FDIC Certificate #: 12398 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Vermilion Valley Bank (#11667) Federal Reserve ID: 751740 Date Established: July 01, 1920 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 7886 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 07, 2002 Last Structure Change Process Date: November 20, 2002 Last Data Update: November 20, 2002 Data Source Date: April 05, 2012
Location
Address: Green Street, Roberts, IL 60962 County: Ford 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 Core Based Statistical Area (CBSA): Champaign-Urbana, IL (#16580) CBSA Metro Statistical Area: Champaign-Urbana, IL (#16580)
Financial Summary
Total assets: $27.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
9Total employees (full-time equivalent)
$28,982Total assets
$1,147Cash and due from depository institutions
$0Interest-bearing balances
$6,201Securities
$4,185Federal funds sold & reverse repurchase agreements
$16,759Net loans & leases
$165Loan loss allowance
$0Trading account assets
$90Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$600All other assets
$28,982Total liabilities and capital
$26,192Total liabilities
$26,079Total deposits
$23,297Interest-bearing deposits
$26,079Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$113All other liabilities
$2,790Total equity capital
$2,790Total bank equity capital
$2,790Perpetual preferred stock
$0Common stock
$250Surplus
$1,250Undivided profits
Memoranda
$1,290Noncurrent loans and leases
$3,087Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$119Earning assets
$92Long-term assets (5+ years)
$527Average Assets, year-to-date
$27,145Average Assets, quarterly
$767Volatile liabilities
$27,471Insider loans
$28,318FHLB advances
$3,225Loans and leases held for sale
$481Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,087Total unused commitments
$0Restructured Loans and leases
$165Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$1,971Total interest income
$985Total interest expense
$986Net interest income
$26Provision for loan and lease losses
$65Total noninterest income
$0Fiduciary activities
$42Service charges on deposit accounts
$0Trading account gains & fees
$23Additional noninterest income
$704Total noninterest expense
$470Salaries and employee benefits
$36Premises and equipment expense
$198Additional noninterest expense
$321Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
$319Income before extraordinary items
$0Extraordinary gains - net
$319Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$29Sale, conversion, retirement of capital stock, net
$249Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.70%Yield on earning assets
3.85%Cost of funding earning assets
3.85%Net interest margin
0.25%Noninterest income to earning assets
2.75%Noninterest expense to earning assets
1.16%Net operating income to assets
1.16%Return on assets (ROA)
1.17%Pretax return on assets
11.71%Return on equity (ROE)
2.57%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
89.66%Credit loss provision to net charge-offs
11.97%Efficiency ratio
66,984Assets per employee
3.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
78.06%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
138.66%Noncurrent assets plus other real estate owned to assets
0.41%Noncurrent loans to loans
0.70%Net loans and leases to deposits
64.26%Net loans and leases to core deposits
73.33%Equity capital to assets
9.63%Core capital (leverage) ratio
9.39%Tier 1 risk-based capital ratio
15.15%Total risk-based capital ratio
Memoranda
$16Average assets
$27,471Average earning assets
$2,725Average equity
$25,591Average loans
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