First Farmers State Bank in Minier, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 10879
    Status: Active
    Federal Reserve ID: 894946
    Bank Holding Company (Regulatory Top Holder): Minier Financial, Inc. Employee Stock Ownership Plan W/401(K) Provisions (RSSDID: 3421446, Location: Minier, IL)
    Date Established: January 01, 1875
    WWW: http://www.firstfarmers.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 6961
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 South Main Street, Minier, IL 61759
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $150.0 mil
    Equity capital: $17.0 mil
    Deposits held in domestic offices: $119.5 mil
    Return on assets (ROA): 1.50% ($2.3 mil)
    Quarterly return on assets: 1.77% ($2.7 mil)
    Return on Equity (ROE): 14.34% ($2.4 mil)
    Quarterly return on equity: 15.87% ($2.7 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.52% ($2,280.2 mil)
    Quarterly Pretax return on assets: 1.79% ($2,685.3 mil)

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

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $150,016Total assets
  • $6,251Cash and due from depository institutions
  • $3,000Interest-bearing balances
  • $53,516Securities
  • $1,050Federal funds sold & reverse repurchase agreements
  • $78,329Net loans & leases
  • $1,070Loan loss allowance
  • $0Trading account assets
  • $3,727Bank premises and fixed assets
  • $1,983Other real estate owned
  • $0Goodwill and other intangibles
  • $150,016Life insurance assets
  • $5,160All other assets
  • $132,994Total liabilities and capital
  • $119,505Total liabilities
  • $101,810Total deposits
  • $119,505Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 12371.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,118Subordinated debt
  • $17,022All other liabilities
  • $17,022Total equity capital
  • $17,022Total bank equity capital
  • $0Perpetual preferred stock
  • $350Common stock
  • $4,575Surplus
  • $12,097Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $568Income earned, not collected on loans
  • $0Earning assets
  • $1,154Long-term assets (5+ years)
  • $135,895Average Assets, year-to-date
  • $40,093Average Assets, quarterly
  • $148,250Volatile liabilities
  • $149,685Insider loans
  • $93,653FHLB advances
  • $150,109Loans and leases held for sale
  • $2,485Unused loan commitments
  • $846Tier 1 (core) risk-based capital
  • $15,594Tier 2 risk-based capital
  • $440Total risk weighted assets
  • $1,199Total unused commitments
  • $13,586Restructured Loans and leases
  • $1,012Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,578Total interest income
  • $1,257Total interest expense
  • $5,321Net interest income
  • $0Provision for loan and lease losses
  • $1,135Total noninterest income
  • $34Fiduciary activities
  • $173Service charges on deposit accounts
  • $0Trading account gains & fees
  • $928Additional noninterest income
  • $4,086Total noninterest expense
  • $2,368Salaries and employee benefits
  • $469Premises and equipment expense
  • $1,249Additional noninterest expense
  • $2,370Pre-tax net operating income
  • -$123Securities gains (losses)
  • $22Applicable income taxes
  • $2,225Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,225Net income attributable to bank
  • $0Net charge-offs
  • $2,225Cash dividends
  • $31Sale, conversion, retirement of capital stock, net
  • $977Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.94%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.03%Noninterest expense to earning assets
  • 1.58%Net operating income to assets
  • 1.50%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 14.34%Return on equity (ROE)
  • 8.04%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 76.45%Efficiency ratio
  • 62,841Assets per employee
  • 4.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.91%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 188.38%Noncurrent assets plus other real estate owned to assets
  • 1.70%Noncurrent loans to loans
  • 0.72%Net loans and leases to deposits
  • 65.54%Net loans and leases to core deposits
  • 68.62%Equity capital to assets
  • 11.35%Core capital (leverage) ratio
  • 10.39%Tier 1 risk-based capital ratio
  • 16.65%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $148,250Average earning assets
  • $15,514Average equity
  • $134,993Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $7,540Managed Assets
  • 1Number of Accounts
  • $6,223Personal trust and agency accounts
  • $6,223Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 85Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,317Other retirement accounts
  • $1,316Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06961First Farmers State Bank101 South Main Street, Minier, IL 61759January 01, 1875Full Service Brick and Mortar
    22331Delavan Branch301 Locust Street, Delavan, IL 61734September 15, 1887Full Service Brick and Mortar
    3446266Bloomington Branch4001 General Electric Road, Bloomington, IL 61704August 08, 2005Full Service Brick and Mortar

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