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

Bank of Modesto - Overview

  • General
  • FDIC Certificate #: 17355
    Status: Active
    Federal Reserve ID: 509642
    Bank Holding Company (Regulatory Top Holder): Mc Bancorp, Inc. (RSSDID: 1132458, Location: Modesto, IL)
    Date Established: September 01, 1891
    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 #: 11364
    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: October 01, 1954
    Last Structure Change Effective Date: December 31, 2009
    Last Structure Change Process Date: March 29, 2010
    Last Data Update: March 29, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 East State Street, Modesto, IL 62667
    County: Macoupin
    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): St. Louis-St. Charles-Farmington, MO-IL (#476)
    Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
    CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $40.6 mil
    Equity capital: $4.0 mil
    Deposits held in domestic offices: $36.5 mil
    Return on assets (ROA): 0.60% ($0.2 mil)
    Quarterly return on assets: 0.52% ($0.2 mil)
    Return on Equity (ROE): 6.09% ($0.2 mil)
    Quarterly return on equity: 5.28% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.88% ($357.2 mil)
    Quarterly Pretax return on assets: 0.63% ($255.7 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
  • 11Total employees (full-time equivalent)
  • $40,586Total assets
  • $3,257Cash and due from depository institutions
  • $1,390Interest-bearing balances
  • $12,454Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $23,528Net loans & leases
  • $200Loan loss allowance
  • $0Trading account assets
  • $488Bank premises and fixed assets
  • $0Other real estate owned
  • $327Goodwill and other intangibles
  • $40,587Life insurance assets
  • $532All other assets
  • $36,576Total liabilities and capital
  • $36,514Total liabilities
  • $30,528Total deposits
  • $36,514Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $62Subordinated debt
  • $4,011All other liabilities
  • $4,011Total equity capital
  • $4,011Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $800Surplus
  • $3,011Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $305Income earned, not collected on loans
  • $0Earning assets
  • $372Long-term assets (5+ years)
  • $37,372Average Assets, year-to-date
  • $1,006Average Assets, quarterly
  • $39,901Volatile liabilities
  • $40,529Insider loans
  • $26,972FHLB advances
  • $40,709Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,684Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,501Restructured Loans and leases
  • $1,131Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,531Total interest income
  • $231Total interest expense
  • $1,300Net interest income
  • $6Provision for loan and lease losses
  • $111Total noninterest income
  • $0Fiduciary activities
  • $84Service charges on deposit accounts
  • $0Trading account gains & fees
  • $27Additional noninterest income
  • $1,055Total noninterest expense
  • $567Salaries and employee benefits
  • $154Premises and equipment expense
  • $334Additional noninterest expense
  • $350Pre-tax net operating income
  • $0Securities gains (losses)
  • $110Applicable income taxes
  • $240Income before extraordinary items
  • $0Extraordinary gains - net
  • $240Net income attributable to bank
  • $0Net charge-offs
  • $240Cash dividends
  • -$15Sale, conversion, retirement of capital stock, net
  • $65Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.18%Yield on earning assets
  • 0.63%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 6.09%Return on equity (ROE)
  • 4.44%Retained earnings to average equity (YTD only)
  • -0.07%Net charge-offs to loans
  • -40.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 69,454Assets per employee
  • 3.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.08%Loss allowance to loans
  • 0.84%Loss allowance to noncurrent loans
  • 65.57%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 64.44%Net loans and leases to core deposits
  • 65.36%Equity capital to assets
  • 9.88%Core capital (leverage) ratio
  • 9.05%Tier 1 risk-based capital ratio
  • 13.66%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $39,901Average earning assets
  • $3,943Average equity
  • $36,627Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011364Bank Of Modesto201 East State Street, Modesto, IL 62667September 01, 1891Full Service Brick and Mortar
    111155Palmyra Branch332 North Main Street, Palmyra, IL 62674May 24, 1952Full Service Brick and Mortar

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