FDIC 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
Location
Address: 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 Summary
Total 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
10Total employees (full-time equivalent)
$21,346Total assets
$373Cash and due from depository institutions
$0Interest-bearing balances
$8,239Securities
$2,142Federal funds sold & reverse repurchase agreements
$9,574Net loans & leases
$81Loan loss allowance
$0Trading account assets
$330Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$688All other assets
$21,346Total liabilities and capital
$18,919Total liabilities
$18,761Total deposits
$16,863Interest-bearing deposits
$18,761Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$158All other liabilities
$2,427Total equity capital
$2,427Total bank equity capital
$2,427Perpetual preferred stock
$0Common stock
$150Surplus
$550Undivided profits
Memoranda
$1,727Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$61Earning assets
$0Long-term assets (5+ years)
$320Average Assets, year-to-date
$19,955Average Assets, quarterly
$3,413Volatile liabilities
$21,333Insider loans
$21,314FHLB advances
$2,775Loans and leases held for sale
$178Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$698Total unused commitments
$0Restructured Loans and leases
$10,681Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,596Total interest income
$709Total interest expense
$887Net interest income
$100Provision for loan and lease losses
$104Total noninterest income
$0Fiduciary activities
$73Service charges on deposit accounts
$0Trading account gains & fees
$31Additional noninterest income
$532Total noninterest expense
$319Salaries and employee benefits
$72Premises and equipment expense
$141Additional noninterest expense
$359Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$359Income before extraordinary items
$0Extraordinary gains - net
$359Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$170Sale, conversion, retirement of capital stock, net
$345Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.06%Yield on earning assets
3.58%Cost of funding earning assets
4.48%Net interest margin
0.53%Noninterest income to earning assets
2.69%Noninterest expense to earning assets
1.68%Net operating income to assets
1.68%Return on assets (ROA)
1.68%Pretax return on assets
15.50%Return on equity (ROE)
0.60%Retained earnings to average equity (YTD only)
1.67%Net charge-offs to loans
58.82%Credit loss provision to net charge-offs
2.70%Efficiency ratio
53,683Assets per employee
2.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
96.10%Loss allowance to loans
0.84%Loss allowance to noncurrent loans
132.79%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.63%Net loans and leases to deposits
51.03%Net loans and leases to core deposits
59.89%Equity capital to assets
11.37%Core capital (leverage) ratio
9.07%Tier 1 risk-based capital ratio
18.35%Total risk-based capital ratio
Memoranda
$19Average assets
$21,333Average earning assets
$2,315Average equity
$19,806Average loans
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