North Adams State Bank in Ursa, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

North Adams State Bank - Overview

  • General
  • FDIC Certificate #: 23244
    Status: Active
    Federal Reserve ID: 258146
    Bank Holding Company (Regulatory Top Holder): North Adams Bancshares, Inc. (RSSDID: 1134171, Location: Ursa, IL)
    Date Established: November 10, 1980
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 16291
    Numeric code: 21
    Regulator: FDIC
    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: November 10, 1980
    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: 114 North Warsaw Street, Ursa, IL 62376
    County: Adams
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Springfield Il
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Quincy, IL-MO (#39500)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $32.2 mil
    Equity capital: $3.8 mil
    Deposits held in domestic offices: $28.1 mil
    Return on assets (ROA): 0.68% ($0.2 mil)
    Quarterly return on assets: 0.49% ($0.2 mil)
    Return on Equity (ROE): 6.03% ($0.2 mil)
    Quarterly return on equity: 4.28% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.94% ($302.9 mil)
    Quarterly Pretax return on assets: 0.82% ($264.3 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
  • 13Total employees (full-time equivalent)
  • $32,227Total assets
  • $5,051Cash and due from depository institutions
  • $1,638Interest-bearing balances
  • $6,995Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $19,167Net loans & leases
  • $251Loan loss allowance
  • $0Trading account assets
  • $56Bank premises and fixed assets
  • $56Other real estate owned
  • $167Goodwill and other intangibles
  • $32,226Life insurance assets
  • $735All other assets
  • $28,469Total liabilities and capital
  • $28,079Total liabilities
  • $22,462Total deposits
  • $28,079Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $300Trading liabilities
  • $0Other borrowed funds
  • $90Subordinated debt
  • $3,757All other liabilities
  • $3,757Total equity capital
  • $3,757Total bank equity capital
  • $0Perpetual preferred stock
  • $270Common stock
  • $270Surplus
  • $3,217Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $238Income earned, not collected on loans
  • $0Earning assets
  • $267Long-term assets (5+ years)
  • $27,800Average Assets, year-to-date
  • $6,416Average Assets, quarterly
  • $32,325Volatile liabilities
  • $32,820Insider loans
  • $16,611FHLB advances
  • $33,245Loans and leases held for sale
  • $330Unused loan commitments
  • $330Tier 1 (core) risk-based capital
  • $3,467Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,161Restructured Loans and leases
  • $717Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,381Total interest income
  • $229Total interest expense
  • $1,152Net interest income
  • $21Provision for loan and lease losses
  • $184Total noninterest income
  • $0Fiduciary activities
  • $124Service charges on deposit accounts
  • $0Trading account gains & fees
  • $60Additional noninterest income
  • $1,012Total noninterest expense
  • $599Salaries and employee benefits
  • $128Premises and equipment expense
  • $285Additional noninterest expense
  • $303Pre-tax net operating income
  • $0Securities gains (losses)
  • $84Applicable income taxes
  • $219Income before extraordinary items
  • $0Extraordinary gains - net
  • $219Net income attributable to bank
  • $0Net charge-offs
  • $219Cash dividends
  • $24Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.07%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 4.23%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 3.71%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 6.03%Return on equity (ROE)
  • 6.03%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 87.50%Credit loss provision to net charge-offs
  • 13.50%Efficiency ratio
  • 75,749Assets per employee
  • 2.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 105.46%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 1.23%Net loans and leases to deposits
  • 68.26%Net loans and leases to core deposits
  • 70.20%Equity capital to assets
  • 11.66%Core capital (leverage) ratio
  • 10.43%Tier 1 risk-based capital ratio
  • 20.87%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $32,325Average earning assets
  • $3,632Average equity
  • $27,244Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016291North Adams State Bank114 North Warsaw Street, Ursa, IL 62376November 10, 1980Full Service Brick and Mortar
    2226347Camp Point Branch213 West Wood, Camp Point, IL 62320July 25, 1994Full Service Brick and Mortar

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