Galatia Community State Bank in Galatia, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 27, 1995

Galatia Community State Bank in Galatia, Illinois (IL)
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Galatia Community State Bank - Overview

General
FDIC Certificate #: 20669
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community National Bank (#3813)
Federal Reserve ID: 163147
Date Established: May 01, 1972
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 14268
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: May 01, 1972
Last Structure Change Effective Date: October 27, 1995
Last Structure Change Process Date: December 07, 1995
Last Data Update: December 07, 1995
Data Source Date: April 05, 2012
Location
Address: Main Street And State Highway 34, Galatia, IL 62935
County: Saline
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): Harrisburg, IL (#25380)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $24.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$14Total assets
$22,010Cash and due from depository institutions
$1,177Interest-bearing balances
$78Securities
$8,889Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$11,317Loan loss allowance
$128Trading account assets
$0Bank premises and fixed assets
$273Other real estate owned
$0Goodwill and other intangibles
$354Life insurance assets
$0All other assets
$0Total liabilities and capital
$22,010Total liabilities
$20,207Total deposits
$20,096Interest-bearing deposits
$16,967Deposits held in domestic offices
20096.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$111Total equity capital
$111Total bank equity capital
$1,803Perpetual preferred stock
$0Common stock
$160Surplus
$840Undivided profits
Memoranda
$803Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5Income earned, not collected on loans
$141Earning assets
$20,284Long-term assets (5+ years)
$1,048Average Assets, year-to-date
$22,062Average Assets, quarterly
$22,174Volatile liabilities
$622Insider loans
$186FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$605Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,899Total risk weighted assets
$11,398Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,546Total interest expense
$525Net interest income
$1,021Provision for loan and lease losses
$12Total noninterest income
$113Fiduciary activities
$0Service charges on deposit accounts
$78Trading account gains & fees
$0Additional noninterest income
$35Total noninterest expense
$690Salaries and employee benefits
$306Premises and equipment expense
$84Additional noninterest expense
$300Pre-tax net operating income
$432Securities gains (losses)
$0Applicable income taxes
$124Income before extraordinary items
$308Extraordinary gains - net
$0Net income attributable to bank
$308Net charge-offs
$19Cash dividends
$80Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.66%Cost of funding earning assets
2.60%Net interest margin
5.06%Noninterest income to earning assets
0.56%Noninterest expense to earning assets
3.42%Net operating income to assets
1.40%Return on assets (ROA)
1.40%Pretax return on assets
1.96%Return on equity (ROE)
17.80%Retained earnings to average equity (YTD only)
13.17%Net charge-offs to loans
0.18%Credit loss provision to net charge-offs
63.16%Efficiency ratio
60,847Assets per employee
1.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
25.97%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
2560.00%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.04%Net loans and leases to deposits
56.31%Net loans and leases to core deposits
58.11%Equity capital to assets
8.19%Core capital (leverage) ratio
8.40%Tier 1 risk-based capital ratio
16.66%Total risk-based capital ratio
Memoranda
$18Average assets
$22,062Average earning assets
$1,731Average equity
$20,192Average loans

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