County National Bank in Hillsboro, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 23, 1995

County National Bank in Hillsboro, Illinois (IL)
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County National Bank - Overview

General
FDIC Certificate #: 1044
Status: Inactive
Closing history: Corrections
Acquiring institution: National Bank (#16276)
Federal Reserve ID: 659341
Date Established: January 01, 1869
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 697
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: August 23, 1995
Last Structure Change Process Date: September 27, 1995
Last Data Update: April 11, 1998
Data Source Date: April 05, 2012
Location
Address: 212 South Main Street, Hillsboro, IL 62049
County: Montgomery
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
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $60.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$34Total assets
$62,732Cash and due from depository institutions
$2,783Interest-bearing balances
$0Securities
$20,989Federal funds sold & reverse repurchase agreements
$150Net loans & leases
$37,265Loan loss allowance
$787Trading account assets
$0Bank premises and fixed assets
$332Other real estate owned
$30Goodwill and other intangibles
$1,183Life insurance assets
$0All other assets
$0Total liabilities and capital
$62,732Total liabilities
$57,701Total deposits
$53,642Interest-bearing deposits
$48,004Deposits held in domestic offices
53642.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,822Subordinated debt
$0All other liabilities
$237Total equity capital
$237Total bank equity capital
$5,031Perpetual preferred stock
$0Common stock
$1,310Surplus
$1,310Undivided profits
Memoranda
$2,411Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$228Income earned, not collected on loans
$626Earning assets
$58,404Long-term assets (5+ years)
$422Average Assets, year-to-date
$59,016Average Assets, quarterly
$61,969Volatile liabilities
$6,348Insider loans
$158FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,264Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,031Total risk weighted assets
$34,597Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,904Total interest expense
$1,761Net interest income
$2,143Provision for loan and lease losses
$84Total noninterest income
$181Fiduciary activities
$0Service charges on deposit accounts
$122Trading account gains & fees
$0Additional noninterest income
$59Total noninterest expense
$1,402Salaries and employee benefits
$771Premises and equipment expense
$156Additional noninterest expense
$475Pre-tax net operating income
$838Securities gains (losses)
$0Applicable income taxes
$273Income before extraordinary items
$565Extraordinary gains - net
$0Net income attributable to bank
$565Net charge-offs
$28Cash dividends
$336Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.99%Cost of funding earning assets
3.15%Net interest margin
3.84%Noninterest income to earning assets
0.32%Noninterest expense to earning assets
2.51%Net operating income to assets
0.96%Return on assets (ROA)
0.96%Pretax return on assets
1.42%Return on equity (ROE)
11.52%Retained earnings to average equity (YTD only)
4.67%Net charge-offs to loans
0.08%Credit loss provision to net charge-offs
300.00%Efficiency ratio
60,327Assets per employee
1.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
59.47%Loss allowance to loans
2.07%Loss allowance to noncurrent loans
345.18%Noncurrent assets plus other real estate owned to assets
0.41%Noncurrent loans to loans
0.60%Net loans and leases to deposits
69.47%Net loans and leases to core deposits
72.90%Equity capital to assets
8.02%Core capital (leverage) ratio
8.20%Tier 1 risk-based capital ratio
14.54%Total risk-based capital ratio
Memoranda
$16Average assets
$59,016Average earning assets
$4,903Average equity
$55,854Average loans

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