First State Bank of Heyworth in Heyworth, Illinois (IL)



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First State Bank of Heyworth
GeneralFDIC Certificate #: 11316
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First State Bank of Bloomington (#22034)
Federal Reserve ID: 802231
Date Established: April 12, 1906
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 15611
FDIC's unique #: 7226
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 14, 2003
Last Structure Change Process Date: June 05, 2003
Last Data Update: June 05, 2003
Data Source Date: April 05, 2012
LocationAddress: 117 East Main Street, Heyworth, IL 61745
County: Mclean
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
Metropolitan Statistical Area (MSA): Bloomington-Normal, IL (#1040)
Core Based Statistical Area (CBSA): Bloomington-Normal, IL (#14060)
CBSA Metro Statistical Area: Bloomington-Normal, IL (#14060)
Financial SummaryTotal assets: $22.7 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, 2002)
(Dollar figures in thousands)
Total employees (full-time equivalent)7
Total assets$23,753
Cash and due from depository institutions$857
Interest-bearing balances$0
Securities$12,487
Federal funds sold & reverse repurchase agreements$25
Net loans & leases$8,943
Loan loss allowance $86
Trading account assets$0
Bank premises and fixed assets$308
Other real estate owned$137
Goodwill and other intangibles$10
All other assets$986
Life insurance assets$0
Total liabilities and capital$23,753
Total liabilities$21,664
Total deposits$21,263
Interest-bearing deposits$18,390
Deposits held in domestic offices$21,263
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $300
Subordinated debt $0
All other liabilities $101
Total equity capital$2,089
Total bank equity capital$2,089
Perpetual preferred stock$2,089
Common stock$0
Surplus$91
Undivided profits $629
Memoranda
Noncurrent loans and leases $1,369
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,000
Income earned, not collected on loans $0
Earning assets $111
Long-term assets (5+ years) $0
Average Assets, year-to-date $151
Average Assets, quarterly $21,455
Volatile liabilities $7,243
Insider loans $22,627
FHLB advances $23,590
Loans and leases held for sale $4,099
Unused loan commitments $26
Tier 1 (core) risk-based capital $300
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $2,000
Restructured Loans and leases $0
Derivatives$86
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Income and Expense (December 31, 2002)
(Dollar figures in thousands)
Total interest income $1,111
Total interest expense $369
Net interest income $742
Provision for loan and lease losses $7
Total noninterest income $162
Fiduciary activities $0
Service charges on deposit accounts $98
Trading account gains & fees $0
Additional noninterest income $64
Total noninterest expense $521
Salaries and employee benefits $227
Premises and equipment expense $73
Additional noninterest expense $221
Pre-tax net operating income $376
Securities gains (losses) $8
Applicable income taxes $0
Income before extraordinary items $384
Extraordinary gains - net $0
Net income attributable to bank $384
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $18
Net operating income $158
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Performance and Condition Ratios (December 31, 2002)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.47%
Cost of funding earning assets 1.82%
Net interest margin 3.66%
Noninterest income to earning assets 0.80%
Noninterest expense to earning assets 2.57%
Net operating income to assets 1.66%
Return on assets (ROA) 1.70%
Pretax return on assets 1.70%
Return on equity (ROE) 19.96%
Retained earnings to average equity (YTD only) 11.75%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 38.89%
Efficiency ratio21.28%
Assets per employee$57,633
Cash dividends to net income (YTD only)3.39%
Condition Ratios (%)
Loss allowance to loans 41.15%
Loss allowance to noncurrent loans 0.95%
Noncurrent assets plus other real estate owned to assets 77.48%
Noncurrent loans to loans 1.04%
Net loans and leases to deposits1.23%
Net loans and leases to core deposits 42.06%
Equity capital to assets 52.10%
Core capital (leverage) ratio 8.79%
Tier 1 risk-based capital ratio 8.00%
Total risk-based capital ratio 21.43%
Memoranda
Average assets$22
Average earning assets$22,627
Average equity $1,924
Average loans $20,299
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