.60%Net loans and leases to core deposits
82.46%Equity capital to assets
9.26%Core capital (leverage) ratio
9.11%Tier 1 risk-based capital ratio
13.32%Total risk-based capital ratio
Memoranda
$14Average assets
$81,081Average earning assets
$7,060Average equity
$75,528Average loans
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