Tremont Savings Bank in Tremont, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 14, 2010

Tremont Savings Bank in Tremont, Illinois (IL)
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Tremont Savings Bank - Overview

General
FDIC Certificate #: 31369
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Morton Community Bank (#18429)
Federal Reserve ID: 341972
Date Established: January 01, 1924
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 6821
FDIC's unique #: 44203
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: July 22, 1963
Last Structure Change Effective Date: August 14, 2010
Last Structure Change Process Date: August 24, 2010
Last Data Update: August 24, 2010
Data Source Date: April 05, 2012
Location
Address: 100 South Chestnut, Tremont, IL 61568
County: Tazewell
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Springfield Il
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Peoria-Pekin, IL (#6120)
Combined Statistical Area (CSA): Peoria-Canton, IL (#426)
Core Based Statistical Area (CBSA): Peoria, IL (#37900)
CBSA Metro Statistical Area: Peoria, IL (#37900)
Financial Summary
Total assets: $42.2 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, 2009)

Dollar figures in thousands
15Total employees (full-time equivalent)
$43,463Total assets
$3,537Cash and due from depository institutions
$3,087Interest-bearing balances
$7,456Securities
$23Federal funds sold & reverse repurchase agreements
$27,917Net loans & leases
$215Loan loss allowance
$0Trading account assets
$2,142Bank premises and fixed assets
$230Other real estate owned
$58Goodwill and other intangibles
$0Life insurance assets
$2,100All other assets
$43,463Total liabilities and capital
$39,948Total liabilities
$32,112Total deposits
$29,239Interest-bearing deposits
$32,112Deposits held in domestic offices
99.61%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,500Other borrowed funds
$0Subordinated debt
$336All other liabilities
$3,515Total equity capital
$3,515Total bank equity capital
$3,515Perpetual preferred stock
$0Common stock
$270Surplus
$900Undivided profits
Memoranda
$2,345Noncurrent loans and leases
$2,252Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$560Earning assets
$0Long-term assets (5+ years)
$243Average Assets, year-to-date
$38,483Average Assets, quarterly
$18,412Volatile liabilities
$44,212Insider loans
$43,409FHLB advances
$3,582Loans and leases held for sale
$1,621Unused loan commitments
$7,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,252Total unused commitments
$0Restructured Loans and leases
$215Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$2,107Total interest income
$922Total interest expense
$1,185Net interest income
$416Provision for loan and lease losses
$251Total noninterest income
$0Fiduciary activities
$68Service charges on deposit accounts
$0Trading account gains & fees
$183Additional noninterest income
$1,153Total noninterest expense
$562Salaries and employee benefits
$137Premises and equipment expense
$454Additional noninterest expense
-$133Pre-tax net operating income
$80Securities gains (losses)
-$6Applicable income taxes
-$47Income before extraordinary items
$0Extraordinary gains - net
-$47Net income attributable to bank
$0Net charge-offs
-$47Cash dividends
$531Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.33%Yield on earning assets
2.33%Cost of funding earning assets
3.00%Net interest margin
0.64%Noninterest income to earning assets
2.92%Noninterest expense to earning assets
-0.27%Net operating income to assets
-0.11%Return on assets (ROA)
-0.12%Pretax return on assets
-1.31%Return on equity (ROE)
-1.31%Retained earnings to average equity (YTD only)
1.80%Net charge-offs to loans
78.34%Credit loss provision to net charge-offs
0.53%Efficiency ratio
80,292Assets per employee
2.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.76%Loss allowance to noncurrent loans
38.39%Noncurrent assets plus other real estate owned to assets
1.82%Noncurrent loans to loans
1.99%Net loans and leases to deposits
86.94%Net loans and leases to core deposits
97.85%Equity capital to assets
8.09%Core capital (leverage) ratio
7.82%Tier 1 risk-based capital ratio
9.97%Total risk-based capital ratio
Memoranda
$11Average assets
$44,212Average earning assets
$3,591Average equity
$39,504Average loans

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