Banterra Bank of Norris City in Norris City, Illinois (IL)



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Banterra Bank of Norris City
GeneralFDIC Certificate #: 11723
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Banterra Bank Group (#16578)
Federal Reserve ID: 409443
Date Established: April 13, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 7497
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 22, 1995
Last Structure Change Process Date: October 24, 1995
Last Data Update: October 24, 1995
Data Source Date: April 05, 2012
LocationAddress: East Main Street, Norris City, IL 62869
County: White
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
Financial SummaryTotal assets: $40.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$11
Cash and due from depository institutions$38,775
Interest-bearing balances$1,778
Securities$890
Federal funds sold & reverse repurchase agreements$11,155
Net loans & leases$1,100
Loan loss allowance $23,714
Trading account assets$481
Bank premises and fixed assets$0
Other real estate owned$313
Goodwill and other intangibles$0
All other assets$0
Life insurance assets$715
Total liabilities and capital$0
Total liabilities$38,775
Total deposits$35,044
Interest-bearing deposits$34,841
Deposits held in domestic offices$32,528
% insured (estimated)34841.00%
Federal funds purchased & repurchase agreements $90
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$203
Total bank equity capital$203
Perpetual preferred stock$3,731
Common stock$0
Surplus$427
Undivided profits $1,073
Memoranda
Noncurrent loans and leases $2,231
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $126
Earning assets $453
Long-term assets (5+ years) $36,859
Average Assets, year-to-date $1,267
Average Assets, quarterly $36,853
Volatile liabilities $37,908
Insider loans $7,276
FHLB advances $664
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $1,671
Tier 2 risk-based capital $0
Total risk weighted assets $3,803
Total unused commitments $25,385
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $2,706
Net interest income $1,112
Provision for loan and lease losses $1,594
Total noninterest income $95
Fiduciary activities $178
Service charges on deposit accounts $0
Trading account gains & fees $114
Additional noninterest income $0
Total noninterest expense $64
Salaries and employee benefits $693
Premises and equipment expense $270
Additional noninterest expense $59
Pre-tax net operating income $364
Securities gains (losses) $984
Applicable income taxes $2
Income before extraordinary items $351
Extraordinary gains - net $635
Net income attributable to bank $0
Net charge-offs $635
Cash dividends $15
Sale, conversion, retirement of capital stock, net $400
Net operating income $0
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.71%
Net interest margin 3.17%
Noninterest income to earning assets 4.54%
Noninterest expense to earning assets 0.51%
Net operating income to assets 1.98%
Return on assets (ROA) 1.72%
Pretax return on assets 1.72%
Return on equity (ROE) 2.68%
Retained earnings to average equity (YTD only) 17.42%
Net charge-offs to loans 6.45%
Credit loss provision to net charge-offs 0.06%
Efficiency ratio633.33%
Assets per employee$39,108
Cash dividends to net income (YTD only)3.52%
Condition Ratios (%)
Loss allowance to loans 62.99%
Loss allowance to noncurrent loans 1.99%
Noncurrent assets plus other real estate owned to assets 381.75%
Noncurrent loans to loans 0.32%
Net loans and leases to deposits0.52%
Net loans and leases to core deposits 68.06%
Equity capital to assets 86.03%
Core capital (leverage) ratio 9.62%
Tier 1 risk-based capital ratio 9.95%
Total risk-based capital ratio 14.98%
Memoranda
Average assets$16
Average earning assets$36,853
Average equity $3,645
Average loans $35,084
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