Durand State Bank in Durand, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Durand State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 21Total employees (full-time equivalent)
  • $85,175Total assets
  • $4,494Cash and due from depository institutions
  • $128Interest-bearing balances
  • $33,721Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,747Net loans & leases
  • $958Loan loss allowance
  • $0Trading account assets
  • $1,414Bank premises and fixed assets
  • $57Other real estate owned
  • $1Goodwill and other intangibles
  • $85,174Life insurance assets
  • $2,741All other assets
  • $76,555Total liabilities and capital
  • $76,148Total liabilities
  • $68,992Total deposits
  • $76,148Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $407Subordinated debt
  • $8,619All other liabilities
  • $8,619Total equity capital
  • $8,619Total bank equity capital
  • $0Perpetual preferred stock
  • $280Common stock
  • $1,620Surplus
  • $6,719Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,108Income earned, not collected on loans
  • $0Earning assets
  • $470Long-term assets (5+ years)
  • $76,596Average Assets, year-to-date
  • $30,829Average Assets, quarterly
  • $86,053Volatile liabilities
  • $85,445Insider loans
  • $56,656FHLB advances
  • $84,785Loans and leases held for sale
  • $1,741Unused loan commitments
  • $1,741Tier 1 (core) risk-based capital
  • $8,315Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,798Restructured Loans and leases
  • $1,860Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,590Total interest income
  • $766Total interest expense
  • $2,824Net interest income
  • $300Provision for loan and lease losses
  • $382Total noninterest income
  • $0Fiduciary activities
  • $131Service charges on deposit accounts
  • $0Trading account gains & fees
  • $251Additional noninterest income
  • $2,483Total noninterest expense
  • $1,225Salaries and employee benefits
  • $373Premises and equipment expense
  • $885Additional noninterest expense
  • $423Pre-tax net operating income
  • $204Securities gains (losses)
  • $66Applicable income taxes
  • $561Income before extraordinary items
  • $0Extraordinary gains - net
  • $561Net income attributable to bank
  • $0Net charge-offs
  • $561Cash dividends
  • $176Sale, conversion, retirement of capital stock, net
  • $104Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 3.64%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 6.86%Return on equity (ROE)
  • 5.59%Retained earnings to average equity (YTD only)
  • 0.38%Net charge-offs to loans
  • 170.45%Credit loss provision to net charge-offs
  • 4.11%Efficiency ratio
  • 77,449Assets per employee
  • 4.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.54%Loss allowance to loans
  • 2.19%Loss allowance to noncurrent loans
  • 30.82%Noncurrent assets plus other real estate owned to assets
  • 3.72%Noncurrent loans to loans
  • 7.11%Net loans and leases to deposits
  • 56.14%Net loans and leases to core deposits
  • 64.07%Equity capital to assets
  • 10.12%Core capital (leverage) ratio
  • 9.81%Tier 1 risk-based capital ratio
  • 14.68%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $86,053Average earning assets
  • $8,182Average equity
  • $77,640Average loans

List of branches

  • 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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