Grundy Bank in Morris, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Grundy Bank in Morris, Illinois (IL)
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Grundy Bank - Overview

  • General
  • FDIC Certificate #: 3713
    Status: Active
    Federal Reserve ID: 715144
    Bank Holding Company (Regulatory Top Holder): Illinois Valley Bancorp, Inc. (RSSDID: 1208504, Location: Morris, IL)
    Date Established: September 16, 1864
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 2379
    Numeric code: 13
    Regulator: FED
    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: Commercial Lending Specialization
    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: 201 Liberty Street, Morris, IL 60450
    County: Grundy
    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): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $253.1 mil
    Equity capital: $23.9 mil
    Deposits held in domestic offices: $223.9 mil
    Return on assets (ROA): 0.73% ($1.8 mil)
    Quarterly return on assets: 0.89% ($2.3 mil)
    Return on Equity (ROE): 7.93% ($1.9 mil)
    Quarterly return on equity: 9.60% ($2.3 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.72% ($1,822.3 mil)
    Quarterly Pretax return on assets: 0.90% ($2,277.9 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
  • 61Total employees (full-time equivalent)
  • $253,104Total assets
  • $48,795Cash and due from depository institutions
  • $42,101Interest-bearing balances
  • $44,487Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $146,817Net loans & leases
  • $3,358Loan loss allowance
  • $0Trading account assets
  • $2,558Bank premises and fixed assets
  • $115Other real estate owned
  • $4,994Goodwill and other intangibles
  • $253,104Life insurance assets
  • $5,338All other assets
  • $229,192Total liabilities and capital
  • $223,903Total liabilities
  • $159,141Total deposits
  • $223,903Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 4270.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,019Subordinated debt
  • $23,912All other liabilities
  • $23,912Total equity capital
  • $23,912Total bank equity capital
  • $0Perpetual preferred stock
  • $835Common stock
  • $6,350Surplus
  • $16,727Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $534Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,118Income earned, not collected on loans
  • $0Earning assets
  • $2,139Long-term assets (5+ years)
  • $233,405Average Assets, year-to-date
  • $2,312Average Assets, quarterly
  • $252,932Volatile liabilities
  • $253,616Insider loans
  • $154,341FHLB advances
  • $254,030Loans and leases held for sale
  • $1,379Unused loan commitments
  • $1,379Tier 1 (core) risk-based capital
  • $19,855Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,953Restructured Loans and leases
  • $132Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,175Total interest income
  • $1,146Total interest expense
  • $8,029Net interest income
  • $2,635Provision for loan and lease losses
  • $2,939Total noninterest income
  • $34Fiduciary activities
  • $742Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,163Additional noninterest income
  • $6,511Total noninterest expense
  • $2,961Salaries and employee benefits
  • $1,747Premises and equipment expense
  • $1,803Additional noninterest expense
  • $1,822Pre-tax net operating income
  • $0Securities gains (losses)
  • -$12Applicable income taxes
  • $1,834Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,834Net income attributable to bank
  • $0Net charge-offs
  • $1,834Cash dividends
  • $2,168Sale, conversion, retirement of capital stock, net
  • $801Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.97%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 3.48%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 7.93%Return on equity (ROE)
  • 4.47%Retained earnings to average equity (YTD only)
  • 1.43%Net charge-offs to loans
  • 121.54%Credit loss provision to net charge-offs
  • 2.06%Efficiency ratio
  • 59,364Assets per employee
  • 4.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.68%Loss allowance to loans
  • 2.24%Loss allowance to noncurrent loans
  • 47.18%Noncurrent assets plus other real estate owned to assets
  • 2.86%Noncurrent loans to loans
  • 4.74%Net loans and leases to deposits
  • 65.57%Net loans and leases to core deposits
  • 78.16%Equity capital to assets
  • 9.45%Core capital (leverage) ratio
  • 7.82%Tier 1 risk-based capital ratio
  • 12.86%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $252,932Average earning assets
  • $23,135Average equity
  • $231,025Average 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
  • $7,237Managed Assets
  • 1Number of Accounts
  • $75Personal trust and agency accounts
  • $75Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 19Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $7,162Other retirement accounts
  • $3,955Corporate trust and agency accounts
  • $3,207Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02379Grundy Bank201 Liberty Street, Morris, IL 60450September 16, 1864Full Service Brick and Mortar
    2201790Plaza I FacilityMain And Franklin Streets, Morris, IL 60450October 01, 1975Limited Service Facility
    3201791Plaza Vi Branch1414 North Division Street, Morris, IL 60450May 23, 1997Full Service Brick and Mortar
    4201792Plaza Vii Branch333 East Route 6, Morris, IL 60450July 15, 1998Full Service Brick and Mortar
    6266775120 Main St Branch120 South Main Street, Wilmington, IL 60481June 30, 1987Full Service Brick and Mortar

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