Riverside Community Bank in Rockford, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Riverside Community Bank - Overview

  • General
  • FDIC Certificate #: 34076
    Status: Active
    Federal Reserve ID: 2339900
    Bank Holding Company (Regulatory Top Holder): Heartland Financial Usa, Inc. (RSSDID: 1206546, Location: Dubuque, IA)
    Date Established: October 16, 1995
    WWW: http://www.riversidecommunity.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 56213
    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: October 16, 1995
    Last Structure Change Effective Date: December 04, 2008
    Last Structure Change Process Date: March 04, 2009
    Last Data Update: March 04, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 6855 East Riverside Boulevard, Rockford, IL 61111
    County: Winnebago
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Rockford, IL (#6880)
    Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
    Core Based Statistical Area (CBSA): Rockford, IL (#40420)
    CBSA Metro Statistical Area: Rockford, IL (#40420)
  • Financial Summary
  • Total assets: $318.9 mil
    Equity capital: $26.4 mil
    Deposits held in domestic offices: $264.7 mil
    Return on assets (ROA): 0.39% ($1.2 mil)
    Quarterly return on assets: 1.01% ($3.2 mil)
    Return on Equity (ROE): 4.73% ($1.2 mil)
    Quarterly return on equity: 12.14% ($3.2 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 0.42% ($1,339.3 mil)
    Quarterly Pretax return on assets: 1.38% ($4,400.7 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
  • 58Total employees (full-time equivalent)
  • $318,892Total assets
  • $7,249Cash and due from depository institutions
  • $382Interest-bearing balances
  • $132,181Securities
  • $6,150Federal funds sold & reverse repurchase agreements
  • $154,123Net loans & leases
  • $2,836Loan loss allowance
  • $0Trading account assets
  • $6,598Bank premises and fixed assets
  • $3,490Other real estate owned
  • $6Goodwill and other intangibles
  • $318,892Life insurance assets
  • $9,095All other assets
  • $292,461Total liabilities and capital
  • $264,700Total liabilities
  • $208,498Total deposits
  • $264,700Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 16681.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $1,080Subordinated debt
  • $26,431All other liabilities
  • $26,431Total equity capital
  • $26,431Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $16,050Surplus
  • $9,381Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,825Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,728Income earned, not collected on loans
  • $514Earning assets
  • $1,236Long-term assets (5+ years)
  • $292,836Average Assets, year-to-date
  • $84,336Average Assets, quarterly
  • $310,103Volatile liabilities
  • $317,919Insider loans
  • $199,779FHLB advances
  • $323,038Loans and leases held for sale
  • $3,838Unused loan commitments
  • $45Tier 1 (core) risk-based capital
  • $25,134Tier 2 risk-based capital
  • $3,793Total risk weighted assets
  • $0Total unused commitments
  • $54,920Restructured Loans and leases
  • $6,574Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,867Total interest income
  • $2,563Total interest expense
  • $10,304Net interest income
  • $5,215Provision for loan and lease losses
  • $1,427Total noninterest income
  • $150Fiduciary activities
  • $859Service charges on deposit accounts
  • $0Trading account gains & fees
  • $418Additional noninterest income
  • $6,822Total noninterest expense
  • $3,725Salaries and employee benefits
  • $851Premises and equipment expense
  • $2,246Additional noninterest expense
  • -$306Pre-tax net operating income
  • $1,597Securities gains (losses)
  • $89Applicable income taxes
  • $1,202Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,202Net income attributable to bank
  • $0Net charge-offs
  • $1,202Cash dividends
  • $5,903Sale, conversion, retirement of capital stock, net
  • $250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.62%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • -0.09%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 4.73%Return on equity (ROE)
  • 3.74%Retained earnings to average equity (YTD only)
  • 3.71%Net charge-offs to loans
  • 88.34%Credit loss provision to net charge-offs
  • 0.83%Efficiency ratio
  • 58,154Assets per employee
  • 5.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.80%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 42.15%Noncurrent assets plus other real estate owned to assets
  • 3.20%Noncurrent loans to loans
  • 4.29%Net loans and leases to deposits
  • 58.23%Net loans and leases to core deposits
  • 61.87%Equity capital to assets
  • 8.29%Core capital (leverage) ratio
  • 7.78%Tier 1 risk-based capital ratio
  • 12.58%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $310,103Average earning assets
  • $25,430Average equity
  • $284,760Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $10,078Managed Assets
  • 1Number of Accounts
  • $10,078Personal trust and agency accounts
  • $5,348Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,725Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $3,005Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 35Number of Accounts
  • $0Personal trust and agency accounts
  • $1,725Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056213Riverside Community Bank6855 East Riverside Boulevard, Rockford, IL 61111October 16, 1995Full Service Brick and Mortar
    1290363Harrison Avenue Branch2625 Stowmarket Avenue, Rockford, IL 61109July 01, 1999Full Service Brick and Mortar
    2290364East State Street Branch4048 East State Street, Rockford, IL 61108March 01, 2000Full Service Brick and Mortar
    3442959Rt. 173 Banking Center Branch1515 West Lane Rd, Machesney Park, IL 61115Febuary 23, 2005Full Service Brick and Mortar

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