Main Street Bank & Trust in Champaign, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 10, 2007

  • Main Street Bank & Trust in Champaign, Illinois (IL)
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Main Street Bank & Trust - Overview

  • General
  • FDIC Certificate #: 10842
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Busey Bank (#16450)
    Federal Reserve ID: 251736
    Date Established: June 01, 1861
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 22 (Interstate: No)
    OTS Docket #: 10424
    FDIC's unique #: 6935
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 10, 2007
    Last Structure Change Process Date: December 04, 2007
    Last Data Update: December 04, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 West University Avenue, Champaign, IL 61820
    County: Champaign
    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): Champaign-Urbana, IL (#1400)
    Core Based Statistical Area (CBSA): Champaign-Urbana, IL (#16580)
    CBSA Metro Statistical Area: Champaign-Urbana, IL (#16580)
  • Financial Summary
  • Total assets: $1,679.9 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, 2006)

  • Dollar figures in thousands
  • 398Total employees (full-time equivalent)
  • $1,524,790Total assets
  • $52,073Cash and due from depository institutions
  • $3,477Interest-bearing balances
  • $388,052Securities
  • $9,300Federal funds sold & reverse repurchase agreements
  • $986,360Net loans & leases
  • $14,387Loan loss allowance
  • $0Trading account assets
  • $20,536Bank premises and fixed assets
  • $171Other real estate owned
  • $25,716Goodwill and other intangibles
  • $11,085Life insurance assets
  • $42,582All other assets
  • $1,524,790Total liabilities and capital
  • $1,386,283Total liabilities
  • $1,238,533Total deposits
  • $1,012,391Interest-bearing deposits
  • $1,238,533Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $108,323Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $23,477Other borrowed funds
  • $0Subordinated debt
  • $15,950All other liabilities
  • $138,507Total equity capital
  • $138,507Total bank equity capital
  • $138,507Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $83,803Undivided profits
  • Memoranda
  • $52,204Noncurrent loans and leases
  • $328,102Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,213Earning assets
  • $29Long-term assets (5+ years)
  • $9,640Average Assets, year-to-date
  • $1,387,189Average Assets, quarterly
  • $99,154Volatile liabilities
  • $1,557,834Insider loans
  • $1,534,842FHLB advances
  • $256,657Loans and leases held for sale
  • $76,827Unused loan commitments
  • $23,431Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,116Total risk weighted assets
  • $328,102Total unused commitments
  • $136Restructured Loans and leases
  • $14,289Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $90,138Total interest income
  • $40,971Total interest expense
  • $49,167Net interest income
  • $1,800Provision for loan and lease losses
  • $15,719Total noninterest income
  • $7,503Fiduciary activities
  • $2,719Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,497Additional noninterest income
  • $35,988Total noninterest expense
  • $21,125Salaries and employee benefits
  • $4,791Premises and equipment expense
  • $10,072Additional noninterest expense
  • $27,098Pre-tax net operating income
  • $37Securities gains (losses)
  • $9,593Applicable income taxes
  • $17,542Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,542Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $835Sale, conversion, retirement of capital stock, net
  • $16,000Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.37%Yield on earning assets
  • 2.89%Cost of funding earning assets
  • 3.47%Net interest margin
  • 1.11%Noninterest income to earning assets
  • 2.54%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.74%Pretax return on assets
  • 12.79%Return on equity (ROE)
  • 1.12%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 215.57%Credit loss provision to net charge-offs
  • 34.61%Efficiency ratio
  • 54,123Assets per employee
  • 3.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 91.21%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 175.17%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 79.64%Net loans and leases to core deposits
  • 90.27%Equity capital to assets
  • 9.08%Core capital (leverage) ratio
  • 7.72%Tier 1 risk-based capital ratio
  • 10.30%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,557,834Average earning assets
  • $137,104Average equity
  • $1,415,363Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,843,186Managed Assets
  • 1Number of Accounts
  • $1,764,944Personal trust and agency accounts
  • $640,948Employee benefit-defined contribution accounts
  • $39,803Employee benefit-defined benefit accounts
  • $2,166Other retirement accounts
  • $61,253Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,020,774Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1626Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $78,242Other retirement accounts
  • $11,166Corporate trust and agency accounts
  • $47,618Other fiduciary accounts
  • $17,780Fiduciary accounts held in foreign offices

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