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| State Bank of Saunemin |
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| General | FDIC Certificate #: 12391
Status: Active
Federal Reserve ID: 575647
Date Established: 1911-06-01
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 #: 7879
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: 1934-01-01
Last Structure Change Effective Date: 2006-03-31
Last Structure Change Process Date: 2006-11-03
Last Data Update: 2006-11-03
Data Source Date: 2009-05-14 |
| Location | Address: Main Street, Saunemin, IL 61769
County: Livingston
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): Pontiac, IL (#38700)
CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $26.1 mil
Equity capital: $2.6 mil
Deposits held in domestic offices: $22.8 mil
Return on assets (ROA): 1.37% ($0.4 mil)
Quarterly return on assets: 1.50% ($0.4 mil)
Return on Equity (ROE): 14.40% ($0.4 mil)
Quarterly return on equity: 15.59% ($0.5 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.38% ($360.1 mil)
Quarterly Pretax return on assets: 1.53% ($399.3 mil) |
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2008 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, 2008)
(Dollar figures in thousands) |
| Total employees (full-time equivalent) | 7 |
| Total assets | $26,096 |
| Cash and due from depository institutions | $2,306 |
| Interest-bearing balances | $893 |
| Securities | $11,306 |
| Federal funds sold & reverse repurchase agreements | $360 |
| Net loans & leases | $11,445 |
| Loan loss allowance | $203 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $133 |
| Other real estate owned | $34 |
| Goodwill and other intangibles | $0 |
| All other assets | $512 |
| Life insurance assets | $148 |
| Total liabilities and capital | $26,096 |
| Total liabilities | $23,455 |
| Total deposits | $22,839 |
| Interest-bearing deposits | $19,747 |
| Deposits held in domestic offices | $22,839 |
| % insured (estimated) | 71.92% |
| Federal funds purchased & repurchase agreements | $34 |
| Trading liabilities | $0 |
| Other borrowed funds | $500 |
| Subordinated debt | $0 |
| All other liabilities | $82 |
| Total equity capital | $2,641 |
| Total bank equity capital | $2,641 |
| Perpetual preferred stock | $0 |
| Common stock | $150 |
| Surplus | $350 |
| Undivided profits | $2,141 |
| Memoranda |
| Noncurrent loans and leases | $61 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $258 |
| Earning assets | $24,004 |
| Long-term assets (5+ years) | $4,698 |
| Average Assets, year-to-date | $25,455 |
| Average Assets, quarterly | $26,080 |
| Volatile liabilities | $4,115 |
| Insider loans | $683 |
| FHLB advances | $500 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $2,488 |
| Tier 2 risk-based capital | $178 |
| Total risk weighted assets | $14,219 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
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Income and Expense (December 31, 2008)
(Dollar figures in thousands) |
| Total interest income | $1,434 |
| Total interest expense | $532 |
| Net interest income | $902 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $85 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $66 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $19 |
| Total noninterest expense | $634 |
| Salaries and employee benefits | $364 |
| Premises and equipment expense | $118 |
| Additional noninterest expense | $152 |
| Pre-tax net operating income | $353 |
| Securities gains (losses) | -$2 |
| Applicable income taxes | $2 |
| Income before extraordinary items | $349 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $349 |
| Net charge-offs | -$5 |
| Cash dividends | $130 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $351 |
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Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands) |
| Performance Ratios (%, annualized) |
| Yield on earning assets | 5.98% |
| Cost of funding earning assets | 2.22% |
| Net interest margin | 3.76% |
| Noninterest income to earning assets | 0.35% |
| Noninterest expense to earning assets | 2.64% |
| Net operating income to assets | 1.38% |
| Return on assets (ROA) | 1.37% |
| Pretax return on assets | 1.38% |
| Return on equity (ROE) | 14.40% |
| Retained earnings to average equity (YTD only) | 9.04% |
| Net charge-offs to loans | -0.04% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 64.24% |
| Assets per employee | $3,728 |
| Cash dividends to net income (YTD only) | 37.25% |
| Condition Ratios (%) |
| Loss allowance to loans | 1.74% |
| Loss allowance to noncurrent loans | 332.79% |
| Noncurrent assets plus other real estate owned to assets | 0.36% |
| Noncurrent loans to loans | 0.52% |
| Net loans and leases to deposits | 50.11% |
| Net loans and leases to core deposits | 61.01% |
| Equity capital to assets | 10.12% |
| Core capital (leverage) ratio | 9.37% |
| Tier 1 risk-based capital ratio | 17.50% |
| Total risk-based capital ratio | 18.75% |
| Memoranda |
| Average assets | $25,455 |
| Average earning assets | $23,998 |
| Average equity | $12,614 |
| Average loans | $2,423 |
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| 2 Illinois Branches as of 2009-05-14 |
| No | ID | Name | Address | Established | Service Type | Map |
|---|
| 0 | 7879 | State Bank Of Saunemin | Main Street, Saunemin, IL 61769 | 1911-06-01 | Full Service Brick and Mortar |  |
| 1 | 227039 | Pontiac Branch | 901 East Howard Street, Pontiac, IL 61764 | 1996-03-18 | Full Service Brick and Mortar |  |
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