Farmers and Traders State Bank of Meredosia in Meredosia, Illinois (IL)



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Farmers and Traders State Bank of Meredosia
GeneralFDIC Certificate #: 5725
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Prairie State Bank and Trust (#27362)
Federal Reserve ID: 385248
Date Established: January 01, 1887
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 15443
FDIC's unique #: 3901
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: September 21, 2000
Last Structure Change Process Date: September 26, 2000
Last Data Update: September 26, 2000
Data Source Date: April 05, 2012
LocationAddress: Main Street, Meredosia, IL 62665
County: Morgan
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Springfield Il
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Jacksonville, IL (#27300)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $32.8 mil

1992 - 1999 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, 1999)
(Dollar figures in thousands)
Total employees (full-time equivalent)13
Total assets$33,264
Cash and due from depository institutions$2,958
Interest-bearing balances$1,384
Securities$9,394
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$19,923
Loan loss allowance $147
Trading account assets$0
Bank premises and fixed assets$474
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$515
Life insurance assets$0
Total liabilities and capital$33,264
Total liabilities$30,722
Total deposits$29,698
Interest-bearing deposits$26,730
Deposits held in domestic offices$29,698
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $845
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $179
Total equity capital$2,542
Total bank equity capital$2,542
Perpetual preferred stock$2,542
Common stock$0
Surplus$117
Undivided profits $1,383
Memoranda
Noncurrent loans and leases $1,042
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,208
Income earned, not collected on loans $0
Earning assets $1
Long-term assets (5+ years) $0
Average Assets, year-to-date $350
Average Assets, quarterly $30,701
Volatile liabilities $923
Insider loans $31,159
FHLB advances $32,342
Loans and leases held for sale $3,016
Unused loan commitments $273
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $5,208
Restructured Loans and leases $0
Derivatives$147
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Income and Expense (December 31, 1999)
(Dollar figures in thousands)
Total interest income $2,141
Total interest expense $1,157
Net interest income $984
Provision for loan and lease losses $15
Total noninterest income $117
Fiduciary activities $0
Service charges on deposit accounts $54
Trading account gains & fees $0
Additional noninterest income $63
Total noninterest expense $728
Salaries and employee benefits $358
Premises and equipment expense $103
Additional noninterest expense $267
Pre-tax net operating income $358
Securities gains (losses) $0
Applicable income taxes $119
Income before extraordinary items $239
Extraordinary gains - net $0
Net income attributable to bank $239
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $3
Net operating income $91
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Performance and Condition Ratios (December 31, 1999)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.49%
Cost of funding earning assets 4.05%
Net interest margin 3.44%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 2.55%
Net operating income to assets 0.77%
Return on assets (ROA) 0.77%
Pretax return on assets 1.15%
Return on equity (ROE) 9.76%
Retained earnings to average equity (YTD only) 6.04%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 500.00%
Efficiency ratio124.33%
Assets per employee$66,122
Cash dividends to net income (YTD only)2.56%
Condition Ratios (%)
Loss allowance to loans 38.08%
Loss allowance to noncurrent loans 0.73%
Noncurrent assets plus other real estate owned to assets 14700.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 67.09%
Equity capital to assets 72.38%
Core capital (leverage) ratio 7.64%
Tier 1 risk-based capital ratio 8.06%
Total risk-based capital ratio 12.36%
Memoranda
Average assets$13
Average earning assets$31,159
Average equity $2,450
Average loans $28,588
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