The Farmers and Merchants State Bank of Virden, Illinois in Virden, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 08, 2007

The Farmers and Merchants State Bank of Virden, Illinois in Virden, Illinois (IL)
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The Farmers and Merchants State Bank of Virden, Illinois - Overview

General
FDIC Certificate #: 12705
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: Prairie State Bank and Trust (#27362)
Federal Reserve ID: 139544
Date Established: December 19, 1910
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 8058
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: December 08, 2007
Last Structure Change Process Date: January 08, 2008
Last Data Update: January 08, 2008
Data Source Date: April 05, 2012
Location
Address: 201 East Jackson Street, Virden, IL 62690
County: Macoupin
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
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: $82.9 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
17Total employees (full-time equivalent)
$79,992Total assets
$3,017Cash and due from depository institutions
$37Interest-bearing balances
$23,157Securities
$4,000Federal funds sold & reverse repurchase agreements
$48,248Net loans & leases
$400Loan loss allowance
$0Trading account assets
$386Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,184All other assets
$79,992Total liabilities and capital
$72,112Total liabilities
$65,563Total deposits
$59,138Interest-bearing deposits
$65,563Deposits held in domestic offices
0.00%% insured (estimated)
$2,898Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,500Other borrowed funds
$0Subordinated debt
$151All other liabilities
$7,880Total equity capital
$7,880Total bank equity capital
$7,880Perpetual preferred stock
$0Common stock
$300Surplus
$2,200Undivided profits
Memoranda
$5,380Noncurrent loans and leases
$4,258Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$41Earning assets
$0Long-term assets (5+ years)
$942Average Assets, year-to-date
$75,442Average Assets, quarterly
$6,779Volatile liabilities
$77,403Insider loans
$79,462FHLB advances
$10,679Loans and leases held for sale
$2,177Unused loan commitments
$3,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,258Total unused commitments
$0Restructured Loans and leases
$400Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$3,959Total interest income
$1,733Total interest expense
$2,226Net interest income
$55Provision for loan and lease losses
$561Total noninterest income
$2Fiduciary activities
$474Service charges on deposit accounts
$0Trading account gains & fees
$85Additional noninterest income
$1,544Total noninterest expense
$841Salaries and employee benefits
$128Premises and equipment expense
$575Additional noninterest expense
$1,188Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,188Income before extraordinary items
$0Extraordinary gains - net
$1,188Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$55Sale, conversion, retirement of capital stock, net
$1,031Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.38%Yield on earning assets
2.35%Cost of funding earning assets
3.02%Net interest margin
0.76%Noninterest income to earning assets
2.10%Noninterest expense to earning assets
1.53%Net operating income to assets
1.53%Return on assets (ROA)
1.53%Pretax return on assets
15.40%Return on equity (ROE)
2.04%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
22.60%Efficiency ratio
55,400Assets per employee
4.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
86.78%Loss allowance to loans
0.82%Loss allowance to noncurrent loans
975.61%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.08%Net loans and leases to deposits
73.59%Net loans and leases to core deposits
82.08%Equity capital to assets
9.85%Core capital (leverage) ratio
9.87%Tier 1 risk-based capital ratio
15.05%Total risk-based capital ratio
Memoranda
$16Average assets
$77,403Average earning assets
$7,714Average equity
$73,597Average 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
YesFiduciary powers granted
YesFiduciary or related activity
$240Managed Assets
1Number of Accounts
$240Personal trust and agency accounts
$240Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
23Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

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