Galena State Bank & Trust Co. in Galena, Illinois (IL)



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Galena State Bank & Trust Co. routing number info

Table of contents:
Galena State Bank & Trust Co.
GeneralFDIC Certificate #: 19660
Status: Active
Federal Reserve ID: 552732
Bank Holding Company (Regulatory Top Holder): Heartland Financial Usa, Inc. (RSSDID: 1206546, Location: Dubuque, IA)
Date Established: January 03, 1967
WWW: http://www.galenastate.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 9891
FDIC's unique #: 13459
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: January 03, 1967
Last Structure Change Effective Date: July 02, 2009
Last Structure Change Process Date: July 07, 2009
Last Data Update: July 07, 2009
Data Source Date: April 05, 2012
LocationAddress: 971 Gear Street, Galena, IL 61036
County: Jo Daviess
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Kansas City
FDIC Field Office: Princeton
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
History of ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Corrections
Financial SummaryTotal assets: $283.8 mil
Equity capital: $25.7 mil
Deposits held in domestic offices: $243.6 mil
Return on assets (ROA): 1.32% ($3.7 mil)
Quarterly return on assets: 1.57% ($4.5 mil)
Return on Equity (ROE): 15.05% ($3.9 mil)
Quarterly return on equity: 17.60% ($4.6 mil)
Net income: $3.8 mil
Quarterly Net income: $1.1 mil
Pretax return on assets: 1.91% ($5,421.0 mil)
Quarterly Pretax return on assets: 2.29% ($6,499.5 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)
Total employees (full-time equivalent)47
Total assets$283,820
Cash and due from depository institutions$3,246
Interest-bearing balances$303
Securities$93,514
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$169,053
Loan loss allowance $1,835
Trading account assets$0
Bank premises and fixed assets$4,920
Other real estate owned$2,061
Goodwill and other intangibles$184
All other assets$10,842
Life insurance assets$283,820
Total liabilities and capital$258,084
Total liabilities$243,637
Total deposits$201,300
Interest-bearing deposits$243,637
Deposits held in domestic offices$91
% insured (estimated)4131.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$8,000
Other borrowed funds $0
Subordinated debt $2,316
All other liabilities $25,736
Total equity capital$25,736
Total bank equity capital$25,736
Perpetual preferred stock$0
Common stock$215
Surplus$9,465
Undivided profits $16,056
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $98
Income earned, not collected on loans $7,367
Earning assets $0
Long-term assets (5+ years) $1,043
Average Assets, year-to-date $262,870
Average Assets, quarterly $65,198
Volatile liabilities $285,719
Insider loans $289,060
FHLB advances $197,553
Loans and leases held for sale $291,362
Unused loan commitments $4,010
Tier 1 (core) risk-based capital $649
Tier 2 risk-based capital $24,511
Total risk weighted assets $3,361
Total unused commitments $0
Restructured Loans and leases $51,165
Derivatives$6,896
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,567
Total interest expense $3,240
Net interest income $9,327
Provision for loan and lease losses -$132
Total noninterest income $2,164
Fiduciary activities $554
Service charges on deposit accounts $544
Trading account gains & fees $0
Additional noninterest income $1,066
Total noninterest expense $7,707
Salaries and employee benefits $2,736
Premises and equipment expense $654
Additional noninterest expense $4,317
Pre-tax net operating income $3,916
Securities gains (losses) $1,552
Applicable income taxes $1,696
Income before extraordinary items $3,772
Extraordinary gains - net $0
Net income attributable to bank $3,772
Net charge-offs $0
Cash dividends $3,772
Sale, conversion, retirement of capital stock, net -$155
Net operating income $2,650
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.72%
Cost of funding earning assets 1.22%
Net interest margin 3.51%
Noninterest income to earning assets 0.81%
Noninterest expense to earning assets 2.90%
Net operating income to assets 0.95%
Return on assets (ROA) 1.32%
Pretax return on assets 1.91%
Return on equity (ROE) 15.05%
Retained earnings to average equity (YTD only) 4.48%
Net charge-offs to loans -0.10%
Credit loss provision to net charge-offs 85.16%
Efficiency ratio0.00%
Assets per employee$66,887
Cash dividends to net income (YTD only)6.04%
Condition Ratios (%)
Loss allowance to loans 70.25%
Loss allowance to noncurrent loans 1.07%
Noncurrent assets plus other real estate owned to assets 24.91%
Noncurrent loans to loans 3.32%
Net loans and leases to deposits4.31%
Net loans and leases to core deposits 69.39%
Equity capital to assets 70.59%
Core capital (leverage) ratio 9.07%
Tier 1 risk-based capital ratio 8.41%
Total risk-based capital ratio 12.41%
Memoranda
Average assets$13
Average earning assets$285,719
Average equity $25,071
Average loans $265,980
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$48,030
Number of Accounts1
Personal trust and agency accounts$47,627
Employee benefit-defined contribution accounts$6,014
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,486
Corporate trust and agency accounts$7,025
Investment management agency accounts$0
Other fiduciary accounts$31,694
Fiduciary accounts held in foreign offices$1,408
Non-managed Assets$0
Number of Accounts98
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$7,025
Employee benefit-defined benefit accounts$0
Other retirement accounts$403
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$403
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6 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
013459Galena State Bank & Trust Co.971 Gear Street, Galena, IL 61036January 03, 1967Full Service Brick and Mortar
1249172South Main Facility403 South Main Street, Galena, IL 61036December 05, 1979Limited Service Facility
3249174Stockton Branch11655 U.S. 20 E., Stockton, IL 61085October 03, 1988Full Service Brick and Mortar
4360728Galena Mobile Branch971 Gear Street, Galena, IL 61036June 11, 2001Limited Service Mobile
55922The Elizabeth State Bank Branch151 Main Street, Elizabeth, IL 61028December 01, 1909Full Service Brick and Mortar
6360818Galena Branch319 Main Street, Galena, IL 61036Febuary 01, 2001Full Service Brick and Mortar
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