Raritan State Bank in Raritan, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Raritan State Bank - Overview

  • General
  • FDIC Certificate #: 10438
    Status: Active
    Federal Reserve ID: 749943
    Bank Holding Company (Regulatory Top Holder): Raritan State Bancorp, Inc. (RSSDID: 2267982, Location: Raritan, IL)
    Date Established: January 01, 1920
    WWW: http://www.raritanstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 6672
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 110 East Main Street, Raritan, IL 61471
    County: Henderson
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Burlington, IA-IL (#15460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $156.2 mil
    Equity capital: $13.8 mil
    Deposits held in domestic offices: $141.7 mil
    Return on assets (ROA): 0.80% ($1.2 mil)
    Quarterly return on assets: 0.73% ($1.1 mil)
    Return on Equity (ROE): 9.72% ($1.4 mil)
    Quarterly return on equity: 8.18% ($1.1 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.13% ($1,765.2 mil)
    Quarterly Pretax return on assets: 1.02% ($1,593.4 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
  • 33Total employees (full-time equivalent)
  • $156,212Total assets
  • $6,110Cash and due from depository institutions
  • $0Interest-bearing balances
  • $46,917Securities
  • $2,858Federal funds sold & reverse repurchase agreements
  • $94,948Net loans & leases
  • $771Loan loss allowance
  • $0Trading account assets
  • $2,739Bank premises and fixed assets
  • $128Other real estate owned
  • $0Goodwill and other intangibles
  • $156,212Life insurance assets
  • $2,512All other assets
  • $142,380Total liabilities and capital
  • $141,710Total liabilities
  • $123,677Total deposits
  • $141,710Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $670Subordinated debt
  • $13,832All other liabilities
  • $13,832Total equity capital
  • $13,832Total bank equity capital
  • $0Perpetual preferred stock
  • $560Common stock
  • $1,500Surplus
  • $11,772Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,888Income earned, not collected on loans
  • $0Earning assets
  • $2,050Long-term assets (5+ years)
  • $144,723Average Assets, year-to-date
  • $37,656Average Assets, quarterly
  • $156,952Volatile liabilities
  • $154,112Insider loans
  • $92,819FHLB advances
  • $158,820Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,227Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,419Restructured Loans and leases
  • $669Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,784Total interest income
  • $1,719Total interest expense
  • $5,065Net interest income
  • $424Provision for loan and lease losses
  • $358Total noninterest income
  • $0Fiduciary activities
  • $388Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$30Additional noninterest income
  • $3,210Total noninterest expense
  • $1,633Salaries and employee benefits
  • $592Premises and equipment expense
  • $985Additional noninterest expense
  • $1,789Pre-tax net operating income
  • -$8Securities gains (losses)
  • $529Applicable income taxes
  • $1,252Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,252Net income attributable to bank
  • $0Net charge-offs
  • $1,252Cash dividends
  • $508Sale, conversion, retirement of capital stock, net
  • $5Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.19%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 9.72%Return on equity (ROE)
  • 9.68%Retained earnings to average equity (YTD only)
  • 0.53%Net charge-offs to loans
  • 83.46%Credit loss provision to net charge-offs
  • 4.36%Efficiency ratio
  • 59,192Assets per employee
  • 4.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.40%Loss allowance to loans
  • 0.81%Loss allowance to noncurrent loans
  • 19.83%Noncurrent assets plus other real estate owned to assets
  • 2.57%Noncurrent loans to loans
  • 4.06%Net loans and leases to deposits
  • 67.00%Net loans and leases to core deposits
  • 67.89%Equity capital to assets
  • 8.85%Core capital (leverage) ratio
  • 8.33%Tier 1 risk-based capital ratio
  • 14.25%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $156,952Average earning assets
  • $12,886Average equity
  • $146,822Average loans

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06672Raritan State Bank110 East Main Street, Raritan, IL 61471January 01, 1920Full Service Brick and Mortar
    1477916Abingdon Banking Center Branch805 N Monroe St., Abingdon, IL 61410March 08, 1999Full Service Brick and Mortar
    2477917Bushnell Banking Center Branch360 S Green St, Bushnell, IL 61422October 09, 2007Full Service Brick and Mortar

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