The Farmers National Bank of Prophetstown in Prophetstown, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Farmers National Bank of Prophetstown - Overview

  • General
  • FDIC Certificate #: 3732
    Status: Active
    Federal Reserve ID: 933041
    Bank Holding Company (Regulatory Top Holder): Prophetstown Banking Co. (RSSDID: 2198563, Location: Prophetstown, IL)
    Date Established: July 01, 1902
    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: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12238
    FDIC's unique #: 2397
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    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: 114 West Third Street, Prophetstown, IL 61277
    County: Whiteside
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Sterling, IL (#44580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $458.6 mil
    Equity capital: $58.0 mil
    Deposits held in domestic offices: $344.8 mil
    Return on assets (ROA): 1.30% ($6.0 mil)
    Quarterly return on assets: 1.27% ($5.8 mil)
    Return on Equity (ROE): 10.84% ($6.3 mil)
    Quarterly return on equity: 10.05% ($5.8 mil)
    Net income: $5.8 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 1.65% ($7,567.3 mil)
    Quarterly Pretax return on assets: 1.63% ($7,475.5 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
  • 44Total employees (full-time equivalent)
  • $458,622Total assets
  • $9,844Cash and due from depository institutions
  • $279Interest-bearing balances
  • $224,287Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $208,819Net loans & leases
  • $9,076Loan loss allowance
  • $0Trading account assets
  • $2,727Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $458,622Life insurance assets
  • $12,945All other assets
  • $400,609Total liabilities and capital
  • $344,753Total liabilities
  • $308,354Total deposits
  • $344,753Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 19426.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $34,000Trading liabilities
  • $0Other borrowed funds
  • $2,430Subordinated debt
  • $58,013All other liabilities
  • $58,013Total equity capital
  • $58,013Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $2,700Surplus
  • $55,013Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $175Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,509Income earned, not collected on loans
  • $0Earning assets
  • $5,282Long-term assets (5+ years)
  • $433,385Average Assets, year-to-date
  • $215,094Average Assets, quarterly
  • $442,954Volatile liabilities
  • $454,496Insider loans
  • $284,558FHLB advances
  • $450,340Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $52,364Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,933Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,122Total interest income
  • $6,664Total interest expense
  • $13,458Net interest income
  • $1,812Provision for loan and lease losses
  • $722Total noninterest income
  • $192Fiduciary activities
  • $242Service charges on deposit accounts
  • $0Trading account gains & fees
  • $288Additional noninterest income
  • $6,332Total noninterest expense
  • $3,761Salaries and employee benefits
  • $489Premises and equipment expense
  • $2,082Additional noninterest expense
  • $6,036Pre-tax net operating income
  • $1,287Securities gains (losses)
  • $1,569Applicable income taxes
  • $5,754Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,754Net income attributable to bank
  • $0Net charge-offs
  • $5,754Cash dividends
  • $83Sale, conversion, retirement of capital stock, net
  • $1,143Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 1.59%Cost of funding earning assets
  • 3.20%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 1.51%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 10.84%Return on equity (ROE)
  • 8.68%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 2183.13%Credit loss provision to net charge-offs
  • 94.55%Efficiency ratio
  • 44,654Assets per employee
  • 10.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.86%Loss allowance to loans
  • 4.17%Loss allowance to noncurrent loans
  • 164.75%Noncurrent assets plus other real estate owned to assets
  • 1.20%Noncurrent loans to loans
  • 2.53%Net loans and leases to deposits
  • 60.57%Net loans and leases to core deposits
  • 68.18%Equity capital to assets
  • 12.65%Core capital (leverage) ratio
  • 11.63%Tier 1 risk-based capital ratio
  • 18.40%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $442,954Average earning assets
  • $53,100Average equity
  • $420,063Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $53,437Managed Assets
  • 1Number of Accounts
  • $30,263Personal trust and agency accounts
  • $24,792Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $4,754Other fiduciary accounts
  • $717Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 277Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $23,174Other retirement accounts
  • $309Corporate trust and agency accounts
  • $9,070Other fiduciary accounts
  • $12,393Fiduciary accounts held in foreign offices

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02397The Farmers National Bank Of Prophet114 West Third Street, Prophetstown, IL 61277July 01, 1902Full Service Brick and Mortar
    1201827Geneseo Office700 U.S. Highway 6 East, Geneseo, IL 61254July 14, 1997Full Service Brick and Mortar
    2461709The Farmers National Park Of Prophet1100 East Lincolnway, Morrison, IL 61270December 18, 2006Full Service Brick and Mortar

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