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

This bank is inactive as of June 30, 1993

  • Magna Bank of Southern Illinois in Centralia, Illinois (IL)
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Magna Bank of Southern Illinois - Overview

  • General
  • FDIC Certificate #: 3779
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Magna Bank of Illinois, National Association (#3784)
    Federal Reserve ID: 620949
    Date Established: April 21, 1921
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Interstate: No)
    FDIC's unique #: 2442
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 30, 1993
    Last Structure Change Process Date: July 14, 1993
    Last Data Update: August 24, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 140 South Locust Street, Centralia, IL 62801
    County: Marion
    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): Centralia, IL (#16460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Consolidated - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $279.9 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $131Total assets
  • $287,657Cash and due from depository institutions
  • $10,050Interest-bearing balances
  • $0Securities
  • $103,302Federal funds sold & reverse repurchase agreements
  • $472Net loans & leases
  • $164,527Loan loss allowance
  • $2,279Trading account assets
  • $0Bank premises and fixed assets
  • $3,624Other real estate owned
  • $467Goodwill and other intangibles
  • $4,252Life insurance assets
  • $963All other assets
  • $0Total liabilities and capital
  • $287,657Total liabilities
  • $265,646Total deposits
  • $260,040Interest-bearing deposits
  • $235,732Deposits held in domestic offices
  • 260040.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $1,838Trading liabilities
  • $0Other borrowed funds
  • $559Subordinated debt
  • $0All other liabilities
  • $3,209Total equity capital
  • $3,209Total bank equity capital
  • $22,011Perpetual preferred stock
  • $0Common stock
  • $2,312Surplus
  • $15,407Undivided profits
  • Memoranda
  • $4,292Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,457Income earned, not collected on loans
  • $1,060Earning assets
  • $268,301Long-term assets (5+ years)
  • $50,766Average Assets, year-to-date
  • $296,284Average Assets, quarterly
  • $288,735Volatile liabilities
  • $11,134Insider loans
  • $879FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $7,087Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $21,048Total risk weighted assets
  • $168,394Total unused commitments
  • $0Restructured Loans and leases
  • $9,000Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $23,225Total interest expense
  • $11,201Net interest income
  • $12,024Provision for loan and lease losses
  • $538Total noninterest income
  • $1,411Fiduciary activities
  • $0Service charges on deposit accounts
  • $964Trading account gains & fees
  • $0Additional noninterest income
  • $447Total noninterest expense
  • $8,164Salaries and employee benefits
  • $3,310Premises and equipment expense
  • $982Additional noninterest expense
  • $3,872Pre-tax net operating income
  • $4,733Securities gains (losses)
  • $402Applicable income taxes
  • $1,412Income before extraordinary items
  • $3,723Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,723Net charge-offs
  • $603Cash dividends
  • $6,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.33%Cost of funding earning assets
  • 4.02%Net interest margin
  • 4.31%Noninterest income to earning assets
  • 0.51%Noninterest expense to earning assets
  • 2.93%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 1.73%Return on equity (ROE)
  • 15.72%Retained earnings to average equity (YTD only)
  • -9.61%Net charge-offs to loans
  • 0.36%Credit loss provision to net charge-offs
  • 89.22%Efficiency ratio
  • 59,829Assets per employee
  • 2.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 161.16%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 92.76%Noncurrent assets plus other real estate owned to assets
  • 1.02%Noncurrent loans to loans
  • 1.47%Net loans and leases to deposits
  • 63.27%Net loans and leases to core deposits
  • 65.62%Equity capital to assets
  • 7.65%Core capital (leverage) ratio
  • 7.24%Tier 1 risk-based capital ratio
  • 12.50%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $296,284Average earning assets
  • $23,688Average equity
  • $278,792Average loans

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