Canton State Bank in Canton, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 07, 1996

Canton State Bank in Canton, Illinois (IL)
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Canton State Bank - Overview

General
FDIC Certificate #: 16815
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank Illinois, National Association (#3667)
Federal Reserve ID: 301631
Date Established: July 30, 1949
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 10920
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: July 30, 1949
Last Structure Change Effective Date: March 07, 1996
Last Structure Change Process Date: March 19, 1996
Last Data Update: March 19, 1996
Data Source Date: April 05, 2012
Location
Address: 2 North Main Street, Canton, IL 61520
County: Fulton
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Springfield Il
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Peoria-Canton, IL (#426)
Core Based Statistical Area (CBSA): Canton, IL (#15900)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $51.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$20Total assets
$50,995Cash and due from depository institutions
$1,698Interest-bearing balances
$0Securities
$28,566Federal funds sold & reverse repurchase agreements
$600Net loans & leases
$18,029Loan loss allowance
$147Trading account assets
$0Bank premises and fixed assets
$864Other real estate owned
$57Goodwill and other intangibles
$1,181Life insurance assets
$0All other assets
$0Total liabilities and capital
$50,995Total liabilities
$44,397Total deposits
$43,228Interest-bearing deposits
$38,772Deposits held in domestic offices
43228.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,169Total equity capital
$1,169Total bank equity capital
$6,598Perpetual preferred stock
$0Common stock
$500Surplus
$1,000Undivided profits
Memoranda
$5,098Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$99Income earned, not collected on loans
$111Earning assets
$47,195Long-term assets (5+ years)
$8,187Average Assets, year-to-date
$50,802Average Assets, quarterly
$50,816Volatile liabilities
$1,007Insider loans
$472FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,080Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,619Total risk weighted assets
$20,403Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,550Total interest expense
$1,445Net interest income
$2,105Provision for loan and lease losses
-$55Total noninterest income
$446Fiduciary activities
$0Service charges on deposit accounts
$145Trading account gains & fees
$0Additional noninterest income
$301Total noninterest expense
$1,692Salaries and employee benefits
$835Premises and equipment expense
$189Additional noninterest expense
$668Pre-tax net operating income
$914Securities gains (losses)
-$1Applicable income taxes
$191Income before extraordinary items
$722Extraordinary gains - net
$0Net income attributable to bank
$722Net charge-offs
-$13Cash dividends
$375Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.52%Cost of funding earning assets
3.06%Net interest margin
4.46%Noninterest income to earning assets
0.94%Noninterest expense to earning assets
3.58%Net operating income to assets
1.42%Return on assets (ROA)
1.42%Pretax return on assets
1.80%Return on equity (ROE)
11.66%Retained earnings to average equity (YTD only)
5.60%Net charge-offs to loans
-0.07%Credit loss provision to net charge-offs
423.08%Efficiency ratio
66,327Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.94%Loss allowance to loans
0.81%Loss allowance to noncurrent loans
148.48%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
0.54%Net loans and leases to deposits
41.71%Net loans and leases to core deposits
42.70%Equity capital to assets
12.94%Core capital (leverage) ratio
13.09%Tier 1 risk-based capital ratio
32.44%Total risk-based capital ratio
Memoranda
$33Average assets
$50,802Average earning assets
$6,192Average equity
$47,239Average loans

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