Strategic Capital Bank in Champaign, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 22, 2009

  • Strategic Capital Bank in Champaign, Illinois (IL)
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Strategic Capital Bank - Overview

  • General
  • FDIC Certificate #: 35175
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Midland States Bank (#1040)
    Federal Reserve ID: 2796295
    Date Established: November 01, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 75648
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 01, 1999
    Last Structure Change Effective Date: May 22, 2009
    Last Structure Change Process Date: May 27, 2009
    Last Data Update: May 27, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1608 Broadmoor Drive, Champaign, IL 61821
    County: Champaign
    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): Champaign-Urbana, IL (#1400)
    Core Based Statistical Area (CBSA): Champaign-Urbana, IL (#16580)
    CBSA Metro Statistical Area: Champaign-Urbana, IL (#16580)
  • Financial Summary
  • Total assets: $546.6 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, 2008)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $586,740Total assets
  • $18,011Cash and due from depository institutions
  • $69Interest-bearing balances
  • $326,072Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $219,575Net loans & leases
  • $10,281Loan loss allowance
  • $0Trading account assets
  • $1,693Bank premises and fixed assets
  • $2,436Other real estate owned
  • $8,778Goodwill and other intangibles
  • $0Life insurance assets
  • $10,175All other assets
  • $586,740Total liabilities and capital
  • $581,347Total liabilities
  • $512,250Total deposits
  • $503,579Interest-bearing deposits
  • $512,250Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,056Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $65,000Other borrowed funds
  • $0Subordinated debt
  • $2,041All other liabilities
  • $5,393Total equity capital
  • $5,393Total bank equity capital
  • $5,393Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $47,006Undivided profits
  • Memoranda
  • $-42,613Noncurrent loans and leases
  • $17,586Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $28,937Earning assets
  • $0Long-term assets (5+ years)
  • $3,918Average Assets, year-to-date
  • $545,716Average Assets, quarterly
  • $327,605Volatile liabilities
  • $580,627Insider loans
  • $607,613FHLB advances
  • $40,746Loans and leases held for sale
  • $1,811Unused loan commitments
  • $65,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $17,586Total unused commitments
  • $0Restructured Loans and leases
  • $5,871Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $40,461Total interest income
  • $24,713Total interest expense
  • $15,748Net interest income
  • $21,145Provision for loan and lease losses
  • $2,088Total noninterest income
  • $2,047Fiduciary activities
  • $21Service charges on deposit accounts
  • $0Trading account gains & fees
  • $20Additional noninterest income
  • $6,330Total noninterest expense
  • $2,921Salaries and employee benefits
  • $701Premises and equipment expense
  • $2,708Additional noninterest expense
  • -$9,639Pre-tax net operating income
  • -$13,006Securities gains (losses)
  • -$23Applicable income taxes
  • -$22,622Income before extraordinary items
  • $0Extraordinary gains - net
  • -$22,622Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $12,186Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.30%Yield on earning assets
  • 4.46%Cost of funding earning assets
  • 2.84%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 1.14%Noninterest expense to earning assets
  • -1.66%Net operating income to assets
  • -3.90%Return on assets (ROA)
  • -3.90%Pretax return on assets
  • -98.33%Return on equity (ROE)
  • -98.33%Retained earnings to average equity (YTD only)
  • 5.68%Net charge-offs to loans
  • 173.52%Credit loss provision to net charge-offs
  • 0.94%Efficiency ratio
  • 34,526Assets per employee
  • 17.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.47%Loss allowance to noncurrent loans
  • 35.53%Noncurrent assets plus other real estate owned to assets
  • 5.35%Noncurrent loans to loans
  • 12.59%Net loans and leases to deposits
  • 42.86%Net loans and leases to core deposits
  • 44.04%Equity capital to assets
  • 0.92%Core capital (leverage) ratio
  • 2.88%Tier 1 risk-based capital ratio
  • 3.89%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $580,627Average earning assets
  • $23,005Average equity
  • $554,103Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $338,564Managed Assets
  • 1Number of Accounts
  • $211,675Personal trust and agency accounts
  • $10,549Employee benefit-defined contribution accounts
  • $26,857Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $66,126Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $108,143Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1302Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $126,889Other retirement accounts
  • $125,026Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,863Fiduciary accounts held in foreign offices

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