First Midwest Bank/Danville, National Association in city_name, state_name

First Midwest Bank/Danville, National Association in Danville, Illinois (IL)
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First Midwest Bank/Danville, National Association - Overview

General
FDIC Certificate #: 3645
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Midwest Bank (#3709)
Federal Reserve ID: 106733
Date Established: November 07, 1873
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 2326
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 18, 1995
Last Structure Change Process Date: May 22, 1995
Last Data Update: May 22, 1995
Data Source Date: April 05, 2012
Location
Address: 27 North Vermilion Street, Danville, IL 61834
County: Vermilion
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Champaign
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Core Based Statistical Area (CBSA): Danville, IL (#19180)
CBSA Metro Statistical Area: Danville, IL (#19180)
Financial Summary
Total assets: $215.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$101Total assets
$211,739Cash and due from depository institutions
$9,569Interest-bearing balances
$1,464Securities
$52,902Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$139,561Loan loss allowance
$1,840Trading account assets
$0Bank premises and fixed assets
$2,538Other real estate owned
$2,063Goodwill and other intangibles
$4,874Life insurance assets
$232All other assets
$0Total liabilities and capital
$211,739Total liabilities
$199,616Total deposits
$178,635Interest-bearing deposits
$152,663Deposits held in domestic offices
178635.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$18,405Trading liabilities
$0Other borrowed funds
$1,381Subordinated debt
$0All other liabilities
$1,195Total equity capital
$1,195Total bank equity capital
$12,123Perpetual preferred stock
$0Common stock
$2,350Surplus
$3,829Undivided profits
Memoranda
$5,944Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,105Income earned, not collected on loans
$905Earning assets
$193,927Long-term assets (5+ years)
$46,277Average Assets, year-to-date
$206,652Average Assets, quarterly
$210,169Volatile liabilities
$36,823Insider loans
$170FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$14,740Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$13,008Total risk weighted assets
$147,475Total unused commitments
$0Restructured Loans and leases
$33,586Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$14,518Total interest expense
$6,258Net interest income
$8,260Provision for loan and lease losses
$1,275Total noninterest income
$2,260Fiduciary activities
$870Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$1,390Total noninterest expense
$6,244Salaries and employee benefits
$2,925Premises and equipment expense
$766Additional noninterest expense
$2,553Pre-tax net operating income
$3,001Securities gains (losses)
$34Applicable income taxes
$1,140Income before extraordinary items
$1,895Extraordinary gains - net
$0Net income attributable to bank
$1,895Net charge-offs
$951Cash dividends
$1,800Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.54%Cost of funding earning assets
3.25%Net interest margin
4.29%Noninterest income to earning assets
1.17%Noninterest expense to earning assets
3.24%Net operating income to assets
0.91%Return on assets (ROA)
0.92%Pretax return on assets
1.47%Return on equity (ROE)
15.02%Retained earnings to average equity (YTD only)
0.75%Net charge-offs to loans
0.72%Credit loss provision to net charge-offs
134.07%Efficiency ratio
58,831Assets per employee
2.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
94.99%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
87.41%Noncurrent assets plus other real estate owned to assets
1.97%Noncurrent loans to loans
1.49%Net loans and leases to deposits
78.13%Net loans and leases to core deposits
86.36%Equity capital to assets
5.73%Core capital (leverage) ratio
6.20%Tier 1 risk-based capital ratio
8.82%Total risk-based capital ratio
Memoranda
$10Average assets
$206,652Average earning assets
$12,613Average equity
$192,557Average loans

First Midwest Bank/Danville, National Association in Danville, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Midwest Bank/Danville, National Association - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

First Midwest Bank/Danville, National Association in Danville, Illinois (IL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Midwest Bank/Danville, National Association - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

First Midwest Bank/Danville, National Association in Danville, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches