Farmers-Merchants National Bank of Paxton in Paxton, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Farmers-Merchants National Bank of Paxton in Paxton, Illinois (IL)
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Farmers-Merchants National Bank of Paxton - Overview

  • General
  • FDIC Certificate #: 12104
    Status: Active
    Federal Reserve ID: 652445
    Bank Holding Company (Regulatory Top Holder): Premier Bancorp Of Illinois, Inc. (RSSDID: 1200188, Location: Farmer City, IL)
    Date Established: March 26, 1914
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 7690
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    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: 101 North Taft Street, Paxton, IL 60957
    County: Ford
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Champaign
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Champaign-Urbana, IL (#16580)
    CBSA Metro Statistical Area: Champaign-Urbana, IL (#16580)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $107.5 mil
    Equity capital: $13.1 mil
    Deposits held in domestic offices: $92.2 mil
    Return on assets (ROA): 0.61% ($0.7 mil)
    Quarterly return on assets: 1.08% ($1.2 mil)
    Return on Equity (ROE): 5.11% ($0.7 mil)
    Quarterly return on equity: 8.94% ($1.2 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.74% ($795.1 mil)
    Quarterly Pretax return on assets: 1.53% ($1,644.0 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
  • 22Total employees (full-time equivalent)
  • $107,450Total assets
  • $2,033Cash and due from depository institutions
  • $35Interest-bearing balances
  • $58,367Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,308Net loans & leases
  • $1,354Loan loss allowance
  • $0Trading account assets
  • $422Bank premises and fixed assets
  • $1,354Other real estate owned
  • $35Goodwill and other intangibles
  • $107,450Life insurance assets
  • $2,931All other assets
  • $94,344Total liabilities and capital
  • $92,176Total liabilities
  • $76,962Total deposits
  • $92,176Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 613.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $555Subordinated debt
  • $13,106All other liabilities
  • $13,106Total equity capital
  • $13,106Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $1,333Surplus
  • $11,473Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,680Income earned, not collected on loans
  • $0Earning assets
  • $764Long-term assets (5+ years)
  • $100,710Average Assets, year-to-date
  • $40,568Average Assets, quarterly
  • $106,966Volatile liabilities
  • $108,667Insider loans
  • $52,517FHLB advances
  • $106,823Loans and leases held for sale
  • $1,471Unused loan commitments
  • $1,471Tier 1 (core) risk-based capital
  • $12,250Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,082Restructured Loans and leases
  • $157Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,224Total interest income
  • $692Total interest expense
  • $3,532Net interest income
  • $637Provision for loan and lease losses
  • $730Total noninterest income
  • $4Fiduciary activities
  • $344Service charges on deposit accounts
  • $0Trading account gains & fees
  • $382Additional noninterest income
  • $2,876Total noninterest expense
  • $1,275Salaries and employee benefits
  • $219Premises and equipment expense
  • $1,382Additional noninterest expense
  • $749Pre-tax net operating income
  • $47Securities gains (losses)
  • $145Applicable income taxes
  • $651Income before extraordinary items
  • $0Extraordinary gains - net
  • $651Net income attributable to bank
  • $0Net charge-offs
  • $651Cash dividends
  • $348Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.20%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 3.51%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 5.11%Return on equity (ROE)
  • 2.75%Retained earnings to average equity (YTD only)
  • 0.75%Net charge-offs to loans
  • 183.05%Credit loss provision to net charge-offs
  • 3.98%Efficiency ratio
  • 66,729Assets per employee
  • 4.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.08%Loss allowance to loans
  • 3.10%Loss allowance to noncurrent loans
  • 50.52%Noncurrent assets plus other real estate owned to assets
  • 3.75%Noncurrent loans to loans
  • 6.14%Net loans and leases to deposits
  • 45.90%Net loans and leases to core deposits
  • 48.67%Equity capital to assets
  • 12.20%Core capital (leverage) ratio
  • 11.47%Tier 1 risk-based capital ratio
  • 23.33%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $106,966Average earning assets
  • $12,750Average equity
  • $100,604Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $758Managed Assets
  • 1Number of Accounts
  • $391Personal trust and agency accounts
  • $391Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 7Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $367Other retirement accounts
  • $367Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07690Farmers-Merchants National Bank Of P101 North Taft Street, Paxton, IL 60957March 26, 1914Full Service Brick and Mortar
    17505Melvin Branch100 East Main Street, Melvin, IL 60952November 01, 1890Full Service Brick and Mortar
    243845South Pine Street Branch116 South Pine Street, Piper City, IL 60959January 01, 1956Full Service Brick and Mortar

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