First Trust Bank of Illinois in Kankakee, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Trust Bank of Illinois - Overview

  • General
  • FDIC Certificate #: 34778
    Status: Active
    Federal Reserve ID: 2718596
    Bank Holding Company (Regulatory Top Holder): First Trust Financial Corp. (RSSDID: 3249109, Location: Kankakee, IL)
    Date Established: July 30, 1998
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 61551
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 30, 1998
    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: 275 East Court Street, Kankakee, IL 60901
    County: Kankakee
    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): Kankakee, IL (#3740)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Kankakee-Bradley, IL (#28100)
    CBSA Metro Statistical Area: Kankakee-Bradley, IL (#28100)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $223.1 mil
    Equity capital: $21.6 mil
    Deposits held in domestic offices: $175.2 mil
    Return on assets (ROA): 1.08% ($2.4 mil)
    Quarterly return on assets: 1.03% ($2.3 mil)
    Return on Equity (ROE): 11.73% ($2.6 mil)
    Quarterly return on equity: 10.63% ($2.3 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.46% ($3,257.5 mil)
    Quarterly Pretax return on assets: 1.34% ($2,989.7 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
  • 40Total employees (full-time equivalent)
  • $223,115Total assets
  • $12,821Cash and due from depository institutions
  • $5,549Interest-bearing balances
  • $104,146Securities
  • $1,099Federal funds sold & reverse repurchase agreements
  • $94,442Net loans & leases
  • $1,059Loan loss allowance
  • $0Trading account assets
  • $4,711Bank premises and fixed assets
  • $424Other real estate owned
  • $299Goodwill and other intangibles
  • $223,115Life insurance assets
  • $5,173All other assets
  • $201,478Total liabilities and capital
  • $175,215Total liabilities
  • $155,027Total deposits
  • $175,215Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 21398.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $1,865Subordinated debt
  • $21,637All other liabilities
  • $21,637Total equity capital
  • $21,637Total bank equity capital
  • $0Perpetual preferred stock
  • $3,750Common stock
  • $4,100Surplus
  • $13,787Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $368Income earned, not collected on loans
  • $0Earning assets
  • $940Long-term assets (5+ years)
  • $205,236Average Assets, year-to-date
  • $96,562Average Assets, quarterly
  • $218,595Volatile liabilities
  • $220,965Insider loans
  • $124,040FHLB advances
  • $222,364Loans and leases held for sale
  • $2,370Unused loan commitments
  • $2,370Tier 1 (core) risk-based capital
  • $19,910Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,938Restructured Loans and leases
  • $5,401Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,688Total interest income
  • $2,146Total interest expense
  • $6,542Net interest income
  • $0Provision for loan and lease losses
  • $583Total noninterest income
  • $0Fiduciary activities
  • $190Service charges on deposit accounts
  • $0Trading account gains & fees
  • $393Additional noninterest income
  • $4,066Total noninterest expense
  • $2,622Salaries and employee benefits
  • $400Premises and equipment expense
  • $1,044Additional noninterest expense
  • $3,059Pre-tax net operating income
  • $143Securities gains (losses)
  • $838Applicable income taxes
  • $2,364Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,364Net income attributable to bank
  • $0Net charge-offs
  • $2,364Cash dividends
  • $44Sale, conversion, retirement of capital stock, net
  • $617Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.25%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.20%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 1.99%Noninterest expense to earning assets
  • 1.03%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 11.73%Return on equity (ROE)
  • 8.67%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 69.52%Efficiency ratio
  • 57,067Assets per employee
  • 5.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.10%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 287.77%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 53.90%Net loans and leases to core deposits
  • 56.80%Equity capital to assets
  • 9.70%Core capital (leverage) ratio
  • 8.95%Tier 1 risk-based capital ratio
  • 16.05%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $218,595Average earning assets
  • $20,159Average equity
  • $204,578Average loans

List of branches

  • 4 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061551First Trust Bank Of Illinois275 East Court Street, Kankakee, IL 60901July 30, 1998Full Service Brick and Mortar
    1290803Bourbonnais Branch1090 Main Street, N.W., Bourbonnais, IL 60914March 01, 1999Limited Service Facility
    2357971West Court Street Branch1500 West Court Street, Kankakee, IL 60901September 01, 2000Full Service Brick and Mortar
    3433487Convent Road Bourbonnais Branch720 North Convent Road, Bourbonnais, IL 60914December 13, 2004Full Service Brick and Mortar

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