First of America Bank-Quad Cities, National Association in Rock Island, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1994

  • First of America Bank-Quad Cities, National Association in Rock Island, Illinois (IL)
  • Show street view No street view available for this location

First of America Bank-Quad Cities, National Association - Overview

  • General
  • FDIC Certificate #: 19605
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First of America Bank-Illinois, National Association (#16262)
    Federal Reserve ID: 818643
    Date Established: July 15, 1966
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    OTS Docket #: 11735
    FDIC's unique #: 13404
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: July 15, 1966
    Last Structure Change Effective Date: December 31, 1994
    Last Structure Change Process Date: Febuary 07, 1995
    Last Data Update: Febuary 07, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: Seventeenth Street And Second Avenue, Rock Island, IL 61201
    County: Rock Island
    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
    Metropolitan Statistical Area (MSA): Davenport-Moline-Rock Island, IA-IL (#1960)
    Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340)
    CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
  • Financial Summary
  • Total assets: $340.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $149Total assets
  • $347,938Cash and due from depository institutions
  • $15,553Interest-bearing balances
  • $0Securities
  • $82,749Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $238,311Loan loss allowance
  • $2,952Trading account assets
  • $0Bank premises and fixed assets
  • $5,796Other real estate owned
  • $403Goodwill and other intangibles
  • $4,599Life insurance assets
  • $527All other assets
  • $0Total liabilities and capital
  • $347,938Total liabilities
  • $323,999Total deposits
  • $309,710Interest-bearing deposits
  • $273,493Deposits held in domestic offices
  • 309710.00%% insured (estimated)
  • $80Federal funds purchased & repurchase agreements
  • $11,592Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $2,697Total equity capital
  • $2,697Total bank equity capital
  • $23,939Perpetual preferred stock
  • $0Common stock
  • $7,484Surplus
  • $8,219Undivided profits
  • Memoranda
  • $8,236Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $996Income earned, not collected on loans
  • $1,577Earning assets
  • $321,060Long-term assets (5+ years)
  • $86,589Average Assets, year-to-date
  • $332,443Average Assets, quarterly
  • $349,911Volatile liabilities
  • $41,364Insider loans
  • $14,632FHLB advances
  • $0Loans and leases held for sale
  • $8,843Unused loan commitments
  • $51,667Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $23,281Total risk weighted assets
  • $226,112Total unused commitments
  • $0Restructured Loans and leases
  • $201Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $23,758Total interest expense
  • $9,881Net interest income
  • $13,877Provision for loan and lease losses
  • -$604Total noninterest income
  • $2,897Fiduciary activities
  • $0Service charges on deposit accounts
  • $789Trading account gains & fees
  • $0Additional noninterest income
  • $2,108Total noninterest expense
  • $10,489Salaries and employee benefits
  • $4,049Premises and equipment expense
  • $865Additional noninterest expense
  • $5,575Pre-tax net operating income
  • $6,889Securities gains (losses)
  • $6Applicable income taxes
  • $2,204Income before extraordinary items
  • $4,691Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,691Net charge-offs
  • -$848Cash dividends
  • $5,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.76%Cost of funding earning assets
  • 3.23%Net interest margin
  • 4.53%Noninterest income to earning assets
  • 0.95%Noninterest expense to earning assets
  • 3.43%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 2.07%Return on equity (ROE)
  • 19.26%Retained earnings to average equity (YTD only)
  • -1.27%Net charge-offs to loans
  • -0.38%Credit loss provision to net charge-offs
  • 71.23%Efficiency ratio
  • 62,233Assets per employee
  • 2.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 106.59%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 296.39%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.41%Net loans and leases to deposits
  • 76.95%Net loans and leases to core deposits
  • 85.13%Equity capital to assets
  • 6.88%Core capital (leverage) ratio
  • 6.60%Tier 1 risk-based capital ratio
  • 10.30%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $332,443Average earning assets
  • $24,356Average equity
  • $306,226Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First of America Bank-Quad Cities, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents