Central Bank in Ashkum, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 23, 2010

Central Bank - Overview

  • General
  • 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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