First State Bank of Beardstown, Illinois in Beardstown, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 02, 2009

  • First State Bank of Beardstown, Illinois in Beardstown, Illinois (IL)
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First State Bank of Beardstown, Illinois - Overview

  • General
  • FDIC Certificate #: 12547
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: West Central Bank (#10853)
    Federal Reserve ID: 433439
    Date Established: Febuary 16, 1889
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 12548
    FDIC's unique #: 7981
    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 14, 1934
    Last Structure Change Effective Date: October 02, 2009
    Last Structure Change Process Date: October 20, 2009
    Last Data Update: October 20, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 122 South State Street, Beardstown, IL 62618
    County: Cass
    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: $57.2 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, 2008)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $57,037Total assets
  • $6,094Cash and due from depository institutions
  • $3,831Interest-bearing balances
  • $22,505Securities
  • $450Federal funds sold & reverse repurchase agreements
  • $25,733Net loans & leases
  • $518Loan loss allowance
  • $0Trading account assets
  • $968Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $68Life insurance assets
  • $1,287All other assets
  • $57,037Total liabilities and capital
  • $51,938Total liabilities
  • $46,180Total deposits
  • $37,441Interest-bearing deposits
  • $46,180Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,384Other borrowed funds
  • $0Subordinated debt
  • $374All other liabilities
  • $5,099Total equity capital
  • $5,099Total bank equity capital
  • $5,099Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $1,200Undivided profits
  • Memoranda
  • $3,499Noncurrent loans and leases
  • $5,588Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,293Earning assets
  • $501Long-term assets (5+ years)
  • $618Average Assets, year-to-date
  • $52,519Average Assets, quarterly
  • $28,305Volatile liabilities
  • $54,877Insider loans
  • $57,181FHLB advances
  • $4,511Loans and leases held for sale
  • $316Unused loan commitments
  • $5,384Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,588Total unused commitments
  • $0Restructured Loans and leases
  • $362Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $3,079Total interest income
  • $1,180Total interest expense
  • $1,899Net interest income
  • $93Provision for loan and lease losses
  • $689Total noninterest income
  • $37Fiduciary activities
  • $447Service charges on deposit accounts
  • $0Trading account gains & fees
  • $205Additional noninterest income
  • $2,037Total noninterest expense
  • $1,072Salaries and employee benefits
  • $368Premises and equipment expense
  • $597Additional noninterest expense
  • $458Pre-tax net operating income
  • $86Securities gains (losses)
  • -$57Applicable income taxes
  • $601Income before extraordinary items
  • $0Extraordinary gains - net
  • $601Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $68Sale, conversion, retirement of capital stock, net
  • $479Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.02%Yield on earning assets
  • 2.31%Cost of funding earning assets
  • 3.71%Net interest margin
  • 1.35%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • 0.94%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 10.71%Return on equity (ROE)
  • 2.17%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 136.76%Credit loss provision to net charge-offs
  • 8.10%Efficiency ratio
  • 78,709Assets per employee
  • 2.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 79.70%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 22.59%Noncurrent assets plus other real estate owned to assets
  • 4.02%Noncurrent loans to loans
  • 8.73%Net loans and leases to deposits
  • 55.72%Net loans and leases to core deposits
  • 61.76%Equity capital to assets
  • 8.94%Core capital (leverage) ratio
  • 7.98%Tier 1 risk-based capital ratio
  • 16.12%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $54,877Average earning assets
  • $5,613Average equity
  • $51,147Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6,420Managed Assets
  • 1Number of Accounts
  • $4,625Personal trust and agency accounts
  • $4,625Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 50Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,795Other retirement accounts
  • $137Corporate trust and agency accounts
  • $1,658Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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