First Robinson Savings Bank, National Association | FFIEC 051 | |
Legal Title of Bank | Page 5 of 65 | |
Robinson | RI-1 | |
City | ||
IL | 62454 | |
State | Zip Code | |
FDIC Certificate Number: | 28105 |
Printed on 1/27/2022 at 10:56 AM
Consolidated Report of Income
for the period January 1, 2021 - December 31, 2021 Schedule RI-Income Statement
Dollar Amounts in Thousands | RIAD | Amount | |||
1. Interest income: | |||||
a. Interest and fee income on loans: | |||||
(1) Loans secured by real estate: | |||||
(a) Loans secured by 1-4 family residential properties | 4435 | 3,734 | |||
(b) All other loans secured by real estate | 4436 | 2,939 | |||
(2) Commercial and industrial loans | 4012 | 1,804 | |||
(3) Loans to individuals for household, family, and other personal expenditures: | |||||
(a) Credit cards | B485 | 0 | |||
(b) Other (includes revolving credit plans other than credit cards, automobile loans, and | |||||
other consumer loans) ______________________________________________________________________ | B486 | 830 | |||
(4) Not applicable | |||||
(5) All other loans (1) | 4058 | 445 | |||
(6) Total interest and fee income on loans (sum of items 1.a.(1)(a) through 1.a.(5)) | 4010 | 9,752 | |||
b. Income from lease financing receivables | 4065 | 0 | |||
c. Interest income on balances due from depository institutions (2) | 4115 | 38 | |||
d. Interest and dividend income on securities: | |||||
(1) U.S. Treasury securities and U.S. Government agency obligations | |||||
(excluding mortgage-backed securities) | B488 | 718 | |||
(2) Mortgage-backed securities | B489 | 890 | |||
(3) All other securities (includes securities issued by states and | |||||
political subdivisions in the U.S.) | 4060 | 445 | |||
e. Not applicable | |||||
f. Interest income on federal funds sold and securities purchased under agreements to resell | 4020 | 0 | |||
g. Other interest income | 4518 | 34 | |||
h. Total interest income (sum of items 1.a.(6) through 1.g) | 4107 | 11,877 | |||
2. Interest expense: | |||||
a. Interest on deposits: | |||||
(1) Transaction accounts (interest-bearing demand deposits, NOW accounts, ATS accounts, | |||||
and telephone and preauthorized transfer accounts) | 4508 | 442 | |||
(2) Nontransaction accounts: | |||||
(a) Savings deposits (includes MMDAs) ____________________________________________________________ | 0093 | 68 | |||
(b) Time deposits of $250,000 or less | HK03 | 467 | |||
(c) Time deposits of more than $250,000 | HK04 | 90 | |||
b. Expense of federal funds purchased and securities sold under agreements to repurchase______________________ | 4180 | 8 | |||
c. Other interest expense ___________________________________________________________________________ | GW44 | 3 | |||
d. Not applicable | |||||
e. Total interest expense (sum of items 2.a through 2.c) | 4073 | 1,078 | |||
3. Net interest income (item 1.h minus 2.e) | 4074 | 10,799 | |||
4. Provision for loan and lease losses(3)____________________________________________________________________ | JJ33 | 845 | |||
1.a.(1)(a)
1.a.(1)(b)
1.a.(2)
1.a.(3)(a)
1.a.(3)(b)
1.a.(5)
1.a.(6)
1.b.
1.c.
1.d.(1)
1.d.(2)
1.d.(3)
1.f.
1.g.
1.h.
2.a.(1)
2.a.(2)(a)
2.a.(2)(b)
2.a.(2)(c)
2.b.
2.c.
2.e.
3.
4.
(1)Includes interest and fee income on "Loans to depository institutions and acceptances of other banks," "Loans to finance agricultural production and other loans to farmers," "Obligations (other than securities and leases) of states and political subdivisions in the U.S.," and "Loans to nondepository financial institutions and other loans."
- Includes interest income on time certificates of deposit not held for trading.
- Institutions that have adopted ASU 2016-13 should report in item 4 the provisions for credit losses on all financial assets and off-balance-sheet credit exposures that fall within the scope of the standard.
First Robinson Savings Bank, National Association | FFIEC 051 | |
Legal Title of Bank | Page 6 of 65 | |
FDIC Certificate Number: | 28105 | RI-2 |
Printed on 1/27/2022 at 10:56 AM
Schedule RI-Continued
Year-to-date | ||||||
Dollar Amounts in Thousands | ||||||
RIAD | Amount | |||||
5. Noninterest income: | 5.a. | |||||
a. Income from fiduciary activities (1) | 4070 | 128 | ||||
b. Service charges on deposit accounts | 4080 | 857 | 5.b. | |||
c. Not applicable | ||||||
d. Income from securities-related and insurance activities: | ||||||
(1) Fees and commissions from securities brokerage, investment | 5.d.(1) | |||||
banking, advisory, and underwriting activities__________________________________ | HT73 | 232 | ||||
(2) Income from insurance activities(2) | HT74 | 39 | 5.d.(2) | |||
e. Not applicable | 5.f. | |||||
f. Net servicing fees | B492 | 669 | ||||
g. and h. Not applicable | 5.i. | |||||
i. Net gains (losses) on sales of loans and leases | 5416 | 1,226 | ||||
j. Net gains (losses) on sales of other real estate owned | 5415 | -57 | 5.j. | |||
k. Net gains (losses) on sales of other assets (3)______________________________________ | B496 | 0 | 5.k. | |||
l. Other noninterest income* | B497 | 946 | 5.l. | |||
m. Total noninterest income (sum of items 5.a through 5.l) | 4079 | 4,040 | ||||
6. a. Realized gains (losses) on held-to-maturity securities | 3521 | 0 | ||||
b. Realized gains (losses) on available-for-sale debt securities | 3196 | 0 | ||||
7. Noninterest expense: | 7.a. | |||||
a. Salaries and employee benefits | 4135 | 6,234 | ||||
b. Expenses of premises and fixed assets (net of rental income) | 7.b. | |||||
(excluding salaries and employee benefits and mortgage interest) | 4217 | 1,145 | ||||
c. (1) Goodwill impairment losses | C216 | 0 | 7.c.(1) | |||
(2) Amortization expense and impairment losses for other intangible assets______________ | C232 | 133 | 7.c.(2) | |||
d. Other noninterest expense* | 4092 | 2,714 | 7.d. | |||
e. Total noninterest expense (sum of items 7.a through 7.d) | 4093 | 10,226 | ||||
8. a. Income (loss) before change in net unrealized holding gains (losses) | ||||||
on equity securities not held for trading, applicable income taxes, and discontinued | ||||||
operations (item 3 plus or minus items 4, 5.m, 6.a, 6.b, and 7.e)_____________________________ | HT69 | 3,768 | ||||
b. Change in net unrealized holding gains (losses) on equity securities not | ||||||
held for trading (4)___________________________________________________________ | HT70 | 27 | ||||
c. Income (loss) before applicable income taxes and discontinued operations | ||||||
(sum of items 8.a and 8.b)____________________________________________________ | 4301 | 3,795 | ||||
9. Applicable income taxes (on item 8.c)__________________________________________________ | 4302 | 957 | ||||
10. Income (loss) before discontinued operations (item 8.c minus item 9)_____________________ | 4300 | 2,838 | ||||
11. Discontinued operations, net of applicable income taxes*_______________________________ | FT28 | 0 | ||||
12. Net income (loss) attributable to bank and noncontrolling (minority) | ||||||
interests (sum of items 10 and 11) __________________________________________________ | G104 | 2,838 | ||||
13. LESS: Net income (loss) attributable to noncontrolling (minority) interests | ||||||
(if net income, report as a positive value; if net loss, report as a negative value)_____________ | G103 | 0 | ||||
14. Net income (loss) attributable to bank (item 12 minus item 13) _____________________________ | 4340 | 2,838 | ||||
5.m.
6.a.
6.b.
7.e.
8.a.
8.b.
8.c.
9.
10.
11.
12.
13.
14.
* Describe on Schedule RI-E-Explanations.
