0 COPY FRY-6 OMB Number 7100-0297 Board of Governors of the Federal Reserve System

Approval expires December 31. 2015 P•ge 1 of2

Annual Report of Holding Companies-FR Y-6

Report at the close of business as of the end of fiscal year

This Report is required by law: Section 5(c)(1 )(A} of the Bank Holding Company Act (12 U.S.C. § 1844 (c)(1)(A)); Secti on 8(a) of the International Banking Act. (12 U.S.C. § 3105(a)); Sections 11 (a)(1 ), 25 and 25A of the Federal Reserve Act (12 U.S.C. §§ 248(a)(1), 602, and 611a); Section 211.13(c) of Regulation K (12 C.F.R. § 211.13(c)); and Section 225.5(b) of Regulation Y (12 C.F.R. § 225.5(b)) and section 10(c)(2)(H) of the Home Owners' Loan Act. Return to the appropriate Federal Reserve Bank the original and the number of copies specified.

NOTE: The Annual Report of Holding Companies must be signed by one director of the top-tier holding company. This individual should also be a senior official of the top,tier holding company. In the event that the top-tier holding company does not have an individual who is a senior official and is also a director, the chairman of the board must sign the report.

1, Steven J Leuthold Name of the Holding Company Director and Offic;ial

.President nua of the Holdlnll CompanY Dlr�ctor ancl Official

attest that the Annual Report of Holding Companies (including the supporting attachments) for this report date has been prepared in conformance with the instructions issued by the Federal Reserve System and are true and correct to the best of my knowledge and belief.

With respect to information regarding individuals contained in this report, the Reporter certifies that it has the authority to provide this Information to the Federal .Reserve. The Reporter also certifies that it has the authority, on behalf of each individual, to consent or object to public release of information regarding that individual. The Federal Reserve may assume, in the absence of a request for confidential treatment submitted in accordance with the Board's "Rules Regarding Availability of Information," 12 C.F.R. Part 261, that the Reporter and ;ndividua/ consent to public release of all detail the repo concerning that individual.

Signature of H di mpany ·oiremor and Olticial 3-;>.v�15

Date of Signature

For holding companies aQt registered with the SEC-Indicate status of Annual Report to Shareholders:

I:>!:! is included with the FR Y-6 report 0 wlll be sent under separate cover 0 is not prepared

For Federal Reserve Bank Use Only

RSSDJD 3 l?3_3_ &>3 () C.I.

This report form is to be filed by all top-tier bank holding companies and top-tier savings and loan holding companies organized under U.S. law, and by any forelgn banking organization that does not meet the requirements of and Is not treated as a qualifying foreign banking organization under Section 211.23 of Regulation K (12 C.F.R. § 211 .23). (See page one of the general instructions for more detail of who must file.) The Federal Reserve may not conduct or sponsor, and an organization (or a person) is not required to respond to, an information collection unless It displays a currently valid OMB control number.

Date of Report (top-tier holding company's fiscal year-end): December 31, 2014 Month I Day I Year N/A

Reporter's Legal Entity Identifier (LEI) (20-Character LEI Code)

Reporter's Name, Street, and Mailing Address Speer Bancshares, Inc . Legal TIUe of Holding Company

14 Main Street, P.O. Box 37 (Mailing Address of 1he Holding Company) Street I P:o. Box

Speer IL 61479-0037 City State Zip Code

Physical Loc;ation (lf different from mailing address)

Person to whom questions about this report should be directed: Steven J Leuthold President Name

309-249-2141 Are

,,

SPEER BANCSHARES, INC.

