The Oakland National Bank in Oakland, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 14, 1997

The Oakland National Bank in Oakland, Illinois (IL)
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The Oakland National Bank - Overview

General
FDIC Certificate #: 3717
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Citizens National Bank of Paris (#3721)
Federal Reserve ID: 848145
Date Established: October 05, 1874
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)
OTS Docket #: 13549
FDIC's unique #: 2383
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: July 14, 1997
Last Structure Change Process Date: July 28, 1997
Last Data Update: July 28, 1997
Data Source Date: April 05, 2012
Location
Address: Main Street, Oakland, IL 61943
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: $23.4 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$11Total assets
$20,220Cash and due from depository institutions
$1,139Interest-bearing balances
$0Securities
$6,537Federal funds sold & reverse repurchase agreements
$33Net loans & leases
$11,180Loan loss allowance
$315Trading account assets
$0Bank premises and fixed assets
$117Other real estate owned
$0Goodwill and other intangibles
$383Life insurance assets
$831All other assets
$0Total liabilities and capital
$20,220Total liabilities
$17,455Total deposits
$16,787Interest-bearing deposits
$14,511Deposits held in domestic offices
16787.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$500Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$168Total equity capital
$168Total bank equity capital
$2,765Perpetual preferred stock
$0Common stock
$159Surplus
$2,420Undivided profits
Memoranda
$186Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$139Income earned, not collected on loans
$208Earning assets
$17,750Long-term assets (5+ years)
$1,690Average Assets, year-to-date
$19,703Average Assets, quarterly
$20,188Volatile liabilities
$1,709Insider loans
$176FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,520Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,923Total risk weighted assets
$11,937Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,468Total interest expense
$653Net interest income
$815Provision for loan and lease losses
$0Total noninterest income
$104Fiduciary activities
$0Service charges on deposit accounts
$50Trading account gains & fees
$0Additional noninterest income
$54Total noninterest expense
$645Salaries and employee benefits
$353Premises and equipment expense
$58Additional noninterest expense
$234Pre-tax net operating income
$274Securities gains (losses)
$0Applicable income taxes
$99Income before extraordinary items
$175Extraordinary gains - net
$0Net income attributable to bank
$175Net charge-offs
$82Cash dividends
$65Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.41%Cost of funding earning assets
3.74%Net interest margin
4.67%Noninterest income to earning assets
0.60%Noninterest expense to earning assets
3.69%Net operating income to assets
0.89%Return on assets (ROA)
0.89%Pretax return on assets
1.39%Return on equity (ROE)
6.47%Retained earnings to average equity (YTD only)
4.07%Net charge-offs to loans
0.74%Credit loss provision to net charge-offs
0.00%Efficiency ratio
63,112Assets per employee
1.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
37.14%Loss allowance to loans
2.74%Loss allowance to noncurrent loans
226.62%Noncurrent assets plus other real estate owned to assets
0.69%Noncurrent loans to loans
1.21%Net loans and leases to deposits
66.60%Net loans and leases to core deposits
71.77%Equity capital to assets
13.67%Core capital (leverage) ratio
10.00%Tier 1 risk-based capital ratio
16.11%Total risk-based capital ratio
Memoranda
$17Average assets
$19,703Average earning assets
$2,703Average equity
$17,462Average loans

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