Milford Building and Loan Association in Milford, Illinois (IL)



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Milford Building and Loan Association
GeneralFDIC Certificate #: 30152
Status: Active
Federal Reserve ID: 994770
Date Established: January 01, 1883
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 4853
FDIC's unique #: 42986
Numeric code: 36
Regulator: FDIC
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: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: September 05, 1961
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
LocationAddress: 131 East Jones St., Milford, IL 60953
County: Iroquois
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Champaign
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $25.8 mil
Equity capital: $1.7 mil
Deposits held in domestic offices: $23.1 mil
Return on assets (ROA): 0.50% ($0.1 mil)
Quarterly return on assets: -0.41% (-$0.1 mil)
Return on Equity (ROE): 7.29% ($0.1 mil)
Quarterly return on equity: -5.94% (-$0.1 mil)
Net income: $0.1 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: 0.73% ($188.7 mil)
Quarterly Pretax return on assets: -0.30% (-$77.5 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)3
Total assets$25,846
Cash and due from depository institutions$7,918
Interest-bearing balances$7,740
Securities$40
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$16,901
Loan loss allowance $151
Trading account assets$0
Bank premises and fixed assets$113
Other real estate owned$529
Goodwill and other intangibles$0
All other assets$345
Life insurance assets$25,846
Total liabilities and capital$24,108
Total liabilities$23,055
Total deposits$23,055
Interest-bearing deposits$23,055
Deposits held in domestic offices$99
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,000
Other borrowed funds $0
Subordinated debt $53
All other liabilities $1,738
Total equity capital$1,738
Total bank equity capital$1,738
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $1,738
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 $658
Earning assets $0
Long-term assets (5+ years) $133
Average Assets, year-to-date $24,681
Average Assets, quarterly $0
Volatile liabilities $25,001
Insider loans $25,628
FHLB advances $12,104
Loans and leases held for sale $25,846
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $1,738
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,085
Derivatives$176
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,021
Total interest expense $320
Net interest income $701
Provision for loan and lease losses $122
Total noninterest income $10
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $10
Total noninterest expense $406
Salaries and employee benefits $235
Premises and equipment expense $12
Additional noninterest expense $159
Pre-tax net operating income $183
Securities gains (losses) $0
Applicable income taxes $59
Income before extraordinary items $124
Extraordinary gains - net $0
Net income attributable to bank $124
Net charge-offs $0
Cash dividends $124
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.20%
Cost of funding earning assets 1.32%
Net interest margin 2.89%
Noninterest income to earning assets 0.04%
Noninterest expense to earning assets 1.67%
Net operating income to assets 0.50%
Return on assets (ROA) 0.50%
Pretax return on assets 0.73%
Return on equity (ROE) 7.29%
Retained earnings to average equity (YTD only) 7.29%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$57,103
Cash dividends to net income (YTD only)8.62%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.89%
Noncurrent assets plus other real estate owned to assets 22.95%
Noncurrent loans to loans 4.59%
Net loans and leases to deposits3.86%
Net loans and leases to core deposits 73.31%
Equity capital to assets 81.28%
Core capital (leverage) ratio 6.72%
Tier 1 risk-based capital ratio 6.72%
Total risk-based capital ratio 14.36%
Memoranda
Average assets$16
Average earning assets$25,001
Average equity $1,701
Average loans $24,287
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1 Illinois Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042986Milford Building And Loan Associatio131 East Jones St., Milford, IL 60953January 01, 1883Full Service Brick and Mortar
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