Heart of Illinois Bank, F.S.B. in Spring Valley, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 07, 1994

Heart of Illinois Bank, F.S.B. in Spring Valley, Illinois (IL)
Show street view No street view available for this location

Heart of Illinois Bank, F.S.B. - Overview

General
FDIC Certificate #: 31305
Status: Inactive
Closing history: Corrections
Acquiring institution: Citizens First National Bank (#3731)
Federal Reserve ID: 318170
Date Established: January 01, 1961
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 6697
FDIC's unique #: 44139
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: Febuary 05, 1962
Last Structure Change Effective Date: January 07, 1994
Last Structure Change Process Date: Febuary 24, 1994
Last Data Update: Febuary 24, 1994
Data Source Date: April 05, 2012
Location
Address: 100 East Dakota Street, Spring Valley, IL 61362
County: Bureau
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
Core Based Statistical Area (CBSA): Ottawa-Streator, IL (#36860)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $70.2 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$29Total assets
$70,178Cash and due from depository institutions
$3,621Interest-bearing balances
$3,039Securities
$26,330Federal funds sold & reverse repurchase agreements
$2,000Net loans & leases
$35,453Loan loss allowance
$270Trading account assets
$0Bank premises and fixed assets
$1,054Other real estate owned
$29Goodwill and other intangibles
$1,285Life insurance assets
$406All other assets
$0Total liabilities and capital
$70,178Total liabilities
$64,312Total deposits
$63,991Interest-bearing deposits
$63,991Deposits held in domestic offices
63991.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$321Total equity capital
$321Total bank equity capital
$5,866Perpetual preferred stock
$0Common stock
$105Surplus
$4,189Undivided profits
Memoranda
$1,572Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$107Income earned, not collected on loans
$185Earning assets
$66,822Long-term assets (5+ years)
$0Average Assets, year-to-date
$76,981Average Assets, quarterly
$71,860Volatile liabilities
$2,251Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$908Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,460Total risk weighted assets
$26,491Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$5,685Total interest expense
$3,000Net interest income
$2,685Provision for loan and lease losses
-$3Total noninterest income
$314Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$314Total noninterest expense
$1,809Salaries and employee benefits
$764Premises and equipment expense
$267Additional noninterest expense
$778Pre-tax net operating income
$1,193Securities gains (losses)
$1,039Applicable income taxes
$953Income before extraordinary items
$1,279Extraordinary gains - net
$0Net income attributable to bank
$1,279Net charge-offs
-$8Cash dividends
$668Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.76%Cost of funding earning assets
4.10%Net interest margin
3.67%Noninterest income to earning assets
0.43%Noninterest expense to earning assets
2.47%Net operating income to assets
0.80%Return on assets (ROA)
1.66%Pretax return on assets
2.90%Return on equity (ROE)
22.90%Retained earnings to average equity (YTD only)
10.94%Net charge-offs to loans
-0.03%Credit loss provision to net charge-offs
37.50%Efficiency ratio
57,653Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.23%Loss allowance to loans
0.76%Loss allowance to noncurrent loans
252.34%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.30%Net loans and leases to deposits
55.40%Net loans and leases to core deposits
57.42%Equity capital to assets
8.36%Core capital (leverage) ratio
7.83%Tier 1 risk-based capital ratio
20.61%Total risk-based capital ratio
Memoranda
$22Average assets
$76,981Average earning assets
$5,584Average equity
$73,238Average loans

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 Heart of Illinois Bank, F.S.B..
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.