Hardware State Bank in Lovington, Illinois (IL)



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Hardware State Bank
GeneralFDIC Certificate #: 12408
Status: Active
Federal Reserve ID: 413730
Bank Holding Company (Regulatory Top Holder): Moultrie Bancorp, Inc. (RSSDID: 1205820, Location: Lovington, IL)
Date Established: November 01, 1885
WWW: http://www.hardwarestatebank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 7894
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 19, 2011
Last Structure Change Process Date: December 22, 2011
Last Data Update: December 22, 2011
Data Source Date: April 05, 2012
LocationAddress: 102 West State Street, Lovington, IL 61937
County: Moultrie
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Champaign
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
History of ChangesChange in Trust Powers
Financial SummaryTotal assets: $23.7 mil
Equity capital: $2.0 mil
Deposits held in domestic offices: $21.7 mil
Return on assets (ROA): 0.19% ($0.0 mil)
Quarterly return on assets: 0.13% ($0.0 mil)
Return on Equity (ROE): 2.33% ($0.0 mil)
Quarterly return on equity: 1.77% ($0.0 mil)
Net income: $0.0 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.19% ($45.1 mil)
Quarterly Pretax return on assets: 0.13% ($30.9 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)
Total employees (full-time equivalent)5
Total assets$23,737
Cash and due from depository institutions$9,949
Interest-bearing balances$9,512
Securities$1,402
Federal funds sold & reverse repurchase agreements$1,151
Net loans & leases$10,049
Loan loss allowance $165
Trading account assets$0
Bank premises and fixed assets$245
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$941
Life insurance assets$23,737
Total liabilities and capital$21,706
Total liabilities$21,662
Total deposits$19,319
Interest-bearing deposits$21,662
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $44
All other liabilities $2,031
Total equity capital$2,031
Total bank equity capital$2,031
Perpetual preferred stock$0
Common stock$150
Surplus$850
Undivided profits $1,031
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $165
Average Assets, year-to-date $22,114
Average Assets, quarterly $2,716
Volatile liabilities $25,098
Insider loans $26,717
FHLB advances $11,673
Loans and leases held for sale $28,923
Unused loan commitments $619
Tier 1 (core) risk-based capital $619
Tier 2 risk-based capital $2,025
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,388
Derivatives$492
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $667
Total interest expense $109
Net interest income $558
Provision for loan and lease losses $25
Total noninterest income $72
Fiduciary activities $0
Service charges on deposit accounts $32
Trading account gains & fees $0
Additional noninterest income $40
Total noninterest expense $568
Salaries and employee benefits $271
Premises and equipment expense $94
Additional noninterest expense $203
Pre-tax net operating income $37
Securities gains (losses) $10
Applicable income taxes $0
Income before extraordinary items $47
Extraordinary gains - net $0
Net income attributable to bank $47
Net charge-offs $0
Cash dividends $47
Sale, conversion, retirement of capital stock, net $0
Net operating income $24
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets2.92%
Cost of funding earning assets 0.48%
Net interest margin 2.44%
Noninterest income to earning assets 0.31%
Noninterest expense to earning assets 2.48%
Net operating income to assets 0.15%
Return on assets (ROA) 0.19%
Pretax return on assets 0.19%
Return on equity (ROE) 2.33%
Retained earnings to average equity (YTD only) 1.14%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$90,159
Cash dividends to net income (YTD only)4.75%
Condition Ratios (%)
Loss allowance to loans 51.06%
Loss allowance to noncurrent loans 1.62%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 46.39%
Equity capital to assets 48.41%
Core capital (leverage) ratio 8.56%
Tier 1 risk-based capital ratio 7.00%
Total risk-based capital ratio 17.35%
Memoranda
Average assets$19
Average earning assets$25,098
Average equity $2,014
Average loans $22,863
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Total Fiduciary and Related Assets (December 31, 2009)
(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$1,131
Number of Accounts1
Personal trust and agency accounts$1,131
Employee benefit-defined contribution accounts$1,131
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts3
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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1 Illinois Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07894Hardware State Bank102 West State Street, Lovington, IL 61937November 01, 1885Full Service Brick and Mortar
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