Galena State Bank & Trust Co. in Galena, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

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

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 47Total employees (full-time equivalent)
  • $283,820Total assets
  • $3,246Cash and due from depository institutions
  • $303Interest-bearing balances
  • $93,514Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $169,053Net loans & leases
  • $1,835Loan loss allowance
  • $0Trading account assets
  • $4,920Bank premises and fixed assets
  • $2,061Other real estate owned
  • $184Goodwill and other intangibles
  • $283,820Life insurance assets
  • $10,842All other assets
  • $258,084Total liabilities and capital
  • $243,637Total liabilities
  • $201,300Total deposits
  • $243,637Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 4131.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,000Trading liabilities
  • $0Other borrowed funds
  • $2,316Subordinated debt
  • $25,736All other liabilities
  • $25,736Total equity capital
  • $25,736Total bank equity capital
  • $0Perpetual preferred stock
  • $215Common stock
  • $9,465Surplus
  • $16,056Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $98Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,367Income earned, not collected on loans
  • $0Earning assets
  • $1,043Long-term assets (5+ years)
  • $262,870Average Assets, year-to-date
  • $65,198Average Assets, quarterly
  • $285,719Volatile liabilities
  • $289,060Insider loans
  • $197,553FHLB advances
  • $291,362Loans and leases held for sale
  • $4,010Unused loan commitments
  • $649Tier 1 (core) risk-based capital
  • $24,511Tier 2 risk-based capital
  • $3,361Total risk weighted assets
  • $0Total unused commitments
  • $51,165Restructured Loans and leases
  • $6,896Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,567Total interest income
  • $3,240Total interest expense
  • $9,327Net interest income
  • -$132Provision for loan and lease losses
  • $2,164Total noninterest income
  • $554Fiduciary activities
  • $544Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,066Additional noninterest income
  • $7,707Total noninterest expense
  • $2,736Salaries and employee benefits
  • $654Premises and equipment expense
  • $4,317Additional noninterest expense
  • $3,916Pre-tax net operating income
  • $1,552Securities gains (losses)
  • $1,696Applicable income taxes
  • $3,772Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,772Net income attributable to bank
  • $0Net charge-offs
  • $3,772Cash dividends
  • -$155Sale, conversion, retirement of capital stock, net
  • $2,650Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.51%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.91%Pretax return on assets
  • 15.05%Return on equity (ROE)
  • 4.48%Retained earnings to average equity (YTD only)
  • -0.10%Net charge-offs to loans
  • 85.16%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,887Assets per employee
  • 6.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.25%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 24.91%Noncurrent assets plus other real estate owned to assets
  • 3.32%Noncurrent loans to loans
  • 4.31%Net loans and leases to deposits
  • 69.39%Net loans and leases to core deposits
  • 70.59%Equity capital to assets
  • 9.07%Core capital (leverage) ratio
  • 8.41%Tier 1 risk-based capital ratio
  • 12.41%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $285,719Average earning assets
  • $25,071Average equity
  • $265,980Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $48,030Managed Assets
  • 1Number of Accounts
  • $47,627Personal trust and agency accounts
  • $6,014Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,486Other retirement accounts
  • $7,025Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $31,694Other fiduciary accounts
  • $1,408Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 98Number of Accounts
  • $0Personal trust and agency accounts
  • $7,025Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $403Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $403Fiduciary accounts held in foreign offices

List of branches

  • 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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