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

This bank is inactive as of January 14, 2012

First State Bank of Red Bud - Overview

  • General
  • FDIC Certificate #: 11704
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The First National Bank of Dieterich (#3787)
    Federal Reserve ID: 356949
    Bank Holding Company (Regulatory Top Holder): Red Bud Bancorp, Inc. (RSSDID: 1133343, Location: Red Bud, IL)
    Date Established: May 01, 1875
    WWW: http://www.fsbredbud.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10974
    FDIC's unique #: 7483
    Numeric code: 13
    Regulator: FED
    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: January 01, 1934
    Last Structure Change Effective Date: January 14, 2012
    Last Structure Change Process Date: January 20, 2012
    Last Data Update: January 20, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 115 West Market Street, Red Bud, IL 62278
    County: Randolph
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Mount Vernon
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • Financial Summary
  • Total assets: $96.0 mil
    Equity capital: $11.9 mil
    Deposits held in domestic offices: $82.3 mil
    Return on assets (ROA): 0.53% ($0.5 mil)
    Quarterly return on assets: 0.48% ($0.5 mil)
    Return on Equity (ROE): 4.52% ($0.5 mil)
    Quarterly return on equity: 3.83% ($0.5 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.86% ($825.4 mil)
    Quarterly Pretax return on assets: 0.91% ($873.4 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
  • 19Total employees (full-time equivalent)
  • $95,974Total assets
  • $3,445Cash and due from depository institutions
  • $411Interest-bearing balances
  • $45,999Securities
  • $2,000Federal funds sold & reverse repurchase agreements
  • $36,969Net loans & leases
  • $2,512Loan loss allowance
  • $0Trading account assets
  • $1,799Bank premises and fixed assets
  • $1,559Other real estate owned
  • $0Goodwill and other intangibles
  • $95,974Life insurance assets
  • $4,203All other assets
  • $84,041Total liabilities and capital
  • $82,302Total liabilities
  • $69,394Total deposits
  • $82,302Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $739Subordinated debt
  • $11,933All other liabilities
  • $11,933Total equity capital
  • $11,933Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $9,468Surplus
  • $2,365Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,499Income earned, not collected on loans
  • $0Earning assets
  • $359Long-term assets (5+ years)
  • $85,379Average Assets, year-to-date
  • $48,413Average Assets, quarterly
  • $96,122Volatile liabilities
  • $94,859Insider loans
  • $48,950FHLB advances
  • $90,971Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,124Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,394Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,814Total interest income
  • $1,162Total interest expense
  • $2,652Net interest income
  • $0Provision for loan and lease losses
  • $295Total noninterest income
  • $0Fiduciary activities
  • $184Service charges on deposit accounts
  • $0Trading account gains & fees
  • $111Additional noninterest income
  • $2,245Total noninterest expense
  • $1,105Salaries and employee benefits
  • $489Premises and equipment expense
  • $651Additional noninterest expense
  • $702Pre-tax net operating income
  • $129Securities gains (losses)
  • $317Applicable income taxes
  • $514Income before extraordinary items
  • $0Extraordinary gains - net
  • $514Net income attributable to bank
  • $0Net charge-offs
  • $514Cash dividends
  • $190Sale, conversion, retirement of capital stock, net
  • $15Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.43%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.08%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.61%Noninterest expense to earning assets
  • 0.45%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 4.52%Return on equity (ROE)
  • 4.39%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 3.69%Efficiency ratio
  • 76,179Assets per employee
  • 5.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 2.92%Loss allowance to loans
  • 6.36%Loss allowance to noncurrent loans
  • 167.58%Noncurrent assets plus other real estate owned to assets
  • 3.19%Noncurrent loans to loans
  • 3.80%Net loans and leases to deposits
  • 44.92%Net loans and leases to core deposits
  • 44.92%Equity capital to assets
  • 12.43%Core capital (leverage) ratio
  • 10.03%Tier 1 risk-based capital ratio
  • 18.64%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $96,122Average earning assets
  • $11,371Average equity
  • $86,173Average loans

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