FDIC Certificate #: 21982 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Iroquois Farmers State Bank (#11746) Federal Reserve ID: 601434 Date Established: April 17, 1975 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 15241 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: April 17, 1975 Last Structure Change Effective Date: April 23, 2010 Last Structure Change Process Date: May 11, 2010 Last Data Update: May 11, 2010 Data Source Date: April 05, 2012
Location
Address: 101 S Bank Street, Ashkum, IL 60911 County: Iroquois Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Champaign Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central
Financial Summary
Total assets: $38.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
11Total employees (full-time equivalent)
$38,182Total assets
$4,053Cash and due from depository institutions
$245Interest-bearing balances
$11,348Securities
$0Federal funds sold & reverse repurchase agreements
$20,951Net loans & leases
$216Loan loss allowance
$0Trading account assets
$264Bank premises and fixed assets
$38Other real estate owned
$0Goodwill and other intangibles
$1,012Life insurance assets
$1,528All other assets
$38,182Total liabilities and capital
$34,798Total liabilities
$34,607Total deposits
$26,889Interest-bearing deposits
$34,607Deposits held in domestic offices
93.78%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$191All other liabilities
$3,384Total equity capital
$3,384Total bank equity capital
$3,384Perpetual preferred stock
$0Common stock
$250Surplus
$750Undivided profits
Memoranda
$2,384Noncurrent loans and leases
$5,129Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$217Earning assets
$0Long-term assets (5+ years)
$324Average Assets, year-to-date
$32,544Average Assets, quarterly
$341Volatile liabilities
$37,268Insider loans
$37,228FHLB advances
$4,562Loans and leases held for sale
$866Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,129Total unused commitments
$0Restructured Loans and leases
$216Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$1,689Total interest income
$401Total interest expense
$1,288Net interest income
$51Provision for loan and lease losses
$225Total noninterest income
$0Fiduciary activities
$161Service charges on deposit accounts
$0Trading account gains & fees
$64Additional noninterest income
$1,025Total noninterest expense
$556Salaries and employee benefits
$111Premises and equipment expense
$358Additional noninterest expense
$437Pre-tax net operating income
$6Securities gains (losses)
$2Applicable income taxes
$441Income before extraordinary items
$0Extraordinary gains - net
$441Net income attributable to bank
$0Net charge-offs
$441Cash dividends
$56Sale, conversion, retirement of capital stock, net
$455Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.12%Yield on earning assets
1.22%Cost of funding earning assets
3.91%Net interest margin
0.68%Noninterest income to earning assets
3.11%Noninterest expense to earning assets
1.17%Net operating income to assets
1.18%Return on assets (ROA)
1.19%Pretax return on assets
12.96%Return on equity (ROE)
-0.41%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
91.07%Credit loss provision to net charge-offs
8.71%Efficiency ratio
67,746Assets per employee
3.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
103.17%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
99.54%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
1.03%Net loans and leases to deposits
60.54%Net loans and leases to core deposits
69.73%Equity capital to assets
8.86%Core capital (leverage) ratio
8.74%Tier 1 risk-based capital ratio
14.72%Total risk-based capital ratio
Memoranda
$16Average assets
$37,268Average earning assets
$3,404Average equity
$32,972Average loans
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