The First National Bank of Westville in Westville, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 04, 1996

The First National Bank of Westville in Westville, Illinois (IL)
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The First National Bank of Westville - Overview

General
FDIC Certificate #: 3754
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The First National Bank of Danville (#3644)
Federal Reserve ID: 548744
Date Established: December 05, 1904
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 #: 2419
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: October 04, 1996
Last Structure Change Process Date: October 23, 1996
Last Data Update: October 23, 1996
Data Source Date: April 05, 2012
Location
Address: 101 East Main Street, Westville, IL 61883
County: Vermilion
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): Danville, IL (#19180)
CBSA Metro Statistical Area: Danville, IL (#19180)
Financial Summary
Total assets: $23.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$11Total assets
$23,908Cash and due from depository institutions
$737Interest-bearing balances
$0Securities
$18,719Federal funds sold & reverse repurchase agreements
$700Net loans & leases
$3,088Loan loss allowance
$47Trading account assets
$0Bank premises and fixed assets
$219Other real estate owned
$0Goodwill and other intangibles
$445Life insurance assets
$0All other assets
$0Total liabilities and capital
$23,908Total liabilities
$21,809Total deposits
$21,607Interest-bearing deposits
$18,872Deposits held in domestic offices
21607.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$202Total equity capital
$202Total bank equity capital
$2,099Perpetual preferred stock
$0Common stock
$400Surplus
$400Undivided profits
Memoranda
$1,299Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$576Income earned, not collected on loans
$30Earning assets
$22,507Long-term assets (5+ years)
$2,561Average Assets, year-to-date
$23,896Average Assets, quarterly
$23,823Volatile liabilities
$1,107Insider loans
$85FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$76Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,095Total risk weighted assets
$5,334Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$1,389Total interest expense
$664Net interest income
$725Provision for loan and lease losses
-$53Total noninterest income
$84Fiduciary activities
$0Service charges on deposit accounts
$61Trading account gains & fees
$0Additional noninterest income
$23Total noninterest expense
$674Salaries and employee benefits
$265Premises and equipment expense
$91Additional noninterest expense
$318Pre-tax net operating income
$188Securities gains (losses)
$29Applicable income taxes
$14Income before extraordinary items
$203Extraordinary gains - net
$0Net income attributable to bank
$203Net charge-offs
$5Cash dividends
$313Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.30%Cost of funding earning assets
3.01%Net interest margin
3.29%Noninterest income to earning assets
0.38%Noninterest expense to earning assets
3.06%Net operating income to assets
0.74%Return on assets (ROA)
0.85%Pretax return on assets
0.91%Return on equity (ROE)
10.22%Retained earnings to average equity (YTD only)
-5.54%Net charge-offs to loans
0.14%Credit loss provision to net charge-offs
-1060.00%Efficiency ratio
83,313Assets per employee
2.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
154.19%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
8.16%Noncurrent assets plus other real estate owned to assets
2.41%Noncurrent loans to loans
18.37%Net loans and leases to deposits
14.29%Net loans and leases to core deposits
15.06%Equity capital to assets
8.78%Core capital (leverage) ratio
8.74%Tier 1 risk-based capital ratio
39.28%Total risk-based capital ratio
Memoranda
$40Average assets
$23,896Average earning assets
$1,987Average equity
$22,055Average loans

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