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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Palmer-American National Bank of Danville.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents