Magna Bank of Central Illinois, National Association in Decatur, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 1993

  • Magna Bank of Central Illinois, National Association in Decatur, Illinois (IL)
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Magna Bank of Central Illinois, National Association - Overview

  • General
  • FDIC Certificate #: 3648
    Status: Inactive
    Closing history: Consolidated - Without Assistance
    Acquiring institution: Magna Bank of Illinois, National Association (#3784)
    Federal Reserve ID: 897639
    Date Established: June 15, 1860
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 13 (Interstate: No)
    FDIC's unique #: 2329
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 30, 1993
    Last Structure Change Process Date: July 14, 1993
    Last Data Update: July 14, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 Millikin Court, Decatur, IL 62525
    County: Macon
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Champaign
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Decatur, IL (#2040)
    Core Based Statistical Area (CBSA): Decatur, IL (#19500)
    CBSA Metro Statistical Area: Decatur, IL (#19500)
  • Financial Summary
  • Total assets: $633.8 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $305Total assets
  • $641,333Cash and due from depository institutions
  • $43,365Interest-bearing balances
  • $0Securities
  • $143,749Federal funds sold & reverse repurchase agreements
  • $730Net loans & leases
  • $424,353Loan loss allowance
  • $4,579Trading account assets
  • $0Bank premises and fixed assets
  • $9,218Other real estate owned
  • $1,275Goodwill and other intangibles
  • $12,664Life insurance assets
  • $5,979All other assets
  • $0Total liabilities and capital
  • $641,333Total liabilities
  • $579,959Total deposits
  • $547,324Interest-bearing deposits
  • $456,395Deposits held in domestic offices
  • 547324.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $24,735Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $7,900Total equity capital
  • $7,900Total bank equity capital
  • $61,374Perpetual preferred stock
  • $0Common stock
  • $8,843Surplus
  • $33,747Undivided profits
  • Memoranda
  • $18,784Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,285Income earned, not collected on loans
  • $3,271Earning assets
  • $568,832Long-term assets (5+ years)
  • $90,442Average Assets, year-to-date
  • $640,974Average Assets, quarterly
  • $639,105Volatile liabilities
  • $55,912Insider loans
  • $6,458FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $88,142Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $55,395Total risk weighted assets
  • $427,124Total unused commitments
  • $0Restructured Loans and leases
  • $15,000Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $50,450Total interest expense
  • $20,842Net interest income
  • $29,608Provision for loan and lease losses
  • $1,154Total noninterest income
  • $4,899Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,797Trading account gains & fees
  • $0Additional noninterest income
  • $2,102Total noninterest expense
  • $20,445Salaries and employee benefits
  • $8,872Premises and equipment expense
  • $2,214Additional noninterest expense
  • $9,359Pre-tax net operating income
  • $12,908Securities gains (losses)
  • $204Applicable income taxes
  • $3,592Income before extraordinary items
  • $9,520Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,520Net charge-offs
  • $1,406Cash dividends
  • $5,400Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.76%Cost of funding earning assets
  • 3.62%Net interest margin
  • 5.14%Noninterest income to earning assets
  • 0.85%Noninterest expense to earning assets
  • 3.55%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 2.05%Return on equity (ROE)
  • 15.88%Retained earnings to average equity (YTD only)
  • 6.87%Net charge-offs to loans
  • 0.33%Credit loss provision to net charge-offs
  • 82.08%Efficiency ratio
  • 57,252Assets per employee
  • 2.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.72%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 200.39%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.53%Net loans and leases to deposits
  • 77.53%Net loans and leases to core deposits
  • 82.22%Equity capital to assets
  • 9.57%Core capital (leverage) ratio
  • 8.74%Tier 1 risk-based capital ratio
  • 12.97%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $640,974Average earning assets
  • $59,953Average equity
  • $575,892Average loans

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