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

This bank is inactive as of January 01, 1995

  • State Bank of Freeport in Freeport, Illinois (IL)
  • Show street view No street view available for this location

State Bank of Freeport - Overview

  • General
  • FDIC Certificate #: 11703
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Mercantile Bank of Northern Illinois (#15874)
    Federal Reserve ID: 867034
    Date Established: August 01, 1891
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 10308
    FDIC's unique #: 7482
    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: January 01, 1995
    Last Structure Change Process Date: January 31, 1995
    Last Data Update: April 11, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 27-29 East Stephenson Street, 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
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $241.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $81Total assets
  • $241,515Cash and due from depository institutions
  • $14,256Interest-bearing balances
  • $186Securities
  • $38,987Federal funds sold & reverse repurchase agreements
  • $7,715Net loans & leases
  • $169,155Loan loss allowance
  • $1,741Trading account assets
  • $3,625Bank premises and fixed assets
  • $4,219Other real estate owned
  • $0Goodwill and other intangibles
  • $3,398Life insurance assets
  • $160All other assets
  • $0Total liabilities and capital
  • $241,515Total liabilities
  • $221,966Total deposits
  • $207,167Interest-bearing deposits
  • $176,354Deposits held in domestic offices
  • 207167.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $8,347Trading liabilities
  • $0Other borrowed funds
  • $4,400Subordinated debt
  • $0All other liabilities
  • $2,052Total equity capital
  • $2,052Total bank equity capital
  • $19,549Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $9,247Undivided profits
  • Memoranda
  • $8,302Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $600Income earned, not collected on loans
  • $1,501Earning assets
  • $219,668Long-term assets (5+ years)
  • $35,010Average Assets, year-to-date
  • $237,690Average Assets, quarterly
  • $238,717Volatile liabilities
  • $22,197Insider loans
  • $1,054FHLB advances
  • $0Loans and leases held for sale
  • $1,288Unused loan commitments
  • $30,017Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $19,849Total risk weighted assets
  • $188,387Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $16,695Total interest expense
  • $7,135Net interest income
  • $9,560Provision for loan and lease losses
  • $240Total noninterest income
  • $3,763Fiduciary activities
  • $1,376Service charges on deposit accounts
  • $625Trading account gains & fees
  • -$367Additional noninterest income
  • $2,129Total noninterest expense
  • $9,129Salaries and employee benefits
  • $3,546Premises and equipment expense
  • $1,120Additional noninterest expense
  • $4,463Pre-tax net operating income
  • $3,954Securities gains (losses)
  • $48Applicable income taxes
  • $1,303Income before extraordinary items
  • $2,699Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,699Net charge-offs
  • $70Cash dividends
  • $1,800Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.68%Cost of funding earning assets
  • 3.28%Net interest margin
  • 4.40%Noninterest income to earning assets
  • 1.73%Noninterest expense to earning assets
  • 4.20%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 1.68%Return on equity (ROE)
  • 14.08%Retained earnings to average equity (YTD only)
  • 4.69%Net charge-offs to loans
  • 0.04%Credit loss provision to net charge-offs
  • 342.86%Efficiency ratio
  • 67,950Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.69%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 290.17%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 81.65%Net loans and leases to core deposits
  • 87.14%Equity capital to assets
  • 8.09%Core capital (leverage) ratio
  • 8.39%Tier 1 risk-based capital ratio
  • 10.54%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $237,690Average earning assets
  • $19,176Average equity
  • $217,244Average loans

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