Palmer-American National Bank of Danville in Danville, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 04, 1999

  • Palmer-American National Bank of Danville in Danville, Illinois (IL)
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Palmer-American National Bank of Danville - Overview

  • General
  • FDIC Certificate #: 3646
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Old National Bank (#4393)
    Federal Reserve ID: 164733
    Date Established: April 15, 1892
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Interstate: No)
    OTS Docket #: 14323
    FDIC's unique #: 2327
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 04, 1999
    Last Structure Change Process Date: December 02, 1999
    Last Data Update: December 02, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 West Main Street, Danville, IL 61832
    County: Vermilion
    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
    Core Based Statistical Area (CBSA): Danville, IL (#19180)
    CBSA Metro Statistical Area: Danville, IL (#19180)
  • Financial Summary
  • Total assets: $314.0 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, 1998)

  • Dollar figures in thousands
  • 116Total employees (full-time equivalent)
  • $308,025Total assets
  • $8,660Cash and due from depository institutions
  • $99Interest-bearing balances
  • $95,609Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $192,743Net loans & leases
  • $3,138Loan loss allowance
  • $0Trading account assets
  • $3,493Bank premises and fixed assets
  • $277Other real estate owned
  • $2,170Goodwill and other intangibles
  • $0Life insurance assets
  • $5,073All other assets
  • $308,025Total liabilities and capital
  • $279,618Total liabilities
  • $262,563Total deposits
  • $232,950Interest-bearing deposits
  • $262,563Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $6,854Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,129Other borrowed funds
  • $0Subordinated debt
  • $2,072All other liabilities
  • $28,407Total equity capital
  • $28,407Total bank equity capital
  • $28,407Perpetual preferred stock
  • $0Common stock
  • $2,268Surplus
  • $8,520Undivided profits
  • Memoranda
  • $17,619Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,603Earning assets
  • $0Long-term assets (5+ years)
  • $1,981Average Assets, year-to-date
  • $288,451Average Assets, quarterly
  • $99,631Volatile liabilities
  • $301,861Insider loans
  • $305,718FHLB advances
  • $38,176Loans and leases held for sale
  • $10,781Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $28,552Total unused commitments
  • $0Restructured Loans and leases
  • $186,137Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $21,942Total interest income
  • $9,757Total interest expense
  • $12,185Net interest income
  • $1,115Provision for loan and lease losses
  • $2,347Total noninterest income
  • $385Fiduciary activities
  • $1,318Service charges on deposit accounts
  • $0Trading account gains & fees
  • $644Additional noninterest income
  • $8,378Total noninterest expense
  • $3,865Salaries and employee benefits
  • $1,204Premises and equipment expense
  • $3,309Additional noninterest expense
  • $5,039Pre-tax net operating income
  • -$4Securities gains (losses)
  • $1,581Applicable income taxes
  • $3,454Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,454Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $547Sale, conversion, retirement of capital stock, net
  • $4,886Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.90%Yield on earning assets
  • 3.51%Cost of funding earning assets
  • 4.39%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • 1.15%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 12.15%Return on equity (ROE)
  • -5.04%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 204.96%Credit loss provision to net charge-offs
  • 11.25%Efficiency ratio
  • 56,056Assets per employee
  • 2.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 141.46%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 195.76%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 73.41%Net loans and leases to core deposits
  • 83.13%Equity capital to assets
  • 9.22%Core capital (leverage) ratio
  • 8.11%Tier 1 risk-based capital ratio
  • 13.46%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $301,861Average earning assets
  • $28,436Average equity
  • $277,764Average loans

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