The Bank of Marion in Marion, Illinois (IL)



Show street view No street view available for this location

The Bank of Marion routing number info

Table of contents:
The Bank of Marion
GeneralFDIC Certificate #: 15565
Status: Active
Federal Reserve ID: 382649
Bank Holding Company (Regulatory Top Holder): Midwest Community Bancshares, Inc. (RSSDID: 2603450, Location: Marion, IL)
Date Established: December 15, 1937
WWW: http://www.bankofmarion.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Domestic: 9, Interstate: No)
FDIC's unique #: 9857
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: December 15, 1937
Last Structure Change Effective Date: October 01, 2006
Last Structure Change Process Date: November 08, 2006
Last Data Update: November 08, 2006
Data Source Date: April 05, 2012
LocationAddress: 300 Tower Square, Marion, IL 62959
County: Williamson
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Mount Vernon
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Carbondale-Marion-Herrin, IL (#166)
Core Based Statistical Area (CBSA): Marion-Herrin, IL (#32060)
CBSA Micro Statistical Area: Yes
History of ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $330.2 mil
Equity capital: $39.4 mil
Deposits held in domestic offices: $261.5 mil
Return on assets (ROA): 1.96% ($6.5 mil)
Quarterly return on assets: 2.07% ($6.8 mil)
Return on Equity (ROE): 17.33% ($6.8 mil)
Quarterly return on equity: 17.77% ($6.9 mil)
Net income: $6.4 mil
Quarterly Net income: $1.7 mil
Pretax return on assets: 1.98% ($6,537.2 mil)
Quarterly Pretax return on assets: 2.09% ($6,900.4 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)
Total employees (full-time equivalent)91
Total assets$330,164
Cash and due from depository institutions$5,376
Interest-bearing balances$5
Securities$123,942
Federal funds sold & reverse repurchase agreements$2,436
Net loans & leases$184,769
Loan loss allowance $1,712
Trading account assets$0
Bank premises and fixed assets$4,482
Other real estate owned$43
Goodwill and other intangibles$1,663
All other assets$7,453
Life insurance assets$330,164
Total liabilities and capital$290,747
Total liabilities$261,483
Total deposits$256,000
Interest-bearing deposits$261,483
Deposits held in domestic offices$87
% insured (estimated)25898.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,500
Other borrowed funds $0
Subordinated debt $866
All other liabilities $39,417
Total equity capital$39,417
Total bank equity capital$39,417
Perpetual preferred stock$0
Common stock$2,000
Surplus$12,476
Undivided profits $24,941
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,754
Earning assets $0
Long-term assets (5+ years) $1,343
Average Assets, year-to-date $311,152
Average Assets, quarterly $133,144
Volatile liabilities $327,495
Insider loans $333,209
FHLB advances $222,428
Loans and leases held for sale $334,831
Unused loan commitments $1,032
Tier 1 (core) risk-based capital $1,032
Tier 2 risk-based capital $35,969
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $29,934
Derivatives$209
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,692
Total interest expense $2,200
Net interest income $11,492
Provision for loan and lease losses $168
Total noninterest income $1,993
Fiduciary activities $0
Service charges on deposit accounts $907
Trading account gains & fees $0
Additional noninterest income $1,086
Total noninterest expense $7,057
Salaries and employee benefits $3,989
Premises and equipment expense $901
Additional noninterest expense $2,167
Pre-tax net operating income $6,260
Securities gains (losses) $227
Applicable income taxes $63
Income before extraordinary items $6,424
Extraordinary gains - net $0
Net income attributable to bank $6,424
Net charge-offs $0
Cash dividends $6,424
Sale, conversion, retirement of capital stock, net $42
Net operating income $3,489
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.44%
Cost of funding earning assets 0.71%
Net interest margin 3.73%
Noninterest income to earning assets 0.65%
Noninterest expense to earning assets 2.29%
Net operating income to assets 1.89%
Return on assets (ROA) 1.96%
Pretax return on assets 1.98%
Return on equity (ROE) 17.33%
Retained earnings to average equity (YTD only) 7.92%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 400.00%
Efficiency ratio153.05%
Assets per employee$51,991
Cash dividends to net income (YTD only)3.63%
Condition Ratios (%)
Loss allowance to loans 54.31%
Loss allowance to noncurrent loans 0.92%
Noncurrent assets plus other real estate owned to assets 62.16%
Noncurrent loans to loans 0.85%
Net loans and leases to deposits1.48%
Net loans and leases to core deposits 70.66%
Equity capital to assets 75.32%
Core capital (leverage) ratio 11.94%
Tier 1 risk-based capital ratio 10.74%
Total risk-based capital ratio 16.17%
Memoranda
Average assets$17
Average earning assets$327,495
Average equity $37,078
Average loans $308,442
Back to page top, Back to table top

9 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09857The Bank Of Marion300 Tower Square, Marion, IL 62959December 15, 1937Full Service Brick and Mortar
1234551Court Branch409 North Court Street, Marion, IL 62959November 12, 1968Limited Service Facility
2234552Carbon Branch801 North Carbon Street, Marion, IL 62959August 09, 1977Full Service Brick and Mortar
3234553Illinois Centre Mall Branch1303 Marathon Drive, Marion, IL 62959Febuary 01, 1994Full Service Brick and Mortar
4429692Airport Business Center Branch102 Airway Drive, Marion, IL 62959May 03, 2004Full Service Brick and Mortar
611116Carrier Mills Facility2 South Main Street, Carrier Mills, IL 62917December 01, 1951Full Service Brick and Mortar
8221798Creal Springs Facility201 W. Blue Avenue, Creal Springs, IL 62922April 10, 1993Full Service Brick and Mortar
9455067Marion Mobile Branch300 Tower Square, Marion, IL 62959September 06, 2006Limited Service Mobile
10694C.P. Burnett & Sons, Bankers Bank Branch1023 Fourth Street, Eldorado, IL 62930January 01, 1921Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Bank of Marion.
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.