Farmer's State Bank of Palestine in Palestine, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1995

  • Farmer's State Bank of Palestine in Palestine, Illinois (IL)
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Farmer's State Bank of Palestine - Overview

  • General
  • FDIC Certificate #: 12115
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Ambank Illinois, National Association (#3831)
    Federal Reserve ID: 337041
    Date Established: January 01, 1898
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 7697
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 01, 1995
    Last Structure Change Process Date: December 07, 1995
    Last Data Update: December 07, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 North Main Street, Palestine, IL 62451
    County: Crawford
    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
  • Financial Summary
  • Total assets: $56.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $26Total assets
  • $60,009Cash and due from depository institutions
  • $1,098Interest-bearing balances
  • $0Securities
  • $29,594Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $27,807Loan loss allowance
  • $579Trading account assets
  • $0Bank premises and fixed assets
  • $315Other real estate owned
  • $0Goodwill and other intangibles
  • $1,195Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $60,009Total liabilities
  • $54,649Total deposits
  • $51,416Interest-bearing deposits
  • $48,010Deposits held in domestic offices
  • 51416.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $2,933Trading liabilities
  • $0Other borrowed funds
  • $29Subordinated debt
  • $0All other liabilities
  • $271Total equity capital
  • $271Total bank equity capital
  • $5,360Perpetual preferred stock
  • $0Common stock
  • $550Surplus
  • $2,300Undivided profits
  • Memoranda
  • $2,510Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $354Income earned, not collected on loans
  • $368Earning assets
  • $57,401Long-term assets (5+ years)
  • $12,323Average Assets, year-to-date
  • $61,829Average Assets, quarterly
  • $60,807Volatile liabilities
  • $11,478Insider loans
  • $278FHLB advances
  • $0Loans and leases held for sale
  • $108Unused loan commitments
  • $2,525Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,918Total risk weighted assets
  • $33,767Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,020Total interest expense
  • $2,056Net interest income
  • $1,964Provision for loan and lease losses
  • $0Total noninterest income
  • $149Fiduciary activities
  • $0Service charges on deposit accounts
  • $58Trading account gains & fees
  • $0Additional noninterest income
  • $91Total noninterest expense
  • $1,369Salaries and employee benefits
  • $710Premises and equipment expense
  • $119Additional noninterest expense
  • $540Pre-tax net operating income
  • $744Securities gains (losses)
  • -$15Applicable income taxes
  • $128Income before extraordinary items
  • $601Extraordinary gains - net
  • $0Net income attributable to bank
  • $601Net charge-offs
  • -$26Cash dividends
  • $249Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.79%Cost of funding earning assets
  • 3.47%Net interest margin
  • 3.32%Noninterest income to earning assets
  • 0.25%Noninterest expense to earning assets
  • 2.31%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 1.18%Return on equity (ROE)
  • 10.84%Retained earnings to average equity (YTD only)
  • 6.35%Net charge-offs to loans
  • -0.10%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,789Assets per employee
  • 2.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.43%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 163.56%Noncurrent assets plus other real estate owned to assets
  • 0.59%Noncurrent loans to loans
  • 1.25%Net loans and leases to deposits
  • 54.08%Net loans and leases to core deposits
  • 64.82%Equity capital to assets
  • 8.93%Core capital (leverage) ratio
  • 9.73%Tier 1 risk-based capital ratio
  • 17.53%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $61,829Average earning assets
  • $5,546Average equity
  • $59,201Average loans

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