American Bank of Rock Island in Rock Island, Illinois (IL)



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American Bank of Rock Island
GeneralFDIC Certificate #: 19862
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: American Bank and Trust Company, National Association (#34955)
Federal Reserve ID: 46549
Date Established: October 29, 1968
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 10045
FDIC's unique #: 13653
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: October 29, 1968
Last Structure Change Effective Date: January 05, 1999
Last Structure Change Process Date: Febuary 26, 1999
Last Data Update: Febuary 26, 1999
Data Source Date: April 05, 2012
LocationAddress: 3730 18th Avenue, Rock Island, IL 61201
County: Rock Island
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): Davenport-Moline-Rock Island, IA-IL (#1960)
Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340)
CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
Financial SummaryTotal assets: $181.0 mil

1992 - 1999 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, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)78
Total assets$180,955
Cash and due from depository institutions$5,140
Interest-bearing balances$82
Securities$68,311
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$99,466
Loan loss allowance $1,177
Trading account assets$0
Bank premises and fixed assets$4,631
Other real estate owned$263
Goodwill and other intangibles$1,551
All other assets$1,593
Life insurance assets$0
Total liabilities and capital$180,955
Total liabilities$163,772
Total deposits$151,551
Interest-bearing deposits$137,127
Deposits held in domestic offices$151,551
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $8,437
Trading liabilities$0
Other borrowed funds $2,000
Subordinated debt $0
All other liabilities $1,784
Total equity capital$17,183
Total bank equity capital$17,183
Perpetual preferred stock$17,183
Common stock$0
Surplus$310
Undivided profits $4,890
Memoranda
Noncurrent loans and leases $11,983
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $203
Long-term assets (5+ years) $0
Average Assets, year-to-date $412
Average Assets, quarterly $167,859
Volatile liabilities $73,224
Insider loans $169,211
FHLB advances $181,237
Loans and leases held for sale $29,826
Unused loan commitments $1,152
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $4,002
Total unused commitments $5,027
Restructured Loans and leases $0
Derivatives$103,817
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Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $11,710
Total interest expense $6,840
Net interest income $4,870
Provision for loan and lease losses $253
Total noninterest income $3,053
Fiduciary activities $211
Service charges on deposit accounts $204
Trading account gains & fees $0
Additional noninterest income $2,638
Total noninterest expense $5,177
Salaries and employee benefits $2,731
Premises and equipment expense $379
Additional noninterest expense $2,067
Pre-tax net operating income $2,493
Securities gains (losses) -$5
Applicable income taxes -$21
Income before extraordinary items $2,509
Extraordinary gains - net $0
Net income attributable to bank $2,509
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$9
Net operating income $1,193
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Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.51%
Cost of funding earning assets 4.38%
Net interest margin 3.12%
Noninterest income to earning assets 1.96%
Noninterest expense to earning assets 3.32%
Net operating income to assets 1.49%
Return on assets (ROA) 1.48%
Pretax return on assets 1.47%
Return on equity (ROE) 15.28%
Retained earnings to average equity (YTD only) 8.02%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs -2811.11%
Efficiency ratio0.00%
Assets per employee$60,634
Cash dividends to net income (YTD only)2.32%
Condition Ratios (%)
Loss allowance to loans 47.55%
Loss allowance to noncurrent loans 1.17%
Noncurrent assets plus other real estate owned to assets 579.80%
Noncurrent loans to loans 0.26%
Net loans and leases to deposits0.20%
Net loans and leases to core deposits 65.63%
Equity capital to assets 76.42%
Core capital (leverage) ratio 9.50%
Tier 1 risk-based capital ratio 8.78%
Total risk-based capital ratio 15.14%
Memoranda
Average assets$16
Average earning assets$169,211
Average equity $16,417
Average loans $155,993
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