Bank South, Federal Savings Bank in Harrisburg, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 14, 1993

Bank South, Federal Savings Bank in Harrisburg, Illinois (IL)
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Bank South, Federal Savings Bank - Overview

General
FDIC Certificate #: 31181
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The First National Bank of Harrisburg (#3800)
Federal Reserve ID: 957270
Date Established: June 22, 1960
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 6500
FDIC's unique #: 44015
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: June 22, 1960
Last Structure Change Effective Date: January 14, 1993
Last Structure Change Process Date: Febuary 23, 1993
Last Data Update: Febuary 23, 1993
Data Source Date: April 05, 2012
Location
Address: 401 East Poplar Street, Harrisburg, IL 62946
County: Saline
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
Core Based Statistical Area (CBSA): Harrisburg, IL (#25380)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $50.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$19Total assets
$50,230Cash and due from depository institutions
$11,110Interest-bearing balances
$10,970Securities
$12,709Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$24,461Loan loss allowance
$556Trading account assets
$0Bank premises and fixed assets
$991Other real estate owned
$42Goodwill and other intangibles
$917Life insurance assets
$0All other assets
$0Total liabilities and capital
$50,230Total liabilities
$47,391Total deposits
$46,307Interest-bearing deposits
$45,903Deposits held in domestic offices
46307.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$390Subordinated debt
$0All other liabilities
$694Total equity capital
$694Total bank equity capital
$2,839Perpetual preferred stock
$0Common stock
$235Surplus
$2,029Undivided profits
Memoranda
$575Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$815Income earned, not collected on loans
$146Earning assets
$48,140Long-term assets (5+ years)
$0Average Assets, year-to-date
$52,407Average Assets, quarterly
$50,869Volatile liabilities
$3,566Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$520Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,761Total risk weighted assets
$19,737Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$3,800Total interest expense
$2,247Net interest income
$1,553Provision for loan and lease losses
$120Total noninterest income
$242Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$242Total noninterest expense
$979Salaries and employee benefits
$423Premises and equipment expense
$223Additional noninterest expense
$333Pre-tax net operating income
$696Securities gains (losses)
$127Applicable income taxes
$274Income before extraordinary items
$549Extraordinary gains - net
$0Net income attributable to bank
$549Net charge-offs
$0Cash dividends
$117Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.58%Cost of funding earning assets
4.48%Net interest margin
3.10%Noninterest income to earning assets
0.48%Noninterest expense to earning assets
1.95%Net operating income to assets
0.89%Return on assets (ROA)
1.05%Pretax return on assets
1.57%Return on equity (ROE)
20.77%Retained earnings to average equity (YTD only)
16.34%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
54,540Assets per employee
2.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
21.31%Loss allowance to loans
2.22%Loss allowance to noncurrent loans
68.22%Noncurrent assets plus other real estate owned to assets
1.71%Noncurrent loans to loans
3.26%Net loans and leases to deposits
52.82%Net loans and leases to core deposits
56.71%Equity capital to assets
5.65%Core capital (leverage) ratio
5.50%Tier 1 risk-based capital ratio
13.99%Total risk-based capital ratio
Memoranda
$15Average assets
$52,407Average earning assets
$2,644Average equity
$50,130Average loans

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