Palmer-American National Bank of Danville in Danville, Illinois (IL)
Table of contents:
| Palmer-American National Bank of Danville | |
|---|---|
| General | FDIC Certificate #: 3646 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Old National Bank (#4393) Federal Reserve ID: 164733 Date Established: April 15, 1892 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 8 (Interstate: No) OTS Docket #: 14323 FDIC's unique #: 2327 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 04, 1999 Last Structure Change Process Date: December 02, 1999 Last Data Update: December 02, 1999 Data Source Date: April 05, 2012 |
| Location | Address: 2 West Main Street, Danville, IL 61832 County: Vermilion 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): Danville, IL (#19180) CBSA Metro Statistical Area: Danville, IL (#19180) |
| Financial Summary | Total assets: $314.0 mil |
| Assets and Liabilities (December 31, 1998) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 116 |
| Total assets | $308,025 |
| Cash and due from depository institutions | $8,660 |
| Interest-bearing balances | $99 |
| Securities | $95,609 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $192,743 |
| Loan loss allowance | $3,138 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,493 |
| Other real estate owned | $277 |
| Goodwill and other intangibles | $2,170 |
| All other assets | $5,073 |
| Life insurance assets | $0 |
| Total liabilities and capital | $308,025 |
| Total liabilities | $279,618 |
| Total deposits | $262,563 |
| Interest-bearing deposits | $232,950 |
| Deposits held in domestic offices | $262,563 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $6,854 |
| Trading liabilities | $0 |
| Other borrowed funds | $8,129 |
| Subordinated debt | $0 |
| All other liabilities | $2,072 |
| Total equity capital | $28,407 |
| Total bank equity capital | $28,407 |
| Perpetual preferred stock | $28,407 |
| Common stock | $0 |
| Surplus | $2,268 |
| Undivided profits | $8,520 |
| Memoranda | |
| Noncurrent loans and leases | $17,619 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $0 |
| Earning assets | $1,603 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $1,981 |
| Average Assets, quarterly | $288,451 |
| Volatile liabilities | $99,631 |
| Insider loans | $301,861 |
| FHLB advances | $305,718 |
| Loans and leases held for sale | $38,176 |
| Unused loan commitments | $10,781 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $28,552 |
| Restructured Loans and leases | $0 |
| Derivatives | $186,137 |
| Income and Expense (December 31, 1998) (Dollar figures in thousands) | |
| Total interest income | $21,942 |
| Total interest expense | $9,757 |
| Net interest income | $12,185 |
| Provision for loan and lease losses | $1,115 |
| Total noninterest income | $2,347 |
| Fiduciary activities | $385 |
| Service charges on deposit accounts | $1,318 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $644 |
| Total noninterest expense | $8,378 |
| Salaries and employee benefits | $3,865 |
| Premises and equipment expense | $1,204 |
| Additional noninterest expense | $3,309 |
| Pre-tax net operating income | $5,039 |
| Securities gains (losses) | -$4 |
| Applicable income taxes | $1,581 |
| Income before extraordinary items | $3,454 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,454 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $547 |
| Net operating income | $4,886 |
| Performance and Condition Ratios (December 31, 1998) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 7.90% |
| Cost of funding earning assets | 3.51% |
| Net interest margin | 4.39% |
| Noninterest income to earning assets | 0.84% |
| Noninterest expense to earning assets | 3.02% |
| Net operating income to assets | 1.15% |
| Return on assets (ROA) | 1.14% |
| Pretax return on assets | 1.67% |
| Return on equity (ROE) | 12.15% |
| Retained earnings to average equity (YTD only) | -5.04% |
| Net charge-offs to loans | 0.29% |
| Credit loss provision to net charge-offs | 204.96% |
| Efficiency ratio | 11.25% |
| Assets per employee | $56,056 |
| Cash dividends to net income (YTD only) | 2.66% |
| Condition Ratios (%) | |
| Loss allowance to loans | 141.46% |
| Loss allowance to noncurrent loans | 1.60% |
| Noncurrent assets plus other real estate owned to assets | 195.76% |
| Noncurrent loans to loans | 0.61% |
| Net loans and leases to deposits | 0.82% |
| Net loans and leases to core deposits | 73.41% |
| Equity capital to assets | 83.13% |
| Core capital (leverage) ratio | 9.22% |
| Tier 1 risk-based capital ratio | 8.11% |
| Total risk-based capital ratio | 13.46% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $301,861 |
| Average equity | $28,436 |
| Average loans | $277,764 |
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