First Bank North in city_name, state_name - Detailed Financial Reports, Location

First Bank North in Freeport, Illinois (IL)
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First Bank North - Overview

General
FDIC Certificate #: 15376
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Grand National Bank (#18350)
Federal Reserve ID: 477947
Date Established: May 02, 1936
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 8 (Interstate: No)
OTS Docket #: 10574
FDIC's unique #: 9701
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: May 02, 1936
Last Structure Change Effective Date: April 18, 1997
Last Structure Change Process Date: April 24, 1997
Last Data Update: April 24, 1997
Data Source Date: April 05, 2012
Location
Address: 101-103 West Stephenson Street, Freeport, IL 61032
County: Stephenson
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
Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
Core Based Statistical Area (CBSA): Freeport, IL (#23300)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $220.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$90Total assets
$238,578Cash and due from depository institutions
$14,374Interest-bearing balances
$577Securities
$83,986Federal funds sold & reverse repurchase agreements
$13,400Net loans & leases
$118,790Loan loss allowance
$1,400Trading account assets
$0Bank premises and fixed assets
$3,966Other real estate owned
$152Goodwill and other intangibles
$3,021Life insurance assets
$889All other assets
$0Total liabilities and capital
$238,578Total liabilities
$222,167Total deposits
$209,674Interest-bearing deposits
$168,067Deposits held in domestic offices
209674.00%% insured (estimated)
$82Federal funds purchased & repurchase agreements
$8,419Trading liabilities
$0Other borrowed funds
$3,000Subordinated debt
$0All other liabilities
$1,074Total equity capital
$1,074Total bank equity capital
$16,411Perpetual preferred stock
$0Common stock
$3,750Surplus
$10,875Undivided profits
Memoranda
$1,786Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$837Income earned, not collected on loans
$1,259Earning assets
$216,753Long-term assets (5+ years)
$49,217Average Assets, year-to-date
$228,256Average Assets, quarterly
$232,805Volatile liabilities
$23,472Insider loans
$631FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$39,332Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$15,445Total risk weighted assets
$144,758Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$16,017Total interest expense
$7,941Net interest income
$8,076Provision for loan and lease losses
$650Total noninterest income
$4,098Fiduciary activities
$2,949Service charges on deposit accounts
$410Trading account gains & fees
$48Additional noninterest income
$691Total noninterest expense
$7,851Salaries and employee benefits
$3,121Premises and equipment expense
$1,029Additional noninterest expense
$3,701Pre-tax net operating income
$3,673Securities gains (losses)
$34Applicable income taxes
$857Income before extraordinary items
$2,850Extraordinary gains - net
$0Net income attributable to bank
$2,850Net charge-offs
$488Cash dividends
$2,801Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.72%Cost of funding earning assets
3.83%Net interest margin
3.89%Noninterest income to earning assets
1.98%Noninterest expense to earning assets
3.78%Net operating income to assets
1.24%Return on assets (ROA)
1.25%Pretax return on assets
1.62%Return on equity (ROE)
17.64%Retained earnings to average equity (YTD only)
0.30%Net charge-offs to loans
0.40%Credit loss provision to net charge-offs
133.20%Efficiency ratio
63,570Assets per employee
2.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
98.28%Loss allowance to loans
1.16%Loss allowance to noncurrent loans
167.26%Noncurrent assets plus other real estate owned to assets
0.41%Noncurrent loans to loans
0.70%Net loans and leases to deposits
56.65%Net loans and leases to core deposits
61.04%Equity capital to assets
6.88%Core capital (leverage) ratio
6.90%Tier 1 risk-based capital ratio
10.67%Total risk-based capital ratio
Memoranda
$12Average assets
$228,256Average earning assets
$16,158Average equity
$207,439Average loans

First Bank North in Freeport, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank North - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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First Bank North in Freeport, Illinois (IL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank North - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

First Bank North in Freeport, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches