The Elgin State Bank in Elgin, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 2011

The Elgin State Bank - Overview

  • General
  • FDIC Certificate #: 19042
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: St. Charles Bank & Trust Company (#27052)
    Federal Reserve ID: 856337
    Date Established: Febuary 27, 1964
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 12879
    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: Febuary 27, 1964
    Last Structure Change Effective Date: September 30, 2011
    Last Structure Change Process Date: October 05, 2011
    Last Data Update: October 05, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1001 South Randall Road, Elgin, IL 60123
    County: Kane
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • Financial Summary
  • Total assets: $276.8 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, 2010)

  • Dollar figures in thousands
  • 59Total employees (full-time equivalent)
  • $294,165Total assets
  • $55,298Cash and due from depository institutions
  • $52,366Interest-bearing balances
  • $26,907Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $181,464Net loans & leases
  • $4,846Loan loss allowance
  • $0Trading account assets
  • $5,833Bank premises and fixed assets
  • $11,429Other real estate owned
  • $0Goodwill and other intangibles
  • $5,517Life insurance assets
  • $13,234All other assets
  • $294,165Total liabilities and capital
  • $275,652Total liabilities
  • $263,986Total deposits
  • $214,739Interest-bearing deposits
  • $263,986Deposits held in domestic offices
  • 91.01%% insured (estimated)
  • $7,218Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,500Subordinated debt
  • $948All other liabilities
  • $18,513Total equity capital
  • $18,513Total bank equity capital
  • $18,513Perpetual preferred stock
  • $0Common stock
  • $531Surplus
  • $7,229Undivided profits
  • Memoranda
  • $10,753Noncurrent loans and leases
  • $30,858Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $11,236Earning assets
  • $0Long-term assets (5+ years)
  • $781Average Assets, year-to-date
  • $260,737Average Assets, quarterly
  • $16,695Volatile liabilities
  • $298,896Insider loans
  • $302,101FHLB advances
  • $48,720Loans and leases held for sale
  • $7,899Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $30,858Total unused commitments
  • $2,195Restructured Loans and leases
  • $6,112Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $12,191Total interest income
  • $3,143Total interest expense
  • $9,048Net interest income
  • $5,061Provision for loan and lease losses
  • $643Total noninterest income
  • $0Fiduciary activities
  • $631Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12Additional noninterest income
  • $8,410Total noninterest expense
  • $3,745Salaries and employee benefits
  • $975Premises and equipment expense
  • $3,690Additional noninterest expense
  • -$3,780Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$3,780Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,780Net income attributable to bank
  • $0Net charge-offs
  • -$3,780Cash dividends
  • $5,210Sale, conversion, retirement of capital stock, net
  • $50Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.60%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.42%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • -1.26%Net operating income to assets
  • -1.26%Return on assets (ROA)
  • -1.26%Pretax return on assets
  • -17.28%Return on equity (ROE)
  • -17.51%Retained earnings to average equity (YTD only)
  • 2.48%Net charge-offs to loans
  • 97.14%Credit loss provision to net charge-offs
  • 0.25%Efficiency ratio
  • 86,782Assets per employee
  • 4.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1.32%Loss allowance to loans
  • 2.60%Loss allowance to noncurrent loans
  • 43.13%Noncurrent assets plus other real estate owned to assets
  • 7.70%Noncurrent loans to loans
  • 6.03%Net loans and leases to deposits
  • 68.74%Net loans and leases to core deposits
  • 81.56%Equity capital to assets
  • 6.29%Core capital (leverage) ratio
  • 6.06%Tier 1 risk-based capital ratio
  • 8.96%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $298,896Average earning assets
  • $21,879Average equity
  • $264,878Average loans

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