State Bank of Cerro Gordo in Cerro Gordo, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


State Bank of Cerro Gordo - Overview

  • General
  • FDIC Certificate #: 11311
    Status: Active
    Federal Reserve ID: 246237
    Bank Holding Company (Regulatory Top Holder): Bement Bancshares, Inc. (RSSDID: 1205923, Location: Bement, IL)
    Date Established: May 24, 1894
    WWW: http://www.bankcerrogordo.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 7223
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 06, 2009
    Last Structure Change Process Date: May 12, 2009
    Last Data Update: May 12, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 South Madison Street, Cerro Gordo, IL 61818
    County: Piatt
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Champaign
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Champaign-Urbana, IL (#16580)
    CBSA Metro Statistical Area: Champaign-Urbana, IL (#16580)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $24.1 mil
    Equity capital: $3.8 mil
    Deposits held in domestic offices: $20.3 mil
    Return on assets (ROA): 0.32% ($0.1 mil)
    Quarterly return on assets: 0.52% ($0.1 mil)
    Return on Equity (ROE): 2.06% ($0.1 mil)
    Quarterly return on equity: 3.39% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.25% ($60.3 mil)
    Quarterly Pretax return on assets: 0.26% ($62.8 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, 2011)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $24,135Total assets
  • $7,143Cash and due from depository institutions
  • $6,230Interest-bearing balances
  • $5,905Securities
  • $274Federal funds sold & reverse repurchase agreements
  • $9,540Net loans & leases
  • $90Loan loss allowance
  • $0Trading account assets
  • $252Bank premises and fixed assets
  • $72Other real estate owned
  • $503Goodwill and other intangibles
  • $24,135Life insurance assets
  • $446All other assets
  • $20,384Total liabilities and capital
  • $20,310Total liabilities
  • $17,211Total deposits
  • $20,310Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $74Subordinated debt
  • $3,751All other liabilities
  • $3,751Total equity capital
  • $3,751Total bank equity capital
  • $0Perpetual preferred stock
  • $216Common stock
  • $2,972Surplus
  • $563Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21Income earned, not collected on loans
  • $0Earning assets
  • $143Long-term assets (5+ years)
  • $21,949Average Assets, year-to-date
  • $5,497Average Assets, quarterly
  • $24,720Volatile liabilities
  • $24,854Insider loans
  • $10,839FHLB advances
  • $24,329Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,249Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,340Restructured Loans and leases
  • $110Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $814Total interest income
  • $77Total interest expense
  • $737Net interest income
  • $1Provision for loan and lease losses
  • $148Total noninterest income
  • $1Fiduciary activities
  • $82Service charges on deposit accounts
  • $0Trading account gains & fees
  • $65Additional noninterest income
  • $822Total noninterest expense
  • $439Salaries and employee benefits
  • $116Premises and equipment expense
  • $267Additional noninterest expense
  • $62Pre-tax net operating income
  • $0Securities gains (losses)
  • -$16Applicable income taxes
  • $78Income before extraordinary items
  • $0Extraordinary gains - net
  • $78Net income attributable to bank
  • $0Net charge-offs
  • $78Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $105Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.61%Yield on earning assets
  • 0.34%Cost of funding earning assets
  • 3.27%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 3.65%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.25%Pretax return on assets
  • 2.06%Return on equity (ROE)
  • -0.71%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 10.00%Credit loss provision to net charge-offs
  • 6.30%Efficiency ratio
  • 92,881Assets per employee
  • 3.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 134.62%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 428.57%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 46.97%Net loans and leases to core deposits
  • 48.22%Equity capital to assets
  • 15.54%Core capital (leverage) ratio
  • 13.35%Tier 1 risk-based capital ratio
  • 29.98%Total risk-based capital ratio
  • Memoranda
  • $31Average assets
  • $24,720Average earning assets
  • $3,786Average equity
  • $22,531Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $19Managed Assets
  • 1Number of Accounts
  • $19Personal trust and agency accounts
  • $19Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07223State Bank Of Cerro Gordo101 South Madison Street, Cerro Gordo, IL 61818May 24, 1894Full Service Brick and Mortar

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