Mt. Morris Savings and Loan Association - Overview
General
FDIC Certificate #: 28926 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sterling Federal Bank, F.S.B. (#27664) Federal Reserve ID: 709974 Date Established: January 01, 1926 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2634 FDIC's unique #: 41760 Numeric code: 36 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 20, 1953 Last Structure Change Effective Date: November 30, 2007 Last Structure Change Process Date: December 04, 2007 Last Data Update: December 04, 2007 Data Source Date: April 05, 2012
Location
Address: 18 W Main St, Mount Morris, IL 61054 County: Ogle Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Princeton Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Rockford, IL (#6880) Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466) Core Based Statistical Area (CBSA): Rochelle, IL (#40300) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $45.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
14Total employees (full-time equivalent)
$51,243Total assets
$1,909Cash and due from depository institutions
$415Interest-bearing balances
$7,404Securities
$0Federal funds sold & reverse repurchase agreements
$38,791Net loans & leases
$143Loan loss allowance
$0Trading account assets
$341Bank premises and fixed assets
$0Other real estate owned
$177Goodwill and other intangibles
$0Life insurance assets
$2,621All other assets
$51,243Total liabilities and capital
$48,756Total liabilities
$39,884Total deposits
$37,937Interest-bearing deposits
$39,884Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,500Other borrowed funds
$0Subordinated debt
$372All other liabilities
$2,487Total equity capital
$2,487Total bank equity capital
$2,487Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$2,487Noncurrent loans and leases
$2,945Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$182Earning assets
$0Long-term assets (5+ years)
$246Average Assets, year-to-date
$46,610Average Assets, quarterly
$0Volatile liabilities
$50,661Insider loans
$51,301FHLB advances
$13,519Loans and leases held for sale
$583Unused loan commitments
$8,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,945Total unused commitments
$0Restructured Loans and leases
$143Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$2,732Total interest income
$1,691Total interest expense
$1,041Net interest income
$437Provision for loan and lease losses
$325Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$325Additional noninterest income
$1,514Total noninterest expense
$650Salaries and employee benefits
$493Premises and equipment expense
$371Additional noninterest expense
-$585Pre-tax net operating income
$30Securities gains (losses)
-$215Applicable income taxes
-$340Income before extraordinary items
$0Extraordinary gains - net
-$340Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$412Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.04%Yield on earning assets
3.74%Cost of funding earning assets
2.30%Net interest margin
0.72%Noninterest income to earning assets
3.35%Noninterest expense to earning assets
-0.71%Net operating income to assets
-0.67%Return on assets (ROA)
-1.10%Pretax return on assets
-12.31%Return on equity (ROE)
-12.31%Retained earnings to average equity (YTD only)
1.11%Net charge-offs to loans
106.07%Credit loss provision to net charge-offs
-0.36%Efficiency ratio
110,835Assets per employee
3.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.37%Loss allowance to noncurrent loans
78.57%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.47%Net loans and leases to deposits
97.26%Net loans and leases to core deposits
111.26%Equity capital to assets
4.85%Core capital (leverage) ratio
4.85%Tier 1 risk-based capital ratio
7.05%Total risk-based capital ratio
Memoranda
$8Average assets
$50,661Average earning assets
$2,763Average equity
$45,261Average loans
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