Palmer Bank in Taylorville, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 2011

Palmer Bank - Overview

  • General
  • FDIC Certificate #: 12103
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CNB Bank and Trust, N.A. (#3775)
    Federal Reserve ID: 26149
    Date Established: June 12, 1912
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 7689
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 16, 2011
    Last Structure Change Process Date: July 20, 2011
    Last Data Update: July 20, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 620 North Webster, Taylorville, IL 62568
    County: Christian
    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): Taylorville, IL (#45380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $95.0 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, 2010)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $93,434Total assets
  • $5,593Cash and due from depository institutions
  • $0Interest-bearing balances
  • $34,271Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $45,676Net loans & leases
  • $741Loan loss allowance
  • $0Trading account assets
  • $4,464Bank premises and fixed assets
  • $78Other real estate owned
  • $1,377Goodwill and other intangibles
  • $0Life insurance assets
  • $1,975All other assets
  • $93,434Total liabilities and capital
  • $86,146Total liabilities
  • $83,926Total deposits
  • $74,998Interest-bearing deposits
  • $83,926Deposits held in domestic offices
  • 96.47%% insured (estimated)
  • $1,097Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,123All other liabilities
  • $7,288Total equity capital
  • $7,288Total bank equity capital
  • $7,288Perpetual preferred stock
  • $0Common stock
  • $94Surplus
  • $5,190Undivided profits
  • Memoranda
  • $2,004Noncurrent loans and leases
  • $4,607Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,293Earning assets
  • $0Long-term assets (5+ years)
  • $501Average Assets, year-to-date
  • $79,947Average Assets, quarterly
  • $31,523Volatile liabilities
  • $85,970Insider loans
  • $92,012FHLB advances
  • $25,687Loans and leases held for sale
  • $1,083Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,607Total unused commitments
  • $0Restructured Loans and leases
  • $741Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $3,935Total interest income
  • $1,208Total interest expense
  • $2,727Net interest income
  • $482Provision for loan and lease losses
  • $423Total noninterest income
  • $0Fiduciary activities
  • $177Service charges on deposit accounts
  • $0Trading account gains & fees
  • $246Additional noninterest income
  • $1,819Total noninterest expense
  • $987Salaries and employee benefits
  • $188Premises and equipment expense
  • $644Additional noninterest expense
  • $849Pre-tax net operating income
  • $0Securities gains (losses)
  • $231Applicable income taxes
  • $618Income before extraordinary items
  • $0Extraordinary gains - net
  • $618Net income attributable to bank
  • $0Net charge-offs
  • $618Cash dividends
  • $101Sale, conversion, retirement of capital stock, net
  • $160Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.23%Yield on earning assets
  • 1.60%Cost of funding earning assets
  • 3.62%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.42%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 8.58%Return on equity (ROE)
  • 6.36%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 477.23%Credit loss provision to net charge-offs
  • 13.18%Efficiency ratio
  • 57,746Assets per employee
  • 5.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.89%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 57.31%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 2.79%Net loans and leases to deposits
  • 54.42%Net loans and leases to core deposits
  • 76.98%Equity capital to assets
  • 7.80%Core capital (leverage) ratio
  • 6.16%Tier 1 risk-based capital ratio
  • 9.51%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $85,970Average earning assets
  • $7,200Average equity
  • $75,287Average loans

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