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

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 Erie State 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.
Table of Contents