FDIC Certificate #: 23324 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Better Banks (#1808) Federal Reserve ID: 925439 Date Established: January 02, 1981 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 16346 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: January 02, 1981 Last Structure Change Effective Date: June 18, 2011 Last Structure Change Process Date: June 24, 2011 Last Data Update: June 24, 2011 Data Source Date: April 05, 2012
Location
Address: 122 West Broadway, Astoria, IL 61501 County: Fulton Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Springfield Il Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Combined Statistical Area (CSA): Peoria-Canton, IL (#426) Core Based Statistical Area (CBSA): Canton, IL (#15900) 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
7Total employees (full-time equivalent)
$17,693Total assets
$2,871Cash and due from depository institutions
$2,573Interest-bearing balances
$4,030Securities
$0Federal funds sold & reverse repurchase agreements
$10,492Net loans & leases
$132Loan loss allowance
$0Trading account assets
$75Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$225All other assets
$17,693Total liabilities and capital
$16,164Total liabilities
$16,087Total deposits
$12,709Interest-bearing deposits
$16,087Deposits held in domestic offices
96.15%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$77All other liabilities
$1,529Total equity capital
$1,529Total bank equity capital
$1,529Perpetual preferred stock
$0Common stock
$300Surplus
$300Undivided profits
Memoranda
$929Noncurrent loans and leases
$1,087Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5Earning assets
$0Long-term assets (5+ years)
$137Average Assets, year-to-date
$17,095Average Assets, quarterly
$202Volatile liabilities
$16,992Insider loans
$17,596FHLB advances
$1,181Loans and leases held for sale
$411Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,087Total unused commitments
$0Restructured Loans and leases
$123Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$830Total interest income
$130Total interest expense
$700Net interest income
$8Provision for loan and lease losses
$117Total noninterest income
$0Fiduciary activities
$79Service charges on deposit accounts
$0Trading account gains & fees
$38Additional noninterest income
$650Total noninterest expense
$357Salaries and employee benefits
$64Premises and equipment expense
$229Additional noninterest expense
$159Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$159Income before extraordinary items
-$595Extraordinary gains - net
-$436Net income attributable to bank
$0Net charge-offs
-$436Cash dividends
$1Sale, conversion, retirement of capital stock, net
$75Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.25%Yield on earning assets
0.82%Cost of funding earning assets
4.43%Net interest margin
0.74%Noninterest income to earning assets
4.11%Noninterest expense to earning assets
0.94%Net operating income to assets
-2.57%Return on assets (ROA)
-2.57%Pretax return on assets
-21.64%Return on equity (ROE)
-25.36%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
800.00%Credit loss provision to net charge-offs
167.00%Efficiency ratio
79,559Assets per employee
2.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
-17.20%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
2640.00%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.05%Net loans and leases to deposits
65.22%Net loans and leases to core deposits
70.39%Equity capital to assets
8.64%Core capital (leverage) ratio
7.92%Tier 1 risk-based capital ratio
15.99%Total risk-based capital ratio
Memoranda
$17Average assets
$16,992Average earning assets
$2,015Average equity
$15,817Average loans
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