First Bank South in Dixon, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 04, 1997

  • First Bank South in Dixon, Illinois (IL)
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First Bank South - Overview

  • General
  • FDIC Certificate #: 3654
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Grand National Bank (#18350)
    Federal Reserve ID: 907837
    Date Established: December 04, 1933
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 2333
    Numeric code: 13
    Regulator: FED
    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: April 04, 1997
    Last Structure Change Process Date: April 24, 1997
    Last Data Update: April 24, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 South Galena Avenue, Dixon, IL 61021
    County: Lee
    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
    Core Based Statistical Area (CBSA): Dixon, IL (#19940)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $156.9 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)
  • $35Total assets
  • $157,398Cash and due from depository institutions
  • $1,441Interest-bearing balances
  • $286Securities
  • $78,383Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $73,711Loan loss allowance
  • $723Trading account assets
  • $0Bank premises and fixed assets
  • $2,010Other real estate owned
  • $0Goodwill and other intangibles
  • $1,853Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $157,398Total liabilities
  • $148,641Total deposits
  • $133,344Interest-bearing deposits
  • $120,919Deposits held in domestic offices
  • 133344.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $11,504Trading liabilities
  • $0Other borrowed funds
  • $3,000Subordinated debt
  • $0All other liabilities
  • $793Total equity capital
  • $793Total bank equity capital
  • $8,757Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $3,625Undivided profits
  • Memoranda
  • $2,132Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $61Income earned, not collected on loans
  • $584Earning assets
  • $152,380Long-term assets (5+ years)
  • $45,438Average Assets, year-to-date
  • $161,730Average Assets, quarterly
  • $162,574Volatile liabilities
  • $21,295Insider loans
  • $1,483FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $15,246Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,849Total risk weighted assets
  • $84,673Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,859Total interest expense
  • $6,537Net interest income
  • $5,322Provision for loan and lease losses
  • $0Total noninterest income
  • $595Fiduciary activities
  • $0Service charges on deposit accounts
  • $178Trading account gains & fees
  • $76Additional noninterest income
  • $341Total noninterest expense
  • $3,115Salaries and employee benefits
  • $1,109Premises and equipment expense
  • $416Additional noninterest expense
  • $1,590Pre-tax net operating income
  • $2,802Securities gains (losses)
  • $31Applicable income taxes
  • $941Income before extraordinary items
  • $1,892Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,892Net charge-offs
  • $8Cash dividends
  • $1,600Sale, 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
  • 7.74%Cost of funding earning assets
  • 4.27%Net interest margin
  • 3.48%Noninterest income to earning assets
  • 0.39%Noninterest expense to earning assets
  • 2.03%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 1.75%Return on equity (ROE)
  • 22.58%Retained earnings to average equity (YTD only)
  • 3.48%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 52,645Assets per employee
  • 4.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.57%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 1185.25%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 55.28%Net loans and leases to core deposits
  • 59.66%Equity capital to assets
  • 5.56%Core capital (leverage) ratio
  • 5.47%Tier 1 risk-based capital ratio
  • 10.45%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $161,730Average earning assets
  • $8,379Average equity
  • $153,141Average loans

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