FDIC Certificate #: 15486 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:The Bank of Herrin (#11310) Federal Reserve ID: 835444 Date Established: May 15, 1937 WWW:http://www.bankofherrin.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 9789 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: May 15, 1937 Last Structure Change Effective Date: Febuary 09, 2007 Last Structure Change Process Date: April 12, 2007 Last Data Update: April 12, 2007 Data Source Date: April 05, 2012
Location
Address: 101 South Park Avenue, Herrin, IL 62948 County: Williamson 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 Combined Statistical Area (CSA): Carbondale-Marion-Herrin, IL (#166) Core Based Statistical Area (CBSA): Marion-Herrin, IL (#32060) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $145.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
53Total employees (full-time equivalent)
$144,998Total assets
$5,337Cash and due from depository institutions
$398Interest-bearing balances
$47,276Securities
$409Federal funds sold & reverse repurchase agreements
$86,960Net loans & leases
$380Loan loss allowance
$0Trading account assets
$3,570Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,446All other assets
$144,998Total liabilities and capital
$130,307Total liabilities
$129,598Total deposits
$113,811Interest-bearing deposits
$129,598Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$709All other liabilities
$14,691Total equity capital
$14,691Total bank equity capital
$14,691Perpetual preferred stock
$0Common stock
$700Surplus
$4,550Undivided profits
Memoranda
$9,441Noncurrent loans and leases
$4,642Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,173Earning assets
$0Long-term assets (5+ years)
$959Average Assets, year-to-date
$135,043Average Assets, quarterly
$5,558Volatile liabilities
$141,349Insider loans
$144,367FHLB advances
$13,998Loans and leases held for sale
$1,685Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,642Total unused commitments
$0Restructured Loans and leases
$380Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$7,727Total interest income
$2,897Total interest expense
$4,830Net interest income
$34Provision for loan and lease losses
$786Total noninterest income
$330Fiduciary activities
$323Service charges on deposit accounts
$0Trading account gains & fees
$133Additional noninterest income
$3,569Total noninterest expense
$2,259Salaries and employee benefits
$320Premises and equipment expense
$990Additional noninterest expense
$2,013Pre-tax net operating income
-$13Securities gains (losses)
$588Applicable income taxes
$1,412Income before extraordinary items
$0Extraordinary gains - net
$1,412Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$49Sale, conversion, retirement of capital stock, net
$1,330Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.83%Yield on earning assets
2.19%Cost of funding earning assets
3.65%Net interest margin
0.59%Noninterest income to earning assets
2.69%Noninterest expense to earning assets
1.01%Net operating income to assets
1.00%Return on assets (ROA)
1.41%Pretax return on assets
10.00%Return on equity (ROE)
0.58%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
69.39%Credit loss provision to net charge-offs
41.78%Efficiency ratio
63,551Assets per employee
2.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
94.19%Loss allowance to loans
0.44%Loss allowance to noncurrent loans
32.40%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
1.34%Net loans and leases to deposits
67.10%Net loans and leases to core deposits
75.22%Equity capital to assets
10.13%Core capital (leverage) ratio
10.64%Tier 1 risk-based capital ratio
16.22%Total risk-based capital ratio
Memoranda
$17Average assets
$141,349Average earning assets
$14,124Average equity
$132,489Average loans
Total Fiduciary and Related Assets (December 31, 2006)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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