First State Bank Shannon-Polo in Shannon, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

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

  • General
  • FDIC Certificate #: 1781
    Status: Active
    Federal Reserve ID: 232847
    Bank Holding Company (Regulatory Top Holder): Shannon Bancorp, Inc. (RSSDID: 1209985, Location: Shannon, IL)
    Date Established: January 14, 1930
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 11562
    FDIC's unique #: 1179
    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: 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: 1 South Linn Street, Shannon, IL 61078
    County: Carroll
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $151.4 mil
    Equity capital: $14.3 mil
    Deposits held in domestic offices: $129.0 mil
    Return on assets (ROA): 0.96% ($1.4 mil)
    Quarterly return on assets: 0.64% ($1.0 mil)
    Return on Equity (ROE): 9.84% ($1.4 mil)
    Quarterly return on equity: 6.53% ($0.9 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.97% ($1,468.8 mil)
    Quarterly Pretax return on assets: 0.69% ($1,044.8 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
  • 37Total employees (full-time equivalent)
  • $151,422Total assets
  • $25,330Cash and due from depository institutions
  • $14,650Interest-bearing balances
  • $37,715Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $78,219Net loans & leases
  • $624Loan loss allowance
  • $0Trading account assets
  • $1,365Bank premises and fixed assets
  • $590Other real estate owned
  • $2,296Goodwill and other intangibles
  • $151,422Life insurance assets
  • $5,907All other assets
  • $137,096Total liabilities and capital
  • $128,991Total liabilities
  • $108,803Total deposits
  • $128,991Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 7334.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $771Subordinated debt
  • $14,326All other liabilities
  • $14,326Total equity capital
  • $14,326Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $4,600Surplus
  • $9,326Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $274Income earned, not collected on loans
  • $0Earning assets
  • $1,298Long-term assets (5+ years)
  • $130,584Average Assets, year-to-date
  • $38,424Average Assets, quarterly
  • $147,129Volatile liabilities
  • $148,803Insider loans
  • $98,933FHLB advances
  • $146,655Loans and leases held for sale
  • $3,511Unused loan commitments
  • $3,511Tier 1 (core) risk-based capital
  • $11,875Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,432Restructured Loans and leases
  • $479Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,310Total interest income
  • $1,052Total interest expense
  • $4,258Net interest income
  • $267Provision for loan and lease losses
  • $1,111Total noninterest income
  • $31Fiduciary activities
  • $153Service charges on deposit accounts
  • $0Trading account gains & fees
  • $927Additional noninterest income
  • $3,676Total noninterest expense
  • $2,319Salaries and employee benefits
  • $434Premises and equipment expense
  • $923Additional noninterest expense
  • $1,426Pre-tax net operating income
  • $4Securities gains (losses)
  • $17Applicable income taxes
  • $1,413Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,413Net income attributable to bank
  • $0Net charge-offs
  • $1,413Cash dividends
  • $307Sale, conversion, retirement of capital stock, net
  • $1,447Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.12%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 9.84%Return on equity (ROE)
  • -0.24%Retained earnings to average equity (YTD only)
  • 0.40%Net charge-offs to loans
  • 86.97%Credit loss provision to net charge-offs
  • 5.51%Efficiency ratio
  • 68,467Assets per employee
  • 4.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 102.41%Loss allowance to loans
  • 0.79%Loss allowance to noncurrent loans
  • 227.74%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 60.64%Net loans and leases to core deposits
  • 63.11%Equity capital to assets
  • 9.46%Core capital (leverage) ratio
  • 8.10%Tier 1 risk-based capital ratio
  • 12.00%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $147,129Average earning assets
  • $14,355Average equity
  • $128,742Average 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
  • $1,802Managed Assets
  • 1Number of Accounts
  • $1,802Personal trust and agency accounts
  • $1,802Employee 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
  • 17Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01179First State Bank Shannon-Polo1 South Linn Street, Shannon, IL 61078January 14, 1930Full Service Brick and Mortar
    1190137Polo Branch211 South Division Street, Polo, IL 61064September 13, 1993Full Service Brick and Mortar
    3462474Lake Carroll Branch24494 Payne Road, Shannon, IL 61078April 16, 2007Full Service Brick and Mortar

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