Illini Bank in Springfield, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Illini Bank in Springfield, Illinois (IL)
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Illini Bank - Overview

  • General
  • FDIC Certificate #: 19980
    Status: Active
    Federal Reserve ID: 588441
    Bank Holding Company (Regulatory Top Holder): Illini Corporation (RSSDID: 1209761, Location: Springfield, IL)
    Date Established: July 05, 1969
    WWW: http://www.illinibank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Domestic: 12, Interstate: No)
    OTS Docket #: 13397
    FDIC's unique #: 13720
    Numeric code: 21
    Regulator: FDIC
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 05, 1969
    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: 3200 West Iles Avenue, Springfield, IL 62707
    County: Sangamon
    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): Springfield, IL (#7880)
    Core Based Statistical Area (CBSA): Springfield, IL (#44100)
    CBSA Metro Statistical Area: Springfield, IL (#44100)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $257.1 mil
    Equity capital: $25.0 mil
    Deposits held in domestic offices: $215.6 mil
    Return on assets (ROA): 1.23% ($3.2 mil)
    Quarterly return on assets: 1.28% ($3.3 mil)
    Return on Equity (ROE): 13.04% ($3.3 mil)
    Quarterly return on equity: 13.28% ($3.3 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.79% ($4,602.3 mil)
    Quarterly Pretax return on assets: 1.69% ($4,345.2 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
  • 88Total employees (full-time equivalent)
  • $257,112Total assets
  • $14,815Cash and due from depository institutions
  • $12,946Interest-bearing balances
  • $67,723Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $154,764Net loans & leases
  • $2,526Loan loss allowance
  • $0Trading account assets
  • $8,394Bank premises and fixed assets
  • $1,087Other real estate owned
  • $1,735Goodwill and other intangibles
  • $257,112Life insurance assets
  • $8,594All other assets
  • $232,120Total liabilities and capital
  • $215,646Total liabilities
  • $177,329Total deposits
  • $215,646Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,500Trading liabilities
  • $0Other borrowed funds
  • $2,974Subordinated debt
  • $24,992All other liabilities
  • $24,992Total equity capital
  • $24,992Total bank equity capital
  • $0Perpetual preferred stock
  • $2,240Common stock
  • $12,635Surplus
  • $10,117Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,756Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $550Income earned, not collected on loans
  • $0Earning assets
  • $1,845Long-term assets (5+ years)
  • $235,433Average Assets, year-to-date
  • $47,163Average Assets, quarterly
  • $250,206Volatile liabilities
  • $255,224Insider loans
  • $197,506FHLB advances
  • $253,850Loans and leases held for sale
  • $4,611Unused loan commitments
  • $3,341Tier 1 (core) risk-based capital
  • $23,140Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,270Total unused commitments
  • $35,975Restructured Loans and leases
  • $5,948Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,484Total interest income
  • $1,686Total interest expense
  • $9,798Net interest income
  • $615Provision for loan and lease losses
  • $4,229Total noninterest income
  • $0Fiduciary activities
  • $1,061Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,168Additional noninterest income
  • $8,927Total noninterest expense
  • $4,687Salaries and employee benefits
  • $1,334Premises and equipment expense
  • $2,906Additional noninterest expense
  • $4,485Pre-tax net operating income
  • -$11Securities gains (losses)
  • $1,396Applicable income taxes
  • $3,078Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,078Net income attributable to bank
  • $0Net charge-offs
  • $3,078Cash dividends
  • $807Sale, conversion, retirement of capital stock, net
  • $1,400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 4.25%Net interest margin
  • 1.83%Noninterest income to earning assets
  • 3.87%Noninterest expense to earning assets
  • 1.23%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 13.04%Return on equity (ROE)
  • 7.11%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 76.21%Credit loss provision to net charge-offs
  • 6.32%Efficiency ratio
  • 63,642Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.48%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 459.27%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 71.77%Net loans and leases to core deposits
  • 76.49%Equity capital to assets
  • 9.72%Core capital (leverage) ratio
  • 9.12%Tier 1 risk-based capital ratio
  • 11.72%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $250,206Average earning assets
  • $23,611Average equity
  • $230,664Average loans

List of branches

  • 12 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013720Illini Bank3200 West Iles Avenue, Springfield, IL 62707July 05, 1969Full Service Brick and Mortar
    215574Auburn FacilityWest Jefferson Street And State Route 4, Auburn, IL 62615November 15, 1976Full Service Brick and Mortar
    4255747Northender Money Center Facility2120 North Peoria Road, Springfield, IL 62702June 06, 1984Full Service Brick and Mortar
    512785Divernon Facility133 West Dodd Street, Divernon, IL 62530October 15, 1963Full Service Brick and Mortar
    616383Mechanicsburg Facility600 West Main St., Mechanicsburg, IL 62545March 27, 1981Full Service Brick and Mortar
    714430Chatham Road Facility120 South Chatham Road, Springfield, IL 62704December 18, 1972Full Service Brick and Mortar
    1115285Stonington Branch108 East Third Street, Stonington, IL 62567June 06, 1975Full Service Brick and Mortar
    17257549Hudson Branch105 West Franklin, Hudson, IL 61748April 01, 1989Full Service Brick and Mortar
    1814315Elkhart BranchSecond And Washington Streets, Elkhart, IL 62634June 23, 1972Full Service Brick and Mortar
    19257550Lincoln Branch2201 Woodlawn Road, Suite 100, Lincoln, IL 62656March 01, 1993Full Service Brick and Mortar
    20250073Jefferson Street Branch615 West Jefferson Street, Springfield, IL 62702December 15, 1997Full Service Brick and Mortar
    22526141Sherman Village Center120 Illini Boulevard, Sherman, IL 62684October 04, 2011Full Service Brick and Mortar

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