Country Bank in Aledo, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 14, 2011

Country Bank - Overview

  • General
  • FDIC Certificate #: 35395
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Blackhawk Bank & Trust (#18402)
    Federal Reserve ID: 2869180
    Date Established: March 08, 2000
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 79500
    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: March 08, 2000
    Last Structure Change Effective Date: October 14, 2011
    Last Structure Change Process Date: October 17, 2011
    Last Data Update: October 17, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1308 Southeast 4th Street, Aledo, IL 61231
    County: Mercer
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340)
    CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
  • Financial Summary
  • Total assets: $195.0 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
  • 37Total employees (full-time equivalent)
  • $213,484Total assets
  • $1,848Cash and due from depository institutions
  • $122Interest-bearing balances
  • $38,746Securities
  • $2,920Federal funds sold & reverse repurchase agreements
  • $156,254Net loans & leases
  • $9,343Loan loss allowance
  • $0Trading account assets
  • $3,005Bank premises and fixed assets
  • $260Other real estate owned
  • $0Goodwill and other intangibles
  • $1,696Life insurance assets
  • $10,451All other assets
  • $213,484Total liabilities and capital
  • $193,188Total liabilities
  • $171,477Total deposits
  • $159,498Interest-bearing deposits
  • $171,477Deposits held in domestic offices
  • 92.26%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $19,997Other borrowed funds
  • $0Subordinated debt
  • $1,714All other liabilities
  • $20,296Total equity capital
  • $20,296Total bank equity capital
  • $20,296Perpetual preferred stock
  • $0Common stock
  • $2,160Surplus
  • $16,631Undivided profits
  • Memoranda
  • $1,505Noncurrent loans and leases
  • $21,752Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $28,699Earning assets
  • $0Long-term assets (5+ years)
  • $2,582Average Assets, year-to-date
  • $198,042Average Assets, quarterly
  • $34,317Volatile liabilities
  • $213,769Insider loans
  • $217,482FHLB advances
  • $30,453Loans and leases held for sale
  • $10,811Unused loan commitments
  • $19,800Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $21,752Total unused commitments
  • $1,157Restructured Loans and leases
  • $2,295Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $11,708Total interest income
  • $3,514Total interest expense
  • $8,194Net interest income
  • $7,825Provision for loan and lease losses
  • $127Total noninterest income
  • $0Fiduciary activities
  • $112Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15Additional noninterest income
  • $4,420Total noninterest expense
  • $2,303Salaries and employee benefits
  • $557Premises and equipment expense
  • $1,560Additional noninterest expense
  • -$3,924Pre-tax net operating income
  • $52Securities gains (losses)
  • -$1,679Applicable income taxes
  • -$2,193Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,193Net income attributable to bank
  • $0Net charge-offs
  • -$2,193Cash dividends
  • $750Sale, conversion, retirement of capital stock, net
  • $545Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.85%Yield on earning assets
  • 1.75%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 2.21%Noninterest expense to earning assets
  • -1.04%Net operating income to assets
  • -1.03%Return on assets (ROA)
  • -1.81%Pretax return on assets
  • -9.60%Return on equity (ROE)
  • -11.98%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 1043.33%Credit loss provision to net charge-offs
  • 5.20%Efficiency ratio
  • 53,119Assets per employee
  • 5.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -24.85%Loss allowance to loans
  • 5.64%Loss allowance to noncurrent loans
  • 32.56%Noncurrent assets plus other real estate owned to assets
  • 13.56%Noncurrent loans to loans
  • 17.33%Net loans and leases to deposits
  • 91.12%Net loans and leases to core deposits
  • 108.80%Equity capital to assets
  • 9.51%Core capital (leverage) ratio
  • 9.10%Tier 1 risk-based capital ratio
  • 11.38%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $213,769Average earning assets
  • $22,846Average equity
  • $200,252Average loans

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