King City Federal Savings Bank in Mount Vernon, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 23, 1995

King City Federal Savings Bank in Mount Vernon, Illinois (IL)
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King City Federal Savings Bank - Overview

General
FDIC Certificate #: 29007
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Citizens Bank of Illinois, National Association (#1043)
Federal Reserve ID: 942070
Date Established: January 01, 1914
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 2756
FDIC's unique #: 41841
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: April 19, 1937
Last Structure Change Effective Date: June 23, 1995
Last Structure Change Process Date: July 17, 1995
Last Data Update: July 17, 1995
Data Source Date: April 05, 2012
Location
Address: 117 N 10th St, Mount Vernon, IL 62864
County: Jefferson
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): Mount Vernon, IL (#34500)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $177.1 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)
$79Total assets
$172,739Cash and due from depository institutions
$5,699Interest-bearing balances
$4,507Securities
$36,675Federal funds sold & reverse repurchase agreements
$8,000Net loans & leases
$115,614Loan loss allowance
$1,796Trading account assets
$0Bank premises and fixed assets
$2,898Other real estate owned
$33Goodwill and other intangibles
$3,270Life insurance assets
$550All other assets
$0Total liabilities and capital
$172,739Total liabilities
$164,529Total deposits
$161,793Interest-bearing deposits
$159,663Deposits held in domestic offices
161793.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$2,736Total equity capital
$2,736Total bank equity capital
$8,210Perpetual preferred stock
$0Common stock
$566Surplus
$2,925Undivided profits
Memoranda
$4,719Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$336Income earned, not collected on loans
$544Earning assets
$164,796Long-term assets (5+ years)
$0Average Assets, year-to-date
$175,939Average Assets, quarterly
$174,523Volatile liabilities
$9,107Insider loans
$850FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$14,139Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,139Total risk weighted assets
$92,281Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$11,498Total interest expense
$6,539Net interest income
$4,959Provision for loan and lease losses
$805Total noninterest income
$981Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$981Total noninterest expense
$6,847Salaries and employee benefits
$2,964Premises and equipment expense
$1,231Additional noninterest expense
$2,652Pre-tax net operating income
-$1,712Securities gains (losses)
-$811Applicable income taxes
-$362Income before extraordinary items
-$2,161Extraordinary gains - net
$0Net income attributable to bank
-$2,161Net charge-offs
$478Cash dividends
$0Sale, conversion, retirement of capital stock, net
$77Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.87%Cost of funding earning assets
3.91%Net interest margin
2.96%Noninterest income to earning assets
0.59%Noninterest expense to earning assets
4.09%Net operating income to assets
-0.83%Return on assets (ROA)
-1.23%Pretax return on assets
-1.43%Return on equity (ROE)
-21.55%Retained earnings to average equity (YTD only)
-21.55%Net charge-offs to loans
0.42%Credit loss provision to net charge-offs
168.41%Efficiency ratio
112,879Assets per employee
2.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.53%Loss allowance to noncurrent loans
534.52%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.29%Net loans and leases to deposits
71.46%Net loans and leases to core deposits
75.72%Equity capital to assets
4.75%Core capital (leverage) ratio
4.71%Tier 1 risk-based capital ratio
8.82%Total risk-based capital ratio
Memoranda
$10Average assets
$175,939Average earning assets
$10,029Average equity
$167,312Average loans

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