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


Glasford State Bank - Overview

  • General
  • FDIC Certificate #: 8492
    Status: Active
    Federal Reserve ID: 617538
    Bank Holding Company (Regulatory Top Holder): Backlund Investment Co. (RSSDID: 1095058, Location: Peoria, IL)
    Date Established: September 01, 1932
    WWW: http://www.glasfordbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 16050
    FDIC's unique #: 5405
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    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: 305 East Main Street, Glasford, IL 61533
    County: Peoria
    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): Peoria-Pekin, IL (#6120)
    Combined Statistical Area (CSA): Peoria-Canton, IL (#426)
    Core Based Statistical Area (CBSA): Peoria, IL (#37900)
    CBSA Metro Statistical Area: Peoria, IL (#37900)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $34.1 mil
    Equity capital: $2.8 mil
    Deposits held in domestic offices: $31.2 mil
    Return on assets (ROA): 0.60% ($0.2 mil)
    Quarterly return on assets: 0.61% ($0.2 mil)
    Return on Equity (ROE): 6.82% ($0.2 mil)
    Quarterly return on equity: 7.32% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.60% ($204.5 mil)
    Quarterly Pretax return on assets: 0.61% ($207.9 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
  • 10Total employees (full-time equivalent)
  • $34,081Total assets
  • $7,975Cash and due from depository institutions
  • $7,667Interest-bearing balances
  • $9,773Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $15,898Net loans & leases
  • $194Loan loss allowance
  • $0Trading account assets
  • $55Bank premises and fixed assets
  • $86Other real estate owned
  • $0Goodwill and other intangibles
  • $34,081Life insurance assets
  • $294All other assets
  • $31,301Total liabilities and capital
  • $31,209Total liabilities
  • $27,538Total deposits
  • $31,209Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $92Subordinated debt
  • $2,780All other liabilities
  • $2,780Total equity capital
  • $2,780Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $400Surplus
  • $2,280Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $95Income earned, not collected on loans
  • $0Earning assets
  • $114Long-term assets (5+ years)
  • $33,338Average Assets, year-to-date
  • $815Average Assets, quarterly
  • $32,581Volatile liabilities
  • $34,321Insider loans
  • $12,373FHLB advances
  • $34,871Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,698Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,202Restructured Loans and leases
  • $405Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,083Total interest income
  • $171Total interest expense
  • $912Net interest income
  • $33Provision for loan and lease losses
  • $222Total noninterest income
  • $0Fiduciary activities
  • $103Service charges on deposit accounts
  • $0Trading account gains & fees
  • $119Additional noninterest income
  • $907Total noninterest expense
  • $475Salaries and employee benefits
  • $71Premises and equipment expense
  • $361Additional noninterest expense
  • $194Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $194Income before extraordinary items
  • $0Extraordinary gains - net
  • $194Net income attributable to bank
  • $0Net charge-offs
  • $194Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.40%Yield on earning assets
  • 0.54%Cost of funding earning assets
  • 2.86%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 6.82%Return on equity (ROE)
  • 1.55%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 471.43%Credit loss provision to net charge-offs
  • 32.43%Efficiency ratio
  • 79,982Assets per employee
  • 3.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.32%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 204.21%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 50.94%Net loans and leases to core deposits
  • 51.35%Equity capital to assets
  • 8.16%Core capital (leverage) ratio
  • 7.74%Tier 1 risk-based capital ratio
  • 21.81%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $32,581Average earning assets
  • $2,845Average equity
  • $31,871Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05405Glasford State Bank305 East Main Street, Glasford, IL 61533September 01, 1932Full Service Brick and Mortar
    1451124Mapleton Branch10045 West Lancelot Drive, Mapleton, IL 61547December 20, 1999Full Service Brick and Mortar

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