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

This bank is inactive as of October 26, 2007

  • The State Bank of Annawan in Annawan, Illinois (IL)
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The State Bank of Annawan - Overview

  • General
  • FDIC Certificate #: 10880
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BankOrion (#11739)
    Federal Reserve ID: 592831
    Date Established: Febuary 01, 1921
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 6962
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 26, 2007
    Last Structure Change Process Date: November 09, 2007
    Last Data Update: November 09, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 302 West Front Street, Annawan, IL 61234
    County: Henry
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Davenport-Moline-Rock Island, IA-IL (#1960)
    Core Based Statistical Area (CBSA): Davenport-Moline-Rock Island, IA-IL (#19340)
    CBSA Metro Statistical Area: Davenport-Moline-Rock Island, IA-IL (#19340)
  • Financial Summary
  • Total assets: $37.2 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, 2006)

  • Dollar figures in thousands
  • 10Total employees (full-time equivalent)
  • $35,012Total assets
  • $907Cash and due from depository institutions
  • $0Interest-bearing balances
  • $13,364Securities
  • $2,830Federal funds sold & reverse repurchase agreements
  • $16,740Net loans & leases
  • $150Loan loss allowance
  • $0Trading account assets
  • $156Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $710Life insurance assets
  • $1,015All other assets
  • $35,012Total liabilities and capital
  • $32,184Total liabilities
  • $31,548Total deposits
  • $28,626Interest-bearing deposits
  • $31,548Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $525Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $111All other liabilities
  • $2,828Total equity capital
  • $2,828Total bank equity capital
  • $2,828Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $1,600Undivided profits
  • Memoranda
  • $828Noncurrent loans and leases
  • $590Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $263Average Assets, year-to-date
  • $32,934Average Assets, quarterly
  • $4,016Volatile liabilities
  • $35,453Insider loans
  • $34,465FHLB advances
  • $7,474Loans and leases held for sale
  • $70Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $590Total unused commitments
  • $0Restructured Loans and leases
  • $150Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $1,921Total interest income
  • $904Total interest expense
  • $1,017Net interest income
  • $22Provision for loan and lease losses
  • $85Total noninterest income
  • $0Fiduciary activities
  • $25Service charges on deposit accounts
  • $0Trading account gains & fees
  • $60Additional noninterest income
  • $943Total noninterest expense
  • $605Salaries and employee benefits
  • $119Premises and equipment expense
  • $219Additional noninterest expense
  • $137Pre-tax net operating income
  • $0Securities gains (losses)
  • $18Applicable income taxes
  • $119Income before extraordinary items
  • $0Extraordinary gains - net
  • $119Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $80Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.75%Yield on earning assets
  • 2.70%Cost of funding earning assets
  • 3.04%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.34%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 4.32%Return on equity (ROE)
  • 1.41%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 85,572Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.23%Loss allowance to loans
  • 0.89%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 53.06%Net loans and leases to core deposits
  • 68.05%Equity capital to assets
  • 8.08%Core capital (leverage) ratio
  • 7.89%Tier 1 risk-based capital ratio
  • 15.32%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $35,453Average earning assets
  • $2,757Average equity
  • $33,432Average loans
1
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