Magna Bank of Madison County in Granite City, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 30, 1993

  • Magna Bank of Madison County in Granite City, Illinois (IL)
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Magna Bank of Madison County - Overview

  • General
  • FDIC Certificate #: 3797
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Magna Bank of Illinois, National Association (#3784)
    Federal Reserve ID: 780843
    Date Established: December 30, 1902
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    FDIC's unique #: 2460
    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: January 01, 1934
    Last Structure Change Effective Date: June 30, 1993
    Last Structure Change Process Date: July 14, 1993
    Last Data Update: August 24, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 1960 Edison Avenue, Granite City, IL 62040
    County: Madison
    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
    Metropolitan Statistical Area (MSA): St. Louis, MO-IL (#7040)
    Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476)
    Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
    CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
  • History of Changes
  • Consolidated - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $440.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $203Total assets
  • $450,481Cash and due from depository institutions
  • $15,957Interest-bearing balances
  • $0Securities
  • $169,905Federal funds sold & reverse repurchase agreements
  • $3,750Net loans & leases
  • $241,665Loan loss allowance
  • $6,868Trading account assets
  • $0Bank premises and fixed assets
  • $8,614Other real estate owned
  • $1,717Goodwill and other intangibles
  • $7,853Life insurance assets
  • $1,020All other assets
  • $0Total liabilities and capital
  • $450,481Total liabilities
  • $411,448Total deposits
  • $404,494Interest-bearing deposits
  • $357,083Deposits held in domestic offices
  • 404494.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $3,786Trading liabilities
  • $0Other borrowed funds
  • $390Subordinated debt
  • $0All other liabilities
  • $2,778Total equity capital
  • $2,778Total bank equity capital
  • $39,033Perpetual preferred stock
  • $0Common stock
  • $8,468Surplus
  • $23,851Undivided profits
  • Memoranda
  • $6,714Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,550Income earned, not collected on loans
  • $1,522Earning assets
  • $415,320Long-term assets (5+ years)
  • $76,904Average Assets, year-to-date
  • $458,538Average Assets, quarterly
  • $453,442Volatile liabilities
  • $20,716Insider loans
  • $209FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $15,324Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $38,013Total risk weighted assets
  • $264,454Total unused commitments
  • $0Restructured Loans and leases
  • $23,000Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $33,319Total interest expense
  • $15,352Net interest income
  • $17,967Provision for loan and lease losses
  • $4,388Total noninterest income
  • $3,436Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,408Trading account gains & fees
  • $0Additional noninterest income
  • $1,028Total noninterest expense
  • $14,541Salaries and employee benefits
  • $5,584Premises and equipment expense
  • $1,947Additional noninterest expense
  • $7,010Pre-tax net operating income
  • $2,474Securities gains (losses)
  • $219Applicable income taxes
  • $290Income before extraordinary items
  • $2,403Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,403Net charge-offs
  • $5,456Cash dividends
  • $1,000Sale, 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
  • 7.87%Cost of funding earning assets
  • 3.63%Net interest margin
  • 4.25%Noninterest income to earning assets
  • 0.81%Noninterest expense to earning assets
  • 3.44%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 0.59%Return on equity (ROE)
  • 6.27%Retained earnings to average equity (YTD only)
  • 3.66%Net charge-offs to loans
  • 2.01%Credit loss provision to net charge-offs
  • 80.43%Efficiency ratio
  • 67,570Assets per employee
  • 2.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.61%Loss allowance to loans
  • 2.76%Loss allowance to noncurrent loans
  • 59.46%Noncurrent assets plus other real estate owned to assets
  • 2.95%Noncurrent loans to loans
  • 4.65%Net loans and leases to deposits
  • 59.75%Net loans and leases to core deposits
  • 62.35%Equity capital to assets
  • 8.66%Core capital (leverage) ratio
  • 8.38%Tier 1 risk-based capital ratio
  • 14.37%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $458,538Average earning assets
  • $38,301Average equity
  • $423,221Average loans

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