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

  • First State Bank in Monticello, Illinois (IL)
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First State Bank - Overview

  • General
  • FDIC Certificate #: 16332
    Status: Active
    Federal Reserve ID: 899642
    Bank Holding Company (Regulatory Top Holder): First State Bancorp Of Monticello, Inc. Employee Stock Ownership Plan (RSSDID: 2310217, Location: Monticello, IL)
    Date Established: November 10, 1945
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 15612
    FDIC's unique #: 10516
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: November 10, 1945
    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
  • Location
  • Address: 201 West Main Street, Monticello, IL 61856
    County: Piatt
    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): Champaign-Urbana, IL (#16580)
    CBSA Metro Statistical Area: Champaign-Urbana, IL (#16580)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $229.1 mil
    Equity capital: $23.0 mil
    Deposits held in domestic offices: $195.4 mil
    Return on assets (ROA): 1.19% ($2.7 mil)
    Quarterly return on assets: 1.22% ($2.8 mil)
    Return on Equity (ROE): 12.13% ($2.8 mil)
    Quarterly return on equity: 12.30% ($2.8 mil)
    Net income: $2.7 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.19% ($2,726.8 mil)
    Quarterly Pretax return on assets: 1.22% ($2,795.6 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
  • 59Total employees (full-time equivalent)
  • $229,144Total assets
  • $8,928Cash and due from depository institutions
  • $4,252Interest-bearing balances
  • $70,224Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $137,604Net loans & leases
  • $2,884Loan loss allowance
  • $0Trading account assets
  • $7,241Bank premises and fixed assets
  • $282Other real estate owned
  • $255Goodwill and other intangibles
  • $229,144Life insurance assets
  • $4,610All other assets
  • $206,131Total liabilities and capital
  • $195,379Total liabilities
  • $159,031Total deposits
  • $195,379Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 9386.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $950Trading liabilities
  • $0Other borrowed funds
  • $416Subordinated debt
  • $23,013All other liabilities
  • $23,013Total equity capital
  • $23,013Total bank equity capital
  • $0Perpetual preferred stock
  • $820Common stock
  • $5,788Surplus
  • $16,405Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,346Income earned, not collected on loans
  • $0Earning assets
  • $1,527Long-term assets (5+ years)
  • $212,080Average Assets, year-to-date
  • $39,371Average Assets, quarterly
  • $228,169Volatile liabilities
  • $229,268Insider loans
  • $144,504FHLB advances
  • $227,630Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,290Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,085Restructured Loans and leases
  • $4,762Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,561Total interest income
  • $1,516Total interest expense
  • $8,045Net interest income
  • $1,117Provision for loan and lease losses
  • $1,958Total noninterest income
  • $266Fiduciary activities
  • $501Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,191Additional noninterest income
  • $6,266Total noninterest expense
  • $3,332Salaries and employee benefits
  • $928Premises and equipment expense
  • $2,006Additional noninterest expense
  • $2,620Pre-tax net operating income
  • $91Securities gains (losses)
  • $0Applicable income taxes
  • $2,711Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,711Net income attributable to bank
  • $0Net charge-offs
  • $2,711Cash dividends
  • $162Sale, conversion, retirement of capital stock, net
  • $1,053Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.71%Yield on earning assets
  • 0.75%Cost of funding earning assets
  • 3.96%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 3.09%Noninterest expense to earning assets
  • 1.15%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 12.13%Return on equity (ROE)
  • 7.42%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 689.51%Credit loss provision to net charge-offs
  • 23.07%Efficiency ratio
  • 62,641Assets per employee
  • 3.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.84%Loss allowance to loans
  • 2.05%Loss allowance to noncurrent loans
  • 214.26%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 0.96%Net loans and leases to deposits
  • 70.43%Net loans and leases to core deposits
  • 80.21%Equity capital to assets
  • 10.04%Core capital (leverage) ratio
  • 9.35%Tier 1 risk-based capital ratio
  • 14.73%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $228,169Average earning assets
  • $22,346Average equity
  • $202,969Average 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
  • $80,327Managed Assets
  • 1Number of Accounts
  • $52,547Personal trust and agency accounts
  • $27,348Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $25,199Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 48Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $27,780Other retirement accounts
  • $415Corporate trust and agency accounts
  • $15,181Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 6 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010516First State Bank201 West Main Street, Monticello, IL 61856November 10, 1945Full Service Brick and Mortar
    1237916Drive-In Facility201 West Main Street, Monticello, IL 61856Febuary 02, 1972Limited Service Facility
    27510Hammond Branch200 S. Don Ryan, Hammond, IL 61929September 23, 1901Full Service Brick and Mortar
    33920Atwood Branch131 North Main Street, Atwood, IL 61913January 01, 1919Full Service Brick and Mortar
    4208093Tuscola Branch801 South Main Street, Tuscola, IL 61953April 15, 1996Full Service Brick and Mortar
    5465719Champaign Branch101 Windsor Road, Champaign, IL 61820September 07, 2006Full Service Brick and Mortar

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