Ipava State Bank in Ipava, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Ipava State Bank - Overview

  • General
  • FDIC Certificate #: 10473
    Status: Active
    Federal Reserve ID: 760434
    Bank Holding Company (Regulatory Top Holder): Isb Bancshares, Inc. (RSSDID: 2067771, Location: Ipava, IL)
    Date Established: September 11, 1902
    WWW: http://www.ipavastatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 6700
    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: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 11, 2006
    Last Structure Change Process Date: May 16, 2006
    Last Data Update: May 16, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 70 East Main Street, Ipava, IL 61441
    County: Fulton
    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
    Combined Statistical Area (CSA): Peoria-Canton, IL (#426)
    Core Based Statistical Area (CBSA): Canton, IL (#15900)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $92.1 mil
    Equity capital: $8.1 mil
    Deposits held in domestic offices: $81.8 mil
    Return on assets (ROA): 1.40% ($1.3 mil)
    Quarterly return on assets: 0.82% ($0.8 mil)
    Return on Equity (ROE): 15.58% ($1.2 mil)
    Quarterly return on equity: 9.08% ($0.7 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.40% ($1,289.7 mil)
    Quarterly Pretax return on assets: 0.82% ($755.4 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
  • 28Total employees (full-time equivalent)
  • $92,120Total assets
  • $10,948Cash and due from depository institutions
  • $4,319Interest-bearing balances
  • $14,570Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $62,352Net loans & leases
  • $680Loan loss allowance
  • $0Trading account assets
  • $1,837Bank premises and fixed assets
  • $0Other real estate owned
  • $209Goodwill and other intangibles
  • $92,120Life insurance assets
  • $2,204All other assets
  • $84,046Total liabilities and capital
  • $81,803Total liabilities
  • $73,321Total deposits
  • $81,803Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $243Subordinated debt
  • $8,074All other liabilities
  • $8,074Total equity capital
  • $8,074Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $2,372Surplus
  • $5,602Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $26Income earned, not collected on loans
  • $0Earning assets
  • $929Long-term assets (5+ years)
  • $81,241Average Assets, year-to-date
  • $13,589Average Assets, quarterly
  • $88,953Volatile liabilities
  • $90,673Insider loans
  • $73,941FHLB advances
  • $90,886Loans and leases held for sale
  • $759Unused loan commitments
  • $759Tier 1 (core) risk-based capital
  • $7,766Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,643Restructured Loans and leases
  • $926Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,496Total interest income
  • $1,113Total interest expense
  • $3,383Net interest income
  • $99Provision for loan and lease losses
  • $834Total noninterest income
  • $0Fiduciary activities
  • $120Service charges on deposit accounts
  • $0Trading account gains & fees
  • $714Additional noninterest income
  • $2,876Total noninterest expense
  • $1,854Salaries and employee benefits
  • $169Premises and equipment expense
  • $853Additional noninterest expense
  • $1,242Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,242Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,242Net income attributable to bank
  • $0Net charge-offs
  • $1,242Cash dividends
  • $68Sale, conversion, retirement of capital stock, net
  • $729Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.76%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 4.33%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 3.68%Noninterest expense to earning assets
  • 1.40%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 15.58%Return on equity (ROE)
  • 6.44%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 145.59%Credit loss provision to net charge-offs
  • 19.72%Efficiency ratio
  • 68,200Assets per employee
  • 3.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.70%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 2615.38%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 76.22%Net loans and leases to core deposits
  • 79.35%Equity capital to assets
  • 8.76%Core capital (leverage) ratio
  • 8.54%Tier 1 risk-based capital ratio
  • 10.50%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $88,953Average earning assets
  • $7,972Average equity
  • $78,117Average loans

List of branches

  • 4 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06700Ipava State Bank70 East Main Street, Ipava, IL 61441September 11, 1902Full Service Brick and Mortar
    1222431Astoria Branch101 East Broadway, Astoria, IL 61501September 11, 1995Full Service Brick and Mortar
    3430071Canton Branch74 East Pine Street, Canton, IL 61520July 26, 2004Full Service Brick and Mortar
    4456229Lewistown Branch1203 South Main Street, Lewistown, IL 61542November 13, 2006Full Service Brick and Mortar

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