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

This bank is inactive as of January 31, 1995

The First National Bank of Galena in Galena, Illinois (IL)
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The First National Bank of Galena - Overview

General
FDIC Certificate #: 3666
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Mercantile Bank (#5739)
Federal Reserve ID: 929231
Date Established: July 06, 1933
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 10313
FDIC's unique #: 2343
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 31, 1995
Last Structure Change Process Date: Febuary 23, 1995
Last Data Update: October 18, 1997
Data Source Date: April 05, 2012
Location
Address: 115 Perry Street, Galena, IL 61036
County: Jo Daviess
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
Financial Summary
Total assets: $83.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$25Total assets
$83,883Cash and due from depository institutions
$3,441Interest-bearing balances
$21Securities
$23,884Federal funds sold & reverse repurchase agreements
$570Net loans & leases
$51,455Loan loss allowance
$384Trading account assets
$2,724Bank premises and fixed assets
$590Other real estate owned
$0Goodwill and other intangibles
$1,219Life insurance assets
$0All other assets
$0Total liabilities and capital
$83,883Total liabilities
$77,451Total deposits
$72,070Interest-bearing deposits
$65,935Deposits held in domestic offices
72070.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$4,755Trading liabilities
$0Other borrowed funds
$216Subordinated debt
$0All other liabilities
$410Total equity capital
$410Total bank equity capital
$6,432Perpetual preferred stock
$0Common stock
$160Surplus
$160Undivided profits
Memoranda
$6,112Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$156Income earned, not collected on loans
$432Earning assets
$78,654Long-term assets (5+ years)
$13,826Average Assets, year-to-date
$84,421Average Assets, quarterly
$86,437Volatile liabilities
$10,706Insider loans
$494FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,907Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,782Total risk weighted assets
$53,433Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$5,770Total interest expense
$2,760Net interest income
$3,010Provision for loan and lease losses
$18Total noninterest income
$134Fiduciary activities
$0Service charges on deposit accounts
$161Trading account gains & fees
$0Additional noninterest income
-$27Total noninterest expense
$1,929Salaries and employee benefits
$704Premises and equipment expense
$182Additional noninterest expense
$1,043Pre-tax net operating income
$1,197Securities gains (losses)
$11Applicable income taxes
$354Income before extraordinary items
$854Extraordinary gains - net
$0Net income attributable to bank
$854Net charge-offs
$65Cash dividends
$600Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.27%Cost of funding earning assets
3.48%Net interest margin
3.79%Noninterest income to earning assets
0.17%Noninterest expense to earning assets
2.43%Net operating income to assets
1.00%Return on assets (ROA)
1.01%Pretax return on assets
1.43%Return on equity (ROE)
13.31%Retained earnings to average equity (YTD only)
3.96%Net charge-offs to loans
0.14%Credit loss provision to net charge-offs
27.69%Efficiency ratio
61,355Assets per employee
3.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.26%Loss allowance to loans
0.74%Loss allowance to noncurrent loans
246.15%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.30%Net loans and leases to deposits
71.40%Net loans and leases to core deposits
77.57%Equity capital to assets
7.67%Core capital (leverage) ratio
7.74%Tier 1 risk-based capital ratio
12.69%Total risk-based capital ratio
Memoranda
$13Average assets
$84,421Average earning assets
$6,416Average equity
$79,403Average loans

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