Allegiant Bank in Saint Louis, Missouri (MO)



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Allegiant Bank
GeneralFDIC Certificate #: 1078
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: National City Bank of the Midwest (#5029)
Federal Reserve ID: 419152
Date Established: October 10, 1909
WWW: http://www.allegiantbank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 40 (Interstate: No)
OTS Docket #: 10484
FDIC's unique #: 725
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 30, 2004
Last Structure Change Process Date: August 03, 2004
Last Data Update: August 03, 2004
Data Source Date: April 05, 2012
LocationAddress: 4323 N. Grand Blvd., Saint Louis, MO 63102
County: Saint Louis (City)
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Chicago
FDIC Field Office: St. Louis
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): St. Louis, MO-IL (#7040)
Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476)
Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
Financial SummaryTotal assets: $2,751.4 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)
Total employees (full-time equivalent)513
Total assets$2,437,335
Cash and due from depository institutions$61,543
Interest-bearing balances$0
Securities$346,877
Federal funds sold & reverse repurchase agreements$405
Net loans & leases$1,827,965
Loan loss allowance $19,718
Trading account assets$0
Bank premises and fixed assets$43,666
Other real estate owned$1,358
Goodwill and other intangibles$51,649
All other assets$103,872
Life insurance assets$0
Total liabilities and capital$2,437,335
Total liabilities$2,164,716
Total deposits$1,710,061
Interest-bearing deposits$1,515,106
Deposits held in domestic offices$1,710,061
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $141,897
Trading liabilities$0
Other borrowed funds $307,616
Subordinated debt $0
All other liabilities $5,142
Total equity capital$272,619
Total bank equity capital$272,619
Perpetual preferred stock$272,619
Common stock$0
Surplus$734
Undivided profits $187,733
Memoranda
Noncurrent loans and leases $84,152
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $406,575
Income earned, not collected on loans $0
Earning assets $18,315
Long-term assets (5+ years) $0
Average Assets, year-to-date $9,389
Average Assets, quarterly $2,175,247
Volatile liabilities $116,699
Insider loans $2,368,341
FHLB advances $2,437,320
Loans and leases held for sale $472,513
Unused loan commitments $60,841
Tier 1 (core) risk-based capital $307,616
Tier 2 risk-based capital $132,000
Total risk weighted assets $8,825
Total unused commitments $406,575
Restructured Loans and leases $0
Derivatives$19,718
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Income and Expense (December 31, 2003)
(Dollar figures in thousands)
Total interest income $121,596
Total interest expense $42,751
Net interest income $78,845
Provision for loan and lease losses $8,274
Total noninterest income $14,686
Fiduciary activities $1,690
Service charges on deposit accounts $6,827
Trading account gains & fees $0
Additional noninterest income $6,169
Total noninterest expense $48,329
Salaries and employee benefits $23,295
Premises and equipment expense $7,847
Additional noninterest expense $17,187
Pre-tax net operating income $36,928
Securities gains (losses) $5,176
Applicable income taxes $13,615
Income before extraordinary items $28,489
Extraordinary gains - net $0
Net income attributable to bank $28,489
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $7,334
Net operating income $3,000
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Performance and Condition Ratios (December 31, 2003)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.69%
Cost of funding earning assets 2.00%
Net interest margin 3.69%
Noninterest income to earning assets 0.69%
Noninterest expense to earning assets 2.26%
Net operating income to assets 1.05%
Return on assets (ROA) 1.20%
Pretax return on assets 1.78%
Return on equity (ROE) 11.44%
Retained earnings to average equity (YTD only) 10.23%
Net charge-offs to loans 0.42%
Credit loss provision to net charge-offs 112.82%
Efficiency ratio6.16%
Assets per employee$50,646
Cash dividends to net income (YTD only)4.75%
Condition Ratios (%)
Loss allowance to loans 10.53%
Loss allowance to noncurrent loans 1.07%
Noncurrent assets plus other real estate owned to assets 107.66%
Noncurrent loans to loans 0.81%
Net loans and leases to deposits0.99%
Net loans and leases to core deposits 106.89%
Equity capital to assets 127.43%
Core capital (leverage) ratio 11.19%
Tier 1 risk-based capital ratio 9.37%
Total risk-based capital ratio 11.05%
Memoranda
Average assets$12
Average earning assets$2,368,341
Average equity $249,052
Average loans $2,135,766
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Total Fiduciary and Related Assets (December 31, 2003)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$413,238
Number of Accounts1
Personal trust and agency accounts$179,873
Employee benefit-defined contribution accounts$139,616
Employee benefit-defined benefit accounts$5,373
Other retirement accounts$0
Corporate trust and agency accounts$9,345
Investment management agency accounts$0
Other fiduciary accounts$25,539
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts505
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$233,365
Corporate trust and agency accounts$223,484
Other fiduciary accounts$9,864
Fiduciary accounts held in foreign offices$0
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