Area Bank in Rosiclare, Illinois (IL)



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Area Bank
GeneralFDIC 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
WWW: http://www.areabankonline.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)13
Total assets$64,170
Cash and due from depository institutions$3,052
Interest-bearing balances$396
Securities$35,047
Federal funds sold & reverse repurchase agreements$638
Net loans & leases$22,889
Loan loss allowance $579
Trading account assets$0
Bank premises and fixed assets$1,634
Other real estate owned$82
Goodwill and other intangibles$0
All other assets$828
Life insurance assets$64,170
Total liabilities and capital$58,460
Total liabilities$56,783
Total deposits$47,359
Interest-bearing deposits$56,783
Deposits held in domestic offices$96
% insured (estimated)1608.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $69
All other liabilities $5,710
Total equity capital$5,710
Total bank equity capital$5,710
Perpetual preferred stock$0
Common stock$240
Surplus$385
Undivided profits $5,085
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $122
Earning assets $0
Long-term assets (5+ years) $360
Average Assets, year-to-date $58,970
Average Assets, quarterly $26,326
Volatile liabilities $57,713
Insider loans $61,655
FHLB advances $32,889
Loans and leases held for sale $61,379
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,002
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $900
Derivatives$72
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,441
Total interest expense $580
Net interest income $1,861
Provision for loan and lease losses $50
Total noninterest income $287
Fiduciary activities $0
Service charges on deposit accounts $248
Trading account gains & fees $0
Additional noninterest income $39
Total noninterest expense $1,568
Salaries and employee benefits $756
Premises and equipment expense $167
Additional noninterest expense $645
Pre-tax net operating income $530
Securities gains (losses) $41
Applicable income taxes $0
Income before extraordinary items $571
Extraordinary gains - net $0
Net income attributable to bank $571
Net charge-offs $0
Cash dividends $571
Sale, conversion, retirement of capital stock, net $49
Net operating income $60
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.62%
Cost of funding earning assets 1.10%
Net interest margin 3.53%
Noninterest income to earning assets 0.54%
Noninterest expense to earning assets 2.97%
Net operating income to assets 0.92%
Return on assets (ROA) 0.99%
Pretax return on assets 0.99%
Return on equity (ROE) 11.51%
Retained earnings to average equity (YTD only) 10.30%
Net charge-offs to loans 0.20%
Credit loss provision to net charge-offs 102.04%
Efficiency ratio11.84%
Assets per employee$72,998
Cash dividends to net income (YTD only)4.94%
Condition Ratios (%)
Loss allowance to loans 10.51%
Loss allowance to noncurrent loans 2.47%
Noncurrent assets plus other real estate owned to assets 474.59%
Noncurrent loans to loans 0.32%
Net loans and leases to deposits0.52%
Net loans and leases to core deposits 40.31%
Equity capital to assets 40.31%
Core capital (leverage) ratio 8.90%
Tier 1 risk-based capital ratio 8.15%
Total risk-based capital ratio 15.21%
Memoranda
Average assets$16
Average earning assets$57,713
Average equity $4,959
Average loans $52,787
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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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