State Bank in Freeport, Illinois (IL)

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State Bank
GeneralFDIC Certificate #: 35169
Status: Active
Federal Reserve ID: 2791517
Bank Holding Company (Regulatory Top Holder): Foresight Financial Group, Inc. (RSSDID: 1137453, Location: Rockford, IL)
Date Established: May 24, 1999
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 75642
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: May 24, 1999
Last Structure Change Effective Date: December 26, 2006
Last Structure Change Process Date: January 10, 2007
Last Data Update: January 10, 2007
Data Source Date: April 05, 2012
LocationAddress: 1718 South Dirck Drive, Freeport, IL 61032
County: Stephenson
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
Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
Core Based Statistical Area (CBSA): Freeport, IL (#23300)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $217.4 mil
Equity capital: $20.4 mil
Deposits held in domestic offices: $176.1 mil
Return on assets (ROA): 1.34% ($2.9 mil)
Quarterly return on assets: 1.41% ($3.1 mil)
Return on Equity (ROE): 14.89% ($3.0 mil)
Quarterly return on equity: 15.10% ($3.0 mil)
Net income: $2.8 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.98% ($4,305.0 mil)
Quarterly Pretax return on assets: 2.10% ($4,565.9 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)30
Total assets$217,426
Cash and due from depository institutions$6,731
Interest-bearing balances$2,605
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$148,210
Loan loss allowance $2,594
Trading account assets$0
Bank premises and fixed assets$1,944
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$2,355
Life insurance assets$217,426
Total liabilities and capital$197,004
Total liabilities$176,126
Total deposits$156,978
Interest-bearing deposits$176,126
Deposits held in domestic offices$94
% insured (estimated)14068.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,150
Other borrowed funds $0
Subordinated debt $660
All other liabilities $20,422
Total equity capital$20,422
Total bank equity capital$20,422
Perpetual preferred stock$0
Common stock$1,000
Undivided profits $14,872
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 $173
Earning assets $0
Long-term assets (5+ years) $1,384
Average Assets, year-to-date $209,001
Average Assets, quarterly $54,998
Volatile liabilities $211,614
Insider loans $215,002
FHLB advances $164,276
Loans and leases held for sale $216,280
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $19,100
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $29,485
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,159
Total interest expense $2,321
Net interest income $7,838
Provision for loan and lease losses $1,270
Total noninterest income $843
Fiduciary activities $336
Service charges on deposit accounts $223
Trading account gains & fees $0
Additional noninterest income $284
Total noninterest expense $3,256
Salaries and employee benefits $1,888
Premises and equipment expense $292
Additional noninterest expense $1,076
Pre-tax net operating income $4,155
Securities gains (losses) $40
Applicable income taxes $1,366
Income before extraordinary items $2,829
Extraordinary gains - net $0
Net income attributable to bank $2,829
Net charge-offs $0
Cash dividends $2,829
Sale, conversion, retirement of capital stock, net $1,151
Net operating income $764
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.96%
Cost of funding earning assets 1.13%
Net interest margin 3.83%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 1.59%
Net operating income to assets 1.32%
Return on assets (ROA) 1.34%
Pretax return on assets 1.98%
Return on equity (ROE) 14.89%
Retained earnings to average equity (YTD only) 10.87%
Net charge-offs to loans 0.77%
Credit loss provision to net charge-offs 110.34%
Efficiency ratio4.71%
Assets per employee$37,507
Cash dividends to net income (YTD only)7.25%
Condition Ratios (%)
Loss allowance to loans 27.01%
Loss allowance to noncurrent loans 1.72%
Noncurrent assets plus other real estate owned to assets 1499.42%
Noncurrent loans to loans 0.08%
Net loans and leases to deposits0.11%
Net loans and leases to core deposits 84.15%
Equity capital to assets 87.09%
Core capital (leverage) ratio 9.39%
Tier 1 risk-based capital ratio 8.83%
Total risk-based capital ratio 11.63%
Average assets$13
Average earning assets$211,614
Average equity $18,999
Average loans $204,659
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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$52,914
Number of Accounts1
Personal trust and agency accounts$50,932
Employee benefit-defined contribution accounts$14,754
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$9,405
Investment management agency accounts$0
Other fiduciary accounts$24,977
Fiduciary accounts held in foreign offices$0
Non-managed Assets$1,796
Number of Accounts125
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$9,405
Employee benefit-defined benefit accounts$0
Other retirement accounts$1,982
Corporate trust and agency accounts$1,982
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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2 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
075642State Bank1718 South Dirck Drive, Freeport, IL 61032May 24, 1999Full Service Brick and Mortar
1514047Messenger Service1718 South Dirck Drive, Freeport, IL 61032November 01, 2010Limited Service Messenger
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