FDIC Certificate #: 13661 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sheridan State Bank (#16569) Federal Reserve ID: 4745 Date Established: December 27, 1919 WWW:http://www.neponsetbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 8538 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 17, 1934 Last Structure Change Effective Date: September 11, 2004 Last Structure Change Process Date: September 30, 2004 Last Data Update: September 30, 2004 Data Source Date: April 05, 2012
Location
Address: Main Street, Neponset, IL 61345 County: Bureau 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 Core Based Statistical Area (CBSA): Ottawa-Streator, IL (#36860) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $9.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
3Total employees (full-time equivalent)
$10,298Total assets
$434Cash and due from depository institutions
$0Interest-bearing balances
$4,144Securities
$910Federal funds sold & reverse repurchase agreements
$4,580Net loans & leases
$49Loan loss allowance
$0Trading account assets
$96Bank premises and fixed assets
$12Other real estate owned
$13Goodwill and other intangibles
$0Life insurance assets
$109All other assets
$10,298Total liabilities and capital
$9,219Total liabilities
$9,181Total deposits
$8,298Interest-bearing deposits
$9,181Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$38All other liabilities
$1,079Total equity capital
$1,079Total bank equity capital
$1,079Perpetual preferred stock
$0Common stock
$50Surplus
$840Undivided profits
Memoranda
$189Noncurrent loans and leases
$228Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1Earning assets
$0Long-term assets (5+ years)
$89Average Assets, year-to-date
$9,634Average Assets, quarterly
$1,632Volatile liabilities
$9,859Insider loans
$9,958FHLB advances
$1,302Loans and leases held for sale
$28Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$228Total unused commitments
$0Restructured Loans and leases
$49Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$474Total interest income
$184Total interest expense
$290Net interest income
$3Provision for loan and lease losses
$34Total noninterest income
$0Fiduciary activities
$26Service charges on deposit accounts
$0Trading account gains & fees
$8Additional noninterest income
$293Total noninterest expense
$193Salaries and employee benefits
$19Premises and equipment expense
$81Additional noninterest expense
$28Pre-tax net operating income
$0Securities gains (losses)
$9Applicable income taxes
$19Income before extraordinary items
$0Extraordinary gains - net
$19Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$15Sale, conversion, retirement of capital stock, net
$24Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.16%Yield on earning assets
2.00%Cost of funding earning assets
3.15%Net interest margin
0.37%Noninterest income to earning assets
3.19%Noninterest expense to earning assets
0.19%Net operating income to assets
0.19%Return on assets (ROA)
0.28%Pretax return on assets
1.76%Return on equity (ROE)
-0.46%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
20.00%Credit loss provision to net charge-offs
2.07%Efficiency ratio
90,432Assets per employee
3.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
126.32%Loss allowance to loans
1.06%Loss allowance to noncurrent loans
4900.00%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.02%Net loans and leases to deposits
49.89%Net loans and leases to core deposits
58.13%Equity capital to assets
10.48%Core capital (leverage) ratio
10.50%Tier 1 risk-based capital ratio
19.74%Total risk-based capital ratio
Memoranda
$21Average assets
$9,859Average earning assets
$1,082Average equity
$9,193Average loans
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