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

State Bank of Herscher - Overview

  • General
  • FDIC Certificate #: 11671
    Status: Active
    Federal Reserve ID: 879336
    Bank Holding Company (Regulatory Top Holder): Hershare Financial Corporation (RSSDID: 1427314, Location: Herscher, IL)
    Date Established: May 20, 1902
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15537
    FDIC's unique #: 7458
    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: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 13, 2011
    Last Structure Change Process Date: Febuary 10, 2012
    Last Data Update: Febuary 10, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 Tobey Drive, Herscher, IL 60941
    County: Kankakee
    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
    Metropolitan Statistical Area (MSA): Kankakee, IL (#3740)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Kankakee-Bradley, IL (#28100)
    CBSA Metro Statistical Area: Kankakee-Bradley, IL (#28100)
  • Financial Summary
  • Total assets: $193.8 mil
    Equity capital: $15.7 mil
    Deposits held in domestic offices: $177.0 mil
    Return on assets (ROA): -2.24% (-$4.3 mil)
    Quarterly return on assets: -5.80% (-$11.3 mil)
    Return on Equity (ROE): -30.84% (-$4.9 mil)
    Quarterly return on equity: -66.76% (-$10.7 mil)
    Net income: -$4.3 mil
    Quarterly Net income: -$2.8 mil
    Pretax return on assets: -2.23% (-$4,321.9 mil)
    Quarterly Pretax return on assets: -5.80% (-$11,240.7 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
  • 36Total employees (full-time equivalent)
  • $193,805Total assets
  • $6,813Cash and due from depository institutions
  • $2,284Interest-bearing balances
  • $46,910Securities
  • $3,066Federal funds sold & reverse repurchase agreements
  • $130,279Net loans & leases
  • $3,794Loan loss allowance
  • $0Trading account assets
  • $1,709Bank premises and fixed assets
  • $883Other real estate owned
  • $0Goodwill and other intangibles
  • $193,805Life insurance assets
  • $4,145All other assets
  • $178,144Total liabilities and capital
  • $177,036Total liabilities
  • $149,403Total deposits
  • $177,036Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,108Subordinated debt
  • $15,661All other liabilities
  • $15,661Total equity capital
  • $15,661Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $9,100Surplus
  • $6,161Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $304Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,239Income earned, not collected on loans
  • $0Earning assets
  • $425Long-term assets (5+ years)
  • $182,539Average Assets, year-to-date
  • $34,849Average Assets, quarterly
  • $192,760Volatile liabilities
  • $196,340Insider loans
  • $126,334FHLB advances
  • $193,099Loans and leases held for sale
  • $3,000Unused loan commitments
  • $2,560Tier 1 (core) risk-based capital
  • $15,166Tier 2 risk-based capital
  • $440Total risk weighted assets
  • $0Total unused commitments
  • $10,614Restructured Loans and leases
  • $1,659Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,069Total interest income
  • $1,840Total interest expense
  • $7,229Net interest income
  • $6,140Provision for loan and lease losses
  • $553Total noninterest income
  • $0Fiduciary activities
  • $167Service charges on deposit accounts
  • $0Trading account gains & fees
  • $386Additional noninterest income
  • $5,932Total noninterest expense
  • $2,405Salaries and employee benefits
  • $508Premises and equipment expense
  • $3,019Additional noninterest expense
  • -$4,290Pre-tax net operating income
  • -$10Securities gains (losses)
  • $14Applicable income taxes
  • -$4,314Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,314Net income attributable to bank
  • $0Net charge-offs
  • -$4,314Cash dividends
  • $5,435Sale, conversion, retirement of capital stock, net
  • $239Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 4.01%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • -2.23%Net operating income to assets
  • -2.24%Return on assets (ROA)
  • -2.23%Pretax return on assets
  • -30.84%Return on equity (ROE)
  • -32.55%Retained earnings to average equity (YTD only)
  • 3.86%Net charge-offs to loans
  • 112.97%Credit loss provision to net charge-offs
  • 0.34%Efficiency ratio
  • 76,227Assets per employee
  • 5.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -5.54%Loss allowance to loans
  • 2.83%Loss allowance to noncurrent loans
  • 22.01%Noncurrent assets plus other real estate owned to assets
  • 9.35%Noncurrent loans to loans
  • 12.86%Net loans and leases to deposits
  • 73.59%Net loans and leases to core deposits
  • 87.89%Equity capital to assets
  • 8.08%Core capital (leverage) ratio
  • 7.85%Tier 1 risk-based capital ratio
  • 12.00%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $192,760Average earning assets
  • $13,988Average equity
  • $180,296Average 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
  • $4,340Managed Assets
  • 1Number of Accounts
  • $4,340Personal trust and agency accounts
  • $1,579Employee benefit-defined contribution accounts
  • $728Employee benefit-defined benefit accounts
  • $2,033Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 9Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee 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

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07458State Bank Of Herscher10 Tobey Drive, Herscher, IL 60941May 20, 1902Full Service Brick and Mortar
    1422900Kankakee Branch5053 West Route 17, Kankakee, IL 60901July 28, 2003Full Service Brick and Mortar

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