First Federal Bank in Colchester, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 16, 2008

  • First Federal Bank in Colchester, Illinois (IL)
  • Show street view No street view available for this location

First Federal Bank - Overview

  • General
  • FDIC Certificate #: 29245
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Heartland Bank and Trust Company (#20369)
    Federal Reserve ID: 730174
    Date Established: January 01, 1917
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3164
    FDIC's unique #: 42079
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: March 27, 1943
    Last Structure Change Effective Date: June 16, 2008
    Last Structure Change Process Date: June 18, 2008
    Last Data Update: June 18, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 109 East Depot Street, Colchester, IL 62326
    County: Mcdonough
    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
    Core Based Statistical Area (CBSA): Macomb, IL (#31380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $353.8 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, 2007)

  • Dollar figures in thousands
  • 68Total employees (full-time equivalent)
  • $347,129Total assets
  • $46,897Cash and due from depository institutions
  • $44,492Interest-bearing balances
  • $92,979Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $183,607Net loans & leases
  • $1,088Loan loss allowance
  • $0Trading account assets
  • $4,139Bank premises and fixed assets
  • $851Other real estate owned
  • $14,942Goodwill and other intangibles
  • $0Life insurance assets
  • $3,714All other assets
  • $347,129Total liabilities and capital
  • $309,913Total liabilities
  • $300,284Total deposits
  • $295,021Interest-bearing deposits
  • $300,284Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,704Other borrowed funds
  • $0Subordinated debt
  • $1,925All other liabilities
  • $37,216Total equity capital
  • $37,216Total bank equity capital
  • $37,216Perpetual preferred stock
  • $0Common stock
  • $22Surplus
  • $24,350Undivided profits
  • Memoranda
  • $12,844Noncurrent loans and leases
  • $7,738Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $667Earning assets
  • $0Long-term assets (5+ years)
  • $1,587Average Assets, year-to-date
  • $321,078Average Assets, quarterly
  • $0Volatile liabilities
  • $347,581Insider loans
  • $346,282FHLB advances
  • $39,627Loans and leases held for sale
  • $307Unused loan commitments
  • $7,704Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,738Total unused commitments
  • $862Restructured Loans and leases
  • $1,105Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $20,352Total interest income
  • $11,223Total interest expense
  • $9,129Net interest income
  • $0Provision for loan and lease losses
  • $1,571Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,571Additional noninterest income
  • $6,685Total noninterest expense
  • $3,384Salaries and employee benefits
  • $1,184Premises and equipment expense
  • $2,117Additional noninterest expense
  • $4,015Pre-tax net operating income
  • $51Securities gains (losses)
  • $71Applicable income taxes
  • $3,995Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,995Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $95Sale, conversion, retirement of capital stock, net
  • $1,500Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.29%Yield on earning assets
  • 3.47%Cost of funding earning assets
  • 2.82%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.07%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 11.97%Return on equity (ROE)
  • 7.48%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 42.26%Efficiency ratio
  • 58,477Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.55%Loss allowance to loans
  • 0.59%Loss allowance to noncurrent loans
  • 163.12%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 61.14%Net loans and leases to core deposits
  • 68.42%Equity capital to assets
  • 10.72%Core capital (leverage) ratio
  • 6.62%Tier 1 risk-based capital ratio
  • 13.18%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $347,581Average earning assets
  • $33,366Average equity
  • $323,496Average loans

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