Vermilion Valley Bank in Piper City, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Vermilion Valley Bank - Overview

  • General
  • FDIC Certificate #: 11667
    Status: Active
    Federal Reserve ID: 666844
    Bank Holding Company (Regulatory Top Holder): Piper Bankshares, Inc. (RSSDID: 1398991, Location: Piper City, IL)
    Date Established: July 25, 1913
    WWW: http://www.vermilionvalleybank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 15448
    FDIC's unique #: 7455
    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: May 31, 2007
    Last Structure Change Process Date: May 31, 2007
    Last Data Update: May 31, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 4 East Peoria, Piper City, IL 60959
    County: Ford
    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
    Core Based Statistical Area (CBSA): Champaign-Urbana, IL (#16580)
    CBSA Metro Statistical Area: Champaign-Urbana, IL (#16580)
  • Financial Summary
  • Total assets: $118.8 mil
    Equity capital: $13.0 mil
    Deposits held in domestic offices: $96.9 mil
    Return on assets (ROA): 1.63% ($1.9 mil)
    Quarterly return on assets: 1.61% ($1.9 mil)
    Return on Equity (ROE): 14.19% ($1.8 mil)
    Quarterly return on equity: 14.17% ($1.8 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.64% ($1,949.1 mil)
    Quarterly Pretax return on assets: 1.61% ($1,913.5 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)
  • $118,848Total assets
  • $2,431Cash and due from depository institutions
  • $96Interest-bearing balances
  • $42,317Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $69,264Net loans & leases
  • $865Loan loss allowance
  • $0Trading account assets
  • $1,528Bank premises and fixed assets
  • $261Other real estate owned
  • $925Goodwill and other intangibles
  • $118,847Life insurance assets
  • $2,122All other assets
  • $105,845Total liabilities and capital
  • $96,933Total liabilities
  • $81,226Total deposits
  • $96,933Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 1270.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,375Trading liabilities
  • $0Other borrowed funds
  • $267Subordinated debt
  • $13,002All other liabilities
  • $13,002Total equity capital
  • $13,002Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $6,262Surplus
  • $6,540Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $448Income earned, not collected on loans
  • $0Earning assets
  • $1,535Long-term assets (5+ years)
  • $111,677Average Assets, year-to-date
  • $17,694Average Assets, quarterly
  • $107,723Volatile liabilities
  • $113,617Insider loans
  • $75,960FHLB advances
  • $111,013Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,600Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,648Restructured Loans and leases
  • $1,809Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,465Total interest income
  • $702Total interest expense
  • $3,763Net interest income
  • $105Provision for loan and lease losses
  • $412Total noninterest income
  • $45Fiduciary activities
  • $174Service charges on deposit accounts
  • $0Trading account gains & fees
  • $193Additional noninterest income
  • $2,298Total noninterest expense
  • $1,198Salaries and employee benefits
  • $248Premises and equipment expense
  • $852Additional noninterest expense
  • $1,772Pre-tax net operating income
  • $0Securities gains (losses)
  • $19Applicable income taxes
  • $1,753Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,753Net income attributable to bank
  • $0Net charge-offs
  • $1,753Cash dividends
  • $99Sale, conversion, retirement of capital stock, net
  • $615Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.45%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.29%Noninterest expense to earning assets
  • 1.63%Net operating income to assets
  • 1.63%Return on assets (ROA)
  • 1.64%Pretax return on assets
  • 14.19%Return on equity (ROE)
  • 9.21%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 106.06%Credit loss provision to net charge-offs
  • 18.96%Efficiency ratio
  • 55,042Assets per employee
  • 4.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.08%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 193.08%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 71.46%Net loans and leases to core deposits
  • 72.28%Equity capital to assets
  • 10.94%Core capital (leverage) ratio
  • 10.45%Tier 1 risk-based capital ratio
  • 15.27%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $107,723Average earning assets
  • $12,356Average equity
  • $100,446Average 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
  • $18,983Managed Assets
  • 1Number of Accounts
  • $18,983Personal trust and agency accounts
  • $17,890Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,093Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 21Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07455Vermilion Valley Bank4 East Peoria, Piper City, IL 60959July 25, 1913Full Service Brick and Mortar
    12323Cullom Branch111 West Hack Street, Cullom, IL 60929May 11, 1907Full Service Brick and Mortar
    210558Kempton BranchMain Street, Kempton, IL 60946Febuary 16, 1946Full Service Brick and Mortar
    37886Roberts BranchGreen Street, Roberts, IL 60962July 01, 1920Full Service Brick and Mortar
    4451656Chatsworth Branch509 S 4th St, Chatsworth, IL 60921October 24, 2005Full Service Brick and Mortar

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