The First National Bank of Lacon in Lacon, Illinois (IL)



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The First National Bank of Lacon routing number info

Table of contents:
The First National Bank of Lacon
GeneralFDIC 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
WWW: http://www.fnblacon.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: 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)14
Total assets$61,549
Cash and due from depository institutions$7,158
Interest-bearing balances$5,002
Securities$8,292
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$44,509
Loan loss allowance $419
Trading account assets$0
Bank premises and fixed assets$503
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,087
Life insurance assets$61,549
Total liabilities and capital$56,262
Total liabilities$53,634
Total deposits$45,297
Interest-bearing deposits$53,634
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,600
Other borrowed funds $0
Subordinated debt $28
All other liabilities $5,287
Total equity capital$5,287
Total bank equity capital$5,287
Perpetual preferred stock$0
Common stock$200
Surplus$1,600
Undivided profits $3,487
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $74
Earning assets $0
Long-term assets (5+ years) $533
Average Assets, year-to-date $57,803
Average Assets, quarterly $8,371
Volatile liabilities $60,823
Insider loans $60,840
FHLB advances $46,063
Loans and leases held for sale $61,614
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,063
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,421
Derivatives$526
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,753
Total interest expense $451
Net interest income $2,302
Provision for loan and lease losses $125
Total noninterest income $32
Fiduciary activities $0
Service charges on deposit accounts $66
Trading account gains & fees $0
Additional noninterest income -$34
Total noninterest expense $1,613
Salaries and employee benefits $1,015
Premises and equipment expense $263
Additional noninterest expense $335
Pre-tax net operating income $596
Securities gains (losses) $1
Applicable income taxes $0
Income before extraordinary items $597
Extraordinary gains - net $0
Net income attributable to bank $597
Net charge-offs $0
Cash dividends $597
Sale, conversion, retirement of capital stock, net $112
Net operating income $530
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.79%
Cost of funding earning assets 0.78%
Net interest margin 4.00%
Noninterest income to earning assets 0.06%
Noninterest expense to earning assets 2.81%
Net operating income to assets 0.98%
Return on assets (ROA) 0.98%
Pretax return on assets 0.98%
Return on equity (ROE) 12.06%
Retained earnings to average equity (YTD only) 1.35%
Net charge-offs to loans 0.27%
Credit loss provision to net charge-offs 111.61%
Efficiency ratio6.44%
Assets per employee$69,109
Cash dividends to net income (YTD only)4.40%
Condition Ratios (%)
Loss allowance to loans 88.78%
Loss allowance to noncurrent loans 0.93%
Noncurrent assets plus other real estate owned to assets 566.22%
Noncurrent loans to loans 0.12%
Net loans and leases to deposits0.16%
Net loans and leases to core deposits 82.99%
Equity capital to assets 86.87%
Core capital (leverage) ratio 8.59%
Tier 1 risk-based capital ratio 8.22%
Total risk-based capital ratio 10.99%
Memoranda
Average assets$12
Average earning assets$60,823
Average equity $4,950
Average loans $57,500
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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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