The Bank of Alton in Alton, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 21, 1997

  • The Bank of Alton in Alton, Illinois (IL)
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The Bank of Alton - Overview

  • General
  • FDIC Certificate #: 17695
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Bank of Illinois (#11322)
    Federal Reserve ID: 689946
    Date Established: December 17, 1956
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 12943
    FDIC's unique #: 11657
    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: December 17, 1956
    Last Structure Change Effective Date: March 21, 1997
    Last Structure Change Process Date: April 29, 1997
    Last Data Update: April 29, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 1520 Washington Avenue, Alton, IL 62002
    County: Madison
    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
    Metropolitan Statistical Area (MSA): St. Louis, MO-IL (#7040)
    Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476)
    Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
    CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
  • Financial Summary
  • Total assets: $181.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $56Total assets
  • $181,120Cash and due from depository institutions
  • $5,988Interest-bearing balances
  • $0Securities
  • $67,673Federal funds sold & reverse repurchase agreements
  • $1,230Net loans & leases
  • $99,802Loan loss allowance
  • $1,789Trading account assets
  • $0Bank premises and fixed assets
  • $3,632Other real estate owned
  • $606Goodwill and other intangibles
  • $2,189Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $181,120Total liabilities
  • $156,816Total deposits
  • $146,924Interest-bearing deposits
  • $132,766Deposits held in domestic offices
  • 146924.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $8,000Subordinated debt
  • $0All other liabilities
  • $1,892Total equity capital
  • $1,892Total bank equity capital
  • $24,304Perpetual preferred stock
  • $0Common stock
  • $360Surplus
  • $9,867Undivided profits
  • Memoranda
  • $14,077Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $910Income earned, not collected on loans
  • $515Earning assets
  • $168,705Long-term assets (5+ years)
  • $34,687Average Assets, year-to-date
  • $176,011Average Assets, quarterly
  • $181,466Volatile liabilities
  • $20,347Insider loans
  • $3,662FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,873Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $23,943Total risk weighted assets
  • $116,202Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $13,136Total interest expense
  • $6,520Net interest income
  • $6,616Provision for loan and lease losses
  • $100Total noninterest income
  • $1,079Fiduciary activities
  • $209Service charges on deposit accounts
  • $344Trading account gains & fees
  • $0Additional noninterest income
  • $526Total noninterest expense
  • $3,964Salaries and employee benefits
  • $1,935Premises and equipment expense
  • $513Additional noninterest expense
  • $1,516Pre-tax net operating income
  • $3,631Securities gains (losses)
  • -$11Applicable income taxes
  • $717Income before extraordinary items
  • $2,903Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,903Net charge-offs
  • -$338Cash dividends
  • $1,140Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.06%Cost of funding earning assets
  • 4.00%Net interest margin
  • 4.06%Noninterest income to earning assets
  • 0.66%Noninterest expense to earning assets
  • 2.43%Net operating income to assets
  • 1.65%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 2.06%Return on equity (ROE)
  • 12.57%Retained earnings to average equity (YTD only)
  • 7.63%Net charge-offs to loans
  • -0.34%Credit loss provision to net charge-offs
  • -29.59%Efficiency ratio
  • 51,514Assets per employee
  • 3.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.27%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 196.59%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 0.90%Net loans and leases to deposits
  • 67.93%Net loans and leases to core deposits
  • 74.16%Equity capital to assets
  • 13.42%Core capital (leverage) ratio
  • 13.35%Tier 1 risk-based capital ratio
  • 20.60%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $176,011Average earning assets
  • $23,095Average equity
  • $162,948Average loans

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