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

This bank is inactive as of July 16, 2011

Citizens State Bank of Shipman - Overview

  • General
  • FDIC Certificate #: 5760
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CNB Bank and Trust, N.A. (#3775)
    Federal Reserve ID: 247449
    Date Established: Febuary 15, 1926
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 9792
    FDIC's unique #: 3930
    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: January 01, 1934
    Last Structure Change Effective Date: July 16, 2011
    Last Structure Change Process Date: July 20, 2011
    Last Data Update: July 20, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Keating Street, Shipman, IL 62685
    County: Macoupin
    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): St. Louis-St. Charles-Farmington, MO-IL (#476)
    Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
    CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
  • Financial Summary
  • Total assets: $60.5 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, 2010)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $56,494Total assets
  • $5,056Cash and due from depository institutions
  • $94Interest-bearing balances
  • $16,158Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $29,111Net loans & leases
  • $594Loan loss allowance
  • $0Trading account assets
  • $533Bank premises and fixed assets
  • $1,033Other real estate owned
  • $959Goodwill and other intangibles
  • $1,649Life insurance assets
  • $3,644All other assets
  • $56,494Total liabilities and capital
  • $51,667Total liabilities
  • $47,000Total deposits
  • $40,228Interest-bearing deposits
  • $47,000Deposits held in domestic offices
  • 97.48%% insured (estimated)
  • $1,258Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,650Other borrowed funds
  • $0Subordinated debt
  • $759All other liabilities
  • $4,827Total equity capital
  • $4,827Total bank equity capital
  • $4,827Perpetual preferred stock
  • $0Common stock
  • $380Surplus
  • $3,913Undivided profits
  • Memoranda
  • $534Noncurrent loans and leases
  • $5,414Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,138Earning assets
  • $0Long-term assets (5+ years)
  • $460Average Assets, year-to-date
  • $45,363Average Assets, quarterly
  • $18,778Volatile liabilities
  • $56,005Insider loans
  • $56,012FHLB advances
  • $7,678Loans and leases held for sale
  • $193Unused loan commitments
  • $2,650Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,414Total unused commitments
  • $0Restructured Loans and leases
  • $481Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $2,545Total interest income
  • $791Total interest expense
  • $1,754Net interest income
  • $342Provision for loan and lease losses
  • $329Total noninterest income
  • $0Fiduciary activities
  • $90Service charges on deposit accounts
  • $0Trading account gains & fees
  • $239Additional noninterest income
  • $1,582Total noninterest expense
  • $824Salaries and employee benefits
  • $126Premises and equipment expense
  • $632Additional noninterest expense
  • $159Pre-tax net operating income
  • $0Securities gains (losses)
  • -$15Applicable income taxes
  • $174Income before extraordinary items
  • $0Extraordinary gains - net
  • $174Net income attributable to bank
  • $0Net charge-offs
  • $174Cash dividends
  • $42Sale, conversion, retirement of capital stock, net
  • $400Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.39%Yield on earning assets
  • 1.67%Cost of funding earning assets
  • 3.71%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.35%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.28%Pretax return on assets
  • 3.45%Return on equity (ROE)
  • -4.48%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 814.29%Credit loss provision to net charge-offs
  • 11.93%Efficiency ratio
  • 75,948Assets per employee
  • 3.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 229.89%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 52.20%Noncurrent assets plus other real estate owned to assets
  • 3.84%Noncurrent loans to loans
  • 3.83%Net loans and leases to deposits
  • 61.94%Net loans and leases to core deposits
  • 69.93%Equity capital to assets
  • 8.54%Core capital (leverage) ratio
  • 6.53%Tier 1 risk-based capital ratio
  • 9.60%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $56,005Average earning assets
  • $5,044Average equity
  • $47,233Average loans

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