Citizens State Bank of Milford in Milford, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Citizens State Bank of Milford - Overview

  • General
  • FDIC Certificate #: 931
    Status: Active
    Federal Reserve ID: 771047
    Bank Holding Company (Regulatory Top Holder): Arthur R. Murray, Inc. (RSSDID: 1201390, Location: Milford, IL)
    Date Established: September 23, 1907
    WWW: http://www.thefarmbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 14032
    FDIC's unique #: 604
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 36 East Jones Street, Milford, IL 60953
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $50.7 mil
    Equity capital: $4.6 mil
    Deposits held in domestic offices: $45.6 mil
    Return on assets (ROA): 1.27% ($0.6 mil)
    Quarterly return on assets: 0.84% ($0.4 mil)
    Return on Equity (ROE): 14.96% ($0.7 mil)
    Quarterly return on equity: 9.47% ($0.5 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.27% ($644.1 mil)
    Quarterly Pretax return on assets: 0.84% ($426.0 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
  • 18Total employees (full-time equivalent)
  • $50,713Total assets
  • $6,635Cash and due from depository institutions
  • $5,191Interest-bearing balances
  • $12,088Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $29,417Net loans & leases
  • $119Loan loss allowance
  • $0Trading account assets
  • $309Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $50,713Life insurance assets
  • $2,264All other assets
  • $46,087Total liabilities and capital
  • $45,555Total liabilities
  • $35,875Total deposits
  • $45,555Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 458.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $74Subordinated debt
  • $4,626All other liabilities
  • $4,626Total equity capital
  • $4,626Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $1,695Surplus
  • $2,631Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,175Income earned, not collected on loans
  • $0Earning assets
  • $867Long-term assets (5+ years)
  • $46,696Average Assets, year-to-date
  • $10,482Average Assets, quarterly
  • $48,358Volatile liabilities
  • $51,189Insider loans
  • $33,289FHLB advances
  • $51,057Loans and leases held for sale
  • $651Unused loan commitments
  • $651Tier 1 (core) risk-based capital
  • $3,898Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,995Restructured Loans and leases
  • $895Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,153Total interest income
  • $293Total interest expense
  • $1,860Net interest income
  • $0Provision for loan and lease losses
  • $302Total noninterest income
  • $8Fiduciary activities
  • $104Service charges on deposit accounts
  • $0Trading account gains & fees
  • $190Additional noninterest income
  • $1,552Total noninterest expense
  • $953Salaries and employee benefits
  • $121Premises and equipment expense
  • $478Additional noninterest expense
  • $610Pre-tax net operating income
  • $4Securities gains (losses)
  • $0Applicable income taxes
  • $614Income before extraordinary items
  • $0Extraordinary gains - net
  • $614Net income attributable to bank
  • $0Net charge-offs
  • $614Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 4.14%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 1.26%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 14.96%Return on equity (ROE)
  • 11.30%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 305.00%Efficiency ratio
  • 71,785Assets per employee
  • 2.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.43%Loss allowance to loans
  • 0.40%Loss allowance to noncurrent loans
  • 10.13%Noncurrent assets plus other real estate owned to assets
  • 2.32%Noncurrent loans to loans
  • 3.98%Net loans and leases to deposits
  • 64.57%Net loans and leases to core deposits
  • 68.23%Equity capital to assets
  • 9.12%Core capital (leverage) ratio
  • 7.63%Tier 1 risk-based capital ratio
  • 11.71%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $48,358Average earning assets
  • $4,104Average equity
  • $44,936Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,391Managed Assets
  • 1Number of Accounts
  • $1,391Personal trust and agency accounts
  • $1,391Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 11Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0604Citizens State Bank Of Milford36 East Jones Street, Milford, IL 60953September 23, 1907Full Service Brick and Mortar
    1429671Crescent City Branch307 East Main Street, Crescent City, IL 60928January 20, 2004Full Service Brick and Mortar

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