Blackhawk Bank & Trust in Milan, Illinois (IL), IA

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Blackhawk Bank & Trust
GeneralFDIC Certificate #: 18402
Status: Active
Federal Reserve ID: 890742
Bank Holding Company (Regulatory Top Holder): Blackhawk Bancorporation, Inc. (RSSDID: 1823345, Location: Milan, IL)
Date Established: June 28, 1961
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 16 (Domestic: 16, Interstate: Yes)
OTS Docket #: 11017
FDIC's unique #: 12308
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: June 28, 1961
Last Structure Change Effective Date: October 14, 2011
Last Structure Change Process Date: October 17, 2011
Last Data Update: October 17, 2011
Data Source Date: April 05, 2012
LocationAddress: 301 4th Street West, Milan, IL 61264
County: Rock Island
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): Davenport-Moline-Rock Island, IA-IL (#1960)
Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340)
CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
History of ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Financial SummaryTotal assets: $1,009.6 mil
Equity capital: $91.7 mil
Deposits held in domestic offices: $808.0 mil
Return on assets (ROA): 1.32% ($13.3 mil)
Quarterly return on assets: 1.55% ($15.7 mil)
Return on Equity (ROE): 14.26% ($13.1 mil)
Quarterly return on equity: 16.02% ($14.7 mil)
Net income: $11.9 mil
Quarterly Net income: $3.6 mil
Pretax return on assets: 1.96% ($19,787.8 mil)
Quarterly Pretax return on assets: 2.44% ($24,633.8 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)
Total employees (full-time equivalent)204
Total assets$1,009,581
Cash and due from depository institutions$45,490
Interest-bearing balances$26,469
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$427,899
Loan loss allowance $4,650
Trading account assets$0
Bank premises and fixed assets$17,486
Other real estate owned$4,039
Goodwill and other intangibles$2,680
All other assets$17,964
Life insurance assets$1,009,581
Total liabilities and capital$917,840
Total liabilities$807,993
Total deposits$713,475
Interest-bearing deposits$807,993
Deposits held in domestic offices$99
% insured (estimated)10019.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$94,015
Other borrowed funds $0
Subordinated debt $5,813
All other liabilities $91,741
Total equity capital$91,741
Total bank equity capital$91,741
Perpetual preferred stock$0
Common stock$3,200
Undivided profits $83,241
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $15,293
Earning assets $0
Long-term assets (5+ years) $6,059
Average Assets, year-to-date $948,391
Average Assets, quarterly $423,801
Volatile liabilities $895,383
Insider loans $938,036
FHLB advances $581,807
Loans and leases held for sale $1,032,051
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $82,896
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $52,762
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $40,522
Total interest expense $8,500
Net interest income $32,022
Provision for loan and lease losses $3,450
Total noninterest income $5,616
Fiduciary activities $155
Service charges on deposit accounts $1,151
Trading account gains & fees $0
Additional noninterest income $4,310
Total noninterest expense $18,304
Salaries and employee benefits $9,720
Premises and equipment expense $3,026
Additional noninterest expense $5,558
Pre-tax net operating income $15,884
Securities gains (losses) $1,643
Applicable income taxes $5,664
Income before extraordinary items $11,863
Extraordinary gains - net $0
Net income attributable to bank $11,863
Net charge-offs $0
Cash dividends $11,863
Sale, conversion, retirement of capital stock, net $3,408
Net operating income $1,808
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.80%
Cost of funding earning assets 1.01%
Net interest margin 3.80%
Noninterest income to earning assets 0.67%
Noninterest expense to earning assets 2.17%
Net operating income to assets 1.20%
Return on assets (ROA) 1.32%
Pretax return on assets 1.96%
Return on equity (ROE) 14.26%
Retained earnings to average equity (YTD only) 12.09%
Net charge-offs to loans 0.84%
Credit loss provision to net charge-offs 101.23%
Efficiency ratio5.67%
Assets per employee$47,043
Cash dividends to net income (YTD only)4.95%
Condition Ratios (%)
Loss allowance to loans 15.24%
Loss allowance to noncurrent loans 1.08%
Noncurrent assets plus other real estate owned to assets 30.41%
Noncurrent loans to loans 2.40%
Net loans and leases to deposits3.54%
Net loans and leases to core deposits 52.96%
Equity capital to assets 55.24%
Core capital (leverage) ratio 9.09%
Tier 1 risk-based capital ratio 8.03%
Total risk-based capital ratio 14.25%
Average assets$15
Average earning assets$895,383
Average equity $83,194
Average loans $843,536
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$23,728
Number of Accounts1
Personal trust and agency accounts$14,638
Employee benefit-defined contribution accounts$13,509
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$1,129
Non-managed Assets$0
Number of Accounts43
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$9,090
Corporate trust and agency accounts$8,853
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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13 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
012308Blackhawk Bank & Trust301 4th Street West, Milan, IL 61264June 28, 1961Full Service Brick and Mortar
1245286Drive-In Facility300 Fourth Street, West, Milan, IL 61264April 23, 1973Limited Service Facility
2245287Lil'hawk Facility4610 38th Street, Rock Island, IL 61201April 28, 1981Full Service Brick and Mortar
314080Coal Valley Facility200 First Street, Coal Valley, IL 61240June 01, 1971Full Service Brick and Mortar
4250968Moline Valley Facility4100 - 44th Avenue, Moline, IL 61265July 14, 1980Full Service Brick and Mortar
5245288Geneseo Facility225 U S Highway 6 East, Geneseo, IL 61254August 21, 1997Full Service Brick and Mortar
611009Silvis Branch11th Street And 1st Avenue, Silvis, IL 61282January 01, 1950Full Service Brick and Mortar
713605Colona Branch107 First Street, Colona, IL 61241May 01, 1968Full Service Brick and Mortar
8239540Moline Branch3600 70th Street, Moline, IL 61265June 08, 1998Full Service Brick and Mortar
9452993East Moline Branch1315 Avenue Of The Cities, East Moline, IL 61244July 18, 2006Full Service Brick and Mortar
13478961Parkway Branch2009 E. 10th Avenue, Milan, IL 61264January 28, 2008Full Service Brick and Mortar
1479500Country Bank Branch1308 Southeast 4th Street, Aledo, IL 61231March 08, 2000Full Service Brick and Mortar
15423201Edgington Branch13917 134th Avenue, West, Taylor Ridge, IL 61284October 20, 2003Full Service Brick and Mortar
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3 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1039813889 Elmore Avenue Branch3889 Elmore Avenue, Davenport, IA 52807April 08, 1908Full Service Brick and Mortar
1113449Leclaire Branch323 South Second Street, Leclaire, IA 52753December 01, 1966Full Service Brick and Mortar
12360182Princeton Branch335 River Drive, Princeton, IA 52768April 02, 2001Full Service Brick and Mortar
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