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

  • Bank of Springfield in Springfield, Illinois (IL)
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Bank of Springfield - Overview

  • General
  • FDIC Certificate #: 19506
    Status: Active
    Federal Reserve ID: 248240
    Bank Holding Company (Regulatory Top Holder): Spring Bancorp, Inc. (RSSDID: 1247361, Location: Springfield, IL)
    Date Established: October 29, 1965
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 12429
    FDIC's unique #: 13306
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 29, 1965
    Last Structure Change Effective Date: September 25, 2010
    Last Structure Change Process Date: October 01, 2010
    Last Data Update: October 01, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3400 West Wabash, Springfield, IL 62711
    County: Sangamon
    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
    Metropolitan Statistical Area (MSA): Springfield, IL (#7880)
    Core Based Statistical Area (CBSA): Springfield, IL (#44100)
    CBSA Metro Statistical Area: Springfield, IL (#44100)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $727.9 mil
    Equity capital: $57.9 mil
    Deposits held in domestic offices: $610.4 mil
    Return on assets (ROA): 0.46% ($3.3 mil)
    Quarterly return on assets: 0.66% ($4.8 mil)
    Return on Equity (ROE): 6.01% ($3.5 mil)
    Quarterly return on equity: 8.60% ($5.0 mil)
    Net income: $3.4 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 0.74% ($5,386.2 mil)
    Quarterly Pretax return on assets: 1.09% ($7,933.7 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
  • 209Total employees (full-time equivalent)
  • $727,866Total assets
  • $45,646Cash and due from depository institutions
  • $35,835Interest-bearing balances
  • $94,347Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $544,656Net loans & leases
  • $6,291Loan loss allowance
  • $0Trading account assets
  • $20,647Bank premises and fixed assets
  • $875Other real estate owned
  • $5,756Goodwill and other intangibles
  • $727,865Life insurance assets
  • $15,939All other assets
  • $670,000Total liabilities and capital
  • $610,447Total liabilities
  • $497,800Total deposits
  • $610,447Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 25164.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $26,500Trading liabilities
  • $0Other borrowed funds
  • $7,889Subordinated debt
  • $57,865All other liabilities
  • $57,865Total equity capital
  • $57,865Total bank equity capital
  • $0Perpetual preferred stock
  • $901Common stock
  • $20,810Surplus
  • $36,154Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,944Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,556Income earned, not collected on loans
  • $0Earning assets
  • $2,941Long-term assets (5+ years)
  • $674,838Average Assets, year-to-date
  • $73,550Average Assets, quarterly
  • $726,408Volatile liabilities
  • $735,143Insider loans
  • $573,398FHLB advances
  • $739,816Loans and leases held for sale
  • $5,223Unused loan commitments
  • $3,750Tier 1 (core) risk-based capital
  • $57,431Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,473Total unused commitments
  • $131,402Restructured Loans and leases
  • $16,250Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,905Total interest income
  • $7,793Total interest expense
  • $24,112Net interest income
  • $3,075Provision for loan and lease losses
  • $7,531Total noninterest income
  • $176Fiduciary activities
  • $992Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,363Additional noninterest income
  • $23,285Total noninterest expense
  • $12,710Salaries and employee benefits
  • $3,354Premises and equipment expense
  • $7,221Additional noninterest expense
  • $5,283Pre-tax net operating income
  • $69Securities gains (losses)
  • $2,002Applicable income taxes
  • $3,350Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,350Net income attributable to bank
  • $0Net charge-offs
  • $3,350Cash dividends
  • $2,254Sale, conversion, retirement of capital stock, net
  • $886Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 3.57%Net interest margin
  • 1.12%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 6.01%Return on equity (ROE)
  • 4.42%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 136.42%Credit loss provision to net charge-offs
  • 3.71%Efficiency ratio
  • 73,558Assets per employee
  • 3.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.45%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 113.23%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 89.22%Net loans and leases to core deposits
  • 92.87%Equity capital to assets
  • 7.95%Core capital (leverage) ratio
  • 7.76%Tier 1 risk-based capital ratio
  • 10.02%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $726,408Average earning assets
  • $55,776Average equity
  • $674,673Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $32,474Managed Assets
  • 1Number of Accounts
  • $24,145Personal trust and agency accounts
  • $9,725Employee benefit-defined contribution accounts
  • $12,681Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,739Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 55Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8,329Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $325Fiduciary accounts held in foreign offices

List of branches

  • 9 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013306Bank Of Springfield3400 West Wabash, Springfield, IL 62711October 29, 1965Full Service Brick and Mortar
    1248549Stevenson Drive Branch2600 Stevenson Drive, Springfield, IL 62703January 29, 1996Full Service Brick and Mortar
    2357889Jacksonville Branch1701 W. Morton Avenue, Jacksonville, IL 62650Febuary 14, 2000Full Service Brick and Mortar
    3363614Madison Street Branch850 East Madison Street, Springfield, IL 62701April 29, 2002Full Service Brick and Mortar
    4462021Swansea Branch1717 North Illinois Street, Swansea, IL 62226April 02, 2007Full Service Brick and Mortar
    5480473Quincy Branch1828 Broadway Street, Suite F, Quincy, IL 62301August 27, 2008Full Service Brick and Mortar
    6511981Chatham Il Branch1140 Commercial Court, Suite A, Chatham, IL 62629August 30, 2010Full Service Brick and Mortar
    744134Jacksonville Branch303 W. College, Jacksonville, IL 62650January 01, 1961Full Service Brick and Mortar
    8521876Shiloh Branch1770 Frank Scott Parkway East, Shiloh, IL 62269September 07, 2010Full Service Brick and Mortar

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