Meridian Bank in Eldred, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 10, 2008

Meridian Bank in Eldred, Illinois (IL)
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Meridian Bank - Overview

General
FDIC Certificate #: 13789
Status: Inactive
Closing history: Corrections
Acquiring institution: National Bank (#16276)
Federal Reserve ID: 159243
Date Established: October 12, 1910
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 8621
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 30, 1934
Last Structure Change Effective Date: October 10, 2008
Last Structure Change Process Date: October 10, 2008
Last Data Update: October 10, 2008
Data Source Date: April 05, 2012
Location
Address: 308 Locust, Eldred, IL 62027
County: Greene
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
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $38.2 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, 2007)

Dollar figures in thousands
38Total employees (full-time equivalent)
$55,366Total assets
$2,110Cash and due from depository institutions
$95Interest-bearing balances
$12,404Securities
$6,421Federal funds sold & reverse repurchase agreements
$27,664Net loans & leases
$203Loan loss allowance
$0Trading account assets
$3,969Bank premises and fixed assets
$331Other real estate owned
$1,228Goodwill and other intangibles
$450Life insurance assets
$1,239All other assets
$55,366Total liabilities and capital
$51,205Total liabilities
$45,407Total deposits
$38,359Interest-bearing deposits
$45,407Deposits held in domestic offices
0.00%% insured (estimated)
$5,285Federal funds purchased & repurchase agreements
$0Trading liabilities
$43Other borrowed funds
$0Subordinated debt
$470All other liabilities
$4,161Total equity capital
$4,161Total bank equity capital
$4,161Perpetual preferred stock
$0Common stock
$524Surplus
$4,367Undivided profits
Memoranda
$-730Noncurrent loans and leases
$2,220Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,615Earning assets
$0Long-term assets (5+ years)
$298Average Assets, year-to-date
$46,584Average Assets, quarterly
$10,798Volatile liabilities
$49,747Insider loans
$51,935FHLB advances
$12,048Loans and leases held for sale
$332Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,220Total unused commitments
$0Restructured Loans and leases
$203Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$2,672Total interest income
$1,625Total interest expense
$1,047Net interest income
$175Provision for loan and lease losses
$586Total noninterest income
$0Fiduciary activities
$187Service charges on deposit accounts
$0Trading account gains & fees
$399Additional noninterest income
$2,553Total noninterest expense
$1,528Salaries and employee benefits
$477Premises and equipment expense
$548Additional noninterest expense
-$1,095Pre-tax net operating income
$36Securities gains (losses)
-$154Applicable income taxes
-$905Income before extraordinary items
$0Extraordinary gains - net
-$905Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$140Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.43%Yield on earning assets
3.91%Cost of funding earning assets
2.52%Net interest margin
1.41%Noninterest income to earning assets
6.14%Noninterest expense to earning assets
-1.88%Net operating income to assets
-1.82%Return on assets (ROA)
-2.13%Pretax return on assets
-22.54%Return on equity (ROE)
-22.54%Retained earnings to average equity (YTD only)
0.57%Net charge-offs to loans
125.00%Credit loss provision to net charge-offs
-6.57%Efficiency ratio
156,338Assets per employee
1.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.73%Loss allowance to noncurrent loans
12.57%Noncurrent assets plus other real estate owned to assets
3.51%Noncurrent loans to loans
5.80%Net loans and leases to deposits
60.92%Net loans and leases to core deposits
71.59%Equity capital to assets
7.52%Core capital (leverage) ratio
5.53%Tier 1 risk-based capital ratio
8.31%Total risk-based capital ratio
Memoranda
$9Average assets
$49,747Average earning assets
$4,014Average equity
$41,568Average loans

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