Midland Community Bank in Kincaid, Illinois (IL)



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Midland Community Bank
GeneralFDIC Certificate #: 19796
Status: Active
Federal Reserve ID: 822631
Bank Holding Company (Regulatory Top Holder): Midland Bancshares, Inc. (RSSDID: 2609489, Location: Kincaid, IL)
Date Established: March 29, 1968
WWW: http://www.mcbbank.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 13590
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: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: March 29, 1968
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 112 Market Street, Kincaid, IL 62540
County: Christian
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
Core Based Statistical Area (CBSA): Taylorville, IL (#45380)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $44.6 mil
Equity capital: $4.0 mil
Deposits held in domestic offices: $40.2 mil
Return on assets (ROA): 0.79% ($0.4 mil)
Quarterly return on assets: 0.82% ($0.4 mil)
Return on Equity (ROE): 8.97% ($0.4 mil)
Quarterly return on equity: 9.10% ($0.4 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.25% ($557.6 mil)
Quarterly Pretax return on assets: 1.53% ($682.5 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)
Total employees (full-time equivalent)12
Total assets$44,606
Cash and due from depository institutions$991
Interest-bearing balances$181
Securities$16,273
Federal funds sold & reverse repurchase agreements$890
Net loans & leases$25,042
Loan loss allowance $192
Trading account assets$0
Bank premises and fixed assets$798
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$612
Life insurance assets$44,606
Total liabilities and capital$40,616
Total liabilities$40,217
Total deposits$35,160
Interest-bearing deposits$40,217
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $399
All other liabilities $3,990
Total equity capital$3,990
Total bank equity capital$3,990
Perpetual preferred stock$0
Common stock$350
Surplus$700
Undivided profits $2,940
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $168
Earning assets $0
Long-term assets (5+ years) $270
Average Assets, year-to-date $42,386
Average Assets, quarterly $20,296
Volatile liabilities $43,264
Insider loans $44,308
FHLB advances $25,066
Loans and leases held for sale $43,919
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,786
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $791
Derivatives$152
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,812
Total interest expense $466
Net interest income $1,346
Provision for loan and lease losses $75
Total noninterest income $358
Fiduciary activities $0
Service charges on deposit accounts $126
Trading account gains & fees $0
Additional noninterest income $232
Total noninterest expense $1,154
Salaries and employee benefits $576
Premises and equipment expense $187
Additional noninterest expense $391
Pre-tax net operating income $475
Securities gains (losses) $64
Applicable income taxes $196
Income before extraordinary items $343
Extraordinary gains - net $0
Net income attributable to bank $343
Net charge-offs $0
Cash dividends $343
Sale, conversion, retirement of capital stock, net $52
Net operating income $87
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.42%
Cost of funding earning assets 1.14%
Net interest margin 3.29%
Noninterest income to earning assets 0.87%
Noninterest expense to earning assets 2.82%
Net operating income to assets 0.70%
Return on assets (ROA) 0.79%
Pretax return on assets 1.25%
Return on equity (ROE) 8.97%
Retained earnings to average equity (YTD only) 6.69%
Net charge-offs to loans 0.22%
Credit loss provision to net charge-offs 144.23%
Efficiency ratio10.58%
Assets per employee$67,723
Cash dividends to net income (YTD only)3.72%
Condition Ratios (%)
Loss allowance to loans 25.36%
Loss allowance to noncurrent loans 0.76%
Noncurrent assets plus other real estate owned to assets 114.29%
Noncurrent loans to loans 0.38%
Net loans and leases to deposits0.67%
Net loans and leases to core deposits 62.27%
Equity capital to assets 62.68%
Core capital (leverage) ratio 8.94%
Tier 1 risk-based capital ratio 8.62%
Total risk-based capital ratio 15.10%
Memoranda
Average assets$16
Average earning assets$43,264
Average equity $3,825
Average loans $40,967
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2 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
013590Midland Community Bank112 Market Street, Kincaid, IL 62540March 29, 1968Full Service Brick and Mortar
1249552Taylorville FacilityState Route 104, Rural Route 2, Taylorville, IL 62568November 21, 1984Full Service Brick and Mortar
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