Grand Ridge National Bank in Grand Ridge, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Grand Ridge National Bank in Grand Ridge, Illinois (IL)
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Grand Ridge National Bank - Overview

  • General
  • FDIC Certificate #: 3674
    Status: Active
    Federal Reserve ID: 875132
    Bank Holding Company (Regulatory Top Holder): Premier Commerce Bancorp, Inc. (RSSDID: 4087830, Location: Wheaton, IL)
    Date Established: April 06, 1903
    WWW: http://www.grnbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 14498
    FDIC's unique #: 2349
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 28, 2011
    Last Structure Change Process Date: July 29, 2011
    Last Data Update: July 29, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 West Main Street, Grand Ridge, IL 61325
    County: La Salle
    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
    Core Based Statistical Area (CBSA): Ottawa-Streator, IL (#36860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $53.6 mil
    Equity capital: $9.8 mil
    Deposits held in domestic offices: $43.7 mil
    Return on assets (ROA): 0.30% ($0.2 mil)
    Quarterly return on assets: 1.05% ($0.6 mil)
    Return on Equity (ROE): 1.63% ($0.2 mil)
    Quarterly return on equity: 5.91% ($0.6 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.20% ($107.2 mil)
    Quarterly Pretax return on assets: 0.69% ($369.8 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
  • 12Total employees (full-time equivalent)
  • $53,594Total assets
  • $935Cash and due from depository institutions
  • $319Interest-bearing balances
  • $12,716Securities
  • $4,555Federal funds sold & reverse repurchase agreements
  • $32,853Net loans & leases
  • $312Loan loss allowance
  • $0Trading account assets
  • $537Bank premises and fixed assets
  • $0Other real estate owned
  • $509Goodwill and other intangibles
  • $53,594Life insurance assets
  • $1,489All other assets
  • $43,826Total liabilities and capital
  • $43,668Total liabilities
  • $36,112Total deposits
  • $43,668Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $158Subordinated debt
  • $9,768All other liabilities
  • $9,768Total equity capital
  • $9,768Total bank equity capital
  • $0Perpetual preferred stock
  • $937Common stock
  • $8,640Surplus
  • $191Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $316Long-term assets (5+ years)
  • $50,443Average Assets, year-to-date
  • $13,848Average Assets, quarterly
  • $50,936Volatile liabilities
  • $54,249Insider loans
  • $34,613FHLB advances
  • $54,830Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,035Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,060Restructured Loans and leases
  • $746Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,321Total interest income
  • $293Total interest expense
  • $2,028Net interest income
  • $233Provision for loan and lease losses
  • $55Total noninterest income
  • $0Fiduciary activities
  • $42Service charges on deposit accounts
  • $0Trading account gains & fees
  • $13Additional noninterest income
  • $1,808Total noninterest expense
  • $1,131Salaries and employee benefits
  • $248Premises and equipment expense
  • $429Additional noninterest expense
  • $42Pre-tax net operating income
  • $62Securities gains (losses)
  • -$50Applicable income taxes
  • $154Income before extraordinary items
  • $0Extraordinary gains - net
  • $154Net income attributable to bank
  • $0Net charge-offs
  • $154Cash dividends
  • -$1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 3.80%Noninterest expense to earning assets
  • 0.18%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 1.63%Return on equity (ROE)
  • 1.63%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -23300.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 86,798Assets per employee
  • 4.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 75.23%Net loans and leases to core deposits
  • 76.59%Equity capital to assets
  • 18.23%Core capital (leverage) ratio
  • 16.48%Tier 1 risk-based capital ratio
  • 26.10%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $50,936Average earning assets
  • $9,474Average equity
  • $47,526Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02349Grand Ridge National Bank105 West Main Street, Grand Ridge, IL 61325April 06, 1903Full Service Brick and Mortar
    1488814Wheaton Branch401 South Carlton Avenue, Wheaton, IL 60187November 24, 2008Full Service Brick and Mortar

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