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


The First National Bank of Grant Park - Overview

  • General
  • FDIC Certificate #: 3675
    Status: Active
    Federal Reserve ID: 620930
    Bank Holding Company (Regulatory Top Holder): Grant Park Bancshares, Inc. (RSSDID: 2256221, Location: Grant Park, IL)
    Date Established: January 01, 1921
    WWW: http://www.1st-nationalbank.com
    Trust Powers Granted: No
    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 #: 14171
    FDIC's unique #: 2350
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    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: 119 North Main Street, Grant Park, IL 60940
    County: Kankakee
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Champaign
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Kankakee, IL (#3740)
    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): Kankakee-Bradley, IL (#28100)
    CBSA Metro Statistical Area: Kankakee-Bradley, IL (#28100)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $118.6 mil
    Equity capital: $10.1 mil
    Deposits held in domestic offices: $102.1 mil
    Return on assets (ROA): -1.10% (-$1.3 mil)
    Quarterly return on assets: -5.01% (-$6.0 mil)
    Return on Equity (ROE): -12.46% (-$1.2 mil)
    Quarterly return on equity: -55.11% (-$5.5 mil)
    Net income: -$1.3 mil
    Quarterly Net income: -$1.5 mil
    Pretax return on assets: -1.10% (-$1,304.7 mil)
    Quarterly Pretax return on assets: -5.01% (-$5,942.3 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
  • 35Total employees (full-time equivalent)
  • $118,608Total assets
  • $8,144Cash and due from depository institutions
  • $120Interest-bearing balances
  • $46,496Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $51,102Net loans & leases
  • $1,130Loan loss allowance
  • $0Trading account assets
  • $5,972Bank premises and fixed assets
  • $2,223Other real estate owned
  • $667Goodwill and other intangibles
  • $118,608Life insurance assets
  • $4,004All other assets
  • $108,539Total liabilities and capital
  • $102,084Total liabilities
  • $83,912Total deposits
  • $102,084Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 6106.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $349Subordinated debt
  • $10,069All other liabilities
  • $10,069Total equity capital
  • $10,069Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $10,298Surplus
  • $-429Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,794Income earned, not collected on loans
  • $0Earning assets
  • $498Long-term assets (5+ years)
  • $97,718Average Assets, year-to-date
  • $45,777Average Assets, quarterly
  • $120,779Volatile liabilities
  • $120,210Insider loans
  • $71,260FHLB advances
  • $119,533Loans and leases held for sale
  • $1,814Unused loan commitments
  • $1,814Tier 1 (core) risk-based capital
  • $8,052Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,698Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,966Total interest income
  • $831Total interest expense
  • $4,135Net interest income
  • $1,231Provision for loan and lease losses
  • $295Total noninterest income
  • $0Fiduciary activities
  • $374Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$79Additional noninterest income
  • $4,602Total noninterest expense
  • $2,008Salaries and employee benefits
  • $677Premises and equipment expense
  • $1,917Additional noninterest expense
  • -$1,403Pre-tax net operating income
  • $75Securities gains (losses)
  • $0Applicable income taxes
  • -$1,328Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,328Net income attributable to bank
  • $0Net charge-offs
  • -$1,328Cash dividends
  • $1,278Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 4.48%Noninterest expense to earning assets
  • -1.16%Net operating income to assets
  • -1.10%Return on assets (ROA)
  • -1.10%Pretax return on assets
  • -12.46%Return on equity (ROE)
  • -12.46%Retained earnings to average equity (YTD only)
  • 2.25%Net charge-offs to loans
  • 96.32%Credit loss provision to net charge-offs
  • -0.13%Efficiency ratio
  • 103,883Assets per employee
  • 3.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.16%Loss allowance to noncurrent loans
  • 40.44%Noncurrent assets plus other real estate owned to assets
  • 4.23%Noncurrent loans to loans
  • 5.35%Net loans and leases to deposits
  • 50.06%Net loans and leases to core deposits
  • 50.73%Equity capital to assets
  • 8.49%Core capital (leverage) ratio
  • 6.74%Tier 1 risk-based capital ratio
  • 11.30%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $120,779Average earning assets
  • $10,657Average equity
  • $102,647Average loans

List of branches

  • 4 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02350The First National Bank Of Grant Par119 North Main Street, Grant Park, IL 60940January 01, 1921Full Service Brick and Mortar
    2424668Beecher Banking Center Branch951 North Dixie Highway, Beecher, IL 60401November 17, 2003Full Service Brick and Mortar
    3429749Momence Banking Center Branch159 Stirling Place Ste 2, Momence, IL 60954May 17, 2004Full Service Retail
    5461710Bourbonnais Banking Center1690 North State Route 50, Bourbonnais, IL 60914Febuary 01, 2007Full Service Brick and Mortar

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