Kent Bank in city_name, state_name - Detailed Financial Reports, Location

Kent Bank in Kent, Illinois (IL)
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Kent Bank routing number info

Kent Bank - Overview

General
FDIC Certificate #: 12704
Status: Active
Federal Reserve ID: 950936
Bank Holding Company (Regulatory Top Holder): High Point Financial Services, Inc. (RSSDID: 1916948, Location: Forreston, IL)
Date Established: Febuary 12, 1923
WWW: http://www.kentbnk.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 8057
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: Yes
Asset Concentration Hierarchy: Commercial 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: 717 North Kent Road, Kent, IL 61044
County: Stephenson
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Princeton
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
Core Based Statistical Area (CBSA): Freeport, IL (#23300)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $88.0 mil
Equity capital: $9.7 mil
Deposits held in domestic offices: $76.9 mil
Return on assets (ROA): 0.38% ($0.3 mil)
Quarterly return on assets: 0.70% ($0.6 mil)
Return on Equity (ROE): 3.54% ($0.4 mil)
Quarterly return on equity: 6.45% ($0.6 mil)
Net income: $0.3 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.38% ($334.3 mil)
Quarterly Pretax return on assets: 0.68% ($598.3 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
20Total employees (full-time equivalent)
$87,978Total assets
$4,181Cash and due from depository institutions
$2,861Interest-bearing balances
$24,501Securities
$253Federal funds sold & reverse repurchase agreements
$51,950Net loans & leases
$597Loan loss allowance
$0Trading account assets
$769Bank premises and fixed assets
$1,579Other real estate owned
$1,049Goodwill and other intangibles
$87,978Life insurance assets
$3,696All other assets
$78,326Total liabilities and capital
$76,894Total liabilities
$72,112Total deposits
$76,894Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,265Trading liabilities
$0Other borrowed funds
$167Subordinated debt
$9,652All other liabilities
$9,652Total equity capital
$9,652Total bank equity capital
$0Perpetual preferred stock
$180Common stock
$5,015Surplus
$4,457Undivided profits
Memoranda
$0Noncurrent loans and leases
$96Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,176Income earned, not collected on loans
$0Earning assets
$425Long-term assets (5+ years)
$79,565Average Assets, year-to-date
$7,656Average Assets, quarterly
$88,000Volatile liabilities
$87,617Insider loans
$54,844FHLB advances
$87,106Loans and leases held for sale
$1,975Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,546Tier 2 risk-based capital
$0Total risk weighted assets
$1,975Total unused commitments
$10,030Restructured Loans and leases
$857Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,975Total interest income
$793Total interest expense
$3,182Net interest income
$875Provision for loan and lease losses
$235Total noninterest income
$0Fiduciary activities
$210Service charges on deposit accounts
$0Trading account gains & fees
$25Additional noninterest income
$2,153Total noninterest expense
$954Salaries and employee benefits
$365Premises and equipment expense
$834Additional noninterest expense
$389Pre-tax net operating income
-$54Securities gains (losses)
$2Applicable income taxes
$333Income before extraordinary items
$0Extraordinary gains - net
$333Net income attributable to bank
$0Net charge-offs
$333Cash dividends
$1,057Sale, conversion, retirement of capital stock, net
$225Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.94%Yield on earning assets
0.99%Cost of funding earning assets
3.96%Net interest margin
0.29%Noninterest income to earning assets
2.68%Noninterest expense to earning assets
0.44%Net operating income to assets
0.38%Return on assets (ROA)
0.38%Pretax return on assets
3.54%Return on equity (ROE)
1.15%Retained earnings to average equity (YTD only)
1.90%Net charge-offs to loans
82.78%Credit loss provision to net charge-offs
1.20%Efficiency ratio
63,008Assets per employee
4.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.57%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
18.80%Noncurrent assets plus other real estate owned to assets
5.40%Noncurrent loans to loans
6.04%Net loans and leases to deposits
67.56%Net loans and leases to core deposits
67.79%Equity capital to assets
10.97%Core capital (leverage) ratio
9.81%Tier 1 risk-based capital ratio
15.58%Total risk-based capital ratio
Memoranda
$17Average assets
$88,000Average earning assets
$9,411Average equity
$80,445Average loans

List of branches

2 Illinois Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	8057	Kent Bank	717 North Kent Road, Kent, IL 61044	Febuary 12, 1923	Full Service Brick and Mortar
1	227805	Freeport Branch	996 West Fairview Road, Freeport, IL 61032	January 03, 1992	Full Service Brick and Mortar

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

Kent Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Kent Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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