FDIC Certificate #: 11741 Status: Active Federal Reserve ID: 927134 Bank Holding Company (Regulatory Top Holder): High Point Financial Services, Inc. (RSSDID: 1916948, Location: Forreston, IL) Date Established: January 01, 1887 WWW:http://www.fsbil.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14503 FDIC's unique #: 7509 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 200 Main Street, Forreston, IL 61030 County: Ogle 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 Metropolitan Statistical Area (MSA): Rockford, IL (#6880) Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466) Core Based Statistical Area (CBSA): Rochelle, IL (#40300) CBSA Micro Statistical Area: Yes
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $94.8 mil Equity capital: $12.0 mil Deposits held in domestic offices: $82.7 mil Return on assets (ROA): 1.06% ($1.0 mil) Quarterly return on assets: 1.22% ($1.2 mil) Return on Equity (ROE): 9.12% ($1.1 mil) Quarterly return on equity: 9.80% ($1.2 mil) Net income: $1.1 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.07% ($1,014.7 mil) Quarterly Pretax return on assets: 1.19% ($1,128.5 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
15Total employees (full-time equivalent)
$94,834Total assets
$4,157Cash and due from depository institutions
$2,500Interest-bearing balances
$15,717Securities
$1,564Federal funds sold & reverse repurchase agreements
$67,291Net loans & leases
$653Loan loss allowance
$0Trading account assets
$266Bank premises and fixed assets
$2,656Other real estate owned
$0Goodwill and other intangibles
$94,833Life insurance assets
$3,183All other assets
$82,807Total liabilities and capital
$82,658Total liabilities
$72,751Total deposits
$82,658Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$149Subordinated debt
$12,026All other liabilities
$12,026Total equity capital
$12,026Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$6,490Surplus
$5,336Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,439Income earned, not collected on loans
$0Earning assets
$1,425Long-term assets (5+ years)
$87,072Average Assets, year-to-date
$19,876Average Assets, quarterly
$99,027Volatile liabilities
$95,379Insider loans
$81,387FHLB advances
$96,055Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$12,327Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$15,262Restructured Loans and leases
$356Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,638Total interest income
$871Total interest expense
$3,767Net interest income
$275Provision for loan and lease losses
$242Total noninterest income
$0Fiduciary activities
$61Service charges on deposit accounts
$0Trading account gains & fees
$181Additional noninterest income
$2,638Total noninterest expense
$947Salaries and employee benefits
$200Premises and equipment expense
$1,491Additional noninterest expense
$1,096Pre-tax net operating income
-$38Securities gains (losses)
$4Applicable income taxes
$1,054Income before extraordinary items
$0Extraordinary gains - net
$1,054Net income attributable to bank
$0Net charge-offs
$1,054Cash dividends
$359Sale, conversion, retirement of capital stock, net
$80Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.11%Yield on earning assets
0.96%Cost of funding earning assets
4.15%Net interest margin
0.27%Noninterest income to earning assets
2.91%Noninterest expense to earning assets
1.10%Net operating income to assets
1.06%Return on assets (ROA)
1.07%Pretax return on assets
9.12%Return on equity (ROE)
8.43%Retained earnings to average equity (YTD only)
0.50%Net charge-offs to loans
76.60%Credit loss provision to net charge-offs
3.82%Efficiency ratio
65,802Assets per employee
6.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
7.59%Loss allowance to loans
0.96%Loss allowance to noncurrent loans
45.38%Noncurrent assets plus other real estate owned to assets
4.32%Noncurrent loans to loans
2.12%Net loans and leases to deposits
81.41%Net loans and leases to core deposits
86.38%Equity capital to assets
12.68%Core capital (leverage) ratio
12.83%Tier 1 risk-based capital ratio
15.15%Total risk-based capital ratio
Memoranda
$16Average assets
$99,027Average earning assets
$11,553Average equity
$90,712Average loans
List of branches
1 Illinois Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
7509
Forreston State Bank
200 Main Street, Forreston, IL 61030
January 01, 1887
Full Service Brick and Mortar
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 Forreston State Bank.
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.
Comment about this bank, ask questions, or add new information about it: