Farmer's State Bank of Palestine in Palestine, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1995

Farmer's State Bank of Palestine in Palestine, Illinois (IL)
Show street view No street view available for this location

Farmer's State Bank of Palestine - Overview

General
FDIC Certificate #: 12115
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Ambank Illinois, National Association (#3831)
Federal Reserve ID: 337041
Date Established: January 01, 1898
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 7697
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: November 01, 1995
Last Structure Change Process Date: December 07, 1995
Last Data Update: December 07, 1995
Data Source Date: April 05, 2012
Location
Address: 101 North Main Street, Palestine, IL 62451
County: Crawford
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Mount Vernon
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $56.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$26Total assets
$60,009Cash and due from depository institutions
$1,098Interest-bearing balances
$0Securities
$29,594Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$27,807Loan loss allowance
$579Trading account assets
$0Bank premises and fixed assets
$315Other real estate owned
$0Goodwill and other intangibles
$1,195Life insurance assets
$0All other assets
$0Total liabilities and capital
$60,009Total liabilities
$54,649Total deposits
$51,416Interest-bearing deposits
$48,010Deposits held in domestic offices
51416.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$2,933Trading liabilities
$0Other borrowed funds
$29Subordinated debt
$0All other liabilities
$271Total equity capital
$271Total bank equity capital
$5,360Perpetual preferred stock
$0Common stock
$550Surplus
$2,300Undivided profits
Memoranda
$2,510Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$354Income earned, not collected on loans
$368Earning assets
$57,401Long-term assets (5+ years)
$12,323Average Assets, year-to-date
$61,829Average Assets, quarterly
$60,807Volatile liabilities
$11,478Insider loans
$278FHLB advances
$0Loans and leases held for sale
$108Unused loan commitments
$2,525Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,918Total risk weighted assets
$33,767Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,020Total interest expense
$2,056Net interest income
$1,964Provision for loan and lease losses
$0Total noninterest income
$149Fiduciary activities
$0Service charges on deposit accounts
$58Trading account gains & fees
$0Additional noninterest income
$91Total noninterest expense
$1,369Salaries and employee benefits
$710Premises and equipment expense
$119Additional noninterest expense
$540Pre-tax net operating income
$744Securities gains (losses)
-$15Applicable income taxes
$128Income before extraordinary items
$601Extraordinary gains - net
$0Net income attributable to bank
$601Net charge-offs
-$26Cash dividends
$249Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.79%Cost of funding earning assets
3.47%Net interest margin
3.32%Noninterest income to earning assets
0.25%Noninterest expense to earning assets
2.31%Net operating income to assets
0.99%Return on assets (ROA)
0.97%Pretax return on assets
1.18%Return on equity (ROE)
10.84%Retained earnings to average equity (YTD only)
6.35%Net charge-offs to loans
-0.10%Credit loss provision to net charge-offs
0.00%Efficiency ratio
64,789Assets per employee
2.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.43%Loss allowance to loans
2.04%Loss allowance to noncurrent loans
163.56%Noncurrent assets plus other real estate owned to assets
0.59%Noncurrent loans to loans
1.25%Net loans and leases to deposits
54.08%Net loans and leases to core deposits
64.82%Equity capital to assets
8.93%Core capital (leverage) ratio
9.73%Tier 1 risk-based capital ratio
17.53%Total risk-based capital ratio
Memoranda
$19Average assets
$61,829Average earning assets
$5,546Average equity
$59,201Average 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 Farmer's State Bank of Palestine.
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.