First State Bank in Mendota, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank - Overview

  • General
  • FDIC Certificate #: 15752
    Status: Active
    Federal Reserve ID: 887340
    Bank Holding Company (Regulatory Top Holder): Tri-County Financial Group, Inc. (RSSDID: 1139345, Location: Mendota, IL)
    Date Established: July 06, 1940
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 16 (Domestic: 16, Interstate: No)
    OTS Docket #: 12733
    FDIC's unique #: 10003
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: July 06, 1940
    Last Structure Change Effective Date: Febuary 25, 2011
    Last Structure Change Process Date: Febuary 28, 2011
    Last Data Update: Febuary 28, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 706-8 Washington Street, Mendota, IL 61342
    County: La Salle
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Ottawa-Streator, IL (#36860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $751.6 mil
    Equity capital: $69.9 mil
    Deposits held in domestic offices: $619.5 mil
    Return on assets (ROA): 1.27% ($9.6 mil)
    Quarterly return on assets: 0.12% ($0.9 mil)
    Return on Equity (ROE): 15.15% ($10.6 mil)
    Quarterly return on equity: 1.22% ($0.9 mil)
    Net income: $8.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 2.00% ($15,032.8 mil)
    Quarterly Pretax return on assets: 0.06% ($451.0 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
  • 454Total employees (full-time equivalent)
  • $751,641Total assets
  • $29,609Cash and due from depository institutions
  • $18,983Interest-bearing balances
  • $105,672Securities
  • $599Federal funds sold & reverse repurchase agreements
  • $564,119Net loans & leases
  • $5,566Loan loss allowance
  • $0Trading account assets
  • $20,784Bank premises and fixed assets
  • $5,230Other real estate owned
  • $7,772Goodwill and other intangibles
  • $751,641Life insurance assets
  • $17,856All other assets
  • $681,696Total liabilities and capital
  • $619,550Total liabilities
  • $552,428Total deposits
  • $619,550Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 6194.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $44,000Trading liabilities
  • $0Other borrowed funds
  • $11,952Subordinated debt
  • $69,945All other liabilities
  • $69,945Total equity capital
  • $69,945Total bank equity capital
  • $0Perpetual preferred stock
  • $1,305Common stock
  • $40,424Surplus
  • $28,216Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $196,630Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,404Income earned, not collected on loans
  • $0Earning assets
  • $3,378Long-term assets (5+ years)
  • $689,373Average Assets, year-to-date
  • $326,596Average Assets, quarterly
  • $690,475Volatile liabilities
  • $725,199Insider loans
  • $483,048FHLB advances
  • $741,854Loans and leases held for sale
  • $5,251Unused loan commitments
  • $2,103Tier 1 (core) risk-based capital
  • $61,562Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,148Total unused commitments
  • $67,646Restructured Loans and leases
  • $8,497Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,167Total interest income
  • $6,502Total interest expense
  • $24,665Net interest income
  • $1,800Provision for loan and lease losses
  • $42,208Total noninterest income
  • $127Fiduciary activities
  • $931Service charges on deposit accounts
  • $0Trading account gains & fees
  • $41,150Additional noninterest income
  • $51,268Total noninterest expense
  • $33,937Salaries and employee benefits
  • $3,716Premises and equipment expense
  • $13,615Additional noninterest expense
  • $13,805Pre-tax net operating income
  • $16Securities gains (losses)
  • $5,071Applicable income taxes
  • $8,750Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,750Net income attributable to bank
  • $0Net charge-offs
  • $8,750Cash dividends
  • $807Sale, conversion, retirement of capital stock, net
  • $3,623Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 3.88%Net interest margin
  • 6.64%Noninterest income to earning assets
  • 8.06%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 2.00%Pretax return on assets
  • 15.15%Return on equity (ROE)
  • 8.88%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 223.05%Credit loss provision to net charge-offs
  • 19.34%Efficiency ratio
  • 76,469Assets per employee
  • 1.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.41%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 41.52%Noncurrent assets plus other real estate owned to assets
  • 2.48%Noncurrent loans to loans
  • 2.35%Net loans and leases to deposits
  • 91.05%Net loans and leases to core deposits
  • 107.15%Equity capital to assets
  • 9.31%Core capital (leverage) ratio
  • 8.30%Tier 1 risk-based capital ratio
  • 12.74%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $690,475Average earning assets
  • $57,755Average equity
  • $635,896Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $34,772Managed Assets
  • 1Number of Accounts
  • $16,463Personal trust and agency accounts
  • $16,463Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 74Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $18,309Other retirement accounts
  • $13,810Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,876Fiduciary accounts held in foreign offices

List of branches

  • 16 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010003First State Bank706-8 Washington Street, Mendota, IL 61342July 06, 1940Full Service Brick and Mortar
    2235188La Moille FacilityGurney Street On U. S. 34, La Moille, IL 61330November 01, 1982Full Service Brick and Mortar
    3235189Peru Branch4351 Venture Drive, Peru, IL 61354January 22, 1990Full Service Brick and Mortar
    442090Streator Branch302 East Main Street, Streator, IL 61364January 01, 1892Full Service Brick and Mortar
    53899Mcnabb Branch411 West Main Street, Mcnabb, IL 61335May 01, 1903Full Service Brick and Mortar
    6433021Ottawa Branch1212 Columbus Avenue, Ottawa, IL 61350November 12, 2004Full Service Brick and Mortar
    8201863Mendota Branch1403 13th Avenue, Mendota, IL 61348June 08, 1999Limited Service Facility
    10470367Bloomington Branch502 North Hershey, Bloomington, IL 61704January 14, 2008Full Service Brick and Mortar
    1156845Valley Community Bank Branch620 East Main Street, St. Charles, IL 60174June 24, 1996Full Service Brick and Mortar
    12290440Geneva Branch323 West State Street, Geneva, IL 60134November 21, 1997Full Service Brick and Mortar
    13290441Batavia Branch18 East Wilson Street, Batavia, IL 60510March 17, 1998Full Service Brick and Mortar
    14290442West Side Branch1615 West Main Street, St. Charles, IL 60174May 16, 1997Full Service Brick and Mortar
    15290443Drive Up Branch109 North 9th Avenue, St. Charles, IL 60174December 17, 1997Limited Service Facility
    16362178North Aurora Office75 S. Randall Road, North Aurora, IL 60542September 29, 2000Full Service Brick and Mortar
    17525911St. Charles West Branch2651 West Main Street, Saint Charles, IL 60175September 26, 2011Full Service Brick and Mortar
    18526951West Wilson Batavia Branch1978 West Wilson, Batavia, IL 60510November 18, 2011Full Service Brick and Mortar

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