Bank of Farmington in Farmington, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Farmington - Overview

  • General
  • FDIC Certificate #: 11732
    Status: Active
    Federal Reserve ID: 976534
    Bank Holding Company (Regulatory Top Holder): Farmington Bancorp, Inc. (RSSDID: 1491717, Location: Farmington, IL)
    Date Established: January 01, 1903
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 7503
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    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: 16 North Main Street, Farmington, IL 61531
    County: Fulton
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Springfield Il
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): Peoria-Canton, IL (#426)
    Core Based Statistical Area (CBSA): Canton, IL (#15900)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $112.8 mil
    Equity capital: $12.9 mil
    Deposits held in domestic offices: $97.1 mil
    Return on assets (ROA): 1.38% ($1.6 mil)
    Quarterly return on assets: 1.16% ($1.3 mil)
    Return on Equity (ROE): 12.16% ($1.6 mil)
    Quarterly return on equity: 9.96% ($1.3 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.89% ($2,132.4 mil)
    Quarterly Pretax return on assets: 1.87% ($2,109.8 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
  • 19Total employees (full-time equivalent)
  • $112,826Total assets
  • $5,552Cash and due from depository institutions
  • $1,561Interest-bearing balances
  • $34,297Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $68,275Net loans & leases
  • $824Loan loss allowance
  • $0Trading account assets
  • $1,487Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $112,826Life insurance assets
  • $3,215All other assets
  • $99,946Total liabilities and capital
  • $97,054Total liabilities
  • $86,522Total deposits
  • $97,054Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 1000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $600Trading liabilities
  • $0Other borrowed funds
  • $1,292Subordinated debt
  • $12,880All other liabilities
  • $12,880Total equity capital
  • $12,880Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $850Surplus
  • $11,630Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,113Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $139Income earned, not collected on loans
  • $0Earning assets
  • $1,009Long-term assets (5+ years)
  • $104,133Average Assets, year-to-date
  • $36,509Average Assets, quarterly
  • $105,883Volatile liabilities
  • $110,115Insider loans
  • $75,286FHLB advances
  • $108,802Loans and leases held for sale
  • $1,793Unused loan commitments
  • $1,793Tier 1 (core) risk-based capital
  • $12,094Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,531Restructured Loans and leases
  • $1,324Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,176Total interest income
  • $1,169Total interest expense
  • $4,007Net interest income
  • $181Provision for loan and lease losses
  • $334Total noninterest income
  • $0Fiduciary activities
  • $177Service charges on deposit accounts
  • $0Trading account gains & fees
  • $157Additional noninterest income
  • $2,243Total noninterest expense
  • $1,195Salaries and employee benefits
  • $223Premises and equipment expense
  • $825Additional noninterest expense
  • $1,917Pre-tax net operating income
  • $83Securities gains (losses)
  • $541Applicable income taxes
  • $1,459Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,459Net income attributable to bank
  • $0Net charge-offs
  • $1,459Cash dividends
  • $63Sale, conversion, retirement of capital stock, net
  • $378Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.34%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.31%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.89%Pretax return on assets
  • 12.16%Return on equity (ROE)
  • 9.01%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 287.30%Credit loss provision to net charge-offs
  • 33.30%Efficiency ratio
  • 51,670Assets per employee
  • 5.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.91%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 592.81%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 70.35%Net loans and leases to core deposits
  • 73.40%Equity capital to assets
  • 11.42%Core capital (leverage) ratio
  • 11.12%Tier 1 risk-based capital ratio
  • 16.06%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $105,883Average earning assets
  • $11,999Average equity
  • $97,008Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07503Bank Of Farmington16 North Main Street, Farmington, IL 61531January 01, 1903Full Service Brick and Mortar
    1477853Bank Of Farmington At Canton Branch2115 N Main St, Canton, IL 61520September 15, 2007Full Service Brick and Mortar

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