Citizens Savings Bank in Bloomington, Illinois (IL)

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Citizens Savings Bank
GeneralFDIC Certificate #: 28428
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Main Street Bank & Trust (#10842)
Federal Reserve ID: 407373
Date Established: January 01, 1888
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 1570
FDIC's unique #: 41262
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: June 23, 1952
Last Structure Change Effective Date: October 08, 2005
Last Structure Change Process Date: October 14, 2005
Last Data Update: October 14, 2005
Data Source Date: April 05, 2012
LocationAddress: 2101 North Veterans Parkway, Bloomington, IL 61704
County: Mclean
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
Metropolitan Statistical Area (MSA): Bloomington-Normal, IL (#1040)
Core Based Statistical Area (CBSA): Bloomington-Normal, IL (#14060)
CBSA Metro Statistical Area: Bloomington-Normal, IL (#14060)
Financial SummaryTotal assets: $316.8 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)85
Total assets$322,150
Cash and due from depository institutions$27,635
Interest-bearing balances$22,199
Federal funds sold & reverse repurchase agreements$8,207
Net loans & leases$231,546
Loan loss allowance $2,686
Trading account assets$0
Bank premises and fixed assets$5,515
Other real estate owned$92
Goodwill and other intangibles$356
All other assets$22,747
Life insurance assets$0
Total liabilities and capital$322,150
Total liabilities$290,167
Total deposits$231,508
Interest-bearing deposits$208,330
Deposits held in domestic offices$231,508
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $56,675
Subordinated debt $0
All other liabilities $1,984
Total equity capital$31,983
Total bank equity capital$31,983
Perpetual preferred stock$31,983
Common stock$0
Undivided profits $14,713
Noncurrent loans and leases $17,269
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $25,284
Income earned, not collected on loans $0
Earning assets $725
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,168
Average Assets, quarterly $288,004
Volatile liabilities $86,757
Insider loans $332,652
FHLB advances $322,458
Loans and leases held for sale $59,619
Unused loan commitments $6,617
Tier 1 (core) risk-based capital $56,675
Tier 2 risk-based capital $0
Total risk weighted assets $587
Total unused commitments $25,284
Restructured Loans and leases $0
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $17,344
Total interest expense $6,612
Net interest income $10,732
Provision for loan and lease losses -$473
Total noninterest income $1,958
Fiduciary activities $0
Service charges on deposit accounts $818
Trading account gains & fees $0
Additional noninterest income $1,140
Total noninterest expense $7,964
Salaries and employee benefits $4,462
Premises and equipment expense $1,051
Additional noninterest expense $2,451
Pre-tax net operating income $5,199
Securities gains (losses) $0
Applicable income taxes $1,822
Income before extraordinary items $3,377
Extraordinary gains - net $0
Net income attributable to bank $3,377
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$137
Net operating income $1,725
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.86%
Cost of funding earning assets 2.24%
Net interest margin 3.63%
Noninterest income to earning assets 0.66%
Noninterest expense to earning assets 2.69%
Net operating income to assets 1.02%
Return on assets (ROA) 1.02%
Pretax return on assets 1.56%
Return on equity (ROE) 10.83%
Retained earnings to average equity (YTD only) 5.30%
Net charge-offs to loans -0.05%
Credit loss provision to net charge-offs 345.26%
Efficiency ratio0.00%
Assets per employee$62,758
Cash dividends to net income (YTD only)3.79%
Condition Ratios (%)
Loss allowance to loans 51.08%
Loss allowance to noncurrent loans 1.15%
Noncurrent assets plus other real estate owned to assets 370.48%
Noncurrent loans to loans 0.25%
Net loans and leases to deposits0.31%
Net loans and leases to core deposits 100.02%
Equity capital to assets 118.20%
Core capital (leverage) ratio 9.93%
Tier 1 risk-based capital ratio 9.92%
Total risk-based capital ratio 15.42%
Average assets$17
Average earning assets$332,652
Average equity $31,193
Average loans $295,739
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