FDIC Certificate #: 11315 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Midland States Bank (#1040) Federal Reserve ID: 162645 Date Established: Febuary 01, 1902 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 7225 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: August 26, 1999 Last Structure Change Process Date: August 27, 1999 Last Data Update: August 27, 1999 Data Source Date: April 05, 2012
Location
Address: Main Street, Farina, IL 62838 County: Fayette 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
Financial Summary
Total assets: $28.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
10Total employees (full-time equivalent)
$28,168Total assets
$772Cash and due from depository institutions
$0Interest-bearing balances
$3,263Securities
$1,825Federal funds sold & reverse repurchase agreements
$21,245Net loans & leases
$143Loan loss allowance
$0Trading account assets
$304Bank premises and fixed assets
$27Other real estate owned
$309Goodwill and other intangibles
$0Life insurance assets
$423All other assets
$28,168Total liabilities and capital
$24,817Total liabilities
$24,593Total deposits
$20,904Interest-bearing deposits
$24,593Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$224All other liabilities
$3,351Total equity capital
$3,351Total bank equity capital
$3,351Perpetual preferred stock
$0Common stock
$17Surplus
$2,424Undivided profits
Memoranda
$910Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$135Earning assets
$0Long-term assets (5+ years)
$374Average Assets, year-to-date
$26,333Average Assets, quarterly
$400Volatile liabilities
$27,607Insider loans
$28,027FHLB advances
$2,133Loans and leases held for sale
$552Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$993Total unused commitments
$0Restructured Loans and leases
$21,276Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$2,211Total interest income
$1,025Total interest expense
$1,186Net interest income
$120Provision for loan and lease losses
$87Total noninterest income
$0Fiduciary activities
$47Service charges on deposit accounts
$0Trading account gains & fees
$40Additional noninterest income
$634Total noninterest expense
$352Salaries and employee benefits
$59Premises and equipment expense
$223Additional noninterest expense
$519Pre-tax net operating income
$0Securities gains (losses)
$176Applicable income taxes
$343Income before extraordinary items
$0Extraordinary gains - net
$343Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$125Sale, conversion, retirement of capital stock, net
$585Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.61%Yield on earning assets
3.99%Cost of funding earning assets
4.62%Net interest margin
0.34%Noninterest income to earning assets
2.47%Noninterest expense to earning assets
1.24%Net operating income to assets
1.24%Return on assets (ROA)
1.88%Pretax return on assets
9.89%Return on equity (ROE)
-6.98%Retained earnings to average equity (YTD only)
0.59%Net charge-offs to loans
96.00%Credit loss provision to net charge-offs
5.11%Efficiency ratio
47,918Assets per employee
2.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
170.55%Loss allowance to loans
0.67%Loss allowance to noncurrent loans
105.93%Noncurrent assets plus other real estate owned to assets
0.58%Noncurrent loans to loans
0.63%Net loans and leases to deposits
86.39%Net loans and leases to core deposits
94.59%Equity capital to assets
11.90%Core capital (leverage) ratio
10.32%Tier 1 risk-based capital ratio
14.26%Total risk-based capital ratio
Memoranda
$15Average assets
$27,607Average earning assets
$3,466Average equity
$25,692Average loans
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