Security Bank and Trust Co. in Mount Carmel, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 23, 1998

Security Bank and Trust Co. in Mount Carmel, Illinois (IL)
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Security Bank and Trust Co. - Overview

General
FDIC Certificate #: 15433
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Old National Bank (#4393)
Federal Reserve ID: 236041
Date Established: November 18, 1936
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 9747
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: November 18, 1936
Last Structure Change Effective Date: October 23, 1998
Last Structure Change Process Date: December 07, 1998
Last Data Update: December 07, 1998
Data Source Date: April 05, 2012
Location
Address: 400 Market Street, Mount Carmel, IL 62863
County: Wabash
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: $113.1 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
38Total employees (full-time equivalent)
$113,843Total assets
$1,849Cash and due from depository institutions
$0Interest-bearing balances
$31,718Securities
$0Federal funds sold & reverse repurchase agreements
$77,045Net loans & leases
$1,632Loan loss allowance
$0Trading account assets
$991Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,240All other assets
$113,843Total liabilities and capital
$103,008Total liabilities
$100,627Total deposits
$93,753Interest-bearing deposits
$100,627Deposits held in domestic offices
0.00%% insured (estimated)
$773Federal funds purchased & repurchase agreements
$0Trading liabilities
$395Other borrowed funds
$0Subordinated debt
$1,213All other liabilities
$10,835Total equity capital
$10,835Total bank equity capital
$10,835Perpetual preferred stock
$0Common stock
$1,127Surplus
$6,373Undivided profits
Memoranda
$3,335Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$968Earning assets
$0Long-term assets (5+ years)
$1,002Average Assets, year-to-date
$108,763Average Assets, quarterly
$28,057Volatile liabilities
$116,330Insider loans
$114,530FHLB advances
$16,158Loans and leases held for sale
$2,114Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,887Total unused commitments
$0Restructured Loans and leases
$80,782Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$9,133Total interest income
$4,496Total interest expense
$4,637Net interest income
$0Provision for loan and lease losses
$477Total noninterest income
$101Fiduciary activities
$185Service charges on deposit accounts
$0Trading account gains & fees
$191Additional noninterest income
$2,835Total noninterest expense
$1,509Salaries and employee benefits
$269Premises and equipment expense
$1,057Additional noninterest expense
$2,279Pre-tax net operating income
$0Securities gains (losses)
$631Applicable income taxes
$1,648Income before extraordinary items
$0Extraordinary gains - net
$1,648Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$406Sale, conversion, retirement of capital stock, net
$2,520Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.26%Yield on earning assets
4.07%Cost of funding earning assets
4.19%Net interest margin
0.43%Noninterest income to earning assets
2.56%Noninterest expense to earning assets
1.42%Net operating income to assets
1.42%Return on assets (ROA)
1.96%Pretax return on assets
15.05%Return on equity (ROE)
-7.96%Retained earnings to average equity (YTD only)
0.50%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
5.61%Efficiency ratio
55,436Assets per employee
3.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
152.91%Loss allowance to loans
2.07%Loss allowance to noncurrent loans
168.60%Noncurrent assets plus other real estate owned to assets
0.85%Noncurrent loans to loans
1.23%Net loans and leases to deposits
76.56%Net loans and leases to core deposits
89.97%Equity capital to assets
9.52%Core capital (leverage) ratio
9.19%Tier 1 risk-based capital ratio
13.03%Total risk-based capital ratio
Memoranda
$14Average assets
$116,330Average earning assets
$10,950Average equity
$110,573Average loans

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