FDIC Certificate #: 3638 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The First Trust and Savings Bank of Watseka, Illinois (#10831) Federal Reserve ID: 689937 Date Established: June 24, 1902 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 2320 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 30, 2004 Last Structure Change Process Date: January 12, 2005 Last Data Update: January 12, 2005 Data Source Date: April 05, 2012
Location
Address: 145 East Fifth Avenue, Clifton, IL 60927 County: Iroquois Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Champaign Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $26.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
9Total employees (full-time equivalent)
$28,318Total assets
$2,301Cash and due from depository institutions
$0Interest-bearing balances
$7,140Securities
$4,735Federal funds sold & reverse repurchase agreements
$12,840Net loans & leases
$212Loan loss allowance
$0Trading account assets
$490Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$812All other assets
$28,318Total liabilities and capital
$25,402Total liabilities
$25,339Total deposits
$19,711Interest-bearing deposits
$25,339Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$63All other liabilities
$2,916Total equity capital
$2,916Total bank equity capital
$2,916Perpetual preferred stock
$0Common stock
$200Surplus
$200Undivided profits
Memoranda
$2,516Noncurrent loans and leases
$1,497Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$118Earning assets
$0Long-term assets (5+ years)
$240Average Assets, year-to-date
$24,715Average Assets, quarterly
$1,132Volatile liabilities
$27,996Insider loans
$28,041FHLB advances
$1,956Loans and leases held for sale
$213Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,497Total unused commitments
$0Restructured Loans and leases
$175Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,215Total interest income
$330Total interest expense
$885Net interest income
$36Provision for loan and lease losses
$331Total noninterest income
$0Fiduciary activities
$24Service charges on deposit accounts
$0Trading account gains & fees
$307Additional noninterest income
$811Total noninterest expense
$538Salaries and employee benefits
$124Premises and equipment expense
$149Additional noninterest expense
$369Pre-tax net operating income
$0Securities gains (losses)
$85Applicable income taxes
$284Income before extraordinary items
$0Extraordinary gains - net
$284Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$32Sale, conversion, retirement of capital stock, net
$137Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.89%Yield on earning assets
1.33%Cost of funding earning assets
3.56%Net interest margin
1.33%Noninterest income to earning assets
3.26%Noninterest expense to earning assets
1.01%Net operating income to assets
1.01%Return on assets (ROA)
1.32%Pretax return on assets
9.98%Return on equity (ROE)
5.17%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
112.50%Credit loss provision to net charge-offs
12.66%Efficiency ratio
66,694Assets per employee
3.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.24%Loss allowance to loans
1.62%Loss allowance to noncurrent loans
179.66%Noncurrent assets plus other real estate owned to assets
0.42%Noncurrent loans to loans
0.90%Net loans and leases to deposits
50.67%Net loans and leases to core deposits
54.91%Equity capital to assets
10.30%Core capital (leverage) ratio
10.39%Tier 1 risk-based capital ratio
20.77%Total risk-based capital ratio
Memoranda
$22Average assets
$27,996Average earning assets
$2,846Average equity
$24,844Average loans
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