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

  • Marine Bank in Springfield, Illinois (IL)
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Marine Bank - Overview

  • General
  • FDIC Certificate #: 20250
    Status: Active
    Federal Reserve ID: 258445
    Bank Holding Company (Regulatory Top Holder): Marine Bancorp, Inc. (RSSDID: 1823608, Location: Springfield, IL)
    Date Established: September 04, 1970
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 13929
    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: September 04, 1970
    Last Structure Change Effective Date: November 21, 2011
    Last Structure Change Process Date: November 30, 2011
    Last Data Update: November 30, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3050 West Wabash Avenue, Springfield, IL 62704
    County: Sangamon
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Springfield Il
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Springfield, IL (#7880)
    Core Based Statistical Area (CBSA): Springfield, IL (#44100)
    CBSA Metro Statistical Area: Springfield, IL (#44100)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $600.4 mil
    Equity capital: $54.0 mil
    Deposits held in domestic offices: $516.0 mil
    Return on assets (ROA): 1.40% ($8.4 mil)
    Quarterly return on assets: 1.84% ($11.0 mil)
    Return on Equity (ROE): 15.65% ($8.5 mil)
    Quarterly return on equity: 20.22% ($10.9 mil)
    Net income: $8.2 mil
    Quarterly Net income: $2.7 mil
    Pretax return on assets: 1.41% ($8,466.2 mil)
    Quarterly Pretax return on assets: 1.84% ($11,048.1 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
  • 185Total employees (full-time equivalent)
  • $600,441Total assets
  • $64,008Cash and due from depository institutions
  • $58,427Interest-bearing balances
  • $48,988Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $459,951Net loans & leases
  • $6,109Loan loss allowance
  • $0Trading account assets
  • $9,847Bank premises and fixed assets
  • $5,273Other real estate owned
  • $5,222Goodwill and other intangibles
  • $600,441Life insurance assets
  • $7,152All other assets
  • $546,486Total liabilities and capital
  • $516,035Total liabilities
  • $455,845Total deposits
  • $516,035Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 17537.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $2,914Subordinated debt
  • $53,955All other liabilities
  • $53,955Total equity capital
  • $53,955Total bank equity capital
  • $0Perpetual preferred stock
  • $419Common stock
  • $27,236Surplus
  • $26,300Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,573Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,228Income earned, not collected on loans
  • $0Earning assets
  • $1,982Long-term assets (5+ years)
  • $567,366Average Assets, year-to-date
  • $28,034Average Assets, quarterly
  • $586,352Volatile liabilities
  • $591,601Insider loans
  • $486,454FHLB advances
  • $589,145Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $52,032Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $70,200Restructured Loans and leases
  • $3,469Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,325Total interest income
  • $6,338Total interest expense
  • $20,987Net interest income
  • $2,172Provision for loan and lease losses
  • $7,440Total noninterest income
  • $908Fiduciary activities
  • $1,504Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,028Additional noninterest income
  • $18,016Total noninterest expense
  • $11,002Salaries and employee benefits
  • $1,621Premises and equipment expense
  • $5,393Additional noninterest expense
  • $8,239Pre-tax net operating income
  • $0Securities gains (losses)
  • $15Applicable income taxes
  • $8,224Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,224Net income attributable to bank
  • $0Net charge-offs
  • $8,224Cash dividends
  • $2,207Sale, conversion, retirement of capital stock, net
  • $4,900Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 3.78%Net interest margin
  • 1.34%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 1.40%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 15.65%Return on equity (ROE)
  • 6.32%Retained earnings to average equity (YTD only)
  • 0.47%Net charge-offs to loans
  • 98.41%Credit loss provision to net charge-offs
  • 4.72%Efficiency ratio
  • 63,267Assets per employee
  • 3.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.58%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 59.73%Noncurrent assets plus other real estate owned to assets
  • 2.58%Noncurrent loans to loans
  • 2.19%Net loans and leases to deposits
  • 89.13%Net loans and leases to core deposits
  • 91.03%Equity capital to assets
  • 8.99%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 10.70%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $586,352Average earning assets
  • $52,560Average equity
  • $555,841Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $151,658Managed Assets
  • 1Number of Accounts
  • $110,105Personal trust and agency accounts
  • $28,378Employee benefit-defined contribution accounts
  • $4,513Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $22,638Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $54,554Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $22Non-managed Assets
  • 434Number of Accounts
  • $0Personal trust and agency accounts
  • $22,638Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $41,553Other retirement accounts
  • $820Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $20,506Fiduciary accounts held in foreign offices

List of branches

  • 10 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013929Marine Bank3050 West Wabash Avenue, Springfield, IL 62704September 04, 1970Full Service Brick and Mortar
    3250577Springfield Branch2136 East Cook Street, Springfield, IL 62703November 03, 1995Limited Service Facility
    6250580Sangamon Branch1953 East Sangamon Avenue, Springfield, IL 62702August 01, 1998Limited Service Facility
    7358931Sixth Street Branch3001 South Sixth Street, Springfield, IL 62703October 23, 2000Full Service Brick and Mortar
    8361151Springfield-Robbins Road Branch3120 Robbins Road, Springfield, IL 62704January 01, 2001Limited Service Loan Production
    9365927Chatham Branch470 North Main Plaza, Chatham, IL 62629September 04, 2002Full Service Brick and Mortar
    10431459Dirksen Parkway Branch1401 North Dirksen Parkway, Springfield, IL 62702August 23, 2004Full Service Brick and Mortar
    11360924Springfield Branch525 N. Fourth Street, Springfield, IL 62702April 01, 1999Full Service Brick and Mortar
    12466974Champaign Branch2434 Village Green Place, Champaign, IL 61822March 01, 2007Full Service Brick and Mortar
    13262824Champaign Branch1001 South Neil Street, Champaign, IL 61824June 30, 1989Full Service Brick and Mortar

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