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

This bank is inactive as of October 15, 1993

  • State Bank of Virden in Virden, Illinois (IL)
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State Bank of Virden - Overview

  • General
  • FDIC Certificate #: 19661
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The First National Bank of Raymond (#3830)
    Federal Reserve ID: 142946
    Date Established: October 31, 1966
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 13460
    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 06, 1967
    Last Structure Change Effective Date: October 15, 1993
    Last Structure Change Process Date: October 25, 1993
    Last Data Update: October 25, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 103 South Springfield Street, Virden, IL 62690
    County: Macoupin
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Springfield Il
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476)
    Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
    CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
  • Financial Summary
  • Total assets: $17.4 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $10Total assets
  • $17,771Cash and due from depository institutions
  • $1,016Interest-bearing balances
  • $195Securities
  • $4,812Federal funds sold & reverse repurchase agreements
  • $1,105Net loans & leases
  • $10,004Loan loss allowance
  • $174Trading account assets
  • $0Bank premises and fixed assets
  • $380Other real estate owned
  • $18Goodwill and other intangibles
  • $436Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $17,771Total liabilities
  • $16,339Total deposits
  • $16,132Interest-bearing deposits
  • $14,566Deposits held in domestic offices
  • 16132.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $207Total equity capital
  • $207Total bank equity capital
  • $1,432Perpetual preferred stock
  • $0Common stock
  • $430Surplus
  • $911Undivided profits
  • Memoranda
  • $91Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21Income earned, not collected on loans
  • $124Earning assets
  • $16,116Long-term assets (5+ years)
  • $1,643Average Assets, year-to-date
  • $17,999Average Assets, quarterly
  • $17,855Volatile liabilities
  • $300Insider loans
  • $57FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,357Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,432Total risk weighted assets
  • $10,492Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,510Total interest expense
  • $733Net interest income
  • $777Provision for loan and lease losses
  • $38Total noninterest income
  • $212Fiduciary activities
  • $0Service charges on deposit accounts
  • $109Trading account gains & fees
  • $0Additional noninterest income
  • $103Total noninterest expense
  • $705Salaries and employee benefits
  • $316Premises and equipment expense
  • $67Additional noninterest expense
  • $322Pre-tax net operating income
  • $246Securities gains (losses)
  • $6Applicable income taxes
  • $70Income before extraordinary items
  • $182Extraordinary gains - net
  • $0Net income attributable to bank
  • $182Net charge-offs
  • -$15Cash dividends
  • $103Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.41%Cost of funding earning assets
  • 4.57%Net interest margin
  • 4.84%Noninterest income to earning assets
  • 1.32%Noninterest expense to earning assets
  • 4.39%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 1.40%Return on equity (ROE)
  • 13.10%Retained earnings to average equity (YTD only)
  • 5.69%Net charge-offs to loans
  • -0.14%Credit loss provision to net charge-offs
  • -253.33%Efficiency ratio
  • 71,284Assets per employee
  • 1.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.59%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 828.57%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 62.01%Net loans and leases to core deposits
  • 63.19%Equity capital to assets
  • 8.06%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 13.65%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $17,999Average earning assets
  • $1,389Average equity
  • $16,043Average loans

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