Iroquois Federal Savings and Loan Association in Watseka, Illinois (IL), MO
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Iroquois Federal Savings and Loan Association in Watseka, Illinois (IL), MO
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Iroquois Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 29675
    Status: Active
    Federal Reserve ID: 403870
    Date Established: January 01, 1883
    WWW: http://www.iroquoisfed.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: Yes)
    OTS Docket #: 3870
    FDIC's unique #: 42509
    Numeric code: 37
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: September 02, 1936
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 E Cherry St, Watseka, IL 60970
    County: Iroquois
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Champaign
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $482.6 mil
    Equity capital: $61.3 mil
    Deposits held in domestic offices: $352.4 mil
    Return on assets (ROA): 0.60% ($2.9 mil)
    Quarterly return on assets: 0.84% ($4.1 mil)
    Return on Equity (ROE): 5.84% ($3.6 mil)
    Quarterly return on equity: 6.65% ($4.1 mil)
    Net income: $2.7 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 0.93% ($4,488.6 mil)
    Quarterly Pretax return on assets: 1.32% ($6,370.9 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
  • 89Total employees (full-time equivalent)
  • $482,646Total assets
  • $15,668Cash and due from depository institutions
  • $9,371Interest-bearing balances
  • $199,160Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $247,946Net loans & leases
  • $2,294Loan loss allowance
  • $0Trading account assets
  • $4,404Bank premises and fixed assets
  • $784Other real estate owned
  • $307Goodwill and other intangibles
  • $482,646Life insurance assets
  • $14,377All other assets
  • $421,368Total liabilities and capital
  • $352,400Total liabilities
  • $323,801Total deposits
  • $352,400Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $64,275Trading liabilities
  • $0Other borrowed funds
  • $4,693Subordinated debt
  • $61,278All other liabilities
  • $61,278Total equity capital
  • $61,278Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $21,631Surplus
  • $39,646Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,904Income earned, not collected on loans
  • $0Earning assets
  • $1,619Long-term assets (5+ years)
  • $456,477Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $457,357Volatile liabilities
  • $480,326Insider loans
  • $238,053FHLB advances
  • $475,403Loans and leases held for sale
  • $7,367Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $55,971Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,902Restructured Loans and leases
  • $6,331Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,419Total interest income
  • $4,333Total interest expense
  • $13,086Net interest income
  • $1,060Provision for loan and lease losses
  • $3,084Total noninterest income
  • $0Fiduciary activities
  • $485Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,599Additional noninterest income
  • $11,031Total noninterest expense
  • $6,885Salaries and employee benefits
  • $1,171Premises and equipment expense
  • $2,975Additional noninterest expense
  • $4,079Pre-tax net operating income
  • $170Securities gains (losses)
  • $1,506Applicable income taxes
  • $2,743Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,743Net income attributable to bank
  • $0Net charge-offs
  • $2,743Cash dividends
  • $790Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.04%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 3.04%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • 0.58%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 5.84%Return on equity (ROE)
  • 5.84%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 134.18%Credit loss provision to net charge-offs
  • 6.51%Efficiency ratio
  • 68,219Assets per employee
  • 5.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 38.86%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 2.36%Net loans and leases to deposits
  • 70.36%Net loans and leases to core deposits
  • 76.82%Equity capital to assets
  • 12.70%Core capital (leverage) ratio
  • 11.94%Tier 1 risk-based capital ratio
  • 23.51%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $457,357Average earning assets
  • $46,982Average equity
  • $431,006Average loans

List of branches

  • 4 Illinois Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    042509Iroquois Federal Savings And Loan As201 E Cherry St, Watseka, IL 60970January 01, 1883Full Service Brick and Mortar
    1276751619 N Gilbert Branch619 North Gilbert, Danville, IL 61832January 01, 1883Full Service Brick and Mortar
    100276752175 E 4th Ave Branch175 East 4th Avenue, Clifton, IL 60927January 01, 1883Full Service Brick and Mortar
    101276753511 S Chicago Rd Branch511 South Chicago Road, Hoopeston, IL 60942January 01, 1883Full Service Brick and Mortar
  • 1 Missouri Branch as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    1034955123535 Highway 54, Suite 3033535 Highway 54, Suite 303, Osage Beach, MO 65065July 01, 2008Limited Service Loan Production

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