The Farmers and Merchants State Bank of Virden, Illinois in Virden, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 08, 2007

  • The Farmers and Merchants State Bank of Virden, Illinois in Virden, Illinois (IL)
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The Farmers and Merchants State Bank of Virden, Illinois - Overview

  • General
  • FDIC Certificate #: 12705
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Prairie State Bank and Trust (#27362)
    Federal Reserve ID: 139544
    Date Established: December 19, 1910
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 8058
    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: January 01, 1934
    Last Structure Change Effective Date: December 08, 2007
    Last Structure Change Process Date: January 08, 2008
    Last Data Update: January 08, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 East Jackson Street, Virden, IL 62690
    County: Macoupin
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Springfield Il
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Combined Statistical Area (CSA): St. Louis-St. Charles-Farmington, MO-IL (#476)
    Core Based Statistical Area (CBSA): St. Louis, MO-IL (#41180)
    CBSA Metro Statistical Area: St. Louis, MO-IL (#41180)
  • Financial Summary
  • Total assets: $82.9 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, 2006)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $79,992Total assets
  • $3,017Cash and due from depository institutions
  • $37Interest-bearing balances
  • $23,157Securities
  • $4,000Federal funds sold & reverse repurchase agreements
  • $48,248Net loans & leases
  • $400Loan loss allowance
  • $0Trading account assets
  • $386Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,184All other assets
  • $79,992Total liabilities and capital
  • $72,112Total liabilities
  • $65,563Total deposits
  • $59,138Interest-bearing deposits
  • $65,563Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,898Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,500Other borrowed funds
  • $0Subordinated debt
  • $151All other liabilities
  • $7,880Total equity capital
  • $7,880Total bank equity capital
  • $7,880Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $2,200Undivided profits
  • Memoranda
  • $5,380Noncurrent loans and leases
  • $4,258Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $41Earning assets
  • $0Long-term assets (5+ years)
  • $942Average Assets, year-to-date
  • $75,442Average Assets, quarterly
  • $6,779Volatile liabilities
  • $77,403Insider loans
  • $79,462FHLB advances
  • $10,679Loans and leases held for sale
  • $2,177Unused loan commitments
  • $3,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,258Total unused commitments
  • $0Restructured Loans and leases
  • $400Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $3,959Total interest income
  • $1,733Total interest expense
  • $2,226Net interest income
  • $55Provision for loan and lease losses
  • $561Total noninterest income
  • $2Fiduciary activities
  • $474Service charges on deposit accounts
  • $0Trading account gains & fees
  • $85Additional noninterest income
  • $1,544Total noninterest expense
  • $841Salaries and employee benefits
  • $128Premises and equipment expense
  • $575Additional noninterest expense
  • $1,188Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,188Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,188Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $55Sale, conversion, retirement of capital stock, net
  • $1,031Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 2.35%Cost of funding earning assets
  • 3.02%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 2.10%Noninterest expense to earning assets
  • 1.53%Net operating income to assets
  • 1.53%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 15.40%Return on equity (ROE)
  • 2.04%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 22.60%Efficiency ratio
  • 55,400Assets per employee
  • 4.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 86.78%Loss allowance to loans
  • 0.82%Loss allowance to noncurrent loans
  • 975.61%Noncurrent assets plus other real estate owned to assets
  • 0.05%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 73.59%Net loans and leases to core deposits
  • 82.08%Equity capital to assets
  • 9.85%Core capital (leverage) ratio
  • 9.87%Tier 1 risk-based capital ratio
  • 15.05%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $77,403Average earning assets
  • $7,714Average equity
  • $73,597Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $240Managed Assets
  • 1Number of Accounts
  • $240Personal trust and agency accounts
  • $240Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 23Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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