Freestar Bank, National Association in Pontiac, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2011

  • Freestar Bank, National Association in Pontiac, Illinois (IL)
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Freestar Bank, National Association - Overview

  • General
  • FDIC Certificate #: 14736
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Financial Bank, National Association (#4382)
    Federal Reserve ID: 36344
    Date Established: September 04, 1934
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 13 (Interstate: No)
    OTS Docket #: 13918
    FDIC's unique #: 9217
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: September 04, 1934
    Last Structure Change Effective Date: December 31, 2011
    Last Structure Change Process Date: January 04, 2012
    Last Data Update: January 04, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 223 North Mill Street, Pontiac, IL 61764
    County: Livingston
    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
    Core Based Statistical Area (CBSA): Pontiac, IL (#38700)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $406.3 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, 2010)

  • Dollar figures in thousands
  • 138Total employees (full-time equivalent)
  • $402,793Total assets
  • $9,392Cash and due from depository institutions
  • $1,357Interest-bearing balances
  • $89,943Securities
  • $30Federal funds sold & reverse repurchase agreements
  • $271,243Net loans & leases
  • $3,214Loan loss allowance
  • $0Trading account assets
  • $9,940Bank premises and fixed assets
  • $290Other real estate owned
  • $6,689Goodwill and other intangibles
  • $8,789Life insurance assets
  • $15,266All other assets
  • $402,793Total liabilities and capital
  • $361,109Total liabilities
  • $315,773Total deposits
  • $258,331Interest-bearing deposits
  • $315,773Deposits held in domestic offices
  • 91.04%% insured (estimated)
  • $28,424Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,000Other borrowed funds
  • $0Subordinated debt
  • $1,912All other liabilities
  • $41,684Total equity capital
  • $41,684Total bank equity capital
  • $41,684Perpetual preferred stock
  • $0Common stock
  • $1,260Surplus
  • $11,479Undivided profits
  • Memoranda
  • $28,945Noncurrent loans and leases
  • $49,507Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,805Earning assets
  • $0Long-term assets (5+ years)
  • $2,526Average Assets, year-to-date
  • $362,573Average Assets, quarterly
  • $81,626Volatile liabilities
  • $412,937Insider loans
  • $410,560FHLB advances
  • $78,946Loans and leases held for sale
  • $2,476Unused loan commitments
  • $15,000Tier 1 (core) risk-based capital
  • $11,674Tier 2 risk-based capital
  • $6,037Total risk weighted assets
  • $49,507Total unused commitments
  • $877Restructured Loans and leases
  • $3,214Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $21,073Total interest income
  • $4,417Total interest expense
  • $16,656Net interest income
  • $1,295Provision for loan and lease losses
  • $4,777Total noninterest income
  • $656Fiduciary activities
  • $1,167Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,954Additional noninterest income
  • $14,461Total noninterest expense
  • $7,741Salaries and employee benefits
  • $1,584Premises and equipment expense
  • $5,136Additional noninterest expense
  • $5,677Pre-tax net operating income
  • -$744Securities gains (losses)
  • $69Applicable income taxes
  • $4,864Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,864Net income attributable to bank
  • $0Net charge-offs
  • $4,864Cash dividends
  • $345Sale, conversion, retirement of capital stock, net
  • $2,338Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.69%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 4.50%Net interest margin
  • 1.29%Noninterest income to earning assets
  • 3.90%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 12.12%Return on equity (ROE)
  • 6.29%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 375.36%Credit loss provision to net charge-offs
  • 20.21%Efficiency ratio
  • 65,147Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.07%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 178.06%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.66%Net loans and leases to deposits
  • 85.90%Net loans and leases to core deposits
  • 102.26%Equity capital to assets
  • 10.35%Core capital (leverage) ratio
  • 7.86%Tier 1 risk-based capital ratio
  • 11.11%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $412,937Average earning assets
  • $40,142Average equity
  • $370,420Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $92,667Managed Assets
  • 1Number of Accounts
  • $73,570Personal trust and agency accounts
  • $46,977Employee benefit-defined contribution accounts
  • $2,552Employee benefit-defined benefit accounts
  • $568Other retirement accounts
  • $6,781Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $16,692Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 376Number of Accounts
  • $0Personal trust and agency accounts
  • $6,781Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $19,097Other retirement accounts
  • $152Corporate trust and agency accounts
  • $443Other fiduciary accounts
  • $3,856Fiduciary accounts held in foreign offices

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