Herget Bank, National Association in Pekin, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Herget Bank, National Association - Overview

  • General
  • FDIC Certificate #: 3725
    Status: Active
    Federal Reserve ID: 656649
    Bank Holding Company (Regulatory Top Holder): Herget Financial Corp. (RSSDID: 1427079, Location: Pekin, IL)
    Date Established: January 01, 1905
    WWW: http://www.herget.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 13396
    FDIC's unique #: 2391
    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: Yes
    Asset Concentration Hierarchy: Mortgage 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: 33 South 4th Street, Pekin, IL 61554
    County: Tazewell
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Springfield Il
    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: $267.3 mil
    Equity capital: $27.6 mil
    Deposits held in domestic offices: $238.4 mil
    Return on assets (ROA): 0.83% ($2.2 mil)
    Quarterly return on assets: 0.83% ($2.2 mil)
    Return on Equity (ROE): 8.28% ($2.3 mil)
    Quarterly return on equity: 7.96% ($2.2 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.84% ($2,245.6 mil)
    Quarterly Pretax return on assets: 0.84% ($2,245.6 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
  • 74Total employees (full-time equivalent)
  • $267,337Total assets
  • $32,485Cash and due from depository institutions
  • $26,652Interest-bearing balances
  • $110,494Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $118,705Net loans & leases
  • $1,692Loan loss allowance
  • $0Trading account assets
  • $1,197Bank premises and fixed assets
  • $126Other real estate owned
  • $434Goodwill and other intangibles
  • $267,337Life insurance assets
  • $3,896All other assets
  • $239,721Total liabilities and capital
  • $238,382Total liabilities
  • $219,704Total deposits
  • $238,382Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,339Subordinated debt
  • $27,616All other liabilities
  • $27,616Total equity capital
  • $27,616Total bank equity capital
  • $0Perpetual preferred stock
  • $900Common stock
  • $1,340Surplus
  • $25,376Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,161Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,665Income earned, not collected on loans
  • $0Earning assets
  • $1,134Long-term assets (5+ years)
  • $255,851Average Assets, year-to-date
  • $52,193Average Assets, quarterly
  • $264,287Volatile liabilities
  • $266,150Insider loans
  • $138,264FHLB advances
  • $269,417Loans and leases held for sale
  • $154Unused loan commitments
  • $154Tier 1 (core) risk-based capital
  • $25,556Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,624Restructured Loans and leases
  • $5,533Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,836Total interest income
  • $2,008Total interest expense
  • $7,828Net interest income
  • $1,170Provision for loan and lease losses
  • $3,227Total noninterest income
  • $734Fiduciary activities
  • $815Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,678Additional noninterest income
  • $7,637Total noninterest expense
  • $4,195Salaries and employee benefits
  • $655Premises and equipment expense
  • $2,787Additional noninterest expense
  • $2,248Pre-tax net operating income
  • -$18Securities gains (losses)
  • $30Applicable income taxes
  • $2,200Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,200Net income attributable to bank
  • $0Net charge-offs
  • $2,200Cash dividends
  • $1,317Sale, conversion, retirement of capital stock, net
  • $720Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.88%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 3.09%Net interest margin
  • 1.27%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 8.28%Return on equity (ROE)
  • 5.57%Retained earnings to average equity (YTD only)
  • 1.04%Net charge-offs to loans
  • 88.84%Credit loss provision to net charge-offs
  • 2.60%Efficiency ratio
  • 69,082Assets per employee
  • 3.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.73%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 25.39%Noncurrent assets plus other real estate owned to assets
  • 2.54%Noncurrent loans to loans
  • 5.54%Net loans and leases to deposits
  • 49.80%Net loans and leases to core deposits
  • 56.88%Equity capital to assets
  • 10.33%Core capital (leverage) ratio
  • 9.49%Tier 1 risk-based capital ratio
  • 18.48%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $264,287Average earning assets
  • $26,573Average equity
  • $253,623Average 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
  • $91,481Managed Assets
  • 1Number of Accounts
  • $81,878Personal trust and agency accounts
  • $40,745Employee benefit-defined contribution accounts
  • $1,096Employee benefit-defined benefit accounts
  • $328Other retirement accounts
  • $10,174Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $26,778Other fiduciary accounts
  • $2,757Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 258Number of Accounts
  • $0Personal trust and agency accounts
  • $9,385Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $9,603Other retirement accounts
  • $5Corporate trust and agency accounts
  • $7,745Other fiduciary accounts
  • $1,848Fiduciary accounts held in foreign offices

List of branches

  • 5 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02391Herget Bank, National Association33 South 4th Street, Pekin, IL 61554January 01, 1905Full Service Brick and Mortar
    1201810Broadway Facility2201 Broadway, Pekin, IL 61554August 08, 1977Full Service Brick and Mortar
    2201811Sunset Branch2900 Court Street, Pekin, IL 61554Febuary 19, 1987Full Service Brick and Mortar
    3201812Pekin Branch33 South Fourth Street, Pekin, IL 61554December 02, 1997Limited Service Mobile
    4441710Peoria Branch7800 North Sommer Street, Suite 203, Peoria, IL 61614Febuary 22, 2005Full Service Brick and Mortar

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