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


The First National Bank of Sullivan - Overview

  • General
  • FDIC Certificate #: 3745
    Status: Active
    Federal Reserve ID: 459644
    Bank Holding Company (Regulatory Top Holder): Sullivan Bancshares, Inc. (RSSDID: 1363887, Location: Sullivan, IL)
    Date Established: April 05, 1905
    WWW: http://www.firstsullivan.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 10420
    FDIC's unique #: 2410
    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: 1 South Main Street, Sullivan, IL 61951
    County: Moultrie
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $73.7 mil
    Equity capital: $6.2 mil
    Deposits held in domestic offices: $59.6 mil
    Return on assets (ROA): 0.55% ($0.4 mil)
    Quarterly return on assets: 0.49% ($0.4 mil)
    Return on Equity (ROE): 6.83% ($0.4 mil)
    Quarterly return on equity: 6.10% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.55% ($405.3 mil)
    Quarterly Pretax return on assets: 0.49% ($361.1 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
  • 24Total employees (full-time equivalent)
  • $73,688Total assets
  • $9,062Cash and due from depository institutions
  • $6,165Interest-bearing balances
  • $12,902Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $48,290Net loans & leases
  • $383Loan loss allowance
  • $0Trading account assets
  • $676Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $73,688Life insurance assets
  • $2,758All other assets
  • $67,513Total liabilities and capital
  • $59,625Total liabilities
  • $51,670Total deposits
  • $59,625Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 1151.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,514Trading liabilities
  • $0Other borrowed funds
  • $223Subordinated debt
  • $6,175All other liabilities
  • $6,175Total equity capital
  • $6,175Total bank equity capital
  • $0Perpetual preferred stock
  • $367Common stock
  • $900Surplus
  • $4,908Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $482Income earned, not collected on loans
  • $0Earning assets
  • $432Long-term assets (5+ years)
  • $67,357Average Assets, year-to-date
  • $14,437Average Assets, quarterly
  • $75,791Volatile liabilities
  • $76,243Insider loans
  • $47,756FHLB advances
  • $75,953Loans and leases held for sale
  • $1,590Unused loan commitments
  • $900Tier 1 (core) risk-based capital
  • $6,160Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $690Total unused commitments
  • $4,870Restructured Loans and leases
  • $1,067Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,041Total interest income
  • $559Total interest expense
  • $2,482Net interest income
  • $263Provision for loan and lease losses
  • $276Total noninterest income
  • $17Fiduciary activities
  • $199Service charges on deposit accounts
  • $0Trading account gains & fees
  • $60Additional noninterest income
  • $2,121Total noninterest expense
  • $1,117Salaries and employee benefits
  • $241Premises and equipment expense
  • $763Additional noninterest expense
  • $374Pre-tax net operating income
  • $40Securities gains (losses)
  • $0Applicable income taxes
  • $414Income before extraordinary items
  • $0Extraordinary gains - net
  • $414Net income attributable to bank
  • $0Net charge-offs
  • $414Cash dividends
  • $476Sale, conversion, retirement of capital stock, net
  • $349Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 3.04%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.55%Pretax return on assets
  • 6.83%Return on equity (ROE)
  • 1.07%Retained earnings to average equity (YTD only)
  • 0.99%Net charge-offs to loans
  • 55.25%Credit loss provision to net charge-offs
  • 1.34%Efficiency ratio
  • 76,904Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.30%Loss allowance to loans
  • 0.79%Loss allowance to noncurrent loans
  • 79.46%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 0.99%Net loans and leases to deposits
  • 80.99%Net loans and leases to core deposits
  • 81.50%Equity capital to assets
  • 8.38%Core capital (leverage) ratio
  • 8.11%Tier 1 risk-based capital ratio
  • 12.90%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $75,791Average earning assets
  • $6,059Average equity
  • $69,820Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $12,219Managed Assets
  • 1Number of Accounts
  • $521Personal trust and agency accounts
  • $521Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 68Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $11,698Other retirement accounts
  • $10,222Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,476Fiduciary accounts held in foreign offices

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02410The First National Bank Of Sullivan1 South Main Street, Sullivan, IL 61951April 05, 1905Full Service Brick and Mortar
    1201864Sullivan BranchHamilton Street And Roane Street, Sullivan, IL 61951January 21, 1997Full Service Brick and Mortar

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