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

First State Bank of Van Orin - Overview

  • General
  • FDIC Certificate #: 10809
    Status: Active
    Federal Reserve ID: 472148
    Bank Holding Company (Regulatory Top Holder): Van Orin Bancorp, Inc. (RSSDID: 2795140, Location: Van Orin, IL)
    Date Established: December 26, 1919
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 6913
    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: 27875 2600 E Street, Van Orin, IL 61374
    County: Bureau
    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
    Core Based Statistical Area (CBSA): Ottawa-Streator, IL (#36860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $37.8 mil
    Equity capital: $3.8 mil
    Deposits held in domestic offices: $33.5 mil
    Return on assets (ROA): 0.39% ($0.1 mil)
    Quarterly return on assets: 0.28% ($0.1 mil)
    Return on Equity (ROE): 3.80% ($0.2 mil)
    Quarterly return on equity: 2.69% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.39% ($147.3 mil)
    Quarterly Pretax return on assets: 0.28% ($105.7 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, 2011)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $37,760Total assets
  • $12,951Cash and due from depository institutions
  • $3,779Interest-bearing balances
  • $9,618Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $13,215Net loans & leases
  • $238Loan loss allowance
  • $0Trading account assets
  • $327Bank premises and fixed assets
  • $0Other real estate owned
  • $340Goodwill and other intangibles
  • $37,760Life insurance assets
  • $1,309All other assets
  • $33,911Total liabilities and capital
  • $33,481Total liabilities
  • $29,901Total deposits
  • $33,481Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $430Subordinated debt
  • $3,849All other liabilities
  • $3,849Total equity capital
  • $3,849Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $2,253Surplus
  • $1,296Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $161Income earned, not collected on loans
  • $0Earning assets
  • $299Long-term assets (5+ years)
  • $26,612Average Assets, year-to-date
  • $9,702Average Assets, quarterly
  • $36,582Volatile liabilities
  • $37,428Insider loans
  • $19,122FHLB advances
  • $38,167Loans and leases held for sale
  • $823Unused loan commitments
  • $823Tier 1 (core) risk-based capital
  • $3,096Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,665Restructured Loans and leases
  • $105Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,215Total interest income
  • $262Total interest expense
  • $953Net interest income
  • $14Provision for loan and lease losses
  • $72Total noninterest income
  • $0Fiduciary activities
  • $31Service charges on deposit accounts
  • $0Trading account gains & fees
  • $41Additional noninterest income
  • $868Total noninterest expense
  • $573Salaries and employee benefits
  • $81Premises and equipment expense
  • $214Additional noninterest expense
  • $143Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $143Income before extraordinary items
  • $0Extraordinary gains - net
  • $143Net income attributable to bank
  • $0Net charge-offs
  • $143Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $108Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.25%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 3.33%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 3.03%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 3.80%Return on equity (ROE)
  • 0.93%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 700.00%Credit loss provision to net charge-offs
  • 78.50%Efficiency ratio
  • 81,366Assets per employee
  • 4.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.52%Loss allowance to loans
  • 1.77%Loss allowance to noncurrent loans
  • 147.83%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 1.20%Net loans and leases to deposits
  • 39.47%Net loans and leases to core deposits
  • 39.86%Equity capital to assets
  • 10.19%Core capital (leverage) ratio
  • 8.11%Tier 1 risk-based capital ratio
  • 16.19%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $36,582Average earning assets
  • $3,764Average equity
  • $28,617Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06913First State Bank Of Van Orin27875 2600 E Street, Van Orin, IL 61374December 26, 1919Full Service Brick and Mortar
    16912Malden Banking Center Branch302 W Main Street, Malden, IL 61337June 10, 1910Full Service Brick and Mortar

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