Independent Bankers' Bank Bridge Bank, National Association
Independent Bankers' Bank Bridge Bank, National Association in Springfield, Illinois (IL) Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of January 13, 2010
Independent Bankers' Bank Bridge Bank, National Association in Springfield, Illinois (IL)
Independent Bankers' Bank Bridge Bank, National Association - Overview
General
FDIC Certificate #: 59021 Status: Inactive Closing history: Corrections Acquiring institution:TIB The Independent Bankersbank (#23647) Federal Reserve ID: 4031235 Date Established: December 18, 2009 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 499537 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: December 18, 2009 Last Structure Change Effective Date: January 13, 2010 Last Structure Change Process Date: Febuary 02, 2010 Last Data Update: Febuary 02, 2010 Data Source Date: April 05, 2012
Location
Address: 3161 West White Oaks Drive, Suite 300, Springfield, IL 62704 County: Sangamon Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Not Assigned Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Springfield, IL (#7880) Core Based Statistical Area (CBSA): Springfield, IL (#44100) CBSA Metro Statistical Area: Springfield, IL (#44100)
History of Changes
Bridge Bank Merger
Corrections
Financial Summary
Total assets: $269.4 mil
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
46Total employees (full-time equivalent)
$269,446Total assets
$56,223Cash and due from depository institutions
$324Interest-bearing balances
$153,063Securities
$56,090Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,070All other assets
$269,446Total liabilities and capital
$332,556Total liabilities
$284,551Total deposits
$21,468Interest-bearing deposits
$284,551Deposits held in domestic offices
23.23%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$47,800Other borrowed funds
$0Subordinated debt
$205All other liabilities
$-63,110Total equity capital
$-63,110Total bank equity capital
$-63,110Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$-63,110Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$603Average Assets, year-to-date
$209,477Average Assets, quarterly
$21,431Volatile liabilities
$269,446Insider loans
$269,446FHLB advances
$20,127Loans and leases held for sale
$0Unused loan commitments
$47,800Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$20Total interest income
$241Total interest expense
-$221Net interest income
$0Provision for loan and lease losses
$365Total noninterest income
$0Fiduciary activities
$125Service charges on deposit accounts
$0Trading account gains & fees
$240Additional noninterest income
$333Total noninterest expense
$182Salaries and employee benefits
$12Premises and equipment expense
$139Additional noninterest expense
-$189Pre-tax net operating income
$1,974Securities gains (losses)
$0Applicable income taxes
$1,785Income before extraordinary items
$0Extraordinary gains - net
$1,785Net income attributable to bank
$0Net charge-offs
$1,785Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.01%Yield on earning assets
0.12%Cost of funding earning assets
-0.11%Net interest margin
0.17%Noninterest income to earning assets
0.16%Noninterest expense to earning assets
-0.07%Net operating income to assets
0.66%Return on assets (ROA)
0.66%Pretax return on assets
-2.83%Return on equity (ROE)
-2.83%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
231,250Assets per employee
5.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
-23.42%Core capital (leverage) ratio
-15.32%Tier 1 risk-based capital ratio
-124.33%Total risk-based capital ratio
Memoranda
-$124Average assets
$269,446Average earning assets
-$63,110Average equity
$209,477Average loans
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Independent Bankers' Bank Bridge Bank, National Association
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