Prairie Community Bank in Marengo, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Prairie Community Bank - Overview

  • General
  • FDIC Certificate #: 34526
    Status: Active
    Federal Reserve ID: 2598396
    Bank Holding Company (Regulatory Top Holder): Marengo Bancshares, Inc. (RSSDID: 2598378, Location: Marengo, IL)
    Date Established: April 02, 1998
    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 #: 59033
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 02, 1998
    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: 800 West Grant Highway, Marengo, IL 60152
    County: Mchenry
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $123.7 mil
    Equity capital: $11.0 mil
    Deposits held in domestic offices: $106.5 mil
    Return on assets (ROA): -2.02% (-$2.5 mil)
    Quarterly return on assets: -5.80% (-$7.2 mil)
    Return on Equity (ROE): -21.06% (-$2.3 mil)
    Quarterly return on equity: -60.98% (-$6.7 mil)
    Net income: -$2.7 mil
    Quarterly Net income: -$1.8 mil
    Pretax return on assets: -1.33% (-$1,645.3 mil)
    Quarterly Pretax return on assets: -1.30% (-$1,608.2 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
  • 28Total employees (full-time equivalent)
  • $123,709Total assets
  • $12,284Cash and due from depository institutions
  • $11,734Interest-bearing balances
  • $12,804Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $90,540Net loans & leases
  • $3,171Loan loss allowance
  • $0Trading account assets
  • $3,948Bank premises and fixed assets
  • $2,380Other real estate owned
  • $64Goodwill and other intangibles
  • $123,708Life insurance assets
  • $1,689All other assets
  • $112,661Total liabilities and capital
  • $106,476Total liabilities
  • $93,259Total deposits
  • $106,476Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,500Trading liabilities
  • $0Other borrowed funds
  • $685Subordinated debt
  • $11,047All other liabilities
  • $11,047Total equity capital
  • $11,047Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $12,164Surplus
  • $-1,417Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $136Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,191Income earned, not collected on loans
  • $0Earning assets
  • $479Long-term assets (5+ years)
  • $115,078Average Assets, year-to-date
  • $19,304Average Assets, quarterly
  • $131,343Volatile liabilities
  • $125,684Insider loans
  • $89,202FHLB advances
  • $126,873Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,736Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,460Restructured Loans and leases
  • $1,511Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,048Total interest income
  • $1,610Total interest expense
  • $4,438Net interest income
  • $2,589Provision for loan and lease losses
  • -$10Total noninterest income
  • $0Fiduciary activities
  • $306Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$316Additional noninterest income
  • $3,573Total noninterest expense
  • $1,441Salaries and employee benefits
  • $309Premises and equipment expense
  • $1,823Additional noninterest expense
  • -$1,734Pre-tax net operating income
  • -$7Securities gains (losses)
  • $914Applicable income taxes
  • -$2,655Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,655Net income attributable to bank
  • $0Net charge-offs
  • -$2,655Cash dividends
  • $2,798Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 3.67%Net interest margin
  • -0.01%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • -2.02%Net operating income to assets
  • -2.02%Return on assets (ROA)
  • -1.33%Pretax return on assets
  • -21.06%Return on equity (ROE)
  • -21.06%Retained earnings to average equity (YTD only)
  • 2.78%Net charge-offs to loans
  • 92.53%Credit loss provision to net charge-offs
  • 0.31%Efficiency ratio
  • 80,691Assets per employee
  • 4.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.38%Loss allowance to noncurrent loans
  • 31.12%Noncurrent assets plus other real estate owned to assets
  • 10.16%Noncurrent loans to loans
  • 10.87%Net loans and leases to deposits
  • 85.03%Net loans and leases to core deposits
  • 91.83%Equity capital to assets
  • 8.93%Core capital (leverage) ratio
  • 8.46%Tier 1 risk-based capital ratio
  • 12.04%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $131,343Average earning assets
  • $12,609Average equity
  • $121,059Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    059033Prairie Community Bank800 West Grant Highway, Marengo, IL 60152April 02, 1998Full Service Brick and Mortar
    1451895Jefferson Street Branch18001 Jefferson Street, Union, IL 60180June 12, 2006Full Service Brick and Mortar

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