Magna Bank of Goreville in Goreville, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 17, 1995

Magna Bank of Goreville in Goreville, Illinois (IL)
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Magna Bank of Goreville - Overview

General
FDIC Certificate #: 18804
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Magna Bank of Illinois, National Association (#3784)
Federal Reserve ID: 1016549
Date Established: July 01, 1963
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 12665
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: July 01, 1963
Last Structure Change Effective Date: Febuary 17, 1995
Last Structure Change Process Date: March 07, 1995
Last Data Update: March 07, 1995
Data Source Date: April 05, 2012
Location
Address: Main Street, Goreville, IL 62939
County: Johnson
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
Financial Summary
Total assets: $65.6 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)
$10Total assets
$65,567Cash and due from depository institutions
$2,745Interest-bearing balances
$1,074Securities
$25,307Federal funds sold & reverse repurchase agreements
$2,900Net loans & leases
$32,508Loan loss allowance
$1,073Trading account assets
$0Bank premises and fixed assets
$1,020Other real estate owned
$61Goodwill and other intangibles
$1,026Life insurance assets
$0All other assets
$0Total liabilities and capital
$65,567Total liabilities
$57,593Total deposits
$57,348Interest-bearing deposits
$52,791Deposits held in domestic offices
57348.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$245Total equity capital
$245Total bank equity capital
$7,974Perpetual preferred stock
$0Common stock
$125Surplus
$3,150Undivided profits
Memoranda
$4,699Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,237Income earned, not collected on loans
$369Earning assets
$61,789Long-term assets (5+ years)
$8,359Average Assets, year-to-date
$65,692Average Assets, quarterly
$65,754Volatile liabilities
$5,792Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,432Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,974Total risk weighted assets
$33,745Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,641Total interest expense
$2,388Net interest income
$2,253Provision for loan and lease losses
$573Total noninterest income
$202Fiduciary activities
$0Service charges on deposit accounts
$68Trading account gains & fees
$0Additional noninterest income
$134Total noninterest expense
$1,219Salaries and employee benefits
$344Premises and equipment expense
$202Additional noninterest expense
$673Pre-tax net operating income
$663Securities gains (losses)
$8Applicable income taxes
$83Income before extraordinary items
$588Extraordinary gains - net
$0Net income attributable to bank
$588Net charge-offs
$364Cash dividends
$216Sale, 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
7.48%Cost of funding earning assets
3.85%Net interest margin
3.63%Noninterest income to earning assets
0.33%Noninterest expense to earning assets
1.97%Net operating income to assets
0.88%Return on assets (ROA)
0.90%Pretax return on assets
1.02%Return on equity (ROE)
7.51%Retained earnings to average equity (YTD only)
4.75%Net charge-offs to loans
1.06%Credit loss provision to net charge-offs
157.42%Efficiency ratio
49,654Assets per employee
6.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
36.73%Loss allowance to loans
3.20%Loss allowance to noncurrent loans
86.74%Noncurrent assets plus other real estate owned to assets
1.98%Noncurrent loans to loans
3.68%Net loans and leases to deposits
56.69%Net loans and leases to core deposits
63.05%Equity capital to assets
12.16%Core capital (leverage) ratio
12.28%Tier 1 risk-based capital ratio
23.63%Total risk-based capital ratio
Memoranda
$25Average assets
$65,692Average earning assets
$7,832Average equity
$62,013Average loans

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