Independent Bankers' Bank in Springfield, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 18, 2009

  • Independent Bankers' Bank in Springfield, Illinois (IL)
  • Show street view No street view available for this location

Independent Bankers' Bank - Overview

  • General
  • FDIC Certificate #: 26820
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Independent Bankers' Bank Bridge Bank, National Association (#59021)
    Federal Reserve ID: 343341
    Date Established: August 28, 1986
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    OTS Docket #: 10141
    FDIC's unique #: 36012
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 28, 1986
    Last Structure Change Effective Date: December 18, 2009
    Last Structure Change Process Date: December 22, 2009
    Last Data Update: Febuary 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3161 West White Oaks Drive, Suite 300, Springfield, IL 62704
    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)
  • Financial Summary
  • Total assets: $585.5 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, 2008)

  • Dollar figures in thousands
  • 72Total employees (full-time equivalent)
  • $612,302Total assets
  • $25,121Cash and due from depository institutions
  • $2,154Interest-bearing balances
  • $318,198Securities
  • $34,278Federal funds sold & reverse repurchase agreements
  • $185,641Net loans & leases
  • $4,466Loan loss allowance
  • $0Trading account assets
  • $2,946Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $12,152Life insurance assets
  • $46,118All other assets
  • $612,302Total liabilities and capital
  • $606,083Total liabilities
  • $277,694Total deposits
  • $168,056Interest-bearing deposits
  • $277,694Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $234,276Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $87,800Other borrowed funds
  • $0Subordinated debt
  • $6,313All other liabilities
  • $6,219Total equity capital
  • $6,219Total bank equity capital
  • $6,219Perpetual preferred stock
  • $0Common stock
  • $1,020Surplus
  • $19,087Undivided profits
  • Memoranda
  • $-13,888Noncurrent loans and leases
  • $75,451Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,400Earning assets
  • $0Long-term assets (5+ years)
  • $3,619Average Assets, year-to-date
  • $540,271Average Assets, quarterly
  • $127,116Volatile liabilities
  • $578,304Insider loans
  • $601,163FHLB advances
  • $351,270Loans and leases held for sale
  • $1,200Unused loan commitments
  • $47,800Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $75,451Total unused commitments
  • $0Restructured Loans and leases
  • $4,466Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $28,776Total interest income
  • $14,222Total interest expense
  • $14,554Net interest income
  • $1,518Provision for loan and lease losses
  • $10,507Total noninterest income
  • $633Fiduciary activities
  • $3,521Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,353Additional noninterest income
  • $14,878Total noninterest expense
  • $6,988Salaries and employee benefits
  • $915Premises and equipment expense
  • $6,975Additional noninterest expense
  • $8,665Pre-tax net operating income
  • -$27,085Securities gains (losses)
  • -$4,231Applicable income taxes
  • -$14,189Income before extraordinary items
  • $0Extraordinary gains - net
  • -$14,189Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $222Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.44%Yield on earning assets
  • 2.69%Cost of funding earning assets
  • 2.75%Net interest margin
  • 1.99%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 1.15%Net operating income to assets
  • -2.45%Return on assets (ROA)
  • -3.19%Pretax return on assets
  • -52.43%Return on equity (ROE)
  • -52.43%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 683.78%Credit loss provision to net charge-offs
  • 45.87%Efficiency ratio
  • 59,367Assets per employee
  • 8.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.35%Loss allowance to noncurrent loans
  • 186.08%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 1.26%Net loans and leases to deposits
  • 66.85%Net loans and leases to core deposits
  • 80.64%Equity capital to assets
  • 1.02%Core capital (leverage) ratio
  • 4.85%Tier 1 risk-based capital ratio
  • 6.53%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $578,304Average earning assets
  • $27,062Average equity
  • $529,045Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $123,960Managed Assets
  • 1Number of Accounts
  • $111,833Personal trust and agency accounts
  • $17,274Employee benefit-defined contribution accounts
  • $87,263Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,266Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,411Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $2,619Non-managed Assets
  • 100Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $12,127Other retirement accounts
  • $0Corporate trust and agency accounts
  • $7,575Other fiduciary accounts
  • $4,552Fiduciary accounts held in foreign offices

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Independent Bankers' Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents