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
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