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

State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 30Total employees (full-time equivalent)
  • $217,426Total assets
  • $6,731Cash and due from depository institutions
  • $2,605Interest-bearing balances
  • $58,186Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $148,210Net loans & leases
  • $2,594Loan loss allowance
  • $0Trading account assets
  • $1,944Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $217,426Life insurance assets
  • $2,355All other assets
  • $197,004Total liabilities and capital
  • $176,126Total liabilities
  • $156,978Total deposits
  • $176,126Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 14068.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,150Trading liabilities
  • $0Other borrowed funds
  • $660Subordinated debt
  • $20,422All other liabilities
  • $20,422Total equity capital
  • $20,422Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $4,550Surplus
  • $14,872Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $173Income earned, not collected on loans
  • $0Earning assets
  • $1,384Long-term assets (5+ years)
  • $209,001Average Assets, year-to-date
  • $54,998Average Assets, quarterly
  • $211,614Volatile liabilities
  • $215,002Insider loans
  • $164,276FHLB advances
  • $216,280Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,100Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $29,485Restructured Loans and leases
  • $6,564Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,159Total interest income
  • $2,321Total interest expense
  • $7,838Net interest income
  • $1,270Provision for loan and lease losses
  • $843Total noninterest income
  • $336Fiduciary activities
  • $223Service charges on deposit accounts
  • $0Trading account gains & fees
  • $284Additional noninterest income
  • $3,256Total noninterest expense
  • $1,888Salaries and employee benefits
  • $292Premises and equipment expense
  • $1,076Additional noninterest expense
  • $4,155Pre-tax net operating income
  • $40Securities gains (losses)
  • $1,366Applicable income taxes
  • $2,829Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,829Net income attributable to bank
  • $0Net charge-offs
  • $2,829Cash dividends
  • $1,151Sale, conversion, retirement of capital stock, net
  • $764Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.96%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 1.59%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.34%Return on assets (ROA)
  • 1.98%Pretax return on assets
  • 14.89%Return on equity (ROE)
  • 10.87%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 110.34%Credit loss provision to net charge-offs
  • 4.71%Efficiency ratio
  • 37,507Assets per employee
  • 7.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.01%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 1499.42%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 84.15%Net loans and leases to core deposits
  • 87.09%Equity capital to assets
  • 9.39%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 11.63%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $211,614Average earning assets
  • $18,999Average equity
  • $204,659Average 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
  • $52,914Managed Assets
  • 1Number of Accounts
  • $50,932Personal trust and agency accounts
  • $14,754Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $9,405Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $24,977Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $1,796Non-managed Assets
  • 125Number of Accounts
  • $0Personal trust and agency accounts
  • $9,405Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,982Other retirement accounts
  • $1,982Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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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