The Litchfield National Bank Reports – 372444

The Litchfield National Bank Financial Reports

Quarter Ended: 2024-09-30

Data Updated on: 12/20/2024

The Litchfield National Bank is a Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC) located in Litchfield, IL. Established on 05/01/1907, the bank is regulated by the OCC and has 2 domestic offices. It operates in the N/A.

The bank has 26 employees and holds $128,288k in total assets. With a focus on community banking, the bank has been serving its customers since 05/01/1907.

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The Litchfield National Bank Institution Profile

Established Date 05/01/1907 Institution Class Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC)
Primary Regulator OCC Number of Domestic Offices 2
Number of Foreign Offices 0 Number of US Offices 0
Number of Employees 26 Directly owned by another bank (CERT) No
Community Bank Yes ZIP 62056
Ownership Type Not Mutual City Litchfield
State Alpha code IL State and County Number 17135
Subchapter S Corporations No Trust Powers Trust Powers Not Known
Federal Reserve ID Number 8 Federal Reserve ID Number Description N/A
Office of The Comptroller District: WESTERN DISTRICT Office of Thrift Supervision Region N/A
Last Structure Change Effective Date 08/31/2022 Date of Deposit Insurance 01/01/1934
Primary Insurance Agency DIF

Institution Profile Overview

Delve into the foundational details of The Litchfield National Bank with our “Institution Profile” table. The 05/01/1907 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, national (federal) charter, Fed member, and supervised by the Office of the Comptroller of the Currency (OCC), the bank operates under the oversight of OCC, ensuring compliance and regulatory adherence.

2 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Litchfield, IL, and 62056 provide geographic context. Explore these attributes to gain a holistic view of The Litchfield National Bank in the financial landscape.

The Litchfield National Bank Financials

(USD, in thousands)

Total Assets $128,288 Total Liabilities $119,069
Total Equity Capital $9,219 Total Deposits $112,405
Net Loans and Leases $79,002 Total Interest Income $1,350
Total Noninterest Income $156 Total Interest Expense $576
Total Noninterest Expense $820 Tier 1 Risk-Based Capital Ratio 14.71%
Net Loans and Leases to Core Deposits 77.47% Return on Assets 0.32%
Return on Equity 4.71% Efficiency Ratio 88.17%

Financial Performance Overview

Gain a comprehensive perspective on The Litchfield National Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $128,288k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $119,069k and total equity capital at $9,219k.

Delve into key operational metrics, including total deposits of $112,405k, net loans and leases at $79k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 14.7058, and Return on Assets at 0.32. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of The Litchfield National Bank’s performance and competitive positioning within the financial industry.

The Litchfield National Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x) $5 Net Loans and Leases to Core Deposits 77.47%
Tier 1 Risk-Based Capital Ratio 14.71% Securities Gains (Losses) $17
Goodwill and Other Intangibles N/A Cost of Funding Earning Assets 1.88%
Yield on Earning Assets 4.40% Total Interest Income $1,350
Applicable Income Taxes $18 Loss Allowance to Loans and Leases 1.02%
Net Loans and Leases $79,002 Loss Allowance to Noncurrent Loans and Leases 87.27%
Noncurrent Loans to Loans 1.17% Net Income Attributable to Bank and Noncontrolling Interests $103
Net Interest Income $774 Net Interest Margin 2.52%
Net Operating Income to Assets 0.27% Noninterest Income to Average Assets 0.49%
Total Noninterest Income $156 Noninterest Expense to Average Assets 2.56%
Total Noninterest Expense $820 Net Charge-Offs to Loans and Leases -0.02%
All Other Assets $2,389 Other Real Estate Owned $149
Other borrowed funds $6,000 Pre-tax Net Operating Income $104
Pretax Return on Assets 0.38% Return on Assets 0.32%
Retained Earnings to Average Equity (YTD only) 4.49%

Insights into Financial Metrics

Enhance your understanding of The Litchfield National Bank‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $79,002k and Net Interest Income $774k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 14.7058 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: -0.02 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $156k and evaluate operational efficiency using metrics like Efficiency Ratio: 88.17. This nuanced financial overview empowers a comprehensive analysis of The Litchfield National Bank‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of The Litchfield National Bank?

The asset size of The Litchfield National Bank is approximately $128,288k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of The Litchfield National Bank compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For The Litchfield National Bank, this ratio stands at
70.28%
(please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.

What is the capital adequacy ratio for The Litchfield National Bank?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 14.7058.

What is the net interest margin of The Litchfield National Bank, and how has it trended over the past year?

The current net interest margin is 2.52. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on The Litchfield National Bank’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For The Litchfield National Bank, this stands at 1.1714.

Are there any recent regulatory changes that could impact The Litchfield National Bank’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting The Litchfield National Bank. For tailored insights, please consult our expert or access our detailed reports.

What is the history of The Litchfield National Bank?

The Litchfield National Bank was established on 05/01/1907. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is The Litchfield National Bank FDIC insured?

Yes, The Litchfield National Bank is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for The Litchfield National Bank in OK?

The routing number for The Litchfield National Bank in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is The Litchfield National Bank?

The Litchfield National Bank is a significant player in the financial sector with total assets valued at $128,288k and a network of 2 domestic offices.

Is The Litchfield National Bank a local bank?

The Litchfield National Bank is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

This table provides key financial information about The Litchfield National Bank. Get more data about The Litchfield National Bank on Visbanking Report Portal.