FDIC Certificate #: 34013 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:MidCountry Bank (#28865) Federal Reserve ID: 2301840 Date Established: May 12, 1995 WWW:http://www.southpointebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) OTS Docket #: 15640 FDIC's unique #: 55591 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: May 12, 1995 Last Structure Change Effective Date: November 03, 2006 Last Structure Change Process Date: December 06, 2006 Last Data Update: December 06, 2006 Data Source Date: April 05, 2012
Location
Address: 2611 Blue Heron Drive, Marion, IL 62959 County: Williamson 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 Combined Statistical Area (CSA): Carbondale-Marion-Herrin, IL (#166) Core Based Statistical Area (CBSA): Marion-Herrin, IL (#32060) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $203.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
65Total employees (full-time equivalent)
$204,882Total assets
$3,962Cash and due from depository institutions
$42Interest-bearing balances
$35,373Securities
$1,703Federal funds sold & reverse repurchase agreements
$144,163Net loans & leases
$1,839Loan loss allowance
$0Trading account assets
$10,424Bank premises and fixed assets
$529Other real estate owned
$696Goodwill and other intangibles
$0Life insurance assets
$8,032All other assets
$204,882Total liabilities and capital
$189,859Total liabilities
$169,762Total deposits
$157,295Interest-bearing deposits
$169,762Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$19,000Other borrowed funds
$0Subordinated debt
$1,097All other liabilities
$15,023Total equity capital
$15,023Total bank equity capital
$15,023Perpetual preferred stock
$0Common stock
$1,200Surplus
$9,510Undivided profits
Memoranda
$4,313Noncurrent loans and leases
$10,199Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,483Earning assets
$0Long-term assets (5+ years)
$884Average Assets, year-to-date
$181,281Average Assets, quarterly
$44,548Volatile liabilities
$204,282Insider loans
$206,297FHLB advances
$27,349Loans and leases held for sale
$1,039Unused loan commitments
$19,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,199Total unused commitments
$0Restructured Loans and leases
$1,779Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$11,008Total interest income
$4,677Total interest expense
$6,331Net interest income
$1,533Provision for loan and lease losses
$1,297Total noninterest income
$0Fiduciary activities
$681Service charges on deposit accounts
$0Trading account gains & fees
$616Additional noninterest income
$6,120Total noninterest expense
$3,144Salaries and employee benefits
$943Premises and equipment expense
$2,033Additional noninterest expense
-$25Pre-tax net operating income
-$5Securities gains (losses)
-$196Applicable income taxes
$166Income before extraordinary items
$0Extraordinary gains - net
$166Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,460Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.06%Yield on earning assets
2.57%Cost of funding earning assets
3.48%Net interest margin
0.71%Noninterest income to earning assets
3.37%Noninterest expense to earning assets
0.08%Net operating income to assets
0.08%Return on assets (ROA)
-0.01%Pretax return on assets
1.08%Return on equity (ROE)
1.08%Retained earnings to average equity (YTD only)
1.09%Net charge-offs to loans
105.00%Credit loss provision to net charge-offs
1.03%Efficiency ratio
77,386Assets per employee
3.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
74.06%Noncurrent assets plus other real estate owned to assets
1.47%Noncurrent loans to loans
1.70%Net loans and leases to deposits
84.92%Net loans and leases to core deposits
98.87%Equity capital to assets
7.33%Core capital (leverage) ratio
7.22%Tier 1 risk-based capital ratio
10.46%Total risk-based capital ratio
Memoranda
$12Average assets
$204,282Average earning assets
$15,335Average equity
$181,782Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with South Pointe Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: