The Bank of Advance in Advance, Missouri (MO), IL
Overview, Financial Summary, Detailed Financial Reports, Branches


The Bank of Advance - Overview

  • General
  • FDIC Certificate #: 9369
    Status: Active
    Federal Reserve ID: 879644
    Bank Holding Company (Regulatory Top Holder): Miles Bancshares, Inc. (RSSDID: 2848073, Location: Advance, MO)
    Date Established: January 30, 1902
    WWW: http://www.bankofadvance.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: Yes)
    OTS Docket #: 11236
    FDIC's unique #: 6017
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 East Gabriel Street, Advance, MO 63730
    County: Stoddard
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: St. Louis
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $262.4 mil
    Equity capital: $38.7 mil
    Deposits held in domestic offices: $217.2 mil
    Return on assets (ROA): 2.50% ($6.5 mil)
    Quarterly return on assets: 2.42% ($6.3 mil)
    Return on Equity (ROE): 16.18% ($6.3 mil)
    Quarterly return on equity: 15.43% ($6.0 mil)
    Net income: $6.2 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 2.51% ($6,585.4 mil)
    Quarterly Pretax return on assets: 2.43% ($6,375.5 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
  • 64Total employees (full-time equivalent)
  • $262,367Total assets
  • $8,553Cash and due from depository institutions
  • $830Interest-bearing balances
  • $47,412Securities
  • $12,778Federal funds sold & reverse repurchase agreements
  • $181,541Net loans & leases
  • $3,563Loan loss allowance
  • $0Trading account assets
  • $3,046Bank premises and fixed assets
  • $489Other real estate owned
  • $0Goodwill and other intangibles
  • $262,367Life insurance assets
  • $8,548All other assets
  • $223,620Total liabilities and capital
  • $217,189Total liabilities
  • $178,337Total deposits
  • $217,189Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,195Trading liabilities
  • $0Other borrowed funds
  • $236Subordinated debt
  • $38,747All other liabilities
  • $38,747Total equity capital
  • $38,747Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $4,471Surplus
  • $33,976Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,480Income earned, not collected on loans
  • $0Earning assets
  • $2,532Long-term assets (5+ years)
  • $242,561Average Assets, year-to-date
  • $32,223Average Assets, quarterly
  • $247,503Volatile liabilities
  • $254,672Insider loans
  • $188,450FHLB advances
  • $252,942Loans and leases held for sale
  • $4,243Unused loan commitments
  • $4,243Tier 1 (core) risk-based capital
  • $36,794Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,325Restructured Loans and leases
  • $371Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,770Total interest income
  • $2,292Total interest expense
  • $11,478Net interest income
  • $694Provision for loan and lease losses
  • $1,894Total noninterest income
  • $0Fiduciary activities
  • $1,259Service charges on deposit accounts
  • $0Trading account gains & fees
  • $635Additional noninterest income
  • $6,474Total noninterest expense
  • $4,082Salaries and employee benefits
  • $938Premises and equipment expense
  • $1,454Additional noninterest expense
  • $6,204Pre-tax net operating income
  • $0Securities gains (losses)
  • $20Applicable income taxes
  • $6,184Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,184Net income attributable to bank
  • $0Net charge-offs
  • $6,184Cash dividends
  • $190Sale, conversion, retirement of capital stock, net
  • $3,900Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.98%Yield on earning assets
  • 0.99%Cost of funding earning assets
  • 4.98%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 2.50%Net operating income to assets
  • 2.50%Return on assets (ROA)
  • 2.51%Pretax return on assets
  • 16.18%Return on equity (ROE)
  • 5.98%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 365.26%Credit loss provision to net charge-offs
  • 36.31%Efficiency ratio
  • 48,415Assets per employee
  • 4.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 63.07%Loss allowance to loans
  • 1.92%Loss allowance to noncurrent loans
  • 240.74%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 0.80%Net loans and leases to deposits
  • 83.59%Net loans and leases to core deposits
  • 86.08%Equity capital to assets
  • 14.77%Core capital (leverage) ratio
  • 14.55%Tier 1 risk-based capital ratio
  • 19.52%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $247,503Average earning assets
  • $38,220Average equity
  • $230,371Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    42364Lerna Banking Center506 Main Street, Lerna, IL 62440June 13, 1906Full Service Brick and Mortar
    56677Bowen Banking Center415 West 5th Street, Bowen, IL 62316January 01, 1930Full Service Brick and Mortar
  • 4 Missouri Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06017The Bank Of Advance105 East Gabriel Street, Advance, MO 63730January 30, 1902Full Service Brick and Mortar
    1220002Bell City Branch (Drive-In)25021 Walnut, Bell City, MO 63735July 16, 1973Limited Service Facility
    2220003Dexter Branch1428 Business Highway 60 West, Dexter, MO 63841Febuary 01, 1999Full Service Brick and Mortar
    3364312Advance Branch205 South Ash, Advance, MO 63730May 16, 2002Full Service Brick and Mortar

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