FDIC Certificate #: 5747 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Farmers State Bank of Somonauk (#10083) Federal Reserve ID: 892849 Date Established: January 01, 1921 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) OTS Docket #: 15389 FDIC's unique #: 3919 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 18, 2001 Last Structure Change Process Date: July 02, 2001 Last Data Update: July 02, 2001 Data Source Date: April 05, 2012
Location
Address: Route 71 And Union Street, Newark, IL 60541 County: Kendall Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Chicago Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Chicago, IL (#1600) Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14) Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176) Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980) CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980) Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
Financial Summary
Total assets: $31.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
11Total employees (full-time equivalent)
$32,126Total assets
$1,626Cash and due from depository institutions
$37Interest-bearing balances
$11,300Securities
$200Federal funds sold & reverse repurchase agreements
$17,713Net loans & leases
$107Loan loss allowance
$0Trading account assets
$769Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$518All other assets
$32,126Total liabilities and capital
$29,574Total liabilities
$27,994Total deposits
$24,329Interest-bearing deposits
$27,994Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,303Other borrowed funds
$0Subordinated debt
$277All other liabilities
$2,552Total equity capital
$2,552Total bank equity capital
$2,552Perpetual preferred stock
$0Common stock
$225Surplus
$575Undivided profits
Memoranda
$1,752Noncurrent loans and leases
$1,280Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$16Earning assets
$0Long-term assets (5+ years)
$278Average Assets, year-to-date
$29,250Average Assets, quarterly
$7,938Volatile liabilities
$31,129Insider loans
$32,062FHLB advances
$4,981Loans and leases held for sale
$200Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,280Total unused commitments
$0Restructured Loans and leases
$107Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$2,275Total interest income
$1,103Total interest expense
$1,172Net interest income
$24Provision for loan and lease losses
$119Total noninterest income
$0Fiduciary activities
$81Service charges on deposit accounts
$0Trading account gains & fees
$38Additional noninterest income
$911Total noninterest expense
$493Salaries and employee benefits
$222Premises and equipment expense
$196Additional noninterest expense
$356Pre-tax net operating income
-$13Securities gains (losses)
$107Applicable income taxes
$236Income before extraordinary items
$0Extraordinary gains - net
$236Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$6Sale, conversion, retirement of capital stock, net
$100Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.00%Yield on earning assets
3.88%Cost of funding earning assets
4.12%Net interest margin
0.42%Noninterest income to earning assets
3.20%Noninterest expense to earning assets
0.79%Net operating income to assets
0.76%Return on assets (ROA)
1.10%Pretax return on assets
10.26%Return on equity (ROE)
5.91%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
400.00%Credit loss provision to net charge-offs
63.33%Efficiency ratio
70,565Assets per employee
2.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.37%Loss allowance to loans
0.60%Loss allowance to noncurrent loans
668.75%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.09%Net loans and leases to deposits
63.27%Net loans and leases to core deposits
72.85%Equity capital to assets
7.94%Core capital (leverage) ratio
8.12%Tier 1 risk-based capital ratio
13.81%Total risk-based capital ratio
Memoranda
$14Average assets
$31,129Average earning assets
$2,301Average equity
$28,446Average loans
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