Scott State Bank in Bethany, Illinois (IL)



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Scott State Bank
GeneralFDIC Certificate #: 8491
Status: Active
Federal Reserve ID: 443634
Bank Holding Company (Regulatory Top Holder): Scott Bancshares, Inc. (RSSDID: 1206425, Location: Bethany, IL)
Date Established: January 01, 1887
WWW: http://www.scottbancshares.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)
OTS Docket #: 15639
FDIC's unique #: 5404
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: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 01, 2011
Last Structure Change Process Date: July 06, 2011
Last Data Update: July 06, 2011
Data Source Date: April 05, 2012
LocationAddress: 101 West Main Street, Bethany, IL 61914
County: Moultrie
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
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $94.8 mil
Equity capital: $15.0 mil
Deposits held in domestic offices: $78.7 mil
Return on assets (ROA): 1.20% ($1.1 mil)
Quarterly return on assets: 1.32% ($1.3 mil)
Return on Equity (ROE): 7.95% ($1.2 mil)
Quarterly return on equity: 8.57% ($1.3 mil)
Net income: $1.2 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.20% ($1,137.2 mil)
Quarterly Pretax return on assets: 1.32% ($1,251.0 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)40
Total assets$94,769
Cash and due from depository institutions$8,132
Interest-bearing balances$4,596
Securities$39,598
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$40,955
Loan loss allowance $576
Trading account assets$0
Bank premises and fixed assets$1,535
Other real estate owned$462
Goodwill and other intangibles$283
All other assets$3,804
Life insurance assets$94,769
Total liabilities and capital$79,787
Total liabilities$78,735
Total deposits$68,310
Interest-bearing deposits$78,735
Deposits held in domestic offices$93
% insured (estimated)793.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $259
All other liabilities $14,982
Total equity capital$14,982
Total bank equity capital$14,982
Perpetual preferred stock$0
Common stock$368
Surplus$3,362
Undivided profits $11,252
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $934
Earning assets $0
Long-term assets (5+ years) $668
Average Assets, year-to-date $85,149
Average Assets, quarterly $33,846
Volatile liabilities $96,397
Insider loans $96,740
FHLB advances $59,379
Loans and leases held for sale $97,870
Unused loan commitments $2,285
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $14,010
Total risk weighted assets $0
Total unused commitments $2,285
Restructured Loans and leases $4,550
Derivatives$562
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,780
Total interest expense $482
Net interest income $3,298
Provision for loan and lease losses $205
Total noninterest income $960
Fiduciary activities $165
Service charges on deposit accounts $369
Trading account gains & fees $0
Additional noninterest income $426
Total noninterest expense $3,059
Salaries and employee benefits $1,793
Premises and equipment expense $370
Additional noninterest expense $896
Pre-tax net operating income $994
Securities gains (losses) $162
Applicable income taxes $1
Income before extraordinary items $1,155
Extraordinary gains - net $0
Net income attributable to bank $1,155
Net charge-offs $0
Cash dividends $1,155
Sale, conversion, retirement of capital stock, net $206
Net operating income $600
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.37%
Cost of funding earning assets 0.56%
Net interest margin 3.81%
Noninterest income to earning assets 1.11%
Noninterest expense to earning assets 3.54%
Net operating income to assets 1.03%
Return on assets (ROA) 1.20%
Pretax return on assets 1.20%
Return on equity (ROE) 7.95%
Retained earnings to average equity (YTD only) 3.82%
Net charge-offs to loans 0.50%
Credit loss provision to net charge-offs 99.51%
Efficiency ratio5.82%
Assets per employee$71,841
Cash dividends to net income (YTD only)2.37%
Condition Ratios (%)
Loss allowance to loans 51.95%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 61.67%
Noncurrent loans to loans 1.47%
Net loans and leases to deposits2.25%
Net loans and leases to core deposits 52.02%
Equity capital to assets 53.48%
Core capital (leverage) ratio 15.81%
Tier 1 risk-based capital ratio 14.31%
Total risk-based capital ratio 23.59%
Memoranda
Average assets$25
Average earning assets$96,397
Average equity $14,521
Average loans $86,451
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$25,943
Number of Accounts1
Personal trust and agency accounts$24,700
Employee benefit-defined contribution accounts$17,761
Employee benefit-defined benefit accounts$6,467
Other retirement accounts$0
Corporate trust and agency accounts$472
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts73
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,243
Corporate trust and agency accounts$243
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$1,000
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4 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05404Scott State Bank101 West Main Street, Bethany, IL 61914January 01, 1887Full Service Brick and Mortar
26907Dalton City BranchMain Street, Dalton City, IL 61925January 01, 1892Full Service Brick and Mortar
3357411Sullivan Branch310 W. Jackson, Sullivan, IL 61951June 12, 2000Full Service Brick and Mortar
411096Maroa Branch101 East Main Street, Maroa, IL 61756July 16, 1951Full Service Brick and Mortar
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