FDIC Certificate #: 11686 Status: Active Federal Reserve ID: 258539 Bank Holding Company (Regulatory Top Holder): Cherry Bancorporation, Inc. (RSSDID: 1246403, Location: Cherry, IL) Date Established: May 06, 1906 WWW:http://www.statebankofcherry.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 16026 FDIC's unique #: 7471 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 110 South Main Street, Cherry, IL 61317 County: Bureau 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 Core Based Statistical Area (CBSA): Ottawa-Streator, IL (#36860) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $86.6 mil Equity capital: $10.1 mil Deposits held in domestic offices: $75.6 mil Return on assets (ROA): 1.21% ($1.1 mil) Quarterly return on assets: 1.18% ($1.0 mil) Return on Equity (ROE): 10.93% ($1.1 mil) Quarterly return on equity: 10.14% ($1.0 mil) Net income: $1.1 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.21% ($1,048.4 mil) Quarterly Pretax return on assets: 1.18% ($1,022.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
11Total employees (full-time equivalent)
$86,646Total assets
$1,134Cash and due from depository institutions
$0Interest-bearing balances
$54,182Securities
$0Federal funds sold & reverse repurchase agreements
$30,557Net loans & leases
$472Loan loss allowance
$0Trading account assets
$56Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$86,646Life insurance assets
$717All other assets
$76,586Total liabilities and capital
$75,574Total liabilities
$68,123Total deposits
$75,574Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,012Subordinated debt
$10,060All other liabilities
$10,060Total equity capital
$10,060Total bank equity capital
$0Perpetual preferred stock
$338Common stock
$1,913Surplus
$7,809Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$140Income earned, not collected on loans
$0Earning assets
$592Long-term assets (5+ years)
$84,739Average Assets, year-to-date
$30,409Average Assets, quarterly
$87,798Volatile liabilities
$86,646Insider loans
$33,432FHLB advances
$88,840Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$9,183Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,270Restructured Loans and leases
$955Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,216Total interest income
$798Total interest expense
$2,418Net interest income
$50Provision for loan and lease losses
$98Total noninterest income
$0Fiduciary activities
$16Service charges on deposit accounts
$0Trading account gains & fees
$82Additional noninterest income
$1,405Total noninterest expense
$741Salaries and employee benefits
$114Premises and equipment expense
$550Additional noninterest expense
$1,061Pre-tax net operating income
$5Securities gains (losses)
$0Applicable income taxes
$1,066Income before extraordinary items
$0Extraordinary gains - net
$1,066Net income attributable to bank
$0Net charge-offs
$1,066Cash dividends
$17Sale, conversion, retirement of capital stock, net
$643Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.83%Yield on earning assets
0.95%Cost of funding earning assets
2.88%Net interest margin
0.12%Noninterest income to earning assets
1.67%Noninterest expense to earning assets
1.21%Net operating income to assets
1.21%Return on assets (ROA)
1.21%Pretax return on assets
10.93%Return on equity (ROE)
4.34%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
294.12%Credit loss provision to net charge-offs
65.35%Efficiency ratio
55,843Assets per employee
7.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.32%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
337.14%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.45%Net loans and leases to deposits
40.43%Net loans and leases to core deposits
42.17%Equity capital to assets
11.61%Core capital (leverage) ratio
10.34%Tier 1 risk-based capital ratio
27.47%Total risk-based capital ratio
Memoranda
$29Average assets
$87,798Average earning assets
$9,757Average equity
$83,887Average loans
List of branches
1 Illinois Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
7471
State Bank Of Cherry
110 South Main Street, Cherry, IL 61317
May 06, 1906
Full Service Brick and Mortar
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