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

The First National Bank of Lacon - Overview

  • General
  • FDIC Certificate #: 3688
    Status: Active
    Federal Reserve ID: 824738
    Bank Holding Company (Regulatory Top Holder): First Lacon Corp. (RSSDID: 1208988, Location: Lacon, IL)
    Date Established: April 11, 1864
    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: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 11616
    FDIC's unique #: 2360
    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: Yes
    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: 111 South Broad Street, Lacon, IL 61540
    County: Marshall
    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
    Combined Statistical Area (CSA): Peoria-Canton, IL (#426)
    Core Based Statistical Area (CBSA): Peoria, IL (#37900)
    CBSA Metro Statistical Area: Peoria, IL (#37900)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $61.5 mil
    Equity capital: $5.3 mil
    Deposits held in domestic offices: $53.6 mil
    Return on assets (ROA): 0.98% ($0.6 mil)
    Quarterly return on assets: 0.90% ($0.6 mil)
    Return on Equity (ROE): 12.06% ($0.6 mil)
    Quarterly return on equity: 10.63% ($0.5 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.98% ($603.2 mil)
    Quarterly Pretax return on assets: 0.90% ($553.9 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, 2011)

  • Dollar figures in thousands
  • 14Total employees (full-time equivalent)
  • $61,549Total assets
  • $7,158Cash and due from depository institutions
  • $5,002Interest-bearing balances
  • $8,292Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $44,509Net loans & leases
  • $419Loan loss allowance
  • $0Trading account assets
  • $503Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $61,549Life insurance assets
  • $1,087All other assets
  • $56,262Total liabilities and capital
  • $53,634Total liabilities
  • $45,297Total deposits
  • $53,634Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,600Trading liabilities
  • $0Other borrowed funds
  • $28Subordinated debt
  • $5,287All other liabilities
  • $5,287Total equity capital
  • $5,287Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $1,600Surplus
  • $3,487Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $74Income earned, not collected on loans
  • $0Earning assets
  • $533Long-term assets (5+ years)
  • $57,803Average Assets, year-to-date
  • $8,371Average Assets, quarterly
  • $60,823Volatile liabilities
  • $60,840Insider loans
  • $46,063FHLB advances
  • $61,614Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,063Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,421Restructured Loans and leases
  • $526Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,753Total interest income
  • $451Total interest expense
  • $2,302Net interest income
  • $125Provision for loan and lease losses
  • $32Total noninterest income
  • $0Fiduciary activities
  • $66Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$34Additional noninterest income
  • $1,613Total noninterest expense
  • $1,015Salaries and employee benefits
  • $263Premises and equipment expense
  • $335Additional noninterest expense
  • $596Pre-tax net operating income
  • $1Securities gains (losses)
  • $0Applicable income taxes
  • $597Income before extraordinary items
  • $0Extraordinary gains - net
  • $597Net income attributable to bank
  • $0Net charge-offs
  • $597Cash dividends
  • $112Sale, conversion, retirement of capital stock, net
  • $530Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 4.00%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 12.06%Return on equity (ROE)
  • 1.35%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 111.61%Credit loss provision to net charge-offs
  • 6.44%Efficiency ratio
  • 69,109Assets per employee
  • 4.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 88.78%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 566.22%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 82.99%Net loans and leases to core deposits
  • 86.87%Equity capital to assets
  • 8.59%Core capital (leverage) ratio
  • 8.22%Tier 1 risk-based capital ratio
  • 10.99%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $60,823Average earning assets
  • $4,950Average equity
  • $57,500Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02360The First National Bank Of Lacon111 South Broad Street, Lacon, IL 61540April 11, 1864Full Service Brick and Mortar

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