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

This bank is inactive as of January 01, 2011

Erie State Bank - Overview

  • General
  • FDIC Certificate #: 16232
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First State Bank of Forrest (#11669)
    Federal Reserve ID: 595038
    Date Established: Febuary 01, 1945
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 10429
    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: Febuary 01, 1945
    Last Structure Change Effective Date: January 01, 2011
    Last Structure Change Process Date: January 04, 2011
    Last Data Update: January 04, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 915 8th Avenue, Erie, IL 61250
    County: Whiteside
    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): Sterling, IL (#44580)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $18.3 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, 2010)

  • Dollar figures in thousands
  • 5Total employees (full-time equivalent)
  • $18,269Total assets
  • $3,573Cash and due from depository institutions
  • $3,220Interest-bearing balances
  • $1,531Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $12,584Net loans & leases
  • $160Loan loss allowance
  • $0Trading account assets
  • $111Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $145Life insurance assets
  • $470All other assets
  • $18,269Total liabilities and capital
  • $16,034Total liabilities
  • $15,993Total deposits
  • $14,030Interest-bearing deposits
  • $15,993Deposits held in domestic offices
  • 96.11%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1Other borrowed funds
  • $0Subordinated debt
  • $40All other liabilities
  • $2,235Total equity capital
  • $2,235Total bank equity capital
  • $2,235Perpetual preferred stock
  • $0Common stock
  • $160Surplus
  • $715Undivided profits
  • Memoranda
  • $1,360Noncurrent loans and leases
  • $803Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $135Average Assets, year-to-date
  • $17,335Average Assets, quarterly
  • $3,556Volatile liabilities
  • $18,444Insider loans
  • $17,908FHLB advances
  • $1,721Loans and leases held for sale
  • $537Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $803Total unused commitments
  • $0Restructured Loans and leases
  • $121Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $742Total interest income
  • $233Total interest expense
  • $509Net interest income
  • $0Provision for loan and lease losses
  • $45Total noninterest income
  • $0Fiduciary activities
  • $22Service charges on deposit accounts
  • $0Trading account gains & fees
  • $23Additional noninterest income
  • $501Total noninterest expense
  • $253Salaries and employee benefits
  • $54Premises and equipment expense
  • $194Additional noninterest expense
  • $53Pre-tax net operating income
  • $0Securities gains (losses)
  • -$3Applicable income taxes
  • $56Income before extraordinary items
  • $0Extraordinary gains - net
  • $56Net income attributable to bank
  • $0Net charge-offs
  • $56Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.34%Yield on earning assets
  • 1.36%Cost of funding earning assets
  • 2.98%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 2.53%Return on equity (ROE)
  • 2.53%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 90,433Assets per employee
  • 3.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.26%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 78.68%Net loans and leases to core deposits
  • 88.17%Equity capital to assets
  • 12.23%Core capital (leverage) ratio
  • 12.34%Tier 1 risk-based capital ratio
  • 22.08%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $18,444Average earning assets
  • $2,210Average equity
  • $17,087Average loans

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