Better Banks in Peoria, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Better Banks - Overview

  • General
  • FDIC Certificate #: 1808
    Status: Active
    Federal Reserve ID: 851631
    Bank Holding Company (Regulatory Top Holder): Backlund Investment Co. (RSSDID: 1095058, Location: Peoria, IL)
    Date Established: January 01, 1898
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 15971
    FDIC's unique #: 1201
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 18, 2011
    Last Structure Change Process Date: June 24, 2011
    Last Data Update: June 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 10225 North Knoxville Avenue, Peoria, IL 61615
    County: Peoria
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Peoria-Pekin, IL (#6120)
    Combined Statistical Area (CSA): Peoria-Canton, IL (#426)
    Core Based Statistical Area (CBSA): Peoria, IL (#37900)
    CBSA Metro Statistical Area: Peoria, IL (#37900)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $219.2 mil
    Equity capital: $18.0 mil
    Deposits held in domestic offices: $196.1 mil
    Return on assets (ROA): 0.81% ($1.8 mil)
    Quarterly return on assets: 0.71% ($1.6 mil)
    Return on Equity (ROE): 9.56% ($1.7 mil)
    Quarterly return on equity: 8.45% ($1.5 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.81% ($1,775.8 mil)
    Quarterly Pretax return on assets: 0.71% ($1,556.6 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
  • 60Total employees (full-time equivalent)
  • $219,234Total assets
  • $39,026Cash and due from depository institutions
  • $36,880Interest-bearing balances
  • $89,390Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $87,638Net loans & leases
  • $1,027Loan loss allowance
  • $0Trading account assets
  • $1,114Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $219,234Life insurance assets
  • $2,066All other assets
  • $201,280Total liabilities and capital
  • $196,087Total liabilities
  • $166,560Total deposits
  • $196,087Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 4750.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $443Subordinated debt
  • $17,954All other liabilities
  • $17,954Total equity capital
  • $17,954Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $3,280Surplus
  • $14,574Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14Income earned, not collected on loans
  • $0Earning assets
  • $751Long-term assets (5+ years)
  • $213,908Average Assets, year-to-date
  • $3,367Average Assets, quarterly
  • $215,059Volatile liabilities
  • $219,560Insider loans
  • $76,933FHLB advances
  • $220,601Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,294Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,995Restructured Loans and leases
  • $1,158Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,421Total interest income
  • $882Total interest expense
  • $5,539Net interest income
  • $100Provision for loan and lease losses
  • $1,671Total noninterest income
  • $0Fiduciary activities
  • $532Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,139Additional noninterest income
  • $5,369Total noninterest expense
  • $3,082Salaries and employee benefits
  • $548Premises and equipment expense
  • $1,739Additional noninterest expense
  • $1,741Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,741Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,741Net income attributable to bank
  • $0Net charge-offs
  • $1,741Cash dividends
  • $166Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.06%Yield on earning assets
  • 0.42%Cost of funding earning assets
  • 2.64%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 2.56%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 9.56%Return on equity (ROE)
  • 2.97%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 60.24%Credit loss provision to net charge-offs
  • 11.09%Efficiency ratio
  • 74,466Assets per employee
  • 3.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.93%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 7335.71%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 44.69%Net loans and leases to core deposits
  • 46.34%Equity capital to assets
  • 8.19%Core capital (leverage) ratio
  • 7.84%Tier 1 risk-based capital ratio
  • 22.48%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $215,059Average earning assets
  • $18,203Average equity
  • $209,960Average loans

List of branches

  • 6 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01201Better Banks10225 North Knoxville Avenue, Peoria, IL 61615January 01, 1898Full Service Brick and Mortar
    26702Bartonville Bank Branch5600 South Adams Street, Bartonville, IL 61607November 01, 1930Full Service Brick and Mortar
    3222433Bartonville Facility1204 West Garfield, Bartonville, IL 61607December 21, 1982Full Service Brick and Mortar
    4453963Dunlap BranchB And 2nd Streets, Dunlap, IL 61525September 17, 2004Full Service Brick and Mortar
    59473Wyoming Bank & Trust Company - Branc200 West Williams Street, Wyoming, IL 61491April 20, 1935Full Service Brick and Mortar
    616346Farmers State Bank Branch122 West Broadway, Astoria, IL 61501January 02, 1981Full Service Brick and Mortar

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