Sunstar Bank in Washington, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1999

Sunstar Bank in Washington, Illinois (IL)
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Sunstar Bank - Overview

General
FDIC Certificate #: 20824
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Morton Community Bank (#18429)
Federal Reserve ID: 916437
Date Established: October 02, 1972
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 14385
Numeric code: 21
Regulator: FDIC
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: October 02, 1972
Last Structure Change Effective Date: April 01, 1999
Last Structure Change Process Date: May 14, 1999
Last Data Update: May 14, 1999
Data Source Date: April 05, 2012
Location
Address: 2301 Washington Road, Washington, IL 61571
County: Tazewell
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Springfield Il
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Peoria-Pekin, IL (#6120)
Combined Statistical Area (CSA): Peoria-Canton, IL (#426)
Core Based Statistical Area (CBSA): Peoria, IL (#37900)
CBSA Metro Statistical Area: Peoria, IL (#37900)
Financial Summary
Total assets: $29.0 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
13Total employees (full-time equivalent)
$29,251Total assets
$1,448Cash and due from depository institutions
$0Interest-bearing balances
$10,841Securities
$0Federal funds sold & reverse repurchase agreements
$15,992Net loans & leases
$157Loan loss allowance
$0Trading account assets
$581Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$389All other assets
$29,251Total liabilities and capital
$25,958Total liabilities
$24,800Total deposits
$21,390Interest-bearing deposits
$24,800Deposits held in domestic offices
0.00%% insured (estimated)
$1,025Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$133All other liabilities
$3,293Total equity capital
$3,293Total bank equity capital
$3,293Perpetual preferred stock
$0Common stock
$200Surplus
$2,000Undivided profits
Memoranda
$1,093Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$432Earning assets
$0Long-term assets (5+ years)
$156Average Assets, year-to-date
$26,833Average Assets, quarterly
$9,840Volatile liabilities
$28,200Insider loans
$29,069FHLB advances
$8,607Loans and leases held for sale
$198Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$891Total unused commitments
$0Restructured Loans and leases
$18,426Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$2,106Total interest income
$1,006Total interest expense
$1,100Net interest income
$131Provision for loan and lease losses
$125Total noninterest income
$0Fiduciary activities
$84Service charges on deposit accounts
$0Trading account gains & fees
$41Additional noninterest income
$960Total noninterest expense
$549Salaries and employee benefits
$118Premises and equipment expense
$293Additional noninterest expense
$134Pre-tax net operating income
-$32Securities gains (losses)
-$8Applicable income taxes
$110Income before extraordinary items
$0Extraordinary gains - net
$110Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$51Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.08%Yield on earning assets
3.86%Cost of funding earning assets
4.22%Net interest margin
0.48%Noninterest income to earning assets
3.68%Noninterest expense to earning assets
0.50%Net operating income to assets
0.39%Return on assets (ROA)
0.36%Pretax return on assets
3.38%Return on equity (ROE)
3.38%Retained earnings to average equity (YTD only)
0.33%Net charge-offs to loans
256.86%Credit loss provision to net charge-offs
5.20%Efficiency ratio
78,367Assets per employee
2.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
36.34%Noncurrent assets plus other real estate owned to assets
1.48%Noncurrent loans to loans
2.68%Net loans and leases to deposits
64.48%Net loans and leases to core deposits
92.88%Equity capital to assets
11.26%Core capital (leverage) ratio
11.10%Tier 1 risk-based capital ratio
17.59%Total risk-based capital ratio
Memoranda
$18Average assets
$28,200Average earning assets
$3,251Average equity
$26,066Average loans

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