The Gifford State Bank in Gifford, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Gifford State Bank - Overview

  • General
  • FDIC Certificate #: 10467
    Status: Active
    Federal Reserve ID: 557438
    Bank Holding Company (Regulatory Top Holder): Gifford Bancorp, Inc. Employee Stock Ownership Plan (RSSDID: 1916920, Location: Gifford, IL)
    Date Established: January 01, 1885
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 6695
    Numeric code: 21
    Regulator: FDIC
    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: 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
  • Location
  • Address: 304 South Main Street, Gifford, IL 61847
    County: Champaign
    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
    Metropolitan Statistical Area (MSA): Champaign-Urbana, IL (#1400)
    Core Based Statistical Area (CBSA): Champaign-Urbana, IL (#16580)
    CBSA Metro Statistical Area: Champaign-Urbana, IL (#16580)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $114.7 mil
    Equity capital: $10.2 mil
    Deposits held in domestic offices: $103.6 mil
    Return on assets (ROA): 0.94% ($1.1 mil)
    Quarterly return on assets: 0.86% ($1.0 mil)
    Return on Equity (ROE): 11.49% ($1.1 mil)
    Quarterly return on equity: 10.17% ($1.0 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.94% ($1,077.9 mil)
    Quarterly Pretax return on assets: 0.86% ($986.2 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
  • 30Total employees (full-time equivalent)
  • $114,675Total assets
  • $4,366Cash and due from depository institutions
  • $0Interest-bearing balances
  • $12,371Securities
  • $10,305Federal funds sold & reverse repurchase agreements
  • $77,925Net loans & leases
  • $803Loan loss allowance
  • $0Trading account assets
  • $5,354Bank premises and fixed assets
  • $101Other real estate owned
  • $63Goodwill and other intangibles
  • $114,675Life insurance assets
  • $4,190All other assets
  • $104,428Total liabilities and capital
  • $103,640Total liabilities
  • $90,331Total deposits
  • $103,640Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $788Subordinated debt
  • $10,247All other liabilities
  • $10,247Total equity capital
  • $10,247Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $675Surplus
  • $9,372Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $587Income earned, not collected on loans
  • $0Earning assets
  • $1,237Long-term assets (5+ years)
  • $100,601Average Assets, year-to-date
  • $12,566Average Assets, quarterly
  • $112,324Volatile liabilities
  • $114,458Insider loans
  • $90,449FHLB advances
  • $114,487Loans and leases held for sale
  • $2,377Unused loan commitments
  • $2,377Tier 1 (core) risk-based capital
  • $10,204Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,603Restructured Loans and leases
  • $70Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,777Total interest income
  • $1,044Total interest expense
  • $3,733Net interest income
  • $350Provision for loan and lease losses
  • $635Total noninterest income
  • $0Fiduciary activities
  • $209Service charges on deposit accounts
  • $0Trading account gains & fees
  • $426Additional noninterest income
  • $2,966Total noninterest expense
  • $1,542Salaries and employee benefits
  • $551Premises and equipment expense
  • $873Additional noninterest expense
  • $1,052Pre-tax net operating income
  • $3Securities gains (losses)
  • $0Applicable income taxes
  • $1,055Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,055Net income attributable to bank
  • $0Net charge-offs
  • $1,055Cash dividends
  • $148Sale, conversion, retirement of capital stock, net
  • $550Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.85%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 3.79%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • 0.94%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 11.49%Return on equity (ROE)
  • 5.50%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 236.49%Credit loss provision to net charge-offs
  • 9.47%Efficiency ratio
  • 67,903Assets per employee
  • 3.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.13%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 136.80%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 75.19%Net loans and leases to core deposits
  • 80.54%Equity capital to assets
  • 8.94%Core capital (leverage) ratio
  • 8.91%Tier 1 risk-based capital ratio
  • 11.28%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $112,324Average earning assets
  • $9,182Average equity
  • $98,403Average loans

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06695The Gifford State Bank304 South Main Street, Gifford, IL 61847January 01, 1885Full Service Brick and Mortar
    1444336Saint Joseph Branch218 East Lincoln, Saint Joseph, IL 61873August 01, 2005Full Service Brick and Mortar
    2511466Thomasboro Branch101 Main Street, Thomasboro, IL 61878October 01, 2009Full Service Brick and Mortar

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