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

This bank is inactive as of April 18, 1997

  • 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

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