MidCountry Bank in Marion, Illinois (IL), MN, NV
Overview, Financial Summary, Detailed Financial Reports, Branches


  • MidCountry Bank in Marion, Illinois (IL), MN, NV
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MidCountry Bank - Overview

  • General
  • FDIC Certificate #: 28865
    Status: Active
    Federal Reserve ID: 3971
    Date Established: January 01, 1933
    WWW: http://www.midcountrybank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 23 (Domestic: 23, Interstate: Yes)
    OTS Docket #: 2518
    FDIC's unique #: 41699
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 11, 1934
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2611 Blue Heron Drive, Marion, IL 62959
    County: Williamson
    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
    Combined Statistical Area (CSA): Carbondale-Marion-Herrin, IL (#166)
    Core Based Statistical Area (CBSA): Marion-Herrin, IL (#32060)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $674.7 mil
    Equity capital: $98.6 mil
    Deposits held in domestic offices: $534.7 mil
    Return on assets (ROA): 0.82% ($5.5 mil)
    Quarterly return on assets: 0.89% ($6.0 mil)
    Return on Equity (ROE): 5.90% ($5.8 mil)
    Quarterly return on equity: 6.19% ($6.1 mil)
    Net income: $5.7 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.36% ($9,176.6 mil)
    Quarterly Pretax return on assets: 1.44% ($9,716.4 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
  • 603Total employees (full-time equivalent)
  • $674,749Total assets
  • $111,427Cash and due from depository institutions
  • $106,451Interest-bearing balances
  • $99,437Securities
  • $220Federal funds sold & reverse repurchase agreements
  • $397,970Net loans & leases
  • $12,887Loan loss allowance
  • $0Trading account assets
  • $15,877Bank premises and fixed assets
  • $5,344Other real estate owned
  • $15,065Goodwill and other intangibles
  • $674,749Life insurance assets
  • $29,409All other assets
  • $576,174Total liabilities and capital
  • $534,733Total liabilities
  • $519,372Total deposits
  • $534,733Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,892Trading liabilities
  • $0Other borrowed funds
  • $21,549Subordinated debt
  • $98,575All other liabilities
  • $98,575Total equity capital
  • $98,575Total bank equity capital
  • $0Perpetual preferred stock
  • $2Common stock
  • $176,276Surplus
  • $-77,703Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $29,623Income earned, not collected on loans
  • $800Earning assets
  • $2,808Long-term assets (5+ years)
  • $604,078Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $692,400Volatile liabilities
  • $678,409Insider loans
  • $433,071FHLB advances
  • $658,959Loans and leases held for sale
  • $11,214Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $82,785Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $76,215Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,757Total interest income
  • $6,713Total interest expense
  • $24,044Net interest income
  • $6,996Provision for loan and lease losses
  • $57,839Total noninterest income
  • $0Fiduciary activities
  • $3,118Service charges on deposit accounts
  • $0Trading account gains & fees
  • $54,721Additional noninterest income
  • $65,873Total noninterest expense
  • $35,433Salaries and employee benefits
  • $8,330Premises and equipment expense
  • $22,110Additional noninterest expense
  • $9,014Pre-tax net operating income
  • $383Securities gains (losses)
  • $3,708Applicable income taxes
  • $5,689Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,689Net income attributable to bank
  • $0Net charge-offs
  • $5,689Cash dividends
  • $8,164Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 3.91%Net interest margin
  • 9.40%Noninterest income to earning assets
  • 10.71%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 5.90%Return on equity (ROE)
  • 5.90%Retained earnings to average equity (YTD only)
  • 1.89%Net charge-offs to loans
  • 85.69%Credit loss provision to net charge-offs
  • 1.96%Efficiency ratio
  • 79,352Assets per employee
  • 1.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.14%Loss allowance to noncurrent loans
  • 43.50%Noncurrent assets plus other real estate owned to assets
  • 5.18%Noncurrent loans to loans
  • 7.21%Net loans and leases to deposits
  • 74.42%Net loans and leases to core deposits
  • 75.61%Equity capital to assets
  • 14.61%Core capital (leverage) ratio
  • 12.56%Tier 1 risk-based capital ratio
  • 19.12%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $692,400Average earning assets
  • $96,444Average equity
  • $615,316Average loans

List of branches

  • 8 Illinois Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041699Midcountry Bank2611 Blue Heron Drive, Marion, IL 62959January 01, 1933Full Service Brick and Mortar
    1096901Mounds Branch100 South Oak, Mounds, IL 62964January 01, 1906Full Service Brick and Mortar
    116285200Benton Branch605 W Main St, Benton, IL 62812November 01, 1968Full Service Brick and Mortar
    117290301Mount Vernon Branch2929 Broadway Street, Mount Vernon, IL 62864July 21, 1998Full Service Brick and Mortar
    118290302Johnston City Branch101 West Broadway Blvd, Johnston City, IL 62951May 07, 1999Full Service Brick and Mortar
    119359007Marion Branch1702 West Boulevard, Marion, IL 62959January 01, 2001Full Service Brick and Mortar
    122443993Carbondale Branch925 West Main Street, Carbondale, IL 62901July 21, 2005Full Service Brick and Mortar
    123456813Metropolis Branch522 Market Street, Metropolis, IL 62960November 03, 2006Full Service Brick and Mortar
  • 14 Minnesota Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    1271157Litchfield Branch501 North Sibley Avenue, Litchfield, MN 55355January 01, 1933Full Service Brick and Mortar
    227115819 Central Avenue Branch19 Central Avenue, Buffalo, MN 55313January 01, 1933Full Service Brick and Mortar
    3271159Glencoe Branch1002 Greeley Avenue, Glencoe, MN 55336January 01, 1933Full Service Brick and Mortar
    4271160Waconia Branch200 East Frontage Road, Waconia, MN 55387January 01, 1933Full Service Brick and Mortar
    100271161Winthrop Branch122 East Second Street, Winthrop, MN 55396January 01, 1933Full Service Brick and Mortar
    101271162Hutchinson South Branch905 Highway 15 S., Hutchinson, MN 55350January 01, 1933Full Service Brick and Mortar
    10244388Hastings Branch1320 South Frontage Road, Hastings, MN 55033January 01, 1881Full Service Brick and Mortar
    103285204Apple Valley Branch14994 Glazier Avenue, Apple Valley, MN 55124January 01, 1881Full Service Brick and Mortar
    104285205Inver Grove Heights Branch6505 Cahill Avenue East, Inver Grove Heights, MN 55076January 01, 1881Full Service Brick and Mortar
    105271163Waite Park Branch113 Waite Avenue South, Waite Park, MN 56387June 30, 1996Full Service Brick and Mortar
    10646443St Cloud Branch1113 W Saint Germain St, Saint Cloud, MN 56301October 05, 1990Full Service Brick and Mortar
    10760632Minnetonka Branch14617 Highway 7, Minnetonka, MN 55345September 02, 1997Full Service Brick and Mortar
    1082474Hutchinson Branch201 Main St S, Hutchinson, MN 55350April 17, 1884Full Service Brick and Mortar
    127518146Shorewood Branch23800 Highway 7, Excelsior, MN 55331November 01, 2004Full Service Brick and Mortar
  • 1 Nevada Branch as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    129522066Las Vegas Branch3240 East Tropicana Avenue, Las Vegas, NV 89121June 30, 2011Full Service Brick and Mortar

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