Minonk State Bank in Minonk, Illinois (IL)

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Minonk State Bank
GeneralFDIC Certificate #: 12397
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Alpha Community Bank (#10790)
Federal Reserve ID: 953441
Date Established: January 01, 1917
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 14202
FDIC's unique #: 7885
Numeric code: 21
Regulator: FDIC
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: July 01, 1998
Last Structure Change Process Date: July 10, 1998
Last Data Update: July 10, 1998
Data Source Date: April 05, 2012
LocationAddress: 137 West 5th Street, Minonk, IL 61760
County: Woodford
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
Metropolitan Statistical Area (MSA): Peoria-Pekin, IL (#6120)
Combined Statistical Area (CSA): Peoria-Canton, IL (#426)
Core Based Statistical Area (CBSA): Peoria, IL (#37900)
CBSA Metro Statistical Area: Peoria, IL (#37900)
Financial SummaryTotal assets: $51.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)16
Total assets$49,147
Cash and due from depository institutions$1,211
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$1,129
Net loans & leases$30,344
Loan loss allowance $272
Trading account assets$0
Bank premises and fixed assets$520
Other real estate owned$229
Goodwill and other intangibles$0
All other assets$1,797
Life insurance assets$0
Total liabilities and capital$49,147
Total liabilities$44,933
Total deposits$43,309
Interest-bearing deposits$39,311
Deposits held in domestic offices$43,309
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $1,128
Trading liabilities$0
Other borrowed funds $241
Subordinated debt $0
All other liabilities $255
Total equity capital$4,214
Total bank equity capital$4,214
Perpetual preferred stock$4,214
Common stock$0
Undivided profits $900
Noncurrent loans and leases $2,964
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $669
Long-term assets (5+ years) $249
Average Assets, year-to-date $545
Average Assets, quarterly $45,390
Volatile liabilities $9,920
Insider loans $47,981
FHLB advances $49,937
Loans and leases held for sale $8,114
Unused loan commitments $72
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $3,966
Restructured Loans and leases $0
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $3,653
Total interest expense $1,830
Net interest income $1,823
Provision for loan and lease losses $357
Total noninterest income $258
Fiduciary activities $0
Service charges on deposit accounts $84
Trading account gains & fees $0
Additional noninterest income $174
Total noninterest expense $1,139
Salaries and employee benefits $563
Premises and equipment expense $131
Additional noninterest expense $445
Pre-tax net operating income $585
Securities gains (losses) $10
Applicable income taxes $171
Income before extraordinary items $424
Extraordinary gains - net $0
Net income attributable to bank $424
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $318
Net operating income $271
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.28%
Cost of funding earning assets 4.15%
Net interest margin 4.13%
Noninterest income to earning assets 0.59%
Noninterest expense to earning assets 2.58%
Net operating income to assets 0.87%
Return on assets (ROA) 0.88%
Pretax return on assets 1.24%
Return on equity (ROE) 10.09%
Retained earnings to average equity (YTD only) 3.64%
Net charge-offs to loans 1.09%
Credit loss provision to net charge-offs 112.26%
Efficiency ratio2.96%
Assets per employee$54,733
Cash dividends to net income (YTD only)3.07%
Condition Ratios (%)
Loss allowance to loans 63.92%
Loss allowance to noncurrent loans 0.89%
Noncurrent assets plus other real estate owned to assets 40.66%
Noncurrent loans to loans 1.83%
Net loans and leases to deposits2.19%
Net loans and leases to core deposits 70.06%
Equity capital to assets 82.99%
Core capital (leverage) ratio 8.57%
Tier 1 risk-based capital ratio 8.31%
Total risk-based capital ratio 12.05%
Average assets$13
Average earning assets$47,981
Average equity $4,203
Average loans $44,096
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