FDIC Certificate #: 31119 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Mercantile Bank of Illinois (#10025) Federal Reserve ID: 811475 Date Established: January 01, 1889 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 6413 FDIC's unique #: 43953 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: December 28, 1959 Last Structure Change Effective Date: July 17, 1998 Last Structure Change Process Date: August 27, 1998 Last Data Update: August 27, 1998 Data Source Date: April 05, 2012
Location
Address: 1107 East State Street, Rockford, IL 61101 County: Winnebago Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Kansas City FDIC Field Office: Princeton Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Rockford, IL (#6880) Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466) Core Based Statistical Area (CBSA): Rockford, IL (#40420) CBSA Metro Statistical Area: Rockford, IL (#40420)
Financial Summary
Total assets: $321.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
180Total employees (full-time equivalent)
$331,748Total assets
$10,975Cash and due from depository institutions
$4,606Interest-bearing balances
$37,908Securities
$6,000Federal funds sold & reverse repurchase agreements
$259,685Net loans & leases
$1,844Loan loss allowance
$0Trading account assets
$3,522Bank premises and fixed assets
$8,866Other real estate owned
$652Goodwill and other intangibles
$0Life insurance assets
$4,140All other assets
$331,748Total liabilities and capital
$309,390Total liabilities
$307,855Total deposits
$296,994Interest-bearing deposits
$307,855Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,535All other liabilities
$22,358Total equity capital
$22,358Total bank equity capital
$22,358Perpetual preferred stock
$0Common stock
$7Surplus
$6,377Undivided profits
Memoranda
$15,974Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,834Earning assets
$0Long-term assets (5+ years)
$1,545Average Assets, year-to-date
$308,199Average Assets, quarterly
$0Volatile liabilities
$332,496Insider loans
$329,313FHLB advances
$40,350Loans and leases held for sale
$211Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$40,056Total unused commitments
$0Restructured Loans and leases
$211,518Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$24,125Total interest income
$14,542Total interest expense
$9,583Net interest income
$555Provision for loan and lease losses
$3,480Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$3,480Additional noninterest income
$10,390Total noninterest expense
$5,638Salaries and employee benefits
$2,177Premises and equipment expense
$2,575Additional noninterest expense
$2,118Pre-tax net operating income
$512Securities gains (losses)
$999Applicable income taxes
$1,631Income before extraordinary items
$0Extraordinary gains - net
$1,631Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$293Sale, conversion, retirement of capital stock, net
$103Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.02%Yield on earning assets
4.83%Cost of funding earning assets
3.18%Net interest margin
1.16%Noninterest income to earning assets
3.45%Noninterest expense to earning assets
0.39%Net operating income to assets
0.49%Return on assets (ROA)
0.79%Pretax return on assets
7.54%Return on equity (ROE)
7.07%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
189.42%Credit loss provision to net charge-offs
9.12%Efficiency ratio
79,538Assets per employee
1.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
6.32%Loss allowance to loans
0.71%Loss allowance to noncurrent loans
100.55%Noncurrent assets plus other real estate owned to assets
2.11%Noncurrent loans to loans
0.70%Net loans and leases to deposits
84.35%Net loans and leases to core deposits
97.08%Equity capital to assets
6.74%Core capital (leverage) ratio
5.44%Tier 1 risk-based capital ratio
8.41%Total risk-based capital ratio
Memoranda
$9Average assets
$332,496Average earning assets
$21,622Average equity
$300,949Average loans
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