FDIC Certificate #: 34617 Status: Active Federal Reserve ID: 2590037 Date Established: March 12, 1999 WWW:http://www.statefarm.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14640 FDIC's unique #: 60840 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: March 12, 1999 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: One State Farm Plaza E-6, Bloomington, IL 61710 County: Mclean 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): Bloomington-Normal, IL (#1040) Core Based Statistical Area (CBSA): Bloomington-Normal, IL (#14060) CBSA Metro Statistical Area: Bloomington-Normal, IL (#14060)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $14,744.3 mil Equity capital: $1,642.9 mil Deposits held in domestic offices: $9,631.3 mil Return on assets (ROA): 0.22% ($32.4 mil) Quarterly return on assets: 0.24% ($35.4 mil) Return on Equity (ROE): 1.97% ($32.4 mil) Quarterly return on equity: 2.11% ($34.7 mil) Net income: $32.0 mil Quarterly Net income: $8.7 mil Pretax return on assets: 0.34% ($50,130.5 mil) Quarterly Pretax return on assets: 0.41% ($60,451.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
1,315Total employees (full-time equivalent)
$14,744,256Total assets
$86,324Cash and due from depository institutions
$17,616Interest-bearing balances
$3,781,491Securities
$0Federal funds sold & reverse repurchase agreements
$10,410,149Net loans & leases
$291,620Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$44,482Other real estate owned
$55,660Goodwill and other intangibles
$14,744,256Life insurance assets
$366,150All other assets
$13,101,312Total liabilities and capital
$9,631,324Total liabilities
$9,465,288Total deposits
$9,631,324Interest-bearing deposits
$95Deposits held in domestic offices
1564000.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,700,000Trading liabilities
$0Other borrowed funds
$205,988Subordinated debt
$1,642,944All other liabilities
$1,642,944Total equity capital
$1,642,944Total bank equity capital
$500,000Perpetual preferred stock
$1Common stock
$1,519,000Surplus
$-376,057Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$158,421Income earned, not collected on loans
$0Earning assets
$47,866Long-term assets (5+ years)
$14,209,256Average Assets, year-to-date
$0Average Assets, quarterly
$14,856,807Volatile liabilities
$14,736,546Insider loans
$11,024,989FHLB advances
$14,478,756Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,438,028Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,994,325Restructured Loans and leases
$9,384Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$743,357Total interest income
$250,676Total interest expense
$492,681Net interest income
$148,986Provision for loan and lease losses
$68,339Total noninterest income
$0Fiduciary activities
$2,969Service charges on deposit accounts
-$2,899Trading account gains & fees
$68,269Additional noninterest income
$361,768Total noninterest expense
$96,184Salaries and employee benefits
$41,450Premises and equipment expense
$224,134Additional noninterest expense
$50,266Pre-tax net operating income
$0Securities gains (losses)
$18,247Applicable income taxes
$32,019Income before extraordinary items
$0Extraordinary gains - net
$32,019Net income attributable to bank
$0Net charge-offs
$32,019Cash dividends
$166,835Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.19%Yield on earning assets
1.75%Cost of funding earning assets
3.44%Net interest margin
0.48%Noninterest income to earning assets
2.53%Noninterest expense to earning assets
0.22%Net operating income to assets
0.22%Return on assets (ROA)
0.34%Pretax return on assets
1.97%Return on equity (ROE)
1.97%Retained earnings to average equity (YTD only)
1.53%Net charge-offs to loans
89.30%Credit loss provision to net charge-offs
1.19%Efficiency ratio
61,142Assets per employee
11.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.72%Loss allowance to noncurrent loans
184.08%Noncurrent assets plus other real estate owned to assets
1.38%Noncurrent loans to loans
1.48%Net loans and leases to deposits
108.09%Net loans and leases to core deposits
308.87%Equity capital to assets
11.14%Core capital (leverage) ratio
9.93%Tier 1 risk-based capital ratio
13.04%Total risk-based capital ratio
Memoranda
$14Average assets
$14,856,807Average earning assets
$1,629,151Average equity
$14,312,775Average loans
List of branches
1 Illinois Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
60840
State Farm Bank, F.S.b.
One State Farm Plaza E-6, Bloomington, IL 61710
March 12, 1999
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with State Farm Bank, F.S.B..
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: