1st State Bank of Mason City in Mason City, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


1st State Bank of Mason City - Overview

  • General
  • FDIC Certificate #: 22543
    Status: Active
    Federal Reserve ID: 170640
    Bank Holding Company (Regulatory Top Holder): Firstate Bancorp, Inc. (RSSDID: 3070152, Location: Mason City, IL)
    Date Established: November 01, 1977
    WWW: http://www.1ststatebankmc.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 14261
    FDIC's unique #: 15721
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: November 01, 1977
    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: 123 West Elm Street, Mason City, IL 62664
    County: Mason
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Springfield Il
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $24.9 mil
    Equity capital: $3.3 mil
    Deposits held in domestic offices: $21.6 mil
    Return on assets (ROA): 1.08% ($0.3 mil)
    Quarterly return on assets: 0.81% ($0.2 mil)
    Return on Equity (ROE): 8.76% ($0.3 mil)
    Quarterly return on equity: 6.26% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.08% ($269.4 mil)
    Quarterly Pretax return on assets: 0.81% ($202.0 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
  • 5Total employees (full-time equivalent)
  • $24,944Total assets
  • $546Cash and due from depository institutions
  • $252Interest-bearing balances
  • $9,194Securities
  • $1,545Federal funds sold & reverse repurchase agreements
  • $13,164Net loans & leases
  • $116Loan loss allowance
  • $0Trading account assets
  • $76Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $24,944Life insurance assets
  • $419All other assets
  • $21,622Total liabilities and capital
  • $21,568Total liabilities
  • $18,885Total deposits
  • $21,568Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $54Subordinated debt
  • $3,322All other liabilities
  • $3,322Total equity capital
  • $3,322Total bank equity capital
  • $0Perpetual preferred stock
  • $309Common stock
  • $391Surplus
  • $2,622Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $106Income earned, not collected on loans
  • $0Earning assets
  • $200Long-term assets (5+ years)
  • $24,155Average Assets, year-to-date
  • $10,194Average Assets, quarterly
  • $25,910Volatile liabilities
  • $25,564Insider loans
  • $13,655FHLB advances
  • $25,939Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,236Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $612Restructured Loans and leases
  • $246Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $994Total interest income
  • $243Total interest expense
  • $751Net interest income
  • $48Provision for loan and lease losses
  • $120Total noninterest income
  • $0Fiduciary activities
  • $88Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32Additional noninterest income
  • $544Total noninterest expense
  • $246Salaries and employee benefits
  • $68Premises and equipment expense
  • $230Additional noninterest expense
  • $279Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $279Income before extraordinary items
  • $0Extraordinary gains - net
  • $279Net income attributable to bank
  • $0Net charge-offs
  • $279Cash dividends
  • $15Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.99%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 3.01%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 2.18%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 8.76%Return on equity (ROE)
  • 8.76%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 320.00%Credit loss provision to net charge-offs
  • 21.80%Efficiency ratio
  • 62,457Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 109.43%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.80%Net loans and leases to deposits
  • 61.03%Net loans and leases to core deposits
  • 61.77%Equity capital to assets
  • 13.32%Core capital (leverage) ratio
  • 12.48%Tier 1 risk-based capital ratio
  • 23.70%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $25,910Average earning assets
  • $3,184Average equity
  • $24,922Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0157211st State Bank Of Mason City123 West Elm Street, Mason City, IL 62664November 01, 1977Full Service Brick and Mortar

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