Overview, Financial Summary, Detailed Financial Reports, Branches

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  • General
  • FDIC Certificate #: 3846
    Status: Active
    Federal Reserve ID: 273840
    Bank Holding Company (Regulatory Top Holder): Cedar Bancorp, Inc. (RSSDID: 3575264, Location: Mount Vernon, IL)
    Date Established: November 05, 1906
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 2503
    Numeric code: 13
    Regulator: FED
    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: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 05, 2011
    Last Structure Change Process Date: November 09, 2011
    Last Data Update: November 09, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 117 North 10th Street, Mount Vernon, IL 62864
    County: Jefferson
    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
    Core Based Statistical Area (CBSA): Mount Vernon, IL (#34500)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $143.4 mil
    Equity capital: $14.3 mil
    Deposits held in domestic offices: $123.5 mil
    Return on assets (ROA): 2.26% ($3.2 mil)
    Quarterly return on assets: 2.00% ($2.9 mil)
    Return on Equity (ROE): 22.73% ($3.2 mil)
    Quarterly return on equity: 20.07% ($2.8 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 2.28% ($3,268.4 mil)
    Quarterly Pretax return on assets: 2.00% ($2,867.1 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
  • 42Total employees (full-time equivalent)
  • $143,353Total assets
  • $6,818Cash and due from depository institutions
  • $966Interest-bearing balances
  • $18,879Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $101,339Net loans & leases
  • $1,052Loan loss allowance
  • $4,085Trading account assets
  • $6,240Bank premises and fixed assets
  • $106Other real estate owned
  • $2,345Goodwill and other intangibles
  • $143,353Life insurance assets
  • $3,541All other assets
  • $129,079Total liabilities and capital
  • $123,546Total liabilities
  • $99,498Total deposits
  • $123,546Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 4580.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $550Trading liabilities
  • $0Other borrowed funds
  • $403Subordinated debt
  • $14,274All other liabilities
  • $14,274Total equity capital
  • $14,274Total bank equity capital
  • $0Perpetual preferred stock
  • $746Common stock
  • $11,683Surplus
  • $1,845Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,086Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17Income earned, not collected on loans
  • $0Earning assets
  • $683Long-term assets (5+ years)
  • $125,269Average Assets, year-to-date
  • $23,060Average Assets, quarterly
  • $102,477Volatile liabilities
  • $121,630Insider loans
  • $93,253FHLB advances
  • $115,831Loans and leases held for sale
  • $1,731Unused loan commitments
  • $1,731Tier 1 (core) risk-based capital
  • $11,301Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,883Restructured Loans and leases
  • $4,760Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,862Total interest income
  • $603Total interest expense
  • $4,259Net interest income
  • $230Provision for loan and lease losses
  • $1,104Total noninterest income
  • $0Fiduciary activities
  • $259Service charges on deposit accounts
  • $0Trading account gains & fees
  • $845Additional noninterest income
  • $2,845Total noninterest expense
  • $1,787Salaries and employee benefits
  • $193Premises and equipment expense
  • $865Additional noninterest expense
  • $2,288Pre-tax net operating income
  • $53Securities gains (losses)
  • $30Applicable income taxes
  • $2,311Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,311Net income attributable to bank
  • $0Net charge-offs
  • $2,311Cash dividends
  • $17Sale, conversion, retirement of capital stock, net
  • $2,325Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.37%Yield on earning assets
  • 0.67%Cost of funding earning assets
  • 4.71%Net interest margin
  • 1.22%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 2.20%Net operating income to assets
  • 2.26%Return on assets (ROA)
  • 2.28%Pretax return on assets
  • 22.73%Return on equity (ROE)
  • -0.14%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 1352.94%Credit loss provision to net charge-offs
  • 148.12%Efficiency ratio
  • 51,762Assets per employee
  • 3.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 100.61%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 6188.24%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 82.03%Net loans and leases to core deposits
  • 85.61%Equity capital to assets
  • 9.96%Core capital (leverage) ratio
  • 9.76%Tier 1 risk-based capital ratio
  • 12.12%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $102,477Average earning assets
  • $10,167Average equity
  • $90,516Average loans

List of branches

  • 5 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02503Community First Bank Of The Heartlan117 North 10th Street, Mount Vernon, IL 62864November 05, 1906Full Service Brick and Mortar
    1201988Woodlawn Facility300 S. Central Street, Woodlawn, IL 62898March 31, 1986Full Service Brick and Mortar
    2201989Ina Banking Center Branch111 West 3rd Street, Ina, IL 62846March 22, 1999Full Service Brick and Mortar
    36666Dix Branch312 North Main Street, Dix, IL 62830June 09, 1909Full Service Brick and Mortar
    4433866Mount Vernon Branch900 South 42nd Street, Mount Vernon, IL 62864January 08, 2005Full Service Brick and Mortar

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