Midwest Bank of Western Illinois in Monmouth, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Midwest Bank of Western Illinois - Overview

  • General
  • FDIC Certificate #: 3711
    Status: Active
    Federal Reserve ID: 709143
    Bank Holding Company (Regulatory Top Holder): Western Illinois Bancshares, Inc. (RSSDID: 3356632, Location: Monmouth, IL)
    Date Established: September 09, 1870
    WWW: http://www.mbwi.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 13691
    FDIC's unique #: 2377
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    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
  • Location
  • Address: 200 East Broadway, Monmouth, IL 61462
    County: Warren
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Galesburg, IL (#23660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $417.7 mil
    Equity capital: $48.6 mil
    Deposits held in domestic offices: $312.3 mil
    Return on assets (ROA): 0.89% ($3.7 mil)
    Quarterly return on assets: 1.02% ($4.3 mil)
    Return on Equity (ROE): 7.72% ($3.8 mil)
    Quarterly return on equity: 8.82% ($4.3 mil)
    Net income: $3.6 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.30% ($5,429.7 mil)
    Quarterly Pretax return on assets: 1.52% ($6,348.6 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
  • 89Total employees (full-time equivalent)
  • $417,673Total assets
  • $16,433Cash and due from depository institutions
  • $3,979Interest-bearing balances
  • $152,568Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $208,615Net loans & leases
  • $3,247Loan loss allowance
  • $0Trading account assets
  • $7,393Bank premises and fixed assets
  • $1,925Other real estate owned
  • $13,374Goodwill and other intangibles
  • $417,673Life insurance assets
  • $17,365All other assets
  • $369,058Total liabilities and capital
  • $312,290Total liabilities
  • $283,759Total deposits
  • $312,290Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 23891.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,000Trading liabilities
  • $0Other borrowed funds
  • $2,877Subordinated debt
  • $48,615All other liabilities
  • $48,615Total equity capital
  • $48,615Total bank equity capital
  • $0Perpetual preferred stock
  • $1,600Common stock
  • $40,725Surplus
  • $6,290Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $165Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,247Income earned, not collected on loans
  • $0Earning assets
  • $3,463Long-term assets (5+ years)
  • $365,162Average Assets, year-to-date
  • $144,669Average Assets, quarterly
  • $402,911Volatile liabilities
  • $412,190Insider loans
  • $250,275FHLB advances
  • $395,903Loans and leases held for sale
  • $8,304Unused loan commitments
  • $5,947Tier 1 (core) risk-based capital
  • $33,632Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,357Total unused commitments
  • $58,945Restructured Loans and leases
  • $12,337Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,351Total interest income
  • $4,332Total interest expense
  • $12,019Net interest income
  • $1,430Provision for loan and lease losses
  • $3,226Total noninterest income
  • $271Fiduciary activities
  • $995Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,960Additional noninterest income
  • $9,177Total noninterest expense
  • $5,222Salaries and employee benefits
  • $1,426Premises and equipment expense
  • $2,529Additional noninterest expense
  • $4,638Pre-tax net operating income
  • $590Securities gains (losses)
  • $1,658Applicable income taxes
  • $3,570Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,570Net income attributable to bank
  • $0Net charge-offs
  • $3,570Cash dividends
  • $2,088Sale, conversion, retirement of capital stock, net
  • $1,150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 2.59%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.30%Pretax return on assets
  • 7.72%Return on equity (ROE)
  • 5.23%Retained earnings to average equity (YTD only)
  • 1.00%Net charge-offs to loans
  • 68.49%Credit loss provision to net charge-offs
  • 2.91%Efficiency ratio
  • 60,197Assets per employee
  • 4.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.21%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 260.38%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 66.80%Net loans and leases to core deposits
  • 73.07%Equity capital to assets
  • 11.64%Core capital (leverage) ratio
  • 8.50%Tier 1 risk-based capital ratio
  • 13.44%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $402,911Average earning assets
  • $46,249Average equity
  • $354,887Average 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
  • $73,320Managed Assets
  • 1Number of Accounts
  • $64,861Personal trust and agency accounts
  • $48,821Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $2,165Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $13,875Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 162Number of Accounts
  • $0Personal trust and agency accounts
  • $2,165Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8,459Other retirement accounts
  • $3,931Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,227Fiduciary accounts held in foreign offices

List of branches

  • 8 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02377Midwest Bank Of Western Illinois200 East Broadway, Monmouth, IL 61462September 09, 1870Full Service Brick and Mortar
    2201782The Village Banking Center Facility106 South Kirk Street, Kirkwood, IL 61447June 12, 1982Limited Service Facility
    36952Oquawka Banking CenterSixth And Schuyler Streets, Oquawka, IL 61469January 01, 1919Full Service Brick and Mortar
    4201783Galesburg Banking Center Branch612 West Main Street, Galesburg, IL 61401August 01, 1996Full Service Brick and Mortar
    5278222Mercer County Banking Center104 Southeast Third Avenue, Aledo, IL 61231January 01, 1882Full Service Brick and Mortar
    6361372County Market Banking Center Branch1120 North 6th Street, Monmouth, IL 61462January 02, 2001Limited Service Facility
    7478305Seminary Banking Center Branch2558 North Seminary St, Galesburg, IL 61401March 03, 2008Full Service Brick and Mortar
    8490042Sixth Street Branch1150 North 6th Street, Suite A, Monmouth, IL 61462April 06, 2009Full Service Brick and Mortar

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