Area Bank in Rosiclare, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Area Bank - Overview

  • General
  • FDIC Certificate #: 9641
    Status: Active
    Federal Reserve ID: 360843
    Bank Holding Company (Regulatory Top Holder): Hardin County Bancorp, Inc (RSSDID: 3076257, Location: Rosiclare, IL)
    Date Established: April 10, 1920
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 6164
    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: 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: 225 Main Street, Rosiclare, IL 62982
    County: Hardin
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Mount Vernon
    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: $64.2 mil
    Equity capital: $5.7 mil
    Deposits held in domestic offices: $56.8 mil
    Return on assets (ROA): 0.99% ($0.6 mil)
    Quarterly return on assets: 1.01% ($0.6 mil)
    Return on Equity (ROE): 11.51% ($0.7 mil)
    Quarterly return on equity: 11.02% ($0.7 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.99% ($635.3 mil)
    Quarterly Pretax return on assets: 1.01% ($648.1 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
  • 13Total employees (full-time equivalent)
  • $64,170Total assets
  • $3,052Cash and due from depository institutions
  • $396Interest-bearing balances
  • $35,047Securities
  • $638Federal funds sold & reverse repurchase agreements
  • $22,889Net loans & leases
  • $579Loan loss allowance
  • $0Trading account assets
  • $1,634Bank premises and fixed assets
  • $82Other real estate owned
  • $0Goodwill and other intangibles
  • $64,170Life insurance assets
  • $828All other assets
  • $58,460Total liabilities and capital
  • $56,783Total liabilities
  • $47,359Total deposits
  • $56,783Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 1608.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $69Subordinated debt
  • $5,710All other liabilities
  • $5,710Total equity capital
  • $5,710Total bank equity capital
  • $0Perpetual preferred stock
  • $240Common stock
  • $385Surplus
  • $5,085Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $122Income earned, not collected on loans
  • $0Earning assets
  • $360Long-term assets (5+ years)
  • $58,970Average Assets, year-to-date
  • $26,326Average Assets, quarterly
  • $57,713Volatile liabilities
  • $61,655Insider loans
  • $32,889FHLB advances
  • $61,379Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,002Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $900Restructured Loans and leases
  • $72Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,441Total interest income
  • $580Total interest expense
  • $1,861Net interest income
  • $50Provision for loan and lease losses
  • $287Total noninterest income
  • $0Fiduciary activities
  • $248Service charges on deposit accounts
  • $0Trading account gains & fees
  • $39Additional noninterest income
  • $1,568Total noninterest expense
  • $756Salaries and employee benefits
  • $167Premises and equipment expense
  • $645Additional noninterest expense
  • $530Pre-tax net operating income
  • $41Securities gains (losses)
  • $0Applicable income taxes
  • $571Income before extraordinary items
  • $0Extraordinary gains - net
  • $571Net income attributable to bank
  • $0Net charge-offs
  • $571Cash dividends
  • $49Sale, conversion, retirement of capital stock, net
  • $60Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 0.92%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 11.51%Return on equity (ROE)
  • 10.30%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 102.04%Credit loss provision to net charge-offs
  • 11.84%Efficiency ratio
  • 72,998Assets per employee
  • 4.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.51%Loss allowance to loans
  • 2.47%Loss allowance to noncurrent loans
  • 474.59%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 40.31%Net loans and leases to core deposits
  • 40.31%Equity capital to assets
  • 8.90%Core capital (leverage) ratio
  • 8.15%Tier 1 risk-based capital ratio
  • 15.21%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $57,713Average earning assets
  • $4,959Average equity
  • $52,787Average loans

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06164Area Bank225 Main Street, Rosiclare, IL 62982April 10, 1920Full Service Brick and Mortar
    16934Cave In Rock Branch249 Canal Street, Cave In Rock, IL 62919July 10, 1903Full Service Brick and Mortar
    2453443Area Bank Branch121 East Main Street, P. O. Box 10, Golconda, IL 62938April 01, 2005Full Service Brick and Mortar

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