Standard Bank and Trust Company (merged into First Midwest Bank)
Standard Bank and Trust Company reported total assets of $2.3 bn at Q4 2016, its last Call Report before it merged into First Midwest Bank. The CET1 capital ratio at Standard Bank and Trust Company was 11.51%, and the uninsured share of Standard Bank and Trust Company was 29.07%. Source: FDIC Call Reports.
What sets Standard Bank and Trust Company apart
Nothing in the latest data sets Standard Bank and Trust Company apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Standard Bank and Trust Company?
The balance sheet of Standard Bank and Trust Company at : assets $2.3 bn, deposits $2.1 bn, net loans $1.8 bn (loans equal to 88.94% of deposits). Securities make up 9.2% of total assets at Standard Bank and Trust Company. Since , when Standard Bank and Trust Company held $2.5 bn, its assets shrank 5.2%. At , Standard Bank and Trust Company employed 422 full-time equivalent staff across 35 offices, about $5.5 mn of assets per employee and $58.8 mn of deposits per office.
How much funding at Standard Bank and Trust Company is uninsured?
At Standard Bank and Trust Company, uninsured deposits (above the FDIC limit) made up 29.07% of domestic deposits at . In dollars, Standard Bank and Trust Company estimated $598.3 mn of uninsured deposits.
Key facts, Q4 2016
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.1 bn | not available | |
| Net loans and leases | $1.8 bn | not available | |
| Loan-to-deposit ratio | 88.94% | not available | |
| Tier 1 leverage ratio | 10.16% | not available | |
| Total risk-based capital ratio | 12.54% | not available | |
| Net interest margin | 3.62% | not available | |
| Return on assets (ROA) | 0.61% | not available | |
| Efficiency ratio | 69.51% | not available | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $356,000 | not available | |
| Unrealized gain/loss on available-for-sale securities | Loss of $219,000 | not available | |
| Noncurrent loans to total loans | 1.65% | not available | |
| Net charge-offs to average loans | 0.59% | not available |
US rank of Standard Bank and Trust Company: 1 = highest unless marked 1 = lowest.
Balance sheet
Standard Bank and Trust Company: assets, deposits and loans
- Total assets $2.3bn
- Deposits $2.1bn
- Net loans $1.8bn
Capital and securities
The CET1 ratio of Standard Bank and Trust Company stood at 11.51% in . Low and high at Standard Bank and Trust Company since : 11.51% () to 12.07% (). Equity capital of Standard Bank and Trust Company at : $245.9 mn, or 10.6% of total assets. Standard Bank and Trust Company also reported a total capital ratio of 12.54% for , and a tier 1 leverage ratio of 10.16%.
On held-to-maturity securities, Standard Bank and Trust Company carried an unrealized loss of $356,000 at , equal to 0.1% of equity capital. The available-for-sale portfolio of Standard Bank and Trust Company showed an unrealized loss of $219,000 at .
Standard Bank and Trust Company: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 10%
Standard Bank and Trust Company: unrealized securities gains and losses
- Available for sale -$219,000
- Held to maturity -$356,000
Profitability and loan quality
For the year to , Standard Bank and Trust Company earned a return on equity of 5.86%; return on assets: 0.61%. Net interest margin at Standard Bank and Trust Company: 3.62%. Standard Bank and Trust Company net income: $14.8 mn. The efficiency ratio of Standard Bank and Trust Company was 69.51%: about 70 cents cost per revenue dollar, against 58 cents at the median peer.
At , noncurrent loans were 1.65% of total loans at Standard Bank and Trust Company; net charge-offs: 0.59% of average loans. Gross loans and leases at Standard Bank and Trust Company: $1.9 bn.
Standard Bank and Trust Company: profitability
- Return on equity 5.9%
- Net interest margin 3.6%
- Return on assets 0.6%
Peer group of Standard Bank and Trust Company
The peer group of Standard Bank and Trust Company is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Standard Bank and Trust Company (state nonmember bank) and 0 have head offices in Illinois. Against them, Standard Bank and Trust Company shows CET1 ratio 11.51% against a peer median of 12.06%, return on equity 5.86% against a peer median of 10.16% and uninsured deposit share 29.07% against a peer median of 23.38%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Principal Bank | Federal savings bank | IA | $2.4 bn | 11.78% | 18.11% | 3.27% | |
| Inwood National Bank | National bank | TX | $2.4 bn | 12.90% | 18.26% | 45.38% | |
| First Community Bank | State member bank | VA | $2.4 bn | 12.93% | 8.15% | 8.78% | |
| Standard Bank and Trust Company | State nonmember bank | IL | $2.3 bn | 11.51% | 5.86% | 29.07% | |
| Nicolet National Bank | National bank | WI | $2.3 bn | 11.41% | 8.76% | 23.56% | |
| Texas Bank and Trust Company | State nonmember bank | TX | $2.3 bn | 11.53% | 10.96% | 23.21% | |
| Dacotah Bank | State member bank | SD | $2.3 bn | 12.34% | 9.37% | 28.37% | |
. FDIC Call Reports.
Last eight quarters
Two years at Standard Bank and Trust Company, to : assets $2.5 bn to $2.3 bn, deposits $2.2 bn to $2.1 bn, equity $252.5 mn to $245.9 mn. Staff 480 to 422.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 |
|---|---|---|---|---|
| Total assets | $2.5 bn | $2.5 bn | $2.4 bn | $2.3 bn |
| Total deposits | $2.2 bn | $2.2 bn | $2.1 bn | $2.1 bn |
| Bank equity capital | $252.5 mn | $254.4 mn | $256.1 mn | $245.9 mn |
| CET1 ratio | 11.90% | 12.01% | 12.07% | 11.51% |
| Return on equity (ROE) | 8.09% | 7.40% | 7.98% | 5.86% |
| Uninsured share of domestic deposits | 30.12% | 29.82% | 30.54% | 29.07% |
| Full-time equivalent employees | 480 | 473 | 458 | 422 |
| Number of offices | 35 | 35 | 35 | 35 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Standard Bank and Trust Company, oldest first; figures before and after each event are not like for like.
- . Merged into First Midwest Bank (FDIC certificate 3709).
Questions and identifiers
What were the total assets of Standard Bank and Trust Company?
Standard Bank and Trust Company reported $2.3 bn at in its Call Report.
Is Standard Bank and Trust Company the same as its holding company?
No. This page covers Standard Bank and Trust Company, FDIC certificate 16606; STANDARD BANCSHARES INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Standard Bank and Trust Company profitable?
Standard Bank and Trust Company reported net income of $14.8 mn for the year to ; annualized return on equity: 5.86%. So yes: Standard Bank and Trust Company made a profit over these months.
When is data for Standard Bank and Trust Company next updated?
Standard Bank and Trust Company no longer files Call Reports; its data ends at .
Where can I check the figures for Standard Bank and Trust Company?
In the FDIC BankFind Suite record for certificate 16606, and in the Call Reports of Standard Bank and Trust Company (RSSD ID 19730) at the FFIEC Central Data Repository.