The Elizabeth State Bank in Elizabeth, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 02, 2009

The Elizabeth State Bank in Elizabeth, Illinois (IL)
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The Elizabeth State Bank - Overview

General
FDIC Certificate #: 9262
Status: Inactive
Closing history: Corrections
Acquiring institution: Galena State Bank & Trust Co. (#19660)
Federal Reserve ID: 542537
Date Established: December 01, 1909
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 14747
FDIC's unique #: 5922
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: January 01, 1934
Last Structure Change Effective Date: July 02, 2009
Last Structure Change Process Date: July 07, 2009
Last Data Update: July 07, 2009
Data Source Date: April 05, 2012
Location
Address: 151 Main Street, Elizabeth, IL 61028
County: Jo Daviess
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
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $55.0 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, 2008)

Dollar figures in thousands
15Total employees (full-time equivalent)
$62,835Total assets
$834Cash and due from depository institutions
$16Interest-bearing balances
$13,872Securities
$0Federal funds sold & reverse repurchase agreements
$45,589Net loans & leases
$428Loan loss allowance
$39Trading account assets
$944Bank premises and fixed assets
$348Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,209All other assets
$62,835Total liabilities and capital
$59,051Total liabilities
$53,119Total deposits
$47,429Interest-bearing deposits
$53,119Deposits held in domestic offices
0.00%% insured (estimated)
$2,335Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,400Other borrowed funds
$0Subordinated debt
$197All other liabilities
$3,784Total equity capital
$3,784Total bank equity capital
$3,784Perpetual preferred stock
$0Common stock
$160Surplus
$5,400Undivided profits
Memoranda
$-1,776Noncurrent loans and leases
$4,121Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,513Earning assets
$0Long-term assets (5+ years)
$477Average Assets, year-to-date
$59,516Average Assets, quarterly
$2,817Volatile liabilities
$64,894Insider loans
$64,265FHLB advances
$13,346Loans and leases held for sale
$3,465Unused loan commitments
$3,400Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,121Total unused commitments
$0Restructured Loans and leases
$428Derivatives

Income and Expense (December 31, 2008)

Dollar figures in thousands
$3,874Total interest income
$1,729Total interest expense
$2,145Net interest income
$40Provision for loan and lease losses
$210Total noninterest income
$0Fiduciary activities
$135Service charges on deposit accounts
$0Trading account gains & fees
$75Additional noninterest income
$1,447Total noninterest expense
$641Salaries and employee benefits
$143Premises and equipment expense
$663Additional noninterest expense
$868Pre-tax net operating income
-$1,904Securities gains (losses)
$0Applicable income taxes
-$1,036Income before extraordinary items
$0Extraordinary gains - net
-$1,036Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$107Sale, conversion, retirement of capital stock, net
$30Net operating income

Performance and Condition Ratios (December 31, 2008)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.33%Yield on earning assets
2.83%Cost of funding earning assets
3.50%Net interest margin
0.34%Noninterest income to earning assets
2.36%Noninterest expense to earning assets
1.34%Net operating income to assets
-1.60%Return on assets (ROA)
-1.60%Pretax return on assets
-28.26%Return on equity (ROE)
-29.08%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
37.38%Credit loss provision to net charge-offs
8.49%Efficiency ratio
61,444Assets per employee
4.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
-2.90%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
28.29%Noncurrent assets plus other real estate owned to assets
6.74%Noncurrent loans to loans
3.29%Net loans and leases to deposits
85.82%Net loans and leases to core deposits
100.18%Equity capital to assets
6.02%Core capital (leverage) ratio
7.75%Tier 1 risk-based capital ratio
10.26%Total risk-based capital ratio
Memoranda
$11Average assets
$64,894Average earning assets
$3,666Average equity
$61,201Average loans

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