Downstate National Bank in Altamont, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 04, 1994

Downstate National Bank in Altamont, Illinois (IL)
Show street view No street view available for this location

Downstate National Bank - Overview

General
FDIC Certificate #: 13865
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: FIRST MID-ILLINOIS BANK & TRUST, NATIONAL ASSOCIATION (#3705)
Federal Reserve ID: 138341
Date Established: January 01, 1934
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
OTS Docket #: 10946
FDIC's unique #: 8669
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: Febuary 07, 1934
Last Structure Change Effective Date: October 04, 1994
Last Structure Change Process Date: October 19, 1994
Last Data Update: October 19, 1994
Data Source Date: April 05, 2012
Location
Address: 101 West Washington Street, Altamont, IL 62411
County: Effingham
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Mount Vernon
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Effingham, IL (#20820)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $52.6 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$24Total assets
$52,031Cash and due from depository institutions
$1,568Interest-bearing balances
$113Securities
$19,592Federal funds sold & reverse repurchase agreements
$1,100Net loans & leases
$28,069Loan loss allowance
$337Trading account assets
$0Bank premises and fixed assets
$961Other real estate owned
$122Goodwill and other intangibles
$619Life insurance assets
$0All other assets
$0Total liabilities and capital
$52,031Total liabilities
$47,550Total deposits
$47,334Interest-bearing deposits
$41,118Deposits held in domestic offices
47334.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$216Total equity capital
$216Total bank equity capital
$4,481Perpetual preferred stock
$0Common stock
$150Surplus
$600Undivided profits
Memoranda
$3,731Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$54Income earned, not collected on loans
$333Earning assets
$48,874Long-term assets (5+ years)
$5,743Average Assets, year-to-date
$51,862Average Assets, quarterly
$52,047Volatile liabilities
$2,614Insider loans
$661FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,122Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,481Total risk weighted assets
$31,909Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$3,628Total interest expense
$1,556Net interest income
$2,072Provision for loan and lease losses
$0Total noninterest income
$183Fiduciary activities
$0Service charges on deposit accounts
$47Trading account gains & fees
$0Additional noninterest income
$136Total noninterest expense
$1,300Salaries and employee benefits
$633Premises and equipment expense
$160Additional noninterest expense
$507Pre-tax net operating income
$955Securities gains (losses)
$36Applicable income taxes
$301Income before extraordinary items
$690Extraordinary gains - net
$0Net income attributable to bank
$690Net charge-offs
-$11Cash dividends
$195Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.65%Cost of funding earning assets
3.28%Net interest margin
4.37%Noninterest income to earning assets
0.39%Noninterest expense to earning assets
2.74%Net operating income to assets
1.28%Return on assets (ROA)
1.33%Pretax return on assets
1.91%Return on equity (ROE)
16.27%Retained earnings to average equity (YTD only)
11.67%Net charge-offs to loans
-0.04%Credit loss provision to net charge-offs
0.00%Efficiency ratio
57,650Assets per employee
2.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
28.26%Loss allowance to loans
1.19%Loss allowance to noncurrent loans
624.07%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.19%Net loans and leases to deposits
59.30%Net loans and leases to core deposits
62.77%Equity capital to assets
8.61%Core capital (leverage) ratio
8.57%Tier 1 risk-based capital ratio
14.04%Total risk-based capital ratio
Memoranda
$15Average assets
$51,862Average earning assets
$4,240Average equity
$47,415Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Downstate National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.