Preferred Bank in Casey, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Preferred Bank - Overview

  • General
  • FDIC Certificate #: 34900
    Status: Active
    Federal Reserve ID: 2811086
    Bank Holding Company (Regulatory Top Holder): Preferred Bancorp, Inc. (RSSDID: 2939319, Location: Casey, IL)
    Date Established: July 19, 1999
    WWW: http://www.preferred-bank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 61963
    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: July 19, 1999
    Last Structure Change Effective Date: April 03, 2006
    Last Structure Change Process Date: January 16, 2007
    Last Data Update: January 16, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 602 North Route 49, Casey, IL 62420
    County: Clark
    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
  • Financial Summary
  • Total assets: $51.6 mil
    Equity capital: $4.6 mil
    Deposits held in domestic offices: $46.8 mil
    Return on assets (ROA): 0.50% ($0.3 mil)
    Quarterly return on assets: 0.65% ($0.3 mil)
    Return on Equity (ROE): 5.81% ($0.3 mil)
    Quarterly return on equity: 7.20% ($0.4 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.49% ($253.1 mil)
    Quarterly Pretax return on assets: 0.64% ($330.6 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
  • 14Total employees (full-time equivalent)
  • $51,649Total assets
  • $2,463Cash and due from depository institutions
  • $499Interest-bearing balances
  • $15,021Securities
  • $1,819Federal funds sold & reverse repurchase agreements
  • $28,178Net loans & leases
  • $626Loan loss allowance
  • $0Trading account assets
  • $1,007Bank premises and fixed assets
  • $988Other real estate owned
  • $0Goodwill and other intangibles
  • $51,649Life insurance assets
  • $2,173All other assets
  • $47,012Total liabilities and capital
  • $46,812Total liabilities
  • $43,451Total deposits
  • $46,812Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $200Subordinated debt
  • $4,637All other liabilities
  • $4,637Total equity capital
  • $4,637Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $4,140Surplus
  • $-103Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $354Income earned, not collected on loans
  • $0Earning assets
  • $199Long-term assets (5+ years)
  • $45,517Average Assets, year-to-date
  • $12,531Average Assets, quarterly
  • $51,907Volatile liabilities
  • $50,897Insider loans
  • $32,623FHLB advances
  • $51,201Loans and leases held for sale
  • $1,139Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,564Tier 2 risk-based capital
  • $1,139Total risk weighted assets
  • $0Total unused commitments
  • $2,285Restructured Loans and leases
  • $1,536Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,501Total interest income
  • $876Total interest expense
  • $1,625Net interest income
  • $119Provision for loan and lease losses
  • $121Total noninterest income
  • $0Fiduciary activities
  • $62Service charges on deposit accounts
  • $0Trading account gains & fees
  • $59Additional noninterest income
  • $1,374Total noninterest expense
  • $617Salaries and employee benefits
  • $167Premises and equipment expense
  • $590Additional noninterest expense
  • $253Pre-tax net operating income
  • $1Securities gains (losses)
  • -$8Applicable income taxes
  • $262Income before extraordinary items
  • $0Extraordinary gains - net
  • $262Net income attributable to bank
  • $0Net charge-offs
  • $262Cash dividends
  • $40Sale, conversion, retirement of capital stock, net
  • $43Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.32%Yield on earning assets
  • 1.86%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.92%Noninterest expense to earning assets
  • 0.50%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.49%Pretax return on assets
  • 5.81%Return on equity (ROE)
  • 4.86%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 297.50%Credit loss provision to net charge-offs
  • 9.30%Efficiency ratio
  • 78,694Assets per employee
  • 3.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 16.41%Loss allowance to loans
  • 2.17%Loss allowance to noncurrent loans
  • 176.84%Noncurrent assets plus other real estate owned to assets
  • 2.60%Noncurrent loans to loans
  • 1.23%Net loans and leases to deposits
  • 60.19%Net loans and leases to core deposits
  • 60.85%Equity capital to assets
  • 8.98%Core capital (leverage) ratio
  • 8.91%Tier 1 risk-based capital ratio
  • 13.99%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $51,907Average earning assets
  • $4,509Average equity
  • $47,036Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061963Preferred Bank602 North Route 49, Casey, IL 62420July 19, 1999Full Service Brick and Mortar

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