FDIC Certificate #: 20930 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First State Bank of Forrest (#11669) Federal Reserve ID: 928645 Date Established: January 17, 1973 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 13223 FDIC's unique #: 14459 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 17, 1973 Last Structure Change Effective Date: January 01, 2011 Last Structure Change Process Date: January 04, 2011 Last Data Update: January 04, 2011 Data Source Date: April 05, 2012
Location
Address: 4717 North Prospect Road, Peoria Heights, IL 61614 County: Peoria 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 Metropolitan Statistical Area (MSA): Peoria-Pekin, IL (#6120) Combined Statistical Area (CSA): Peoria-Canton, IL (#426) Core Based Statistical Area (CBSA): Peoria, IL (#37900) CBSA Metro Statistical Area: Peoria, IL (#37900)
Financial Summary
Total assets: $39.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
13Total employees (full-time equivalent)
$39,241Total assets
$2,211Cash and due from depository institutions
$1,696Interest-bearing balances
$2,699Securities
$0Federal funds sold & reverse repurchase agreements
$33,213Net loans & leases
$704Loan loss allowance
$0Trading account assets
$486Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$632All other assets
$39,241Total liabilities and capital
$35,031Total liabilities
$30,974Total deposits
$26,843Interest-bearing deposits
$30,974Deposits held in domestic offices
94.39%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,001Other borrowed funds
$0Subordinated debt
$56All other liabilities
$4,210Total equity capital
$4,210Total bank equity capital
$4,210Perpetual preferred stock
$0Common stock
$304Surplus
$571Undivided profits
Memoranda
$3,335Noncurrent loans and leases
$1,008Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$324Earning assets
$0Long-term assets (5+ years)
$242Average Assets, year-to-date
$37,608Average Assets, quarterly
$4,795Volatile liabilities
$41,770Insider loans
$39,617FHLB advances
$8,375Loans and leases held for sale
$745Unused loan commitments
$4,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,008Total unused commitments
$0Restructured Loans and leases
$291Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$2,214Total interest income
$602Total interest expense
$1,612Net interest income
$0Provision for loan and lease losses
$156Total noninterest income
$0Fiduciary activities
$104Service charges on deposit accounts
$0Trading account gains & fees
$52Additional noninterest income
$925Total noninterest expense
$515Salaries and employee benefits
$170Premises and equipment expense
$240Additional noninterest expense
$843Pre-tax net operating income
$0Securities gains (losses)
$9Applicable income taxes
$834Income before extraordinary items
$0Extraordinary gains - net
$834Net income attributable to bank
$0Net charge-offs
$834Cash dividends
-$1Sale, conversion, retirement of capital stock, net
$750Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.59%Yield on earning assets
1.52%Cost of funding earning assets
4.07%Net interest margin
0.39%Noninterest income to earning assets
2.34%Noninterest expense to earning assets
2.00%Net operating income to assets
2.00%Return on assets (ROA)
2.02%Pretax return on assets
19.86%Return on equity (ROE)
2.00%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
52,319Assets per employee
3.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
89.93%Loss allowance to loans
2.08%Loss allowance to noncurrent loans
217.28%Noncurrent assets plus other real estate owned to assets
0.83%Noncurrent loans to loans
0.96%Net loans and leases to deposits
107.23%Net loans and leases to core deposits
129.74%Equity capital to assets
10.73%Core capital (leverage) ratio
10.61%Tier 1 risk-based capital ratio
18.40%Total risk-based capital ratio
Memoranda
$20Average assets
$41,770Average earning assets
$4,199Average equity
$39,590Average loans
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