FDIC Certificate #: 10878 Status: Active Federal Reserve ID: 604640 Bank Holding Company (Regulatory Top Holder): Waterman Bancshares, Inc. (RSSDID: 1141179, Location: Waterman, IL) Date Established: August 25, 1908 WWW:http://www.watermanbank.org Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 6960 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 244 West Lincoln Street, Waterman, IL 60556 County: Dekalb 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): Chicago, IL (#1600) Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14) Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176) Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980) CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980) Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $47.8 mil Equity capital: $4.2 mil Deposits held in domestic offices: $40.1 mil Return on assets (ROA): 1.04% ($0.5 mil) Quarterly return on assets: 0.50% ($0.2 mil) Return on Equity (ROE): 12.31% ($0.5 mil) Quarterly return on equity: 5.62% ($0.2 mil) Net income: $0.5 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.06% ($507.1 mil) Quarterly Pretax return on assets: 0.54% ($258.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
8Total employees (full-time equivalent)
$47,841Total assets
$1,244Cash and due from depository institutions
$13Interest-bearing balances
$18,552Securities
$0Federal funds sold & reverse repurchase agreements
$23,739Net loans & leases
$547Loan loss allowance
$0Trading account assets
$2,625Bank premises and fixed assets
$145Other real estate owned
$0Goodwill and other intangibles
$47,841Life insurance assets
$1,536All other assets
$43,675Total liabilities and capital
$40,144Total liabilities
$33,992Total deposits
$40,144Interest-bearing deposits
$90Deposits held in domestic offices
1390.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,000Trading liabilities
$0Other borrowed funds
$141Subordinated debt
$4,166All other liabilities
$4,166Total equity capital
$4,166Total bank equity capital
$0Perpetual preferred stock
$300Common stock
$2,900Surplus
$966Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,073Income earned, not collected on loans
$0Earning assets
$249Long-term assets (5+ years)
$42,304Average Assets, year-to-date
$18,919Average Assets, quarterly
$46,412Volatile liabilities
$48,205Insider loans
$28,452FHLB advances
$47,453Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$3,998Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,287Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,086Total interest income
$523Total interest expense
$1,563Net interest income
$49Provision for loan and lease losses
$77Total noninterest income
$0Fiduciary activities
$59Service charges on deposit accounts
$0Trading account gains & fees
$18Additional noninterest income
$1,211Total noninterest expense
$607Salaries and employee benefits
$224Premises and equipment expense
$380Additional noninterest expense
$380Pre-tax net operating income
$114Securities gains (losses)
$9Applicable income taxes
$485Income before extraordinary items
$0Extraordinary gains - net
$485Net income attributable to bank
$0Net charge-offs
$485Cash dividends
$13Sale, conversion, retirement of capital stock, net
$195Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.97%Yield on earning assets
1.25%Cost of funding earning assets
3.72%Net interest margin
0.18%Noninterest income to earning assets
2.88%Noninterest expense to earning assets
0.80%Net operating income to assets
1.04%Return on assets (ROA)
1.06%Pretax return on assets
12.31%Return on equity (ROE)
7.36%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
376.92%Credit loss provision to net charge-offs
33.00%Efficiency ratio
73,841Assets per employee
5.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.21%Loss allowance to loans
2.25%Loss allowance to noncurrent loans
50.98%Noncurrent assets plus other real estate owned to assets
2.55%Noncurrent loans to loans
4.42%Net loans and leases to deposits
59.13%Net loans and leases to core deposits
65.82%Equity capital to assets
8.71%Core capital (leverage) ratio
8.43%Tier 1 risk-based capital ratio
14.05%Total risk-based capital ratio
Memoranda
$15Average assets
$46,412Average earning assets
$3,940Average equity
$41,987Average loans
List of branches
1 Illinois Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6960
Waterman State Bank
244 West Lincoln Street, Waterman, IL 60556
August 25, 1908
Full Service Brick and Mortar
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