State Bank in city_name, state_name - Detailed Financial Reports, Location

State Bank in Freeport, Illinois (IL)
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State Bank - Overview

General
FDIC Certificate #: 35169
Status: Active
Federal Reserve ID: 2791517
Bank Holding Company (Regulatory Top Holder): Foresight Financial Group, Inc. (RSSDID: 1137453, Location: Rockford, IL)
Date Established: May 24, 1999
WWW: http://www.statebankfreeport.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 75642
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: May 24, 1999
Last Structure Change Effective Date: December 26, 2006
Last Structure Change Process Date: January 10, 2007
Last Data Update: January 10, 2007
Data Source Date: April 05, 2012
Location
Address: 1718 South Dirck Drive, Freeport, IL 61032
County: Stephenson
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
Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
Core Based Statistical Area (CBSA): Freeport, IL (#23300)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $217.4 mil
Equity capital: $20.4 mil
Deposits held in domestic offices: $176.1 mil
Return on assets (ROA): 1.34% ($2.9 mil)
Quarterly return on assets: 1.41% ($3.1 mil)
Return on Equity (ROE): 14.89% ($3.0 mil)
Quarterly return on equity: 15.10% ($3.0 mil)
Net income: $2.8 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.98% ($4,305.0 mil)
Quarterly Pretax return on assets: 2.10% ($4,565.9 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, 2011)

Dollar figures in thousands
30Total employees (full-time equivalent)
$217,426Total assets
$6,731Cash and due from depository institutions
$2,605Interest-bearing balances
$58,186Securities
$0Federal funds sold & reverse repurchase agreements
$148,210Net loans & leases
$2,594Loan loss allowance
$0Trading account assets
$1,944Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$217,426Life insurance assets
$2,355All other assets
$197,004Total liabilities and capital
$176,126Total liabilities
$156,978Total deposits
$176,126Interest-bearing deposits
$94Deposits held in domestic offices
14068.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,150Trading liabilities
$0Other borrowed funds
$660Subordinated debt
$20,422All other liabilities
$20,422Total equity capital
$20,422Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$4,550Surplus
$14,872Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$173Income earned, not collected on loans
$0Earning assets
$1,384Long-term assets (5+ years)
$209,001Average Assets, year-to-date
$54,998Average Assets, quarterly
$211,614Volatile liabilities
$215,002Insider loans
$164,276FHLB advances
$216,280Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$19,100Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$29,485Restructured Loans and leases
$6,564Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$10,159Total interest income
$2,321Total interest expense
$7,838Net interest income
$1,270Provision for loan and lease losses
$843Total noninterest income
$336Fiduciary activities
$223Service charges on deposit accounts
$0Trading account gains & fees
$284Additional noninterest income
$3,256Total noninterest expense
$1,888Salaries and employee benefits
$292Premises and equipment expense
$1,076Additional noninterest expense
$4,155Pre-tax net operating income
$40Securities gains (losses)
$1,366Applicable income taxes
$2,829Income before extraordinary items
$0Extraordinary gains - net
$2,829Net income attributable to bank
$0Net charge-offs
$2,829Cash dividends
$1,151Sale, conversion, retirement of capital stock, net
$764Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.96%Yield on earning assets
1.13%Cost of funding earning assets
3.83%Net interest margin
0.41%Noninterest income to earning assets
1.59%Noninterest expense to earning assets
1.32%Net operating income to assets
1.34%Return on assets (ROA)
1.98%Pretax return on assets
14.89%Return on equity (ROE)
10.87%Retained earnings to average equity (YTD only)
0.77%Net charge-offs to loans
110.34%Credit loss provision to net charge-offs
4.71%Efficiency ratio
37,507Assets per employee
7.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
27.01%Loss allowance to loans
1.72%Loss allowance to noncurrent loans
1499.42%Noncurrent assets plus other real estate owned to assets
0.08%Noncurrent loans to loans
0.11%Net loans and leases to deposits
84.15%Net loans and leases to core deposits
87.09%Equity capital to assets
9.39%Core capital (leverage) ratio
8.83%Tier 1 risk-based capital ratio
11.63%Total risk-based capital ratio
Memoranda
$13Average assets
$211,614Average earning assets
$18,999Average equity
$204,659Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$52,914Managed Assets
1Number of Accounts
$50,932Personal trust and agency accounts
$14,754Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$9,405Corporate trust and agency accounts
$0Investment management agency accounts
$24,977Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$1,796Non-managed Assets
125Number of Accounts
$0Personal trust and agency accounts
$9,405Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1,982Other retirement accounts
$1,982Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

2 Illinois Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	75642	State Bank	1718 South Dirck Drive, Freeport, IL 61032	May 24, 1999	Full Service Brick and Mortar
1	514047	Messenger Service	1718 South Dirck Drive, Freeport, IL 61032	November 01, 2010	Limited Service Messenger

State Bank in Freeport, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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State Bank in Freeport, Illinois (IL)Overview, Financial Summary, Detailed Financial Reports, Branches

State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

State Bank in Freeport, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches