First National Bank of Rossville in Rossville, Illinois (IL)

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First National Bank of Rossville
GeneralFDIC Certificate #: 3737
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of Rantoul (#11711)
Federal Reserve ID: 695844
Date Established: June 01, 1900
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 2402
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: June 21, 1999
Last Structure Change Process Date: July 07, 1999
Last Data Update: July 07, 1999
Data Source Date: April 05, 2012
LocationAddress: 111 North Chicago, Rossville, IL 60963
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 SummaryTotal assets: $20.5 mil

1992 - 1999 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, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)10
Total assets$21,346
Cash and due from depository institutions$373
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$2,142
Net loans & leases$9,574
Loan loss allowance $81
Trading account assets$0
Bank premises and fixed assets$330
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$688
Life insurance assets$0
Total liabilities and capital$21,346
Total liabilities$18,919
Total deposits$18,761
Interest-bearing deposits$16,863
Deposits held in domestic offices$18,761
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $158
Total equity capital$2,427
Total bank equity capital$2,427
Perpetual preferred stock$2,427
Common stock$0
Undivided profits $550
Noncurrent loans and leases $1,727
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $61
Long-term assets (5+ years) $0
Average Assets, year-to-date $320
Average Assets, quarterly $19,955
Volatile liabilities $3,413
Insider loans $21,333
FHLB advances $21,314
Loans and leases held for sale $2,775
Unused loan commitments $178
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $698
Restructured Loans and leases $0
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Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $1,596
Total interest expense $709
Net interest income $887
Provision for loan and lease losses $100
Total noninterest income $104
Fiduciary activities $0
Service charges on deposit accounts $73
Trading account gains & fees $0
Additional noninterest income $31
Total noninterest expense $532
Salaries and employee benefits $319
Premises and equipment expense $72
Additional noninterest expense $141
Pre-tax net operating income $359
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $359
Extraordinary gains - net $0
Net income attributable to bank $359
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $170
Net operating income $345
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Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.06%
Cost of funding earning assets 3.58%
Net interest margin 4.48%
Noninterest income to earning assets 0.53%
Noninterest expense to earning assets 2.69%
Net operating income to assets 1.68%
Return on assets (ROA) 1.68%
Pretax return on assets 1.68%
Return on equity (ROE) 15.50%
Retained earnings to average equity (YTD only) 0.60%
Net charge-offs to loans 1.67%
Credit loss provision to net charge-offs 58.82%
Efficiency ratio2.70%
Assets per employee$53,683
Cash dividends to net income (YTD only)2.13%
Condition Ratios (%)
Loss allowance to loans 96.10%
Loss allowance to noncurrent loans 0.84%
Noncurrent assets plus other real estate owned to assets 132.79%
Noncurrent loans to loans 0.29%
Net loans and leases to deposits0.63%
Net loans and leases to core deposits 51.03%
Equity capital to assets 59.89%
Core capital (leverage) ratio 11.37%
Tier 1 risk-based capital ratio 9.07%
Total risk-based capital ratio 18.35%
Average assets$19
Average earning assets$21,333
Average equity $2,315
Average loans $19,806
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