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


First State Bank of Forrest - Overview

  • General
  • FDIC Certificate #: 11669
    Status: Active
    Federal Reserve ID: 980438
    Bank Holding Company (Regulatory Top Holder): Forrest Bancshares, Inc. (RSSDID: 1207981, Location: Forrest, IL)
    Date Established: January 01, 1914
    WWW: http://www.firststatebankofforrest.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 7456
    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: January 01, 1934
    Last Structure Change Effective Date: January 01, 2011
    Last Structure Change Process Date: January 04, 2011
    Last Data Update: January 04, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 133 East Krack Street, Forrest, IL 61741
    County: Livingston
    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): Pontiac, IL (#38700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $124.4 mil
    Equity capital: $12.4 mil
    Deposits held in domestic offices: $107.8 mil
    Return on assets (ROA): 2.06% ($2.6 mil)
    Quarterly return on assets: 1.97% ($2.4 mil)
    Return on Equity (ROE): 20.35% ($2.4 mil)
    Quarterly return on equity: 19.70% ($2.4 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 2.09% ($2,599.6 mil)
    Quarterly Pretax return on assets: 1.97% ($2,450.3 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
  • 36Total employees (full-time equivalent)
  • $124,381Total assets
  • $13,863Cash and due from depository institutions
  • $11,130Interest-bearing balances
  • $7,284Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $99,651Net loans & leases
  • $1,623Loan loss allowance
  • $0Trading account assets
  • $1,303Bank premises and fixed assets
  • $109Other real estate owned
  • $0Goodwill and other intangibles
  • $124,381Life insurance assets
  • $2,171All other assets
  • $111,961Total liabilities and capital
  • $107,778Total liabilities
  • $95,238Total deposits
  • $107,778Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $183Subordinated debt
  • $12,420All other liabilities
  • $12,420Total equity capital
  • $12,420Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $2,475Surplus
  • $9,795Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,627Income earned, not collected on loans
  • $0Earning assets
  • $963Long-term assets (5+ years)
  • $118,065Average Assets, year-to-date
  • $24,783Average Assets, quarterly
  • $121,332Volatile liabilities
  • $123,856Insider loans
  • $78,569FHLB advances
  • $124,902Loans and leases held for sale
  • $254Unused loan commitments
  • $254Tier 1 (core) risk-based capital
  • $12,420Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,611Restructured Loans and leases
  • $2,450Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,953Total interest income
  • $908Total interest expense
  • $5,045Net interest income
  • $82Provision for loan and lease losses
  • $398Total noninterest income
  • $0Fiduciary activities
  • $246Service charges on deposit accounts
  • $0Trading account gains & fees
  • $152Additional noninterest income
  • $2,826Total noninterest expense
  • $1,649Salaries and employee benefits
  • $417Premises and equipment expense
  • $760Additional noninterest expense
  • $2,535Pre-tax net operating income
  • $0Securities gains (losses)
  • $31Applicable income taxes
  • $2,504Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,504Net income attributable to bank
  • $0Net charge-offs
  • $2,504Cash dividends
  • $81Sale, conversion, retirement of capital stock, net
  • $2,310Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.14%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 4.36%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.44%Noninterest expense to earning assets
  • 2.06%Net operating income to assets
  • 2.06%Return on assets (ROA)
  • 2.09%Pretax return on assets
  • 20.35%Return on equity (ROE)
  • 1.58%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 101.23%Credit loss provision to net charge-offs
  • 32.31%Efficiency ratio
  • 51,920Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 92.25%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 61.78%Noncurrent assets plus other real estate owned to assets
  • 2.20%Noncurrent loans to loans
  • 2.59%Net loans and leases to deposits
  • 92.46%Net loans and leases to core deposits
  • 93.58%Equity capital to assets
  • 9.99%Core capital (leverage) ratio
  • 9.94%Tier 1 risk-based capital ratio
  • 15.81%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $121,332Average earning assets
  • $12,307Average equity
  • $115,821Average 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
  • $648Managed Assets
  • 1Number of Accounts
  • $247Personal trust and agency accounts
  • $247Employee 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
  • 4Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $401Other retirement accounts
  • $401Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07456First State Bank Of Forrest133 East Krack Street, Forrest, IL 61741January 01, 1914Full Service Brick and Mortar
    1225454Fairbury Branch603 West Oak Street, Fairbury, IL 61739August 18, 1997Full Service Brick and Mortar
    2267529115 N Chestnut St Branch115 North Chestnut Street, Onarga, IL 60955January 01, 1917Full Service Brick and Mortar
    310429Erie Branch915 8th Avenue, Erie, IL 61250Febuary 01, 1945Full Service Brick and Mortar
    414459Peoria Heights Branch4717 North Prospect Road, Peoria Heights, IL 61614January 17, 1973Full Service Brick and Mortar

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