ASSETS

Cash in Bank

BALANCE SHEET DECEMBER 31, 2014

Investment in Subsidiary-State Bank of Speer

Due from Subsidiary - SBS

TOTAL ASSETS

LIABILITIES

Accounts payable - SBS Note Payable - QCBT Accrued Interest Payable - QCBT

TOTAL LIABILITIES

STOCKHOLDERS' EQUITY

Common Stock Surplus Undivided Profits Accumulated Other

Comprehensive G/ (L)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

48, 715. 76 17,353,681.44

394.00

17,402, 791.20

14, 977.00 2,264,377. 75

21,534. 92

2,300,889.67

100,000.00 1,400,000.00

12,415,688.57

1, 186,212.96

17,402, 791 .20

http:17,402,791.20http:1,186,212.96http:12,415,688.57http:1,400,000.00http:100,000.00http:2,300,889.67http:21,534.92http:2,264,377.75http:14,977.00http:17,402,791.20http:17,353,681.44http:48,715.76

INCOME

SPEER BANCSHARES, INC. STATEMENT OF INCOME

YEAR ENDED DECEMBER 31, 2014

Income from Subsidiary Bank - SBS 1,648, 165.25 Rental Income 5,000. 00

TOTAL INCOME t,653', 165.25

EXPENSES

Legal Expens� Miscellaneous Expense Interest Expen se

TOTAL EXPENSES

NET INCOME BEFORE TAXES

4, 101. 96 12,000. 00 92,216.81

108, 318'. 77

1,544,846.48

http:1,544,846.48http:108,318;.77http:1,653,165.25http:92,216.81http:12,000.00http:4,101.96

STATE BANK OF SPEER - STATEMENT OF CONDITION

2014 2013 2012 2011 2010

ASSETS

Cash and Due from Banks 3,260 6,643 37,436 13,856 6,357

Securities 85,860 75,494 69,386 63, 158 57,273

Federal Funds Sold 0 0 0

Loans, Net of Unearned Income 91,737 85,671 82,028 77,534 77,065

Less: Reserve for Losses (1,416) (1,367) (1,362) (928) (954)

Loans: Net of Un Income and Losses 90,321 84,304 80,666 76,606 76, 111

Premises and Fixed Assets 2,723 2,646 2,849 2,516 1,001

Other RE Owned 83 0 75 75 217

Intangible Assets 152 0 0 0

Other Assets 4,845 4,521 4,286 4,659 4,706

TOT AL ASSETS 187,244 173,608 194,698 160,870 145,665

LIABILITIES

DEPOSITS

Noninterest Bearing 19,686 20,088 19,523 15,930 15,570

Interest Bearing 117,758 125,227 125,446 116,726 108,526

TOT AL DEPOSITS 137,444 145,315 144,969 132,656 124,096

Federal Funds Purchased 170 0 0 0 0

Sec. Sold Under Agree. to Repurchase 15,462 5,609 28,551 5,887 1,838

Other Borrowed Money 16,000 7,000 7,000 8,500 8,000

Other Liabilities 814 815 735 670 642

TOTAL LIABILITIES 169,890 158,739 181,255 147,713 134,576

EQUITY CAPITAL

Common Stock 100 100 100 100 100

Surplus 3,948 3,900 1,400 1,400 1,400

Undivided Profits 12, 120 11, 162 10,080 9,560 8,766

Net Unrealized Gains (Losses) 1, 186 (293) 1,863 2,097 823

TOTAL EQUITY CAPITAL 17,354 14,869 13,443 13, 157 11,089

TOTAL LIABILITIES AND EQUITY CAPITAL 187,244 173,608 194,698 160,870 145,665

OTHER ASSETS

Income Earned, Not Collected 1,036 914 942 1, 149 1,060

FHLB Stock 1,000 629 620 675 675

Prepaid Expenses 161 212 221 410 630

Cash Value of Life Insurance 2,648 2,576 2,503 2,425 2,341

TOTAL OTHER ASSETS 4,845 4,331 4,286 4,659 4,706

OTHER LIABILITIES

Interest Accrued and Unpaid on Deposits 31 37 46 71 91

Other Expenses Accrued and Unpaid 87 92 34 40 46

All Other Liabilities 696 686 655 559 505

TOT AL OTHER LIABILITIES 814 815 735 670 642

STATE BANK OF SPEER - INCOME STATEMENT

2014 2013 2012 2011 2010 INTEREST INCOME

Real Estate Loans 2,659 2,707 2,763 2,939 2,805 Consumer Loans 123 125 143 155 171 Commercial and All