FDIC Certificate #: 10432 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:COMMUNITY FIRST BANK OF THE HEARTLAND (#3846) Federal Reserve ID: 629849 Date Established: June 09, 1909 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 6666 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 01, 1934 Last Structure Change Effective Date: November 05, 2011 Last Structure Change Process Date: November 09, 2011 Last Data Update: November 09, 2011 Data Source Date: April 05, 2012
Location
Address: 312 North Main Street, Dix, IL 62830 County: Jefferson Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Mount Vernon Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Core Based Statistical Area (CBSA): Mount Vernon, IL (#34500) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $44.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
13Total employees (full-time equivalent)
$43,650Total assets
$10,705Cash and due from depository institutions
$8,139Interest-bearing balances
$6,117Securities
$610Federal funds sold & reverse repurchase agreements
$23,713Net loans & leases
$241Loan loss allowance
$0Trading account assets
$1,306Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$619Life insurance assets
$1,199All other assets
$43,650Total liabilities and capital
$40,415Total liabilities
$40,192Total deposits
$33,010Interest-bearing deposits
$40,192Deposits held in domestic offices
97.70%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$223All other liabilities
$3,235Total equity capital
$3,235Total bank equity capital
$3,235Perpetual preferred stock
$0Common stock
$240Surplus
$1,182Undivided profits
Memoranda
$1,813Noncurrent loans and leases
$2,237Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$127Earning assets
$0Long-term assets (5+ years)
$226Average Assets, year-to-date
$38,579Average Assets, quarterly
$3,213Volatile liabilities
$43,413Insider loans
$43,973FHLB advances
$9,460Loans and leases held for sale
$42Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,237Total unused commitments
$0Restructured Loans and leases
$241Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$1,918Total interest income
$455Total interest expense
$1,463Net interest income
$130Provision for loan and lease losses
$194Total noninterest income
$0Fiduciary activities
$66Service charges on deposit accounts
$0Trading account gains & fees
$128Additional noninterest income
$1,228Total noninterest expense
$583Salaries and employee benefits
$163Premises and equipment expense
$482Additional noninterest expense
$299Pre-tax net operating income
$67Securities gains (losses)
$80Applicable income taxes
$286Income before extraordinary items
$0Extraordinary gains - net
$286Net income attributable to bank
$0Net charge-offs
$286Cash dividends
$207Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.94%Yield on earning assets
1.17%Cost of funding earning assets
3.77%Net interest margin
0.50%Noninterest income to earning assets
3.16%Noninterest expense to earning assets
0.54%Net operating income to assets
0.66%Return on assets (ROA)
0.84%Pretax return on assets
8.89%Return on equity (ROE)
2.67%Retained earnings to average equity (YTD only)
0.90%Net charge-offs to loans
62.80%Credit loss provision to net charge-offs
2.07%Efficiency ratio
74,110Assets per employee
3.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
69.93%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
189.76%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.53%Net loans and leases to deposits
59.00%Net loans and leases to core deposits
77.16%Equity capital to assets
7.41%Core capital (leverage) ratio
7.14%Tier 1 risk-based capital ratio
12.46%Total risk-based capital ratio
Memoranda
$13Average assets
$43,413Average earning assets
$3,215Average equity
$38,848Average loans
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