Mt. Erie State Bank in Mount Erie, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 15, 1998

Mt. Erie State Bank in Mount Erie, Illinois (IL)
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Mt. Erie State Bank - Overview

General
FDIC Certificate #: 10835
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank in Olney (#14567)
Federal Reserve ID: 300045
Date Established: January 01, 1912
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 6931
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: January 01, 1934
Last Structure Change Effective Date: May 15, 1998
Last Structure Change Process Date: June 01, 1998
Last Data Update: June 01, 1998
Data Source Date: April 05, 2012
Location
Address: Main Street, Mount Erie, IL 62446
County: Wayne
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: $15.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
7Total employees (full-time equivalent)
$15,563Total assets
$893Cash and due from depository institutions
$392Interest-bearing balances
$4,733Securities
$2,350Federal funds sold & reverse repurchase agreements
$7,296Net loans & leases
$160Loan loss allowance
$0Trading account assets
$97Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$194All other assets
$15,563Total liabilities and capital
$13,818Total liabilities
$13,583Total deposits
$12,606Interest-bearing deposits
$13,583Deposits held in domestic offices
0.00%% insured (estimated)
$150Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$85All other liabilities
$1,745Total equity capital
$1,745Total bank equity capital
$1,745Perpetual preferred stock
$0Common stock
$360Surplus
$360Undivided profits
Memoranda
$1,025Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$104Earning assets
$0Long-term assets (5+ years)
$126Average Assets, year-to-date
$14,771Average Assets, quarterly
$2,219Volatile liabilities
$15,451Insider loans
$15,422FHLB advances
$2,013Loans and leases held for sale
$97Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$636Total unused commitments
$0Restructured Loans and leases
$8,434Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$1,134Total interest income
$617Total interest expense
$517Net interest income
$0Provision for loan and lease losses
$64Total noninterest income
$0Fiduciary activities
$53Service charges on deposit accounts
$0Trading account gains & fees
$11Additional noninterest income
$388Total noninterest expense
$219Salaries and employee benefits
$23Premises and equipment expense
$146Additional noninterest expense
$193Pre-tax net operating income
-$70Securities gains (losses)
$18Applicable income taxes
$105Income before extraordinary items
$0Extraordinary gains - net
$105Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$45Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.71%Yield on earning assets
4.20%Cost of funding earning assets
3.52%Net interest margin
0.44%Noninterest income to earning assets
2.64%Noninterest expense to earning assets
1.06%Net operating income to assets
0.68%Return on assets (ROA)
0.80%Pretax return on assets
6.37%Return on equity (ROE)
6.37%Retained earnings to average equity (YTD only)
-0.60%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,781Assets per employee
2.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.15%Loss allowance to noncurrent loans
153.85%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
1.39%Net loans and leases to deposits
53.71%Net loans and leases to core deposits
62.25%Equity capital to assets
11.21%Core capital (leverage) ratio
11.09%Tier 1 risk-based capital ratio
20.87%Total risk-based capital ratio
Memoranda
$22Average assets
$15,451Average earning assets
$1,647Average equity
$14,703Average loans

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