MainSource Bank of Illinois in Kankakee, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 13, 2009

  • MainSource Bank of Illinois in Kankakee, Illinois (IL)
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MainSource Bank of Illinois - Overview

  • General
  • FDIC Certificate #: 18630
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: MainSource Bank (#5766)
    Federal Reserve ID: 359847
    Date Established: November 13, 1962
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    OTS Docket #: 10078
    FDIC's unique #: 12515
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 13, 1962
    Last Structure Change Effective Date: November 13, 2009
    Last Structure Change Process Date: November 23, 2009
    Last Data Update: November 23, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2000 West Court Street, Kankakee, IL 60901
    County: Kankakee
    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
    Metropolitan Statistical Area (MSA): Kankakee, IL (#3740)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Kankakee-Bradley, IL (#28100)
    CBSA Metro Statistical Area: Kankakee-Bradley, IL (#28100)
  • Financial Summary
  • Total assets: $212.1 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, 2008)

  • Dollar figures in thousands
  • 56Total employees (full-time equivalent)
  • $201,412Total assets
  • $5,015Cash and due from depository institutions
  • $71Interest-bearing balances
  • $63,384Securities
  • $381Federal funds sold & reverse repurchase agreements
  • $119,714Net loans & leases
  • $2,319Loan loss allowance
  • $0Trading account assets
  • $2,540Bank premises and fixed assets
  • $155Other real estate owned
  • $3,154Goodwill and other intangibles
  • $3,278Life insurance assets
  • $7,069All other assets
  • $201,412Total liabilities and capital
  • $184,912Total liabilities
  • $175,219Total deposits
  • $150,604Interest-bearing deposits
  • $175,219Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $7,285Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,408All other liabilities
  • $16,500Total equity capital
  • $16,500Total bank equity capital
  • $16,500Perpetual preferred stock
  • $0Common stock
  • $704Surplus
  • $14,626Undivided profits
  • Memoranda
  • $1,170Noncurrent loans and leases
  • $72,062Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,617Earning assets
  • $0Long-term assets (5+ years)
  • $1,257Average Assets, year-to-date
  • $183,550Average Assets, quarterly
  • $74,262Volatile liabilities
  • $200,138Insider loans
  • $200,258FHLB advances
  • $28,006Loans and leases held for sale
  • $5,133Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $594Total risk weighted assets
  • $72,062Total unused commitments
  • $0Restructured Loans and leases
  • $1,676Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $10,959Total interest income
  • $3,980Total interest expense
  • $6,979Net interest income
  • $1,804Provision for loan and lease losses
  • $1,999Total noninterest income
  • $0Fiduciary activities
  • $1,436Service charges on deposit accounts
  • $0Trading account gains & fees
  • $563Additional noninterest income
  • $5,243Total noninterest expense
  • $2,674Salaries and employee benefits
  • $616Premises and equipment expense
  • $1,953Additional noninterest expense
  • $1,931Pre-tax net operating income
  • $197Securities gains (losses)
  • $449Applicable income taxes
  • $1,679Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,679Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $732Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.03%Yield on earning assets
  • 2.19%Cost of funding earning assets
  • 3.84%Net interest margin
  • 1.10%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 10.19%Return on equity (ROE)
  • 2.91%Retained earnings to average equity (YTD only)
  • 0.63%Net charge-offs to loans
  • 246.45%Credit loss provision to net charge-offs
  • 5.10%Efficiency ratio
  • 57,407Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.47%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 88.61%Noncurrent assets plus other real estate owned to assets
  • 1.38%Noncurrent loans to loans
  • 2.14%Net loans and leases to deposits
  • 68.32%Net loans and leases to core deposits
  • 77.49%Equity capital to assets
  • 8.19%Core capital (leverage) ratio
  • 6.55%Tier 1 risk-based capital ratio
  • 9.81%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $200,138Average earning assets
  • $16,477Average equity
  • $181,800Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $21,232Managed Assets
  • 1Number of Accounts
  • $18,634Personal trust and agency accounts
  • $13,002Employee benefit-defined contribution accounts
  • $1,755Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $3,877Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 82Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,598Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,598Fiduciary accounts held in foreign offices

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