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Table of contents:
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)42
Total assets$143,353
Cash and due from depository institutions$6,818
Interest-bearing balances$966
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$101,339
Loan loss allowance $1,052
Trading account assets$4,085
Bank premises and fixed assets$6,240
Other real estate owned$106
Goodwill and other intangibles$2,345
All other assets$3,541
Life insurance assets$143,353
Total liabilities and capital$129,079
Total liabilities$123,546
Total deposits$99,498
Interest-bearing deposits$123,546
Deposits held in domestic offices$96
% insured (estimated)4580.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$550
Other borrowed funds $0
Subordinated debt $403
All other liabilities $14,274
Total equity capital$14,274
Total bank equity capital$14,274
Perpetual preferred stock$0
Common stock$746
Undivided profits $1,845
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,086
Income earned, not collected on loans $17
Earning assets $0
Long-term assets (5+ years) $683
Average Assets, year-to-date $125,269
Average Assets, quarterly $23,060
Volatile liabilities $102,477
Insider loans $121,630
FHLB advances $93,253
Loans and leases held for sale $115,831
Unused loan commitments $1,731
Tier 1 (core) risk-based capital $1,731
Tier 2 risk-based capital $11,301
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,883
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,862
Total interest expense $603
Net interest income $4,259
Provision for loan and lease losses $230
Total noninterest income $1,104
Fiduciary activities $0
Service charges on deposit accounts $259
Trading account gains & fees $0
Additional noninterest income $845
Total noninterest expense $2,845
Salaries and employee benefits $1,787
Premises and equipment expense $193
Additional noninterest expense $865
Pre-tax net operating income $2,288
Securities gains (losses) $53
Applicable income taxes $30
Income before extraordinary items $2,311
Extraordinary gains - net $0
Net income attributable to bank $2,311
Net charge-offs $0
Cash dividends $2,311
Sale, conversion, retirement of capital stock, net $17
Net operating income $2,325
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.37%
Cost of funding earning assets 0.67%
Net interest margin 4.71%
Noninterest income to earning assets 1.22%
Noninterest expense to earning assets 3.14%
Net operating income to assets 2.20%
Return on assets (ROA) 2.26%
Pretax return on assets 2.28%
Return on equity (ROE) 22.73%
Retained earnings to average equity (YTD only) -0.14%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 1352.94%
Efficiency ratio148.12%
Assets per employee$51,762
Cash dividends to net income (YTD only)3.41%
Condition Ratios (%)
Loss allowance to loans 100.61%
Loss allowance to noncurrent loans 1.03%
Noncurrent assets plus other real estate owned to assets 6188.24%
Noncurrent loans to loans 0.09%
Net loans and leases to deposits0.02%
Net loans and leases to core deposits 82.03%
Equity capital to assets 85.61%
Core capital (leverage) ratio 9.96%
Tier 1 risk-based capital ratio 9.76%
Total risk-based capital ratio 12.12%
Average assets$13
Average earning assets$102,477
Average equity $10,167
Average loans $90,516
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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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