Algonquin State Bank, National Association in Algonquin, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Algonquin State Bank, National Association - Overview

  • General
  • FDIC Certificate #: 13080
    Status: Active
    Federal Reserve ID: 585235
    Bank Holding Company (Regulatory Top Holder): First Algonquin Company (RSSDID: 1201989, Location: Algonquin, IL)
    Date Established: March 03, 1902
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 8269
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    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: 2400 Huntington Drive North, Algonquin, IL 60102
    County: Mchenry
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    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: $147.3 mil
    Equity capital: $17.9 mil
    Deposits held in domestic offices: $129.1 mil
    Return on assets (ROA): 0.15% ($0.2 mil)
    Quarterly return on assets: -0.24% (-$0.4 mil)
    Return on Equity (ROE): 1.32% ($0.2 mil)
    Quarterly return on equity: -2.02% (-$0.4 mil)
    Net income: $0.2 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.15% ($221.0 mil)
    Quarterly Pretax return on assets: -0.24% (-$353.5 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
  • 38Total employees (full-time equivalent)
  • $147,307Total assets
  • $19,450Cash and due from depository institutions
  • $13,917Interest-bearing balances
  • $70,779Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $48,607Net loans & leases
  • $1,177Loan loss allowance
  • $0Trading account assets
  • $3,376Bank premises and fixed assets
  • $2,746Other real estate owned
  • $496Goodwill and other intangibles
  • $147,307Life insurance assets
  • $1,853All other assets
  • $129,357Total liabilities and capital
  • $129,053Total liabilities
  • $106,413Total deposits
  • $129,053Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $304Subordinated debt
  • $17,950All other liabilities
  • $17,950Total equity capital
  • $17,950Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $8,696Surplus
  • $8,954Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,350Income earned, not collected on loans
  • $0Earning assets
  • $765Long-term assets (5+ years)
  • $133,303Average Assets, year-to-date
  • $61,829Average Assets, quarterly
  • $145,209Volatile liabilities
  • $147,186Insider loans
  • $59,996FHLB advances
  • $145,121Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,343Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,518Restructured Loans and leases
  • $665Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,058Total interest income
  • $565Total interest expense
  • $4,493Net interest income
  • $158Provision for loan and lease losses
  • $654Total noninterest income
  • $11Fiduciary activities
  • $243Service charges on deposit accounts
  • $0Trading account gains & fees
  • $400Additional noninterest income
  • $4,768Total noninterest expense
  • $2,523Salaries and employee benefits
  • $652Premises and equipment expense
  • $1,593Additional noninterest expense
  • $221Pre-tax net operating income
  • -$9Securities gains (losses)
  • $0Applicable income taxes
  • $212Income before extraordinary items
  • $0Extraordinary gains - net
  • $212Net income attributable to bank
  • $0Net charge-offs
  • $212Cash dividends
  • $107Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.85%Yield on earning assets
  • 0.43%Cost of funding earning assets
  • 3.42%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 3.63%Noninterest expense to earning assets
  • 0.15%Net operating income to assets
  • 0.15%Return on assets (ROA)
  • 0.15%Pretax return on assets
  • 1.32%Return on equity (ROE)
  • 1.32%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 147.66%Credit loss provision to net charge-offs
  • 3.54%Efficiency ratio
  • 92,636Assets per employee
  • 3.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.36%Loss allowance to noncurrent loans
  • 87.19%Noncurrent assets plus other real estate owned to assets
  • 2.78%Noncurrent loans to loans
  • 2.71%Net loans and leases to deposits
  • 37.66%Net loans and leases to core deposits
  • 42.80%Equity capital to assets
  • 12.19%Core capital (leverage) ratio
  • 11.26%Tier 1 risk-based capital ratio
  • 27.24%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $145,209Average earning assets
  • $16,080Average equity
  • $131,211Average loans

List of branches

  • 4 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08269Algonquin State Bank, National Association2400 Huntington Drive North, Algonquin, IL 60102March 03, 1902Full Service Brick and Mortar
    1228941Algonquin Road Facility800 East Algonquin Road, Algonquin, IL 60102May 05, 1988Full Service Brick and Mortar
    2228942Main Street Branch221 S. Main Street, Algonquin, IL 60102August 26, 1994Full Service Brick and Mortar
    3359601Eastgate Manor Mobile Branch101 Eastgate Court, Algonquin, IL 60102Febuary 07, 2001Limited Service Mobile

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