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

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First National Bank of Steeleville
GeneralFDIC Certificate #: 1049
Status: Active
Federal Reserve ID: 129349
Bank Holding Company (Regulatory Top Holder): Steeleville Bancshares, Inc. (RSSDID: 1099627, Location: Steeleville, IL)
Date Established: November 01, 1902
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: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 701
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Mortgage Lending 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
LocationAddress: 319 West Broadway, Steeleville, IL 62288
County: Randolph
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $206.0 mil
Equity capital: $24.8 mil
Deposits held in domestic offices: $153.9 mil
Return on assets (ROA): 1.25% ($2.6 mil)
Quarterly return on assets: 1.73% ($3.6 mil)
Return on Equity (ROE): 10.68% ($2.7 mil)
Quarterly return on equity: 14.19% ($3.5 mil)
Net income: $2.6 mil
Quarterly Net income: $0.9 mil
Pretax return on assets: 1.27% ($2,615.7 mil)
Quarterly Pretax return on assets: 1.76% ($3,624.9 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)
Total employees (full-time equivalent)41
Total assets$205,962
Cash and due from depository institutions$5,431
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$2,213
Net loans & leases$86,211
Loan loss allowance $1,256
Trading account assets$0
Bank premises and fixed assets$739
Other real estate owned$208
Goodwill and other intangibles$0
All other assets$6,272
Life insurance assets$205,962
Total liabilities and capital$181,127
Total liabilities$153,876
Total deposits$141,840
Interest-bearing deposits$153,876
Deposits held in domestic offices$90
% insured (estimated)25990.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,261
All other liabilities $24,835
Total equity capital$24,835
Total bank equity capital$24,835
Perpetual preferred stock$0
Common stock$140
Undivided profits $22,195
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,504
Earning assets $0
Long-term assets (5+ years) $915
Average Assets, year-to-date $193,312
Average Assets, quarterly $42,682
Volatile liabilities $206,900
Insider loans $206,650
FHLB advances $106,614
Loans and leases held for sale $206,544
Unused loan commitments $4,707
Tier 1 (core) risk-based capital $4,707
Tier 2 risk-based capital $21,803
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,153
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,167
Total interest expense $2,419
Net interest income $5,748
Provision for loan and lease losses $208
Total noninterest income $1,063
Fiduciary activities $0
Service charges on deposit accounts $641
Trading account gains & fees $0
Additional noninterest income $422
Total noninterest expense $4,148
Salaries and employee benefits $2,585
Premises and equipment expense $501
Additional noninterest expense $1,062
Pre-tax net operating income $2,455
Securities gains (losses) $166
Applicable income taxes $36
Income before extraordinary items $2,585
Extraordinary gains - net $0
Net income attributable to bank $2,585
Net charge-offs $0
Cash dividends $2,585
Sale, conversion, retirement of capital stock, net $47
Net operating income $1,497
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.21%
Cost of funding earning assets 1.25%
Net interest margin 2.96%
Noninterest income to earning assets 0.55%
Noninterest expense to earning assets 2.14%
Net operating income to assets 1.17%
Return on assets (ROA) 1.25%
Pretax return on assets 1.27%
Return on equity (ROE) 10.68%
Retained earnings to average equity (YTD only) 4.49%
Net charge-offs to loans 0.06%
Credit loss provision to net charge-offs 442.55%
Efficiency ratio56.66%
Assets per employee$60,901
Cash dividends to net income (YTD only)5.02%
Condition Ratios (%)
Loss allowance to loans 57.91%
Loss allowance to noncurrent loans 1.44%
Noncurrent assets plus other real estate owned to assets 83.51%
Noncurrent loans to loans 0.83%
Net loans and leases to deposits1.72%
Net loans and leases to core deposits 56.03%
Equity capital to assets 60.70%
Core capital (leverage) ratio 12.06%
Tier 1 risk-based capital ratio 10.56%
Total risk-based capital ratio 20.45%
Average assets$22
Average earning assets$206,900
Average equity $24,207
Average loans $194,171
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3 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0701First National Bank Of Steeleville319 West Broadway, Steeleville, IL 62288November 01, 1902Full Service Brick and Mortar
1187789Percy Banking Center306 West Pine Street, Percy, IL 62272November 23, 1987Full Service Brick and Mortar
2356914Sparta Banking Center143 West Broadway, Sparta, IL 62286October 28, 1999Full Service Brick and Mortar
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