Erie State Bank
Erie, IL — Domestic Branch of a Domestic Bank
Acquired Jan 2011
Vitals
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Total Assets18.3M -3.4 %
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Total Deposits16.0M 1.9 %
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Total Net Loans12.6M 3.7 %
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Net Income56000.0000
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Book Value2.2M 2.6 %
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Book Value x24.5M 2.6 %
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Book Value x36.7M 2.6 %
Balance Sheet Highlights
Financial Highlights | Erie State Bank | All Insured Commercial Banks in Illinois |
Balance Sheet $(000) | ||
Total Assets | 18,269 | 209,682 |
Total Net Loans | 12,584 | 131,525 |
Total Deposits | 15,993 | 179,314 |
Total Equity | 2,235 | 19,994 |
Profitability | ||
Net Income | 56 | 638 |
Return on Average Assets | .301 | .438 |
Return on Average Equity | 2.534 | 3.798 |
Net Interest Margin | 3.168 | 3.707 |
Efficiency Ratio | 90.433 | 70.567 |
Noninterest Income/Revenue | 5.718 | 12.111 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 78.684 | 70.001 |
Securities/Assets | .084 | .196 |
Total Equity/Total Assets | .122 | .095 |
Tangible Equity/Tangible Assets | .122 | .092 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 2,235 | 18,714 |
Tier 2 Capital | 121 | 1,695 |
Total Capital | 2,356 | 20,471 |
Total Risk Weighted Assets | 10,120 | 144,939 |
Leverage Ratio | 12.34 | 9.456 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 22.08 | 14.758 |
Total Capital Ratio | 23.28 | 15.891 |
Timeline for Erie State Bank
First State Bank Of Forrest
Erie State Bank was acquired by First State Bank Of Forrest 13 years
View Profile Jan 01 2011Forrest Bancshares, Inc.
Forrest Bancshares, Inc. became a new parent organization for Erie State Bank.
View Profile Jul 01 1996Erie Bancorp, Inc.
Erie Bancorp, Inc. became a new parent organization for Erie State Bank.
View Profile Dec 01 1980Erie State Bank
Erie State Bank was established 79 years ago and is currently headquartered in Erie, IL.
Feb 01 1945Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
First State Bank Of Forrest | Buyer | 170,265 | Pooling of Interests | Discontinued | 1/1/2011 |
Relationships | Role | Relationship Start | Relationship End |
Forrest Bancshares, Inc. | Parent | 7/1/1996 | 12/31/2010 |
Erie Bancorp, Inc. | Parent | 10/31/1995 | 6/30/1996 |
Erie Bancorp, Inc. | Parent | 12/31/1983 | 10/30/1995 |
Erie Bancorp, Inc. | Parent | 12/1/1980 | 12/30/1983 |
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