Mt. Erie State Bank in Mount Erie, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 15, 1998

  • Mt. Erie State Bank in Mount Erie, Illinois (IL)
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Mt. Erie State Bank - Overview

  • General
  • FDIC Certificate #: 10835
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank in Olney (#14567)
    Federal Reserve ID: 300045
    Date Established: January 01, 1912
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 6931
    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: May 15, 1998
    Last Structure Change Process Date: June 01, 1998
    Last Data Update: June 01, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Mount Erie, IL 62446
    County: Wayne
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Mount Vernon
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • Financial Summary
  • Total assets: $15.5 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
  • 7Total employees (full-time equivalent)
  • $15,563Total assets
  • $893Cash and due from depository institutions
  • $392Interest-bearing balances
  • $4,733Securities
  • $2,350Federal funds sold & reverse repurchase agreements
  • $7,296Net loans & leases
  • $160Loan loss allowance
  • $0Trading account assets
  • $97Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $194All other assets
  • $15,563Total liabilities and capital
  • $13,818Total liabilities
  • $13,583Total deposits
  • $12,606Interest-bearing deposits
  • $13,583Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $150Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $85All other liabilities
  • $1,745Total equity capital
  • $1,745Total bank equity capital
  • $1,745Perpetual preferred stock
  • $0Common stock
  • $360Surplus
  • $360Undivided profits
  • Memoranda
  • $1,025Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $104Earning assets
  • $0Long-term assets (5+ years)
  • $126Average Assets, year-to-date
  • $14,771Average Assets, quarterly
  • $2,219Volatile liabilities
  • $15,451Insider loans
  • $15,422FHLB advances
  • $2,013Loans and leases held for sale
  • $97Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $636Total unused commitments
  • $0Restructured Loans and leases
  • $8,434Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $1,134Total interest income
  • $617Total interest expense
  • $517Net interest income
  • $0Provision for loan and lease losses
  • $64Total noninterest income
  • $0Fiduciary activities
  • $53Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11Additional noninterest income
  • $388Total noninterest expense
  • $219Salaries and employee benefits
  • $23Premises and equipment expense
  • $146Additional noninterest expense
  • $193Pre-tax net operating income
  • -$70Securities gains (losses)
  • $18Applicable income taxes
  • $105Income before extraordinary items
  • $0Extraordinary gains - net
  • $105Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$45Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.71%Yield on earning assets
  • 4.20%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.64%Noninterest expense to earning assets
  • 1.06%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 0.80%Pretax return on assets
  • 6.37%Return on equity (ROE)
  • 6.37%Retained earnings to average equity (YTD only)
  • -0.60%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,781Assets per employee
  • 2.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.15%Loss allowance to noncurrent loans
  • 153.85%Noncurrent assets plus other real estate owned to assets
  • 0.67%Noncurrent loans to loans
  • 1.39%Net loans and leases to deposits
  • 53.71%Net loans and leases to core deposits
  • 62.25%Equity capital to assets
  • 11.21%Core capital (leverage) ratio
  • 11.09%Tier 1 risk-based capital ratio
  • 20.87%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $15,451Average earning assets
  • $1,647Average equity
  • $14,703Average loans

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