First Bank South in Dixon, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 04, 1997

First Bank South in Dixon, Illinois (IL)
Show street view No street view available for this location

First Bank South - Overview

General
FDIC Certificate #: 3654
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Grand National Bank (#18350)
Federal Reserve ID: 907837
Date Established: December 04, 1933
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
FDIC's unique #: 2333
Numeric code: 13
Regulator: FED
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: April 04, 1997
Last Structure Change Process Date: April 24, 1997
Last Data Update: April 24, 1997
Data Source Date: April 05, 2012
Location
Address: 102 South Galena Avenue, Dixon, IL 61021
County: Lee
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): Dixon, IL (#19940)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $156.9 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)
$35Total assets
$157,398Cash and due from depository institutions
$1,441Interest-bearing balances
$286Securities
$78,383Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$73,711Loan loss allowance
$723Trading account assets
$0Bank premises and fixed assets
$2,010Other real estate owned
$0Goodwill and other intangibles
$1,853Life insurance assets
$0All other assets
$0Total liabilities and capital
$157,398Total liabilities
$148,641Total deposits
$133,344Interest-bearing deposits
$120,919Deposits held in domestic offices
133344.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$11,504Trading liabilities
$0Other borrowed funds
$3,000Subordinated debt
$0All other liabilities
$793Total equity capital
$793Total bank equity capital
$8,757Perpetual preferred stock
$0Common stock
$3,000Surplus
$3,625Undivided profits
Memoranda
$2,132Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$61Income earned, not collected on loans
$584Earning assets
$152,380Long-term assets (5+ years)
$45,438Average Assets, year-to-date
$161,730Average Assets, quarterly
$162,574Volatile liabilities
$21,295Insider loans
$1,483FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$15,246Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,849Total risk weighted assets
$84,673Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$11,859Total interest expense
$6,537Net interest income
$5,322Provision for loan and lease losses
$0Total noninterest income
$595Fiduciary activities
$0Service charges on deposit accounts
$178Trading account gains & fees
$76Additional noninterest income
$341Total noninterest expense
$3,115Salaries and employee benefits
$1,109Premises and equipment expense
$416Additional noninterest expense
$1,590Pre-tax net operating income
$2,802Securities gains (losses)
$31Applicable income taxes
$941Income before extraordinary items
$1,892Extraordinary gains - net
$0Net income attributable to bank
$1,892Net charge-offs
$8Cash dividends
$1,600Sale, 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
7.74%Cost of funding earning assets
4.27%Net interest margin
3.48%Noninterest income to earning assets
0.39%Noninterest expense to earning assets
2.03%Net operating income to assets
1.16%Return on assets (ROA)
1.17%Pretax return on assets
1.75%Return on equity (ROE)
22.58%Retained earnings to average equity (YTD only)
3.48%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
0.00%Efficiency ratio
52,645Assets per employee
4.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
84.57%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
1185.25%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.08%Net loans and leases to deposits
55.28%Net loans and leases to core deposits
59.66%Equity capital to assets
5.56%Core capital (leverage) ratio
5.47%Tier 1 risk-based capital ratio
10.45%Total risk-based capital ratio
Memoranda
$11Average assets
$161,730Average earning assets
$8,379Average equity
$153,141Average 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 First Bank South.
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.