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


The First National Bank of Sparta - Overview

  • General
  • FDIC Certificate #: 3837
    Status: Active
    Federal Reserve ID: 246947
    Bank Holding Company (Regulatory Top Holder): First Bancorp Of Sparta, Ltd. (RSSDID: 1099421, Location: Sparta, IL)
    Date Established: October 02, 1885
    WWW: http://www.fnbsparta.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)
    FDIC's unique #: 2496
    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: Broadway And Market Streets, Sparta, IL 62286
    County: Randolph
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Mount Vernon
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $80.2 mil
    Equity capital: $8.5 mil
    Deposits held in domestic offices: $70.4 mil
    Return on assets (ROA): 0.72% ($0.6 mil)
    Quarterly return on assets: 0.79% ($0.6 mil)
    Return on Equity (ROE): 6.85% ($0.5 mil)
    Quarterly return on equity: 7.57% ($0.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.72% ($577.4 mil)
    Quarterly Pretax return on assets: 0.80% ($641.6 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
  • 21Total employees (full-time equivalent)
  • $80,194Total assets
  • $2,933Cash and due from depository institutions
  • $590Interest-bearing balances
  • $35,281Securities
  • $722Federal funds sold & reverse repurchase agreements
  • $36,451Net loans & leases
  • $439Loan loss allowance
  • $0Trading account assets
  • $1,303Bank premises and fixed assets
  • $420Other real estate owned
  • $0Goodwill and other intangibles
  • $80,194Life insurance assets
  • $3,084All other assets
  • $71,726Total liabilities and capital
  • $70,441Total liabilities
  • $62,281Total deposits
  • $70,441Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $213Trading liabilities
  • $0Other borrowed funds
  • $1,072Subordinated debt
  • $8,468All other liabilities
  • $8,468Total equity capital
  • $8,468Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $300Surplus
  • $8,068Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $436Income earned, not collected on loans
  • $0Earning assets
  • $398Long-term assets (5+ years)
  • $73,044Average Assets, year-to-date
  • $20,001Average Assets, quarterly
  • $80,250Volatile liabilities
  • $82,134Insider loans
  • $38,579FHLB advances
  • $80,644Loans and leases held for sale
  • $2,195Unused loan commitments
  • $2,195Tier 1 (core) risk-based capital
  • $8,025Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,325Restructured Loans and leases
  • $418Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,153Total interest income
  • $563Total interest expense
  • $2,590Net interest income
  • $152Provision for loan and lease losses
  • $445Total noninterest income
  • $0Fiduciary activities
  • $132Service charges on deposit accounts
  • $0Trading account gains & fees
  • $313Additional noninterest income
  • $2,296Total noninterest expense
  • $1,297Salaries and employee benefits
  • $276Premises and equipment expense
  • $723Additional noninterest expense
  • $587Pre-tax net operating income
  • -$8Securities gains (losses)
  • $5Applicable income taxes
  • $574Income before extraordinary items
  • $0Extraordinary gains - net
  • $574Net income attributable to bank
  • $0Net charge-offs
  • $574Cash dividends
  • $152Sale, conversion, retirement of capital stock, net
  • $421Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.28%Yield on earning assets
  • 0.76%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 6.85%Return on equity (ROE)
  • 1.83%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 4.86%Efficiency ratio
  • 75,651Assets per employee
  • 3.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 73.34%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 100.69%Noncurrent assets plus other real estate owned to assets
  • 1.07%Noncurrent loans to loans
  • 1.18%Net loans and leases to deposits
  • 51.75%Net loans and leases to core deposits
  • 52.40%Equity capital to assets
  • 10.56%Core capital (leverage) ratio
  • 9.95%Tier 1 risk-based capital ratio
  • 20.80%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $80,250Average earning assets
  • $8,377Average equity
  • $73,604Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02496The First National Bank Of SpartaBroadway And Market Streets, Sparta, IL 62286October 02, 1885Full Service Brick and Mortar

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