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

Washington State Bank - Overview

  • General
  • FDIC Certificate #: 16667
    Status: Active
    Federal Reserve ID: 480246
    Bank Holding Company (Regulatory Top Holder): R & B Management Corporation (RSSDID: 1201804, Location: Washington, IL)
    Date Established: January 17, 1948
    WWW: http://www.washingtonstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 10798
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 17, 1948
    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: 1110 Peoria Street, Washington, IL 61571
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $52.6 mil
    Equity capital: $5.2 mil
    Deposits held in domestic offices: $46.7 mil
    Return on assets (ROA): 0.66% ($0.3 mil)
    Quarterly return on assets: 0.60% ($0.3 mil)
    Return on Equity (ROE): 6.59% ($0.3 mil)
    Quarterly return on equity: 6.12% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.04% ($546.6 mil)
    Quarterly Pretax return on assets: 0.96% ($504.6 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
  • 13Total employees (full-time equivalent)
  • $52,558Total assets
  • $2,747Cash and due from depository institutions
  • $1,150Interest-bearing balances
  • $25,358Securities
  • $920Federal funds sold & reverse repurchase agreements
  • $22,917Net loans & leases
  • $119Loan loss allowance
  • $0Trading account assets
  • $137Bank premises and fixed assets
  • $115Other real estate owned
  • $0Goodwill and other intangibles
  • $52,558Life insurance assets
  • $364All other assets
  • $47,348Total liabilities and capital
  • $46,700Total liabilities
  • $37,341Total deposits
  • $46,700Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $648Subordinated debt
  • $5,210All other liabilities
  • $5,210Total equity capital
  • $5,210Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $1,000Surplus
  • $3,960Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $148Income earned, not collected on loans
  • $0Earning assets
  • $235Long-term assets (5+ years)
  • $50,345Average Assets, year-to-date
  • $30,747Average Assets, quarterly
  • $52,323Volatile liabilities
  • $53,565Insider loans
  • $22,088FHLB advances
  • $54,211Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,901Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $493Restructured Loans and leases
  • $280Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,856Total interest income
  • $290Total interest expense
  • $1,566Net interest income
  • $37Provision for loan and lease losses
  • $177Total noninterest income
  • $0Fiduciary activities
  • $102Service charges on deposit accounts
  • $0Trading account gains & fees
  • $75Additional noninterest income
  • $1,162Total noninterest expense
  • $615Salaries and employee benefits
  • $100Premises and equipment expense
  • $447Additional noninterest expense
  • $544Pre-tax net operating income
  • $0Securities gains (losses)
  • $201Applicable income taxes
  • $343Income before extraordinary items
  • $0Extraordinary gains - net
  • $343Net income attributable to bank
  • $0Net charge-offs
  • $343Cash dividends
  • $21Sale, conversion, retirement of capital stock, net
  • $225Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.70%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 3.12%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.31%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 6.59%Return on equity (ROE)
  • 2.27%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 176.19%Credit loss provision to net charge-offs
  • 27.67%Efficiency ratio
  • 66,667Assets per employee
  • 4.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.60%Loss allowance to loans
  • 0.52%Loss allowance to noncurrent loans
  • 80.41%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 49.07%Net loans and leases to core deposits
  • 50.31%Equity capital to assets
  • 9.91%Core capital (leverage) ratio
  • 9.04%Tier 1 risk-based capital ratio
  • 22.19%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $52,323Average earning assets
  • $5,206Average equity
  • $50,203Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010798Washington State Bank1110 Peoria Street, Washington, IL 61571January 17, 1948Full Service Brick and Mortar
    1459479Cherry Tree Shopping Center Branch32 Cherry Tree Shopping Center, Washington, IL 61571August 11, 1981Full Service Brick and Mortar

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