FDIC Certificate #: 18419 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Southeast National Bank (#35109) Federal Reserve ID: 955548 Date Established: July 11, 1961 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 9523 FDIC's unique #: 12325 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: July 11, 1961 Last Structure Change Effective Date: December 17, 1999 Last Structure Change Process Date: January 14, 2000 Last Data Update: January 14, 2000 Data Source Date: April 05, 2012
Location
Address: 3535 23rd Avenue, Moline, IL 61265 County: Rock Island 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): Davenport-Moline-Rock Island, IA-IL (#1960) Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340) CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
Financial Summary
Total assets: $125.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
45Total employees (full-time equivalent)
$124,586Total assets
$4,292Cash and due from depository institutions
$0Interest-bearing balances
$60,216Securities
$2,600Federal funds sold & reverse repurchase agreements
$54,316Net loans & leases
$582Loan loss allowance
$0Trading account assets
$1,584Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,578All other assets
$124,586Total liabilities and capital
$111,372Total liabilities
$96,626Total deposits
$79,449Interest-bearing deposits
$96,626Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$13,979Other borrowed funds
$0Subordinated debt
$767All other liabilities
$13,214Total equity capital
$13,214Total bank equity capital
$13,214Perpetual preferred stock
$0Common stock
$800Surplus
$1,000Undivided profits
Memoranda
$11,414Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$315Average Assets, year-to-date
$117,132Average Assets, quarterly
$64,153Volatile liabilities
$122,364Insider loans
$123,385FHLB advances
$5,907Loans and leases held for sale
$3,904Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,280Total unused commitments
$0Restructured Loans and leases
$58,454Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$8,338Total interest income
$4,032Total interest expense
$4,306Net interest income
$34Provision for loan and lease losses
$444Total noninterest income
$0Fiduciary activities
$217Service charges on deposit accounts
$0Trading account gains & fees
$227Additional noninterest income
$2,839Total noninterest expense
$1,611Salaries and employee benefits
$477Premises and equipment expense
$751Additional noninterest expense
$1,877Pre-tax net operating income
$11Securities gains (losses)
$215Applicable income taxes
$1,673Income before extraordinary items
$0Extraordinary gains - net
$1,673Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$17Sale, conversion, retirement of capital stock, net
$1,020Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.34%Yield on earning assets
3.55%Cost of funding earning assets
3.79%Net interest margin
0.39%Noninterest income to earning assets
2.50%Noninterest expense to earning assets
1.36%Net operating income to assets
1.37%Return on assets (ROA)
1.54%Pretax return on assets
12.96%Return on equity (ROE)
5.06%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
200.00%Credit loss provision to net charge-offs
112.41%Efficiency ratio
59,768Assets per employee
2.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.97%Loss allowance to loans
1.06%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
56.21%Net loans and leases to core deposits
58.30%Equity capital to assets
10.61%Core capital (leverage) ratio
10.26%Tier 1 risk-based capital ratio
21.64%Total risk-based capital ratio
Memoranda
$23Average assets
$122,364Average earning assets
$12,909Average equity
$113,558Average loans
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