Forreston State Bank in Forreston, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Forreston State Bank in Forreston, Illinois (IL)
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Forreston State Bank - Overview

  • General
  • FDIC Certificate #: 11741
    Status: Active
    Federal Reserve ID: 927134
    Bank Holding Company (Regulatory Top Holder): High Point Financial Services, Inc. (RSSDID: 1916948, Location: Forreston, IL)
    Date Established: January 01, 1887
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 14503
    FDIC's unique #: 7509
    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: 200 Main Street, Forreston, IL 61030
    County: Ogle
    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): Rockford, IL (#6880)
    Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
    Core Based Statistical Area (CBSA): Rochelle, IL (#40300)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $94.8 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $82.7 mil
    Return on assets (ROA): 1.06% ($1.0 mil)
    Quarterly return on assets: 1.22% ($1.2 mil)
    Return on Equity (ROE): 9.12% ($1.1 mil)
    Quarterly return on equity: 9.80% ($1.2 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.07% ($1,014.7 mil)
    Quarterly Pretax return on assets: 1.19% ($1,128.5 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
  • 15Total employees (full-time equivalent)
  • $94,834Total assets
  • $4,157Cash and due from depository institutions
  • $2,500Interest-bearing balances
  • $15,717Securities
  • $1,564Federal funds sold & reverse repurchase agreements
  • $67,291Net loans & leases
  • $653Loan loss allowance
  • $0Trading account assets
  • $266Bank premises and fixed assets
  • $2,656Other real estate owned
  • $0Goodwill and other intangibles
  • $94,833Life insurance assets
  • $3,183All other assets
  • $82,807Total liabilities and capital
  • $82,658Total liabilities
  • $72,751Total deposits
  • $82,658Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $149Subordinated debt
  • $12,026All other liabilities
  • $12,026Total equity capital
  • $12,026Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $6,490Surplus
  • $5,336Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,439Income earned, not collected on loans
  • $0Earning assets
  • $1,425Long-term assets (5+ years)
  • $87,072Average Assets, year-to-date
  • $19,876Average Assets, quarterly
  • $99,027Volatile liabilities
  • $95,379Insider loans
  • $81,387FHLB advances
  • $96,055Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,327Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,262Restructured Loans and leases
  • $356Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,638Total interest income
  • $871Total interest expense
  • $3,767Net interest income
  • $275Provision for loan and lease losses
  • $242Total noninterest income
  • $0Fiduciary activities
  • $61Service charges on deposit accounts
  • $0Trading account gains & fees
  • $181Additional noninterest income
  • $2,638Total noninterest expense
  • $947Salaries and employee benefits
  • $200Premises and equipment expense
  • $1,491Additional noninterest expense
  • $1,096Pre-tax net operating income
  • -$38Securities gains (losses)
  • $4Applicable income taxes
  • $1,054Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,054Net income attributable to bank
  • $0Net charge-offs
  • $1,054Cash dividends
  • $359Sale, conversion, retirement of capital stock, net
  • $80Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 2.91%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 9.12%Return on equity (ROE)
  • 8.43%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 76.60%Credit loss provision to net charge-offs
  • 3.82%Efficiency ratio
  • 65,802Assets per employee
  • 6.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.59%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 45.38%Noncurrent assets plus other real estate owned to assets
  • 4.32%Noncurrent loans to loans
  • 2.12%Net loans and leases to deposits
  • 81.41%Net loans and leases to core deposits
  • 86.38%Equity capital to assets
  • 12.68%Core capital (leverage) ratio
  • 12.83%Tier 1 risk-based capital ratio
  • 15.15%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $99,027Average earning assets
  • $11,553Average equity
  • $90,712Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07509Forreston State Bank200 Main Street, Forreston, IL 61030January 01, 1887Full Service Brick and Mortar

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