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

This bank is inactive as of July 16, 2011

Palmer Bank in Taylorville, Illinois (IL)
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Palmer Bank routing number info

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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