The Fairfield National Bank in Fairfield, Illinois (IL)

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The Fairfield National Bank
GeneralFDIC Certificate #: 3792
Status: Active
Federal Reserve ID: 640246
Bank Holding Company (Regulatory Top Holder): Fairfield Bancshares, Inc. (RSSDID: 2107305, Location: Fairfield, IL)
Date Established: Febuary 03, 1903
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 13544
FDIC's unique #: 2455
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending 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
LocationAddress: 220 East Main Street, Fairfield, IL 62837
County: Wayne
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $392.3 mil
Equity capital: $38.8 mil
Deposits held in domestic offices: $287.5 mil
Return on assets (ROA): 1.16% ($4.5 mil)
Quarterly return on assets: 1.18% ($4.6 mil)
Return on Equity (ROE): 12.01% ($4.7 mil)
Quarterly return on equity: 11.87% ($4.6 mil)
Net income: $4.4 mil
Quarterly Net income: $1.1 mil
Pretax return on assets: 1.66% ($6,512.7 mil)
Quarterly Pretax return on assets: 1.87% ($7,336.6 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)57
Total assets$392,331
Cash and due from depository institutions$17,946
Interest-bearing balances$11,034
Federal funds sold & reverse repurchase agreements$119
Net loans & leases$184,754
Loan loss allowance $1,392
Trading account assets$0
Bank premises and fixed assets$4,173
Other real estate owned$0
Goodwill and other intangibles$5,561
All other assets$15,667
Life insurance assets$392,331
Total liabilities and capital$353,554
Total liabilities$287,507
Total deposits$251,212
Interest-bearing deposits$287,507
Deposits held in domestic offices$93
% insured (estimated)4242.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$58,272
Other borrowed funds $0
Subordinated debt $3,533
All other liabilities $38,777
Total equity capital$38,777
Total bank equity capital$38,777
Perpetual preferred stock$0
Common stock$5,400
Undivided profits $27,977
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 $2,210
Earning assets $1,031
Long-term assets (5+ years) $2,731
Average Assets, year-to-date $360,018
Average Assets, quarterly $191,505
Volatile liabilities $379,811
Insider loans $388,277
FHLB advances $175,218
Loans and leases held for sale $382,871
Unused loan commitments $8,029
Tier 1 (core) risk-based capital $8,029
Tier 2 risk-based capital $32,674
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $14,548
Total interest expense $4,742
Net interest income $9,806
Provision for loan and lease losses $25
Total noninterest income $1,729
Fiduciary activities $140
Service charges on deposit accounts $781
Trading account gains & fees $0
Additional noninterest income $808
Total noninterest expense $5,966
Salaries and employee benefits $2,932
Premises and equipment expense $652
Additional noninterest expense $2,382
Pre-tax net operating income $5,544
Securities gains (losses) $775
Applicable income taxes $1,895
Income before extraordinary items $4,424
Extraordinary gains - net $0
Net income attributable to bank $4,424
Net charge-offs $0
Cash dividends $4,424
Sale, conversion, retirement of capital stock, net -$65
Net operating income $1,080
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.19%
Cost of funding earning assets 1.37%
Net interest margin 2.83%
Noninterest income to earning assets 0.50%
Noninterest expense to earning assets 1.72%
Net operating income to assets 1.02%
Return on assets (ROA) 1.16%
Pretax return on assets 1.66%
Return on equity (ROE) 12.01%
Retained earnings to average equity (YTD only) 9.08%
Net charge-offs to loans -0.04%
Credit loss provision to net charge-offs -38.46%
Efficiency ratio0.00%
Assets per employee$50,707
Cash dividends to net income (YTD only)6.88%
Condition Ratios (%)
Loss allowance to loans 24.41%
Loss allowance to noncurrent loans 0.75%
Noncurrent assets plus other real estate owned to assets 62.99%
Noncurrent loans to loans 0.56%
Net loans and leases to deposits1.19%
Net loans and leases to core deposits 64.26%
Equity capital to assets 80.21%
Core capital (leverage) ratio 9.88%
Tier 1 risk-based capital ratio 8.53%
Total risk-based capital ratio 18.65%
Average assets$19
Average earning assets$379,811
Average equity $36,822
Average loans $346,842
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$26,029
Number of Accounts1
Personal trust and agency accounts$14,084
Employee benefit-defined contribution accounts$5,327
Employee benefit-defined benefit accounts$3,350
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$5,407
Non-managed Assets$0
Number of Accounts405
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$11,945
Corporate trust and agency accounts$3,643
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$8,301
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4 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02455The Fairfield National Bank220 East Main Street, Fairfield, IL 62837Febuary 03, 1903Full Service Brick and Mortar
1201922Bean Capital Banking Center Branch204 North Main Street, Wayne City, IL 62895December 02, 1996Full Service Brick and Mortar
29797Grayville Banking Center Branch119 South Middle Street, Grayville, IL 62844May 27, 1937Full Service Brick and Mortar
42431Bridgeport Branch201 North Main Street, Bridgeport, IL 62417January 01, 1906Full Service Brick and Mortar
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