First Bank of Washington in Washington, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 29, 1997

First Bank of Washington in Washington, Illinois (IL)
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First Bank of Washington - Overview

General
FDIC Certificate #: 940
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Heartland Bank and Trust Company (#20369)
Federal Reserve ID: 420149
Date Established: January 01, 1858
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 612
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: May 29, 1997
Last Structure Change Process Date: June 16, 1997
Last Data Update: June 16, 1997
Data Source Date: April 05, 2012
Location
Address: 130 South Main Street, Washington, IL 61571
County: Tazewell
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
Metropolitan Statistical Area (MSA): Peoria-Pekin, IL (#6120)
Combined Statistical Area (CSA): Peoria-Canton, IL (#426)
Core Based Statistical Area (CBSA): Peoria, IL (#37900)
CBSA Metro Statistical Area: Peoria, IL (#37900)
Financial Summary
Total assets: $51.5 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)
$26Total assets
$50,989Cash and due from depository institutions
$1,979Interest-bearing balances
$0Securities
$17,614Federal funds sold & reverse repurchase agreements
$700Net loans & leases
$29,359Loan loss allowance
$371Trading account assets
$0Bank premises and fixed assets
$863Other real estate owned
$0Goodwill and other intangibles
$474Life insurance assets
$0All other assets
$0Total liabilities and capital
$50,989Total liabilities
$46,605Total deposits
$46,333Interest-bearing deposits
$39,297Deposits held in domestic offices
46333.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$57Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$215Total equity capital
$215Total bank equity capital
$4,384Perpetual preferred stock
$0Common stock
$730Surplus
$2,770Undivided profits
Memoranda
$884Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$48Income earned, not collected on loans
$259Earning assets
$47,673Long-term assets (5+ years)
$5,241Average Assets, year-to-date
$49,974Average Assets, quarterly
$51,464Volatile liabilities
$2,911Insider loans
$139FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,542Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,367Total risk weighted assets
$30,932Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$3,671Total interest expense
$1,533Net interest income
$2,138Provision for loan and lease losses
$30Total noninterest income
$367Fiduciary activities
$0Service charges on deposit accounts
$194Trading account gains & fees
$0Additional noninterest income
$173Total noninterest expense
$1,465Salaries and employee benefits
$761Premises and equipment expense
$201Additional noninterest expense
$503Pre-tax net operating income
$1,010Securities gains (losses)
$2Applicable income taxes
$306Income before extraordinary items
$706Extraordinary gains - net
$0Net income attributable to bank
$706Net charge-offs
-$17Cash dividends
$511Sale, 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
7.85%Cost of funding earning assets
3.28%Net interest margin
4.57%Noninterest income to earning assets
0.78%Noninterest expense to earning assets
3.13%Net operating income to assets
1.41%Return on assets (ROA)
1.41%Pretax return on assets
2.03%Return on equity (ROE)
16.40%Retained earnings to average equity (YTD only)
4.53%Net charge-offs to loans
-0.06%Credit loss provision to net charge-offs
-176.47%Efficiency ratio
58,483Assets per employee
1.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
72.38%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
772.92%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.16%Net loans and leases to deposits
63.37%Net loans and leases to core deposits
67.52%Equity capital to assets
8.60%Core capital (leverage) ratio
8.53%Tier 1 risk-based capital ratio
14.12%Total risk-based capital ratio
Memoranda
$15Average assets
$49,974Average earning assets
$4,304Average equity
$46,765Average loans

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