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

First National Bank in Paxton - Overview

  • General
  • FDIC Certificate #: 3723
    Status: Active
    Federal Reserve ID: 654542
    Bank Holding Company (Regulatory Top Holder): Agricultural Banking Corporation (RSSDID: 1247624, Location: Paxton, IL)
    Date Established: October 20, 1933
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 2389
    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: 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: 106 North Market Street, Paxton, IL 60957
    County: Ford
    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): Champaign-Urbana, IL (#16580)
    CBSA Metro Statistical Area: Champaign-Urbana, IL (#16580)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $72.5 mil
    Equity capital: $8.4 mil
    Deposits held in domestic offices: $63.8 mil
    Return on assets (ROA): 1.11% ($0.8 mil)
    Quarterly return on assets: 1.16% ($0.8 mil)
    Return on Equity (ROE): 10.06% ($0.8 mil)
    Quarterly return on equity: 10.27% ($0.8 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.11% ($804.4 mil)
    Quarterly Pretax return on assets: 1.16% ($840.6 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
  • 17Total employees (full-time equivalent)
  • $72,467Total assets
  • $16,349Cash and due from depository institutions
  • $15,470Interest-bearing balances
  • $25,204Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $28,825Net loans & leases
  • $300Loan loss allowance
  • $0Trading account assets
  • $110Bank premises and fixed assets
  • $139Other real estate owned
  • $0Goodwill and other intangibles
  • $72,467Life insurance assets
  • $1,840All other assets
  • $64,112Total liabilities and capital
  • $63,763Total liabilities
  • $55,250Total deposits
  • $63,763Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $349Subordinated debt
  • $8,355All other liabilities
  • $8,355Total equity capital
  • $8,355Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $810Surplus
  • $7,295Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $74Income earned, not collected on loans
  • $0Earning assets
  • $397Long-term assets (5+ years)
  • $69,499Average Assets, year-to-date
  • $8,246Average Assets, quarterly
  • $74,492Volatile liabilities
  • $74,269Insider loans
  • $33,123FHLB advances
  • $75,212Loans and leases held for sale
  • $662Unused loan commitments
  • $662Tier 1 (core) risk-based capital
  • $8,026Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,204Restructured Loans and leases
  • $1,070Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,379Total interest income
  • $438Total interest expense
  • $1,941Net interest income
  • $0Provision for loan and lease losses
  • $470Total noninterest income
  • $0Fiduciary activities
  • $163Service charges on deposit accounts
  • $0Trading account gains & fees
  • $307Additional noninterest income
  • $1,706Total noninterest expense
  • $1,113Salaries and employee benefits
  • $104Premises and equipment expense
  • $489Additional noninterest expense
  • $705Pre-tax net operating income
  • $122Securities gains (losses)
  • $0Applicable income taxes
  • $827Income before extraordinary items
  • $0Extraordinary gains - net
  • $827Net income attributable to bank
  • $0Net charge-offs
  • $827Cash dividends
  • $11Sale, conversion, retirement of capital stock, net
  • $770Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.33%Yield on earning assets
  • 0.61%Cost of funding earning assets
  • 2.72%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 2.39%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 10.06%Return on equity (ROE)
  • 0.69%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 64.09%Efficiency ratio
  • 70,759Assets per employee
  • 4.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 93.11%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 405.41%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 45.21%Net loans and leases to core deposits
  • 46.63%Equity capital to assets
  • 11.53%Core capital (leverage) ratio
  • 10.67%Tier 1 risk-based capital ratio
  • 24.23%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $74,492Average earning assets
  • $8,219Average equity
  • $71,433Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02389First National Bank In Paxton106 North Market Street, Paxton, IL 60957October 20, 1933Full Service Brick and Mortar
    1201808Plaza Facility101 South Market Street, Paxton, IL 60957July 01, 1969Full Service Brick and Mortar

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