- For banks required to complete Schedule RC-T, items 14 through 22, income from fiduciary activities reported in Schedule RI, item 5.a, must equal the amount reported in Schedule RC-T, item 22.
- Includes underwriting income from insurance and reinsurance activities.
- Exclude net gains (losses) on sales of trading assets and held-to-maturity and available-for-sale debt securities.
- Item 8.b is to be completed by all institutions - See the instructions for this item and the Glossary entry for
"Securities Activities" for further detail on accounting for investments in equity securities.
First Robinson Savings Bank, National Association | FFIEC 051 | |
Legal Title of Bank | Page 7 of 65 | |
FDIC Certificate Number: | 28105 | RI-3 |
Printed on 1/27/2022 at 10:56 AM
Schedule RI-Continued
Memoranda | Year-to-date | ||||
Dollar Amounts in Thousands | RIAD | Amount | |||
1. and 2. Not applicable | |||||
3. | Income on tax-exempt loans and leases to states and political subdivisions in the U.S. | ||||
(included in Schedule RI, items 1.a and 1.b) | 4313 | 91 | |||
4. | Income on tax-exempt securities issued by states and political subdivisions in the U.S. | ||||
(included in Schedule RI, item 1.d.(3)) | 4507 | 440 | |||
5. | Number of full-time equivalent employees at end of current period (round to | Number | |||
nearest whole number) | 4150 | 89 | |||
Memorandum item 6 is to be completed by: (1) |
- banks with $300 million or more in total assets, and
- banks with less than $300 million in total assets that have loans to finance agricultural production
and other loans to farmers (Schedule RC-C, Part I, item 3) exceeding 5 percent of total loans | |||||
6. Interest and fee income on loans to finance agricultural production and other | Amount | ||||
loans to farmers (included in Schedule RI, item 1.a.(5)) | 4024 | 353 | |||
7. If the reporting institution has applied push down accounting this calendar year, report the date | RIAD | Date | |||
9106 | 00000000 | ||||
of the institution's acquisition (see instructions)(2)_________________________________________________________ | |||||
8. through 10. Not applicable | |||||
11. Does the reporting bank have a Subchapter S election in effect for | RIAD | YES / NO | |||
federal income tax purposes for the current tax year? | A530 | NO | |||
Memorandum item 12 is to be completed by banks that are required to complete Schedule | |||||
RC-C, Part I, Memorandum items 8.b and 8.c, and is to be completed annually in the December report only. | |||||
12. Noncash income from negative amortization on closed-end loans secured by 1-4 family | RIAD | Amount | |||
residential properties (included in Schedule RI, item 1.a.(1)(a)) | F228 | N/A | |||
13. Not applicable | |||||
Memorandum item 14 is to be completed semiannually in the June and December reports only. | |||||
14. Other-than-temporary impairment losses on held-to-maturity and available-for-sale | |||||
debt securities recognized in earnings (included in Schedule RI, items 6.a and 6.b)(3) | J321 | 0 | |||
Memorandum item 15 is to be completed annually in the December report only by institutions with $1 | |||||
billion or more in total assets(1) that answered "Yes" to Schedule RC-E, Memorandum item 5. | |||||
15. Components of service charges on deposit accounts (sum of Memorandum items | |||||
15.a through 15.d must equal Schedule RI, item 5.b): | |||||
a. Consumer overdraft-related service charges levied on those transaction account and nontransaction | |||||
savings account deposit products intended primarily for individuals for personal, household, or | H032 | N/A | |||
family use_________ | |||||
b. Consumer account periodic maintenance charges levied on those transaction account and nontransaction | |||||
savings account deposit products intended primarily for individuals for personal, household, or family use_________H033 | N/A | ||||
c. Consumer customer automated teller machine (ATM) fees levied on those transaction account and | |||||
nontransaction savings account deposit products intended primarily for individuals for personal, | |||||
H034 | N/A | ||||
household, or family use____________________________________________________________________________ | |||||
d. All other service charges on deposit accounts__________________________________________________________H035 | N/A | ||||
M.3.
M.4.
M.5.
M.6.
M.7.
M.11.
M.12.
M.14.
M.15.a.
M.15.b.
M.15.c.
M.15.d.
(1) For the $300 million and $1 billion asset-size tests for report dates through December 31, 2021, an institution may use the lesser
of the total assets reported in its Report of Condition as of December 31, 2019, or June 30, 2020. If the total assets reported as of one of these two report dates are less than $300 million, the same report date should be used for the 5 percent of total loans test. If the total assets reported for both of these two report dates are less than $300 million, the 5 percent of total loans test should be based on the total loans reported in the Report of Condition as of June 30, 2020.
- Report the date in YYYYMMDD format. For example, a bank acquired on March 1, 2021, would report 20210301.
- Memorandum item 14 is to be completed only by institutions that have not adopted ASU 2016-13.
First Robinson Savings Bank, National Association | FFIEC 051 | |
Legal Title of Bank | Page 8 of 65 | |
FDIC Certificate Number: | 28105 | RI-4 |
Printed on 1/27/2022 at 10:56 AM
Schedule RI-A-Changes in Bank Equity Capital
Dollar Amounts in Thousands | RIAD | Amount | |||
1. | Total bank equity capital most recently reported for the December 31, 2020, Reports of Condition | 1. | |||
and Income (i.e., after adjustments from amended Reports of Income) | 3217 | 35,583 | |||
2. | Cumulative effect of changes in accounting principles and corrections of material accounting errors* | B507 | 0 | 2. | |
3. | Balance end of previous calendar year as restated (sum of items 1 and 2) | B508 | 35,583 | 3. | |
4. | Net income (loss) attributable to bank (must equal Schedule RI, item 14) | 4340 | 2,838 | 4. | |
5. | Sale, conversion, acquisition, or retirement of capital stock, net (excluding treasury stock transactions)______________ | B509 | 0 | 5. | |
6. | Treasury stock transactions, net | B510 | 0 | 6. | |
7. | Changes incident to business combinations, net | 4356 | 0 | 7. | |
8. | LESS: Cash dividends declared on preferred stock | 4470 | 0 | 8. | |
9. | LESS: Cash dividends declared on common stock | 4460 | 1,675 | 9. | |
10. Other comprehensive income(1) | B511 | -1,987 | 10. | ||
11. Other transactions with stockholders (including a parent holding company)* | 11. | ||||
(not included in items 5, 6, 8, or 9 above)_______________________________________________________________ | 4415 | 0 | |||
12. Total bank equity capital end of current period (sum of items 3 through 11)(must equal | 12. | ||||
Schedule RC, item 27.a) | 3210 | 34,759 | |||
* Describe on Schedule RI-E-Explanations
-
Includes, but is not limited to, changes in net unrealized holding gains (losses) on available-for-sale debt securities, changes in
accumulated net gains (losses) on cash flow hedges, and pension and other postretirement plan-related changes other than net periodic benefit cost.
Schedule RI-B-Charge-offs and Recoveries on Loans and Leases and Changes in Allowances for Credit Losses
Part I. Charge-offs and Recoveries on Loans and Leases
(Column A) | (Column B) | |||||||
Part I includes charge-offs and recoveries through | Charge-offs(1) | Recoveries | ||||||
the allocated transfer risk reserve. | Calendar year-to-date | |||||||
Dollar Amounts in Thousands | RIAD | Amount | RIAD | Amount | ||||
1. Loans secured by real estate: | ||||||||
a. Construction, land development, and other land loans: | 1.a.(1) | |||||||
(1) | 1-4 family residential construction loans | C891 | 0 | C892 | 0 | |||
(2) | Other construction loans and all land development | 1.a.(2) | ||||||
and other land loans | C893 | 0 | C894 | 0 | ||||
b. Secured by farmland | 3584 | 0 | 3585 | 0 | 1.b. | |||
c. Secured by 1-4 family residential properties: | ||||||||
(1) | Revolving, open-end loans secured by 1-4 family residential | 1.c.(1) | ||||||
properties and extended under lines of credit | 5411 | 20 | 5412 | 2 | ||||
(2) | Closed-end loans secured by 1-4 family residential properties: | 1.c.(2)(a) | ||||||
(a) Secured by first liens | C234 | 35 | C217 | 28 | ||||
(b) Secured by junior liens | C235 | 0 | C218 | 1 | 1.c.(2)(b) | |||
d. Secured by multifamily (5 or more) residential properties | 3588 | 0 | 3589 | 0 | 1.d. | |||
e. Secured by nonfarm nonresidential properties: | 1.e.(1) | |||||||
(1) | Loans secured by owner-occupied nonfarm nonresidential properties_________________ | C895 | 865 | C896 | 24 | |||
(2) | Loans secured by other nonfarm nonresidential properties__________________________ | C897 | 0 | C898 | 0 | 1.e.(2) | ||
(1) Include write-downs arising from transfers of loans to a held-for-sale account.
First Robinson Savings Bank, National Association | FFIEC 051 | |
Legal Title of Bank | Page 9 of 65 | |
FDIC Certificate Number: | 28105 | RI-5 |
Printed on 1/27/2022 at 10:56 AM
Schedule RI-B Continued
Part I - Continued
(Column A) | (Column B) | |||||||
Charge-offs(1) | Recoveries | |||||||
Calendar year-to-date | ||||||||
Dollar Amounts in Thousands | RIAD | Amount | RIAD | Amount | ||||
2. and 3. Not applicable | 4. | |||||||
4. | Commercial and industrial loans | 4638 | 0 | 4608 | 1 | |||
5. | Loans to individuals for household, family, and other personal expenditures: | 5.a. | ||||||
a. Credit cards | B514 | 0 | B515 | 0 | ||||
b. Automobile Loans______________________________________________________________ | K129 | 32 | K133 | 3 | 5.b. | |||
c. Other (includes revolving credit plans other than credit cards and | 5.c. | |||||||
other consumer loans)_________________________________________________________ | K205 | 3 | K206 | 16 | ||||
6. | Not applicable | 7. | ||||||
7. | All other loans (2) | 4644 | 26 | 4628 | 23 | |||
8. | Lease financing receivables | 4266 | 0 | 4267 | 0 | 8. | ||
9. | Total (sum of items 1 through 8) | 4635 | 981 | 4605 | 98 | 9. | ||
- Include write-downs arising from transfers of loans to a held-for-sale account.
- Includes charge-offs and recoveries on "Loans to depository institutions and acceptances of other banks," "Loans to finance agricultural produc- tion and other loans to farmers," "Obligations (other than securities and leases) of states and political subdivisions in the U.S.," and "Loans to non- depository financial institutions and other loans."
(Column A) | (Column B) | |||||||
Memoranda | Charge-offs(1) | Recoveries | ||||||
Calendar year-to-date | ||||||||
Dollar Amounts in Thousands | RIAD | Amount | RIAD | Amount | ||||
1. Loans to finance commercial real estate, construction, and land | ||||||||
development activities (not secured by real estate) included in | M.1. | |||||||
Schedule RI-B, part I, items 4 and 7, above | 5409 | 0 | 5410 | 0 | ||||
2. Not applicable | ||||||||
Memorandum item 3 is to be completed by:(2) | ||||||||
• banks with $300 million or more in total assets, and | ||||||||
• banks with less than $300 million in total assets that have loans to | ||||||||
finance agricultural production and other loans to farmers | ||||||||
(Schedule RC-C, Part I, item 3) exceeding 5 percent of total loans: | ||||||||
3. Loans to finance agricultural production and other loans to | M.3. | |||||||
farmers (included in Schedule RI-B, Part I, item 7, above) | 4655 | 0 | 4665 | 0 | ||||
- Include write-downs arising from transfers of loans to a held-for-sale account
- For the $300 million asset-size test for report dates through December 31, 2021, an institution may use the lesser
of the total assets reported in its Report of Condition as of December 31, 2019, or June 30, 2020. If the total assets reported as of one of these two report dates are less than $300 million, the same report date should be used for the 5 percent of total loans test. If the total assets reported for both of these two report dates are less than $300 million, the 5 percent of total loans test should be based on the total loans reported in the Report of Condition as of June 30, 2020.
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First Robinson Financial Corporation published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 20:22:06 UTC.