West Central Bank in Ashland, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

West Central Bank - Overview

  • General
  • FDIC Certificate #: 10853
    Status: Active
    Federal Reserve ID: 920733
    Bank Holding Company (Regulatory Top Holder): West Central Bancshares, Inc. (RSSDID: 1129944, Location: Ashland, IL)
    Date Established: June 12, 1933
    WWW: http://www.westcentralbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 6943
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 02, 2009
    Last Structure Change Process Date: October 20, 2009
    Last Data Update: October 20, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 E Buchanan, Ashland, IL 62612
    County: Cass
    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
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total assets: $150.9 mil
    Equity capital: $16.0 mil
    Deposits held in domestic offices: $129.0 mil
    Return on assets (ROA): 1.14% ($1.7 mil)
    Quarterly return on assets: 0.93% ($1.4 mil)
    Return on Equity (ROE): 10.26% ($1.6 mil)
    Quarterly return on equity: 8.46% ($1.4 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.14% ($1,719.9 mil)
    Quarterly Pretax return on assets: 0.93% ($1,403.1 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
  • 37Total employees (full-time equivalent)
  • $150,866Total assets
  • $15,027Cash and due from depository institutions
  • $1,202Interest-bearing balances
  • $32,334Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $96,298Net loans & leases
  • $925Loan loss allowance
  • $0Trading account assets
  • $2,556Bank premises and fixed assets
  • $202Other real estate owned
  • $1,813Goodwill and other intangibles
  • $150,866Life insurance assets
  • $2,636All other assets
  • $134,897Total liabilities and capital
  • $129,040Total liabilities
  • $98,256Total deposits
  • $129,040Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,500Trading liabilities
  • $0Other borrowed funds
  • $357Subordinated debt
  • $15,969All other liabilities
  • $15,969Total equity capital
  • $15,969Total bank equity capital
  • $0Perpetual preferred stock
  • $1,600Common stock
  • $3,985Surplus
  • $10,384Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $673Income earned, not collected on loans
  • $290Earning assets
  • $1,249Long-term assets (5+ years)
  • $129,834Average Assets, year-to-date
  • $43,072Average Assets, quarterly
  • $139,883Volatile liabilities
  • $146,019Insider loans
  • $97,234FHLB advances
  • $143,920Loans and leases held for sale
  • $226Unused loan commitments
  • $226Tier 1 (core) risk-based capital
  • $13,372Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,658Restructured Loans and leases
  • $1,738Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,230Total interest income
  • $1,255Total interest expense
  • $4,975Net interest income
  • $271Provision for loan and lease losses
  • $1,735Total noninterest income
  • $62Fiduciary activities
  • $748Service charges on deposit accounts
  • $0Trading account gains & fees
  • $925Additional noninterest income
  • $4,977Total noninterest expense
  • $2,565Salaries and employee benefits
  • $868Premises and equipment expense
  • $1,544Additional noninterest expense
  • $1,462Pre-tax net operating income
  • $137Securities gains (losses)
  • $0Applicable income taxes
  • $1,599Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,599Net income attributable to bank
  • $0Net charge-offs
  • $1,599Cash dividends
  • $201Sale, conversion, retirement of capital stock, net
  • $957Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.95%Net interest margin
  • 1.38%Noninterest income to earning assets
  • 3.95%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.14%Pretax return on assets
  • 10.26%Return on equity (ROE)
  • 4.12%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 134.83%Credit loss provision to net charge-offs
  • 8.62%Efficiency ratio
  • 74,173Assets per employee
  • 4.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.85%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 137.44%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 74.63%Net loans and leases to core deposits
  • 76.60%Equity capital to assets
  • 10.58%Core capital (leverage) ratio
  • 9.29%Tier 1 risk-based capital ratio
  • 13.75%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $139,883Average earning assets
  • $15,579Average equity
  • $126,025Average 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
  • $18,444Managed Assets
  • 1Number of Accounts
  • $16,380Personal trust and agency accounts
  • $15,682Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $80Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $618Non-managed Assets
  • 87Number of Accounts
  • $0Personal trust and agency accounts
  • $80Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,064Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,064Fiduciary accounts held in foreign offices

List of branches

  • 6 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06943West Central Bank400 E Buchanan, Ashland, IL 62612June 12, 1933Full Service Brick and Mortar
    1223045Fremont Street BranchSylvan And Fremont Streets, Ashland, IL 62612October 03, 1977Limited Service Facility
    27981Beardstown Branch122 South State Street, Beardstown, IL 62618Febuary 16, 1889Full Service Brick and Mortar
    3227455Rushville BranchU.S. Routes 24 And 67, Rushville, IL 62681April 03, 1995Full Service Brick and Mortar
    4522241Springfield Branch979 Clock Tower Drive, Springfield, IL 62704May 18, 2011Full Service Brick and Mortar
    5526565Beardstown Il Facility1 Plaza Drive, Beardstown, IL 62618October 25, 2011Limited Service Facility

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