FDIC Certificate #: 3694 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Bank of Advance (#9369) Federal Reserve ID: 481935 Date Established: June 13, 1906 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 #: 2364 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: January 01, 2005 Last Structure Change Process Date: January 13, 2005 Last Data Update: January 13, 2005 Data Source Date: April 05, 2012
Location
Address: 506 Main Street, Lerna, IL 62440 County: Coles 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 Core Based Statistical Area (CBSA): Charleston-Mattoon, IL (#16660) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $8.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
5Total employees (full-time equivalent)
$8,615Total assets
$410Cash and due from depository institutions
$0Interest-bearing balances
$4,792Securities
$236Federal funds sold & reverse repurchase agreements
$2,883Net loans & leases
$58Loan loss allowance
$0Trading account assets
$189Bank premises and fixed assets
$22Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$83All other assets
$8,615Total liabilities and capital
$6,820Total liabilities
$6,792Total deposits
$5,371Interest-bearing deposits
$6,792Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$28All other liabilities
$1,795Total equity capital
$1,795Total bank equity capital
$1,795Perpetual preferred stock
$0Common stock
$50Surplus
$95Undivided profits
Memoranda
$1,650Noncurrent loans and leases
$58Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$91Earning assets
$0Long-term assets (5+ years)
$59Average Assets, year-to-date
$7,911Average Assets, quarterly
$2,416Volatile liabilities
$8,882Insider loans
$8,695FHLB advances
$220Loans and leases held for sale
$188Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$58Total unused commitments
$0Restructured Loans and leases
$58Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$459Total interest income
$81Total interest expense
$378Net interest income
$0Provision for loan and lease losses
$77Total noninterest income
$0Fiduciary activities
$62Service charges on deposit accounts
$0Trading account gains & fees
$15Additional noninterest income
$320Total noninterest expense
$173Salaries and employee benefits
$35Premises and equipment expense
$112Additional noninterest expense
$135Pre-tax net operating income
$0Securities gains (losses)
$10Applicable income taxes
$125Income before extraordinary items
$0Extraordinary gains - net
$125Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$40Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.53%Yield on earning assets
0.98%Cost of funding earning assets
4.56%Net interest margin
0.93%Noninterest income to earning assets
3.86%Noninterest expense to earning assets
1.41%Net operating income to assets
1.41%Return on assets (ROA)
1.52%Pretax return on assets
7.12%Return on equity (ROE)
7.12%Retained earnings to average equity (YTD only)
1.29%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
3.38%Efficiency ratio
70,330Assets per employee
1.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.97%Loss allowance to noncurrent loans
63.74%Noncurrent assets plus other real estate owned to assets
1.31%Noncurrent loans to loans
3.09%Net loans and leases to deposits
42.45%Net loans and leases to core deposits
43.87%Equity capital to assets
20.84%Core capital (leverage) ratio
20.40%Tier 1 risk-based capital ratio
26.88%Total risk-based capital ratio
Memoranda
$28Average assets
$8,882Average earning assets
$1,755Average equity
$8,295Average loans
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