First National Bank in Olney in Olney, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank in Olney - Overview

  • General
  • FDIC Certificate #: 14567
    Status: Active
    Federal Reserve ID: 412845
    Bank Holding Company (Regulatory Top Holder): Summit Bancshares, Ltd. (RSSDID: 2267937, Location: Olney, IL)
    Date Established: July 09, 1934
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 15650
    FDIC's unique #: 9102
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: July 09, 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 East Main Street, Olney, IL 62450
    County: Richland
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Mount Vernon
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $306.4 mil
    Equity capital: $28.2 mil
    Deposits held in domestic offices: $269.1 mil
    Return on assets (ROA): 1.01% ($3.1 mil)
    Quarterly return on assets: 0.97% ($3.0 mil)
    Return on Equity (ROE): 11.25% ($3.1 mil)
    Quarterly return on equity: 10.66% ($3.0 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.50% ($4,596.0 mil)
    Quarterly Pretax return on assets: 1.43% ($4,381.5 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
  • 73Total employees (full-time equivalent)
  • $306,399Total assets
  • $8,031Cash and due from depository institutions
  • $1,070Interest-bearing balances
  • $127,356Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $160,160Net loans & leases
  • $1,743Loan loss allowance
  • $0Trading account assets
  • $2,578Bank premises and fixed assets
  • $24Other real estate owned
  • $4,889Goodwill and other intangibles
  • $306,400Life insurance assets
  • $3,361All other assets
  • $278,197Total liabilities and capital
  • $269,061Total liabilities
  • $223,105Total deposits
  • $269,061Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 6411.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,725Subordinated debt
  • $28,203All other liabilities
  • $28,203Total equity capital
  • $28,203Total bank equity capital
  • $0Perpetual preferred stock
  • $1,600Common stock
  • $5,391Surplus
  • $21,212Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $228Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,208Income earned, not collected on loans
  • $166Earning assets
  • $2,262Long-term assets (5+ years)
  • $288,586Average Assets, year-to-date
  • $94,140Average Assets, quarterly
  • $302,965Volatile liabilities
  • $313,144Insider loans
  • $167,582FHLB advances
  • $309,145Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,479Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,566Restructured Loans and leases
  • $625Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,643Total interest income
  • $2,459Total interest expense
  • $9,184Net interest income
  • $0Provision for loan and lease losses
  • $1,301Total noninterest income
  • $211Fiduciary activities
  • $443Service charges on deposit accounts
  • $0Trading account gains & fees
  • $647Additional noninterest income
  • $6,312Total noninterest expense
  • $3,945Salaries and employee benefits
  • $502Premises and equipment expense
  • $1,865Additional noninterest expense
  • $4,173Pre-tax net operating income
  • $367Securities gains (losses)
  • $1,478Applicable income taxes
  • $3,062Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,062Net income attributable to bank
  • $0Net charge-offs
  • $3,062Cash dividends
  • $61Sale, conversion, retirement of capital stock, net
  • $1,568Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.06%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.20%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.20%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 1.01%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 11.25%Return on equity (ROE)
  • 5.49%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 68.41%Efficiency ratio
  • 60,191Assets per employee
  • 4.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.21%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 144.29%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 59.53%Net loans and leases to core deposits
  • 62.15%Equity capital to assets
  • 9.20%Core capital (leverage) ratio
  • 6.95%Tier 1 risk-based capital ratio
  • 12.82%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $302,965Average earning assets
  • $27,207Average equity
  • $286,997Average 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
  • $25,262Managed Assets
  • 1Number of Accounts
  • $22,934Personal trust and agency accounts
  • $11,022Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,191Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $2,171Other fiduciary accounts
  • $8,550Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 54Number of Accounts
  • $0Personal trust and agency accounts
  • $1,191Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,328Other retirement accounts
  • $172Corporate trust and agency accounts
  • $187Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 7 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09102First National Bank In Olney101 East Main Street, Olney, IL 62450July 09, 1934Full Service Brick and Mortar
    1231741Olney Drive-In Facility400 South Whittle Avenue, Olney, IL 62450November 22, 1976Limited Service Facility
    2231742Drive-In, Route 130 North Facility215 North West Street, Olney, IL 62450April 01, 1981Full Service Brick and Mortar
    3231743Noble Facility100 East North Avenue, Noble, IL 62868July 22, 1982Limited Service Facility
    47235Ingraham Branch2567 Ingraham Lane, Ingraham, IL 62434January 01, 1921Full Service Brick and Mortar
    62484Oblong Branch203 West Main Street, Oblong, IL 62449January 01, 1907Full Service Brick and Mortar
    7201965Robinson Branch1719 West Main Street, Robinson, IL 62454March 30, 1992Full Service Brick and Mortar

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