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



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The First National Bank of Sparta routing number info

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The First National Bank of Sparta
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)21
Total assets$80,194
Cash and due from depository institutions$2,933
Interest-bearing balances$590
Securities$35,281
Federal funds sold & reverse repurchase agreements$722
Net loans & leases$36,451
Loan loss allowance $439
Trading account assets$0
Bank premises and fixed assets$1,303
Other real estate owned$420
Goodwill and other intangibles$0
All other assets$3,084
Life insurance assets$80,194
Total liabilities and capital$71,726
Total liabilities$70,441
Total deposits$62,281
Interest-bearing deposits$70,441
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$213
Other borrowed funds $0
Subordinated debt $1,072
All other liabilities $8,468
Total equity capital$8,468
Total bank equity capital$8,468
Perpetual preferred stock$0
Common stock$100
Surplus$300
Undivided profits $8,068
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 $436
Earning assets $0
Long-term assets (5+ years) $398
Average Assets, year-to-date $73,044
Average Assets, quarterly $20,001
Volatile liabilities $80,250
Insider loans $82,134
FHLB advances $38,579
Loans and leases held for sale $80,644
Unused loan commitments $2,195
Tier 1 (core) risk-based capital $2,195
Tier 2 risk-based capital $8,025
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,325
Derivatives$418
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,153
Total interest expense $563
Net interest income $2,590
Provision for loan and lease losses $152
Total noninterest income $445
Fiduciary activities $0
Service charges on deposit accounts $132
Trading account gains & fees $0
Additional noninterest income $313
Total noninterest expense $2,296
Salaries and employee benefits $1,297
Premises and equipment expense $276
Additional noninterest expense $723
Pre-tax net operating income $587
Securities gains (losses) -$8
Applicable income taxes $5
Income before extraordinary items $574
Extraordinary gains - net $0
Net income attributable to bank $574
Net charge-offs $0
Cash dividends $574
Sale, conversion, retirement of capital stock, net $152
Net operating income $421
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.28%
Cost of funding earning assets 0.76%
Net interest margin 3.52%
Noninterest income to earning assets 0.60%
Noninterest expense to earning assets 3.12%
Net operating income to assets 0.73%
Return on assets (ROA) 0.72%
Pretax return on assets 0.72%
Return on equity (ROE) 6.85%
Retained earnings to average equity (YTD only) 1.83%
Net charge-offs to loans 0.41%
Credit loss provision to net charge-offs 100.00%
Efficiency ratio4.86%
Assets per employee$75,651
Cash dividends to net income (YTD only)3.82%
Condition Ratios (%)
Loss allowance to loans 73.34%
Loss allowance to noncurrent loans 1.19%
Noncurrent assets plus other real estate owned to assets 100.69%
Noncurrent loans to loans 1.07%
Net loans and leases to deposits1.18%
Net loans and leases to core deposits 51.75%
Equity capital to assets 52.40%
Core capital (leverage) ratio 10.56%
Tier 1 risk-based capital ratio 9.95%
Total risk-based capital ratio 20.80%
Memoranda
Average assets$22
Average earning assets$80,250
Average equity $8,377
Average loans $73,604
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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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