Magna Bank of Goreville in Goreville, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 17, 1995

  • Magna Bank of Goreville in Goreville, Illinois (IL)
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Magna Bank of Goreville - Overview

  • General
  • FDIC Certificate #: 18804
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Magna Bank of Illinois, National Association (#3784)
    Federal Reserve ID: 1016549
    Date Established: July 01, 1963
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 12665
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1963
    Last Structure Change Effective Date: Febuary 17, 1995
    Last Structure Change Process Date: March 07, 1995
    Last Data Update: March 07, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Goreville, IL 62939
    County: Johnson
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Mount Vernon
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • Financial Summary
  • Total assets: $65.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $10Total assets
  • $65,567Cash and due from depository institutions
  • $2,745Interest-bearing balances
  • $1,074Securities
  • $25,307Federal funds sold & reverse repurchase agreements
  • $2,900Net loans & leases
  • $32,508Loan loss allowance
  • $1,073Trading account assets
  • $0Bank premises and fixed assets
  • $1,020Other real estate owned
  • $61Goodwill and other intangibles
  • $1,026Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $65,567Total liabilities
  • $57,593Total deposits
  • $57,348Interest-bearing deposits
  • $52,791Deposits held in domestic offices
  • 57348.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $245Total equity capital
  • $245Total bank equity capital
  • $7,974Perpetual preferred stock
  • $0Common stock
  • $125Surplus
  • $3,150Undivided profits
  • Memoranda
  • $4,699Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,237Income earned, not collected on loans
  • $369Earning assets
  • $61,789Long-term assets (5+ years)
  • $8,359Average Assets, year-to-date
  • $65,692Average Assets, quarterly
  • $65,754Volatile liabilities
  • $5,792Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,432Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,974Total risk weighted assets
  • $33,745Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,641Total interest expense
  • $2,388Net interest income
  • $2,253Provision for loan and lease losses
  • $573Total noninterest income
  • $202Fiduciary activities
  • $0Service charges on deposit accounts
  • $68Trading account gains & fees
  • $0Additional noninterest income
  • $134Total noninterest expense
  • $1,219Salaries and employee benefits
  • $344Premises and equipment expense
  • $202Additional noninterest expense
  • $673Pre-tax net operating income
  • $663Securities gains (losses)
  • $8Applicable income taxes
  • $83Income before extraordinary items
  • $588Extraordinary gains - net
  • $0Net income attributable to bank
  • $588Net charge-offs
  • $364Cash dividends
  • $216Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.48%Cost of funding earning assets
  • 3.85%Net interest margin
  • 3.63%Noninterest income to earning assets
  • 0.33%Noninterest expense to earning assets
  • 1.97%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 0.90%Pretax return on assets
  • 1.02%Return on equity (ROE)
  • 7.51%Retained earnings to average equity (YTD only)
  • 4.75%Net charge-offs to loans
  • 1.06%Credit loss provision to net charge-offs
  • 157.42%Efficiency ratio
  • 49,654Assets per employee
  • 6.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.73%Loss allowance to loans
  • 3.20%Loss allowance to noncurrent loans
  • 86.74%Noncurrent assets plus other real estate owned to assets
  • 1.98%Noncurrent loans to loans
  • 3.68%Net loans and leases to deposits
  • 56.69%Net loans and leases to core deposits
  • 63.05%Equity capital to assets
  • 12.16%Core capital (leverage) ratio
  • 12.28%Tier 1 risk-based capital ratio
  • 23.63%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $65,692Average earning assets
  • $7,832Average equity
  • $62,013Average loans

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