FDIC Certificate #: 29397 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Blackhawk Bank (#14078) Federal Reserve ID: 553579 Date Established: January 01, 1922 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3391 FDIC's unique #: 42231 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: July 11, 1936 Last Structure Change Effective Date: September 03, 1998 Last Structure Change Process Date: October 08, 1998 Last Data Update: October 08, 1998 Data Source Date: April 05, 2012
Location
Address: 121 E Locust St, Belvidere, IL 61008 County: Boone Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Chicago Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Rockford, IL (#6880) Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466) Core Based Statistical Area (CBSA): Rockford, IL (#40420) CBSA Metro Statistical Area: Rockford, IL (#40420)
Financial Summary
Total assets: $79.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
36Total employees (full-time equivalent)
$82,472Total assets
$6,858Cash and due from depository institutions
$6,229Interest-bearing balances
$16,805Securities
$0Federal funds sold & reverse repurchase agreements
$54,476Net loans & leases
$521Loan loss allowance
$0Trading account assets
$1,891Bank premises and fixed assets
$0Other real estate owned
$212Goodwill and other intangibles
$0Life insurance assets
$2,230All other assets
$82,472Total liabilities and capital
$75,282Total liabilities
$68,007Total deposits
$64,623Interest-bearing deposits
$68,007Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,761Other borrowed funds
$0Subordinated debt
$514All other liabilities
$7,190Total equity capital
$7,190Total bank equity capital
$7,190Perpetual preferred stock
$0Common stock
$1Surplus
$2,436Undivided profits
Memoranda
$4,753Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$814Earning assets
$0Long-term assets (5+ years)
$314Average Assets, year-to-date
$77,510Average Assets, quarterly
$0Volatile liabilities
$87,597Insider loans
$83,272FHLB advances
$19,677Loans and leases held for sale
$166Unused loan commitments
$6,700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,953Total unused commitments
$0Restructured Loans and leases
$49,853Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,266Total interest income
$3,751Total interest expense
$2,515Net interest income
$89Provision for loan and lease losses
$401Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$401Additional noninterest income
$2,549Total noninterest expense
$1,284Salaries and employee benefits
$720Premises and equipment expense
$545Additional noninterest expense
$278Pre-tax net operating income
-$105Securities gains (losses)
$39Applicable income taxes
$134Income before extraordinary items
-$24Extraordinary gains - net
$110Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$16Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.54%Yield on earning assets
4.52%Cost of funding earning assets
3.03%Net interest margin
0.48%Noninterest income to earning assets
3.07%Noninterest expense to earning assets
0.25%Net operating income to assets
0.13%Return on assets (ROA)
0.17%Pretax return on assets
1.58%Return on equity (ROE)
1.58%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
556.25%Credit loss provision to net charge-offs
22.94%Efficiency ratio
87,414Assets per employee
2.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.95%Loss allowance to noncurrent loans
64.00%Noncurrent assets plus other real estate owned to assets
0.99%Noncurrent loans to loans
1.48%Net loans and leases to deposits
80.10%Net loans and leases to core deposits
98.88%Equity capital to assets
8.72%Core capital (leverage) ratio
8.67%Tier 1 risk-based capital ratio
14.34%Total risk-based capital ratio
Memoranda
$15Average assets
$87,597Average earning assets
$6,954Average equity
$83,070Average loans
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