Farmers State Bank of Ferris in Carthage, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 08, 1997

Farmers State Bank of Ferris in Carthage, Illinois (IL)
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Farmers State Bank of Ferris - Overview

General
FDIC Certificate #: 10787
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union Bank/West (#12116)
Federal Reserve ID: 864435
Date Established: January 01, 1905
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 10129
FDIC's unique #: 6897
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 08, 1997
Last Structure Change Process Date: December 29, 1997
Last Data Update: December 29, 1997
Data Source Date: April 05, 2012
Location
Address: 1395 Buchanan Street, Carthage, IL 62321
County: Hancock
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
Financial Summary
Total assets: $45.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$12Total assets
$47,569Cash and due from depository institutions
$2,441Interest-bearing balances
$50Securities
$28,879Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$14,328Loan loss allowance
$127Trading account assets
$0Bank premises and fixed assets
$424Other real estate owned
$0Goodwill and other intangibles
$534Life insurance assets
$963All other assets
$0Total liabilities and capital
$47,569Total liabilities
$43,546Total deposits
$40,500Interest-bearing deposits
$36,373Deposits held in domestic offices
40500.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$2,144Trading liabilities
$0Other borrowed funds
$600Subordinated debt
$0All other liabilities
$302Total equity capital
$302Total bank equity capital
$4,023Perpetual preferred stock
$0Common stock
$267Surplus
$3,601Undivided profits
Memoranda
$155Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$40Income earned, not collected on loans
$265Earning assets
$43,257Long-term assets (5+ years)
$2,069Average Assets, year-to-date
$48,956Average Assets, quarterly
$47,362Volatile liabilities
$8,414Insider loans
$77FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,009Total risk weighted assets
$18,575Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,299Total interest expense
$794Net interest income
$505Provision for loan and lease losses
$60Total noninterest income
$34Fiduciary activities
$0Service charges on deposit accounts
$23Trading account gains & fees
$0Additional noninterest income
$11Total noninterest expense
$314Salaries and employee benefits
$145Premises and equipment expense
$47Additional noninterest expense
$122Pre-tax net operating income
$165Securities gains (losses)
-$11Applicable income taxes
$50Income before extraordinary items
$104Extraordinary gains - net
$0Net income attributable to bank
$104Net charge-offs
$40Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
2.85%Cost of funding earning assets
1.74%Net interest margin
1.11%Noninterest income to earning assets
0.07%Noninterest expense to earning assets
0.69%Net operating income to assets
0.23%Return on assets (ROA)
0.21%Pretax return on assets
0.31%Return on equity (ROE)
2.94%Retained earnings to average equity (YTD only)
2.94%Net charge-offs to loans
0.30%Credit loss provision to net charge-offs
150.00%Efficiency ratio
55,288Assets per employee
3.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.88%Loss allowance to noncurrent loans
317.50%Noncurrent assets plus other real estate owned to assets
0.08%Noncurrent loans to loans
0.28%Net loans and leases to deposits
35.38%Net loans and leases to core deposits
41.86%Equity capital to assets
8.46%Core capital (leverage) ratio
6.55%Tier 1 risk-based capital ratio
16.20%Total risk-based capital ratio
Memoranda
$17Average assets
$48,956Average earning assets
$3,536Average equity
$45,596Average loans

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