The First Trust and Savings Bank of Watseka, Illinois in Watseka, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First Trust and Savings Bank of Watseka, Illinois - Overview

  • General
  • FDIC Certificate #: 10831
    Status: Active
    Federal Reserve ID: 193649
    Bank Holding Company (Regulatory Top Holder): First Trust Holdings, Inc., The (RSSDID: 2251776, Location: Watseka, IL)
    Date Established: June 28, 1909
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 6929
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    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: 120 East Walnut Street, Watseka, IL 60970
    County: Iroquois
    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: $216.6 mil
    Equity capital: $26.3 mil
    Deposits held in domestic offices: $189.9 mil
    Return on assets (ROA): 1.44% ($3.1 mil)
    Quarterly return on assets: 1.40% ($3.0 mil)
    Return on Equity (ROE): 11.52% ($3.0 mil)
    Quarterly return on equity: 11.39% ($3.0 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 2.14% ($4,634.9 mil)
    Quarterly Pretax return on assets: 2.09% ($4,526.6 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
  • 37Total employees (full-time equivalent)
  • $216,583Total assets
  • $34,676Cash and due from depository institutions
  • $29,667Interest-bearing balances
  • $74,155Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $102,749Net loans & leases
  • $1,946Loan loss allowance
  • $0Trading account assets
  • $1,759Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $216,583Life insurance assets
  • $3,244All other assets
  • $190,293Total liabilities and capital
  • $189,892Total liabilities
  • $169,440Total deposits
  • $189,892Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $401Subordinated debt
  • $26,290All other liabilities
  • $26,290Total equity capital
  • $26,290Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $5,400Surplus
  • $20,390Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,267Income earned, not collected on loans
  • $0Earning assets
  • $2,124Long-term assets (5+ years)
  • $206,571Average Assets, year-to-date
  • $44,062Average Assets, quarterly
  • $201,331Volatile liabilities
  • $211,743Insider loans
  • $119,587FHLB advances
  • $213,693Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,500Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,354Restructured Loans and leases
  • $2,258Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,675Total interest income
  • $1,083Total interest expense
  • $6,592Net interest income
  • $135Provision for loan and lease losses
  • $1,588Total noninterest income
  • $219Fiduciary activities
  • $607Service charges on deposit accounts
  • $0Trading account gains & fees
  • $762Additional noninterest income
  • $3,752Total noninterest expense
  • $2,312Salaries and employee benefits
  • $431Premises and equipment expense
  • $1,009Additional noninterest expense
  • $4,293Pre-tax net operating income
  • $17Securities gains (losses)
  • $1,414Applicable income taxes
  • $2,896Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,896Net income attributable to bank
  • $0Net charge-offs
  • $2,896Cash dividends
  • $13Sale, conversion, retirement of capital stock, net
  • $965Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.01%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 1.96%Noninterest expense to earning assets
  • 1.43%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 2.14%Pretax return on assets
  • 11.52%Return on equity (ROE)
  • 7.68%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1038.46%Credit loss provision to net charge-offs
  • 340.62%Efficiency ratio
  • 45,868Assets per employee
  • 5.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.32%Loss allowance to loans
  • 1.86%Loss allowance to noncurrent loans
  • 153.59%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 54.11%Net loans and leases to core deposits
  • 57.35%Equity capital to assets
  • 12.14%Core capital (leverage) ratio
  • 11.93%Tier 1 risk-based capital ratio
  • 21.32%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $201,331Average earning assets
  • $25,146Average equity
  • $191,166Average 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
  • $78,340Managed Assets
  • 1Number of Accounts
  • $73,068Personal trust and agency accounts
  • $73,068Employee 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
  • 99Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,272Other retirement accounts
  • $1,049Corporate trust and agency accounts
  • $4,223Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06929The First Trust And Savings Bank Of Watseka, Illinois120 East Walnut Street, Watseka, IL 60970June 28, 1909Full Service Brick and Mortar
    22320Clifton Branch145 East Fifth Avenue, Clifton, IL 60927June 24, 1902Full Service Brick and Mortar

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