First Security Bank in Mackinaw, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank - Overview

  • General
  • FDIC Certificate #: 3698
    Status: Active
    Federal Reserve ID: 416339
    Bank Holding Company (Regulatory Top Holder): Mackinaw Valley Financial Services, Inc. (RSSDID: 1417539, Location: Mackinaw, IL)
    Date Established: January 01, 1934
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 14074
    FDIC's unique #: 2368
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 29, 2008
    Last Structure Change Process Date: August 20, 2008
    Last Data Update: August 20, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 101 East Fast Street, Mackinaw, IL 61755
    County: Tazewell
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Springfield Il
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Peoria-Pekin, IL (#6120)
    Combined Statistical Area (CSA): Peoria-Canton, IL (#426)
    Core Based Statistical Area (CBSA): Peoria, IL (#37900)
    CBSA Metro Statistical Area: Peoria, IL (#37900)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $71.7 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $61.7 mil
    Return on assets (ROA): 0.99% ($0.7 mil)
    Quarterly return on assets: 1.07% ($0.8 mil)
    Return on Equity (ROE): 10.03% ($0.8 mil)
    Quarterly return on equity: 10.24% ($0.8 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.99% ($710.1 mil)
    Quarterly Pretax return on assets: 1.07% ($767.5 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
  • 23Total employees (full-time equivalent)
  • $71,726Total assets
  • $6,186Cash and due from depository institutions
  • $4,740Interest-bearing balances
  • $5,706Securities
  • $567Federal funds sold & reverse repurchase agreements
  • $54,550Net loans & leases
  • $607Loan loss allowance
  • $0Trading account assets
  • $1,167Bank premises and fixed assets
  • $283Other real estate owned
  • $731Goodwill and other intangibles
  • $71,726Life insurance assets
  • $2,536All other assets
  • $64,013Total liabilities and capital
  • $61,656Total liabilities
  • $53,912Total deposits
  • $61,656Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $357Subordinated debt
  • $7,713All other liabilities
  • $7,713Total equity capital
  • $7,713Total bank equity capital
  • $0Perpetual preferred stock
  • $95Common stock
  • $3,948Surplus
  • $3,670Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,654Income earned, not collected on loans
  • $0Earning assets
  • $986Long-term assets (5+ years)
  • $65,563Average Assets, year-to-date
  • $17,496Average Assets, quarterly
  • $74,235Volatile liabilities
  • $73,111Insider loans
  • $53,330FHLB advances
  • $72,623Loans and leases held for sale
  • $889Unused loan commitments
  • $889Tier 1 (core) risk-based capital
  • $6,938Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,443Restructured Loans and leases
  • $1,401Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,431Total interest income
  • $735Total interest expense
  • $2,696Net interest income
  • $180Provision for loan and lease losses
  • $367Total noninterest income
  • $0Fiduciary activities
  • $84Service charges on deposit accounts
  • $0Trading account gains & fees
  • $283Additional noninterest income
  • $2,163Total noninterest expense
  • $1,072Salaries and employee benefits
  • $254Premises and equipment expense
  • $837Additional noninterest expense
  • $720Pre-tax net operating income
  • $13Securities gains (losses)
  • $0Applicable income taxes
  • $733Income before extraordinary items
  • $0Extraordinary gains - net
  • $733Net income attributable to bank
  • $0Net charge-offs
  • $733Cash dividends
  • $324Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.26%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 10.03%Return on equity (ROE)
  • 10.03%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 55.56%Credit loss provision to net charge-offs
  • 2.78%Efficiency ratio
  • 69,997Assets per employee
  • 3.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 36.70%Noncurrent assets plus other real estate owned to assets
  • 2.70%Noncurrent loans to loans
  • 3.00%Net loans and leases to deposits
  • 88.47%Net loans and leases to core deposits
  • 103.63%Equity capital to assets
  • 10.75%Core capital (leverage) ratio
  • 9.55%Tier 1 risk-based capital ratio
  • 13.01%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $74,235Average earning assets
  • $7,312Average equity
  • $65,221Average loans

List of branches

  • 4 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02368First Security Bank101 East Fast Street, Mackinaw, IL 61755January 01, 1934Full Service Brick and Mortar
    1428149Heritage Lake Branch#2 Bradford Drive, Mackinaw, IL 61755October 06, 1997Full Service Brick and Mortar
    2429641Deer Creek Branch201 East First Street, Deer Creek, IL 61733September 12, 2002Full Service Brick and Mortar
    317102Danvers Branch116 East Exchange, Danvers, IL 61732August 05, 1983Full Service Brick and Mortar

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