Durand State Bank in Durand, Illinois (IL)

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Durand State Bank routing number info

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Durand State Bank
GeneralFDIC Certificate #: 17713
Status: Active
Federal Reserve ID: 537038
Bank Holding Company (Regulatory Top Holder): Durand Bancorp, Inc. (RSSDID: 1492198, Location: Durand, IL)
Date Established: Febuary 01, 1957
WWW: http://www.durandstatebank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 13470
FDIC's unique #: 11672
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: Febuary 01, 1957
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 1005 Cameron Drive, Durand, IL 61024
County: Winnebago
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
Metropolitan Statistical Area (MSA): Rockford, IL (#6880)
Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
Core Based Statistical Area (CBSA): Rockford, IL (#40420)
CBSA Metro Statistical Area: Rockford, IL (#40420)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $85.2 mil
Equity capital: $8.6 mil
Deposits held in domestic offices: $76.1 mil
Return on assets (ROA): 0.65% ($0.6 mil)
Quarterly return on assets: 1.64% ($1.4 mil)
Return on Equity (ROE): 6.86% ($0.6 mil)
Quarterly return on equity: 16.40% ($1.5 mil)
Net income: $0.6 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.73% ($621.8 mil)
Quarterly Pretax return on assets: 1.70% ($1,448.0 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)21
Total assets$85,175
Cash and due from depository institutions$4,494
Interest-bearing balances$128
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$42,747
Loan loss allowance $958
Trading account assets$0
Bank premises and fixed assets$1,414
Other real estate owned$57
Goodwill and other intangibles$1
All other assets$2,741
Life insurance assets$85,174
Total liabilities and capital$76,555
Total liabilities$76,148
Total deposits$68,992
Interest-bearing deposits$76,148
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $407
All other liabilities $8,619
Total equity capital$8,619
Total bank equity capital$8,619
Perpetual preferred stock$0
Common stock$280
Undivided profits $6,719
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,108
Earning assets $0
Long-term assets (5+ years) $470
Average Assets, year-to-date $76,596
Average Assets, quarterly $30,829
Volatile liabilities $86,053
Insider loans $85,445
FHLB advances $56,656
Loans and leases held for sale $84,785
Unused loan commitments $1,741
Tier 1 (core) risk-based capital $1,741
Tier 2 risk-based capital $8,315
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,798
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,590
Total interest expense $766
Net interest income $2,824
Provision for loan and lease losses $300
Total noninterest income $382
Fiduciary activities $0
Service charges on deposit accounts $131
Trading account gains & fees $0
Additional noninterest income $251
Total noninterest expense $2,483
Salaries and employee benefits $1,225
Premises and equipment expense $373
Additional noninterest expense $885
Pre-tax net operating income $423
Securities gains (losses) $204
Applicable income taxes $66
Income before extraordinary items $561
Extraordinary gains - net $0
Net income attributable to bank $561
Net charge-offs $0
Cash dividends $561
Sale, conversion, retirement of capital stock, net $176
Net operating income $104
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.62%
Cost of funding earning assets 0.99%
Net interest margin 3.64%
Noninterest income to earning assets 0.49%
Noninterest expense to earning assets 3.20%
Net operating income to assets 0.44%
Return on assets (ROA) 0.65%
Pretax return on assets 0.73%
Return on equity (ROE) 6.86%
Retained earnings to average equity (YTD only) 5.59%
Net charge-offs to loans 0.38%
Credit loss provision to net charge-offs 170.45%
Efficiency ratio4.11%
Assets per employee$77,449
Cash dividends to net income (YTD only)4.06%
Condition Ratios (%)
Loss allowance to loans 18.54%
Loss allowance to noncurrent loans 2.19%
Noncurrent assets plus other real estate owned to assets 30.82%
Noncurrent loans to loans 3.72%
Net loans and leases to deposits7.11%
Net loans and leases to core deposits 56.14%
Equity capital to assets 64.07%
Core capital (leverage) ratio 10.12%
Tier 1 risk-based capital ratio 9.81%
Total risk-based capital ratio 14.68%
Average assets$16
Average earning assets$86,053
Average equity $8,182
Average loans $77,640
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2 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011672Durand State Bank1005 Cameron Drive, Durand, IL 61024Febuary 01, 1957Full Service Brick and Mortar
1242543Best Road Facility13697 Best Road, Davis, IL 61019December 01, 1987Full Service Brick and Mortar
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