Financial ratings for banks include two steep downgrades

Source: The News-Gazette, Champaign-Urbana, Ill.儲存Sept. 09--Three area financial institutions were downgraded _two of them deeply _in the latest ratings from the BauerFinancial rating service, based on data for the quarter that ended June 30.First Federal Savings & Loan Association of Central Illinois, based in Shelbyville, and First National Bank of Sullivan previously had BauerFinancial's highest rating _5-star ("superior").But in the latest evaluation, the rating for the Shelbyville savings and loan plummeted to 2-star ("problematic") and the rating for the Sullivan bank dropped to 3-star ("adequate").Meanwhile, the rating for Kansas City, Mo.-based Commerce Bank _which has an office in Champaign _was downgraded from 5-star to 4-star ("excellent").The other 74 banks in East Central Illinois retained the ratings they had at the close of the March 31 quarter.Nearly half of area banks received BauerFinancial's highest rating of 5-star. No area banks received the lowest and second-lowest ratings _zero stars and 1-star. The Shelbyville savings and loan was the only area institution to receive a 2-star rating.Tadd C. Brachbill, chief executive officer of First Federal Savings & Loan Association of Central Illinois, said the institution's downgrade came as a result of a switch in regulators _from the Office of Thrift Supervision to the Office of the Comptroller of the Currency.Brachbill said the new regulators had "issues" with the institution's loan policy and administration with regard to treatment of allowances for loan losses.The institution has worked to resolve those issues and come in line with what the regulatory agency wants, he said.First Federal is keeping the agency informed, and the agency typically does an on-site review within a year, he added.Brachbill said First Federal's earnings and capital ratios exceed the average of those in its peer group.Its June 30 call report showed $332,000 in net income for the first six months of 2013, as well as a $218,000 provision for loan and lease losses.The institution, which has offices in Shelbyville, Windsor and Charleston, had total assets of $103.6 million as of June 30. Charleston Federal Savings & Loan merged with the Shelbyville institution in 2008, and the Windsor branch was opened three years later.First National Bank of Sullivan, in its June 30 call report, listed a net loss of $759,000 for the first six months of 2013. The bank listed a $1,034,000 provision for loan and lease losses and a $605,000 charge-off of commercial and industrial loans.As of June 30, the Sullivan bank had total assets of $65 million.A call was placed to bank President Paul Hrvol seeking comment on the downgrade, but the call was not immediately returned.BauerFinancial bases its ratings on capital ratios, profitability trend新蒲崗迷你倉, levels of delinquent loans, charge-offs and repossessed assets, liquidity, historical data and supervisory ratings by regulatory agencies.BauerFinancial is one of several bank-rating services. It distinguishes itself from others by making its ratings accessible to the public.___Area bank ratings for second quarter 2013Here's the breakdown of BauerFinancial's ratings of 77 banks with offices in East Central Illinois based on data from the quarter that ended June 30:5-star ("superior")38 banks_Arcola First Bank_Bank of Gibson City_Bank of Rantoul_Buckley State Bank_Busey Bank_Cissna Park State Bank_Community Bank of Hoopeston_DeWitt Savings Bank, Clinton_Farmers State Bank, Danforth_First Bank & Trust Savings Bank, Paris_First Federal Savings & Loan of Mattoon_First Mid-Illinois Bank & Trust_First National Bank & Trust, Clinton_The First National Bank, Mattoon_First National Bank in Paxton_First National Bank of Chrisman_First National Bank of Nokomis_First Trust and Savings Bank, Watseka_Fisher National Bank_Flanagan State Bank_Hardware State Bank, Lovington_Hickory Point Bank & Trust_Illinois National Bank_Iroquois Farmers State Bank_Iroquois Federal Savings and Loan_Midland States Bank_Philo Exchange Bank_Prairie State Bank & Trust_Scott State Bank, Bethany_Sidell State Bank_Soy Capital Bank & Trust, Decatur_State Bank of Arthur_State Bank of Bement_State Bank of Lincoln_Tuscola National Bank_Vermilion Valley Bank, Piper City_Villa Grove State Bank_Woodforest National Bank4-star ("excellent")26 banks_BankChampaign_Commerce Bank_Edgar County Bank & Trust_Farmers-Merchants National Bank, Paxton_Federated Bank, Onarga_First Farmers Bank & Trust, Converse, Ind._First Federal Savings Bank of Champaign-Urbana_First Financial Bank of Terre Haute, Ind._First Midwest Bank_First National Bank in Georgetown_First National Bank of Ogden_First Neighbor Bank, Toledo_First Savings Bank, Danville_First State Bank, Monticello_Gifford State Bank_Heartland Bank & Trust, Bloomington_Kenney Bank & Trust_MainSource Bank_Old National Bank_Peoples Bank & Trust, Pana_State Bank of Chrisman_State Bank of Cerro Gordo_State Farm Bank_Sumner National Bank, Sheldon_United Community Bank, Oakwood_U.S. Bank3{-star ("good")Eight banks_Bank of America_First National Bank of Catlin_JP MorganChase_Longview State Bank, Sidney_Marine Bank, Springfield_Milford Building & Loan_PNC Bank_Regions Bank3-star ("adequate")Four banks_CIBM Bank_Citizens State Bank, Milford_Dewey Bank_First National Bank of Sullivan2-star ("problematic")One bank_First Federal Savings & Loan of Central Illinois, ShelbyvilleSource: BauerFinancial Inc.Copyright: ___ (c)2013 The News-Gazette (Champaign, Ill.) 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