Corn Belt Bank and Trust Company in Pittsfield, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 13, 2009

  • Corn Belt Bank and Trust Company in Pittsfield, Illinois (IL)
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Corn Belt Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 16500
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: CNB Bank and Trust, N.A. (#3775)
    Federal Reserve ID: 391249
    Date Established: October 25, 1946
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 9574
    FDIC's unique #: 10660
    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: October 25, 1946
    Last Structure Change Effective Date: Febuary 13, 2009
    Last Structure Change Process Date: Febuary 17, 2009
    Last Data Update: Febuary 17, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 643 West Washington Street, Pittsfield, IL 62363
    County: Pike
    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
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $260.2 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, 2008)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $260,201Total assets
  • $5,630Cash and due from depository institutions
  • $74Interest-bearing balances
  • $33,753Securities
  • $21,330Federal funds sold & reverse repurchase agreements
  • $187,763Net loans & leases
  • $11,603Loan loss allowance
  • $0Trading account assets
  • $6,798Bank premises and fixed assets
  • $400Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,527All other assets
  • $260,200Total liabilities and capital
  • $251,372Total liabilities
  • $233,788Total deposits
  • $225,028Interest-bearing deposits
  • $233,788Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,500Other borrowed funds
  • $0Subordinated debt
  • $2,084All other liabilities
  • $8,828Total equity capital
  • $8,828Total bank equity capital
  • $8,828Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $14,850Undivided profits
  • Memoranda
  • $-6,072Noncurrent loans and leases
  • $8,247Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,945Earning assets
  • $0Long-term assets (5+ years)
  • $2,879Average Assets, year-to-date
  • $242,920Average Assets, quarterly
  • $32,518Volatile liabilities
  • $309,420Insider loans
  • $274,531FHLB advances
  • $125,581Loans and leases held for sale
  • $3,539Unused loan commitments
  • $15,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,247Total unused commitments
  • $4,778Restructured Loans and leases
  • $2,725Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $20,381Total interest income
  • $13,235Total interest expense
  • $7,146Net interest income
  • $20,930Provision for loan and lease losses
  • $234Total noninterest income
  • $57Fiduciary activities
  • $183Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$6Additional noninterest income
  • $4,768Total noninterest expense
  • $2,011Salaries and employee benefits
  • $945Premises and equipment expense
  • $1,812Additional noninterest expense
  • -$18,318Pre-tax net operating income
  • $0Securities gains (losses)
  • -$50Applicable income taxes
  • -$18,268Income before extraordinary items
  • $0Extraordinary gains - net
  • -$18,268Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $14,211Sale, conversion, retirement of capital stock, net
  • $975Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.16%Yield on earning assets
  • 4.65%Cost of funding earning assets
  • 2.51%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 1.67%Noninterest expense to earning assets
  • -5.90%Net operating income to assets
  • -5.90%Return on assets (ROA)
  • -5.92%Pretax return on assets
  • -91.34%Return on equity (ROE)
  • -96.22%Retained earnings to average equity (YTD only)
  • 5.94%Net charge-offs to loans
  • 147.28%Credit loss provision to net charge-offs
  • 0.18%Efficiency ratio
  • 64,607Assets per employee
  • 7.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -5.34%Loss allowance to loans
  • 5.82%Loss allowance to noncurrent loans
  • 116.67%Noncurrent assets plus other real estate owned to assets
  • 3.98%Noncurrent loans to loans
  • 4.99%Net loans and leases to deposits
  • 80.31%Net loans and leases to core deposits
  • 167.34%Equity capital to assets
  • 3.39%Core capital (leverage) ratio
  • 2.94%Tier 1 risk-based capital ratio
  • 4.00%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $309,420Average earning assets
  • $19,999Average equity
  • $284,685Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $10,729Managed Assets
  • 1Number of Accounts
  • $4,853Personal trust and agency accounts
  • $4,572Employee 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
  • $281Non-managed Assets
  • 120Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,876Other retirement accounts
  • $0Corporate trust and agency accounts
  • $326Other fiduciary accounts
  • $5,550Fiduciary accounts held in foreign offices

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