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


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
  • NoIDNameAddressEstablishedService TypeMap
    08057Kent Bank717 North Kent Road, Kent, IL 61044Febuary 12, 1923Full Service Brick and Mortar
    1227805Freeport Branch996 West Fairview Road, Freeport, IL 61032January 03, 1992Full Service Brick and Mortar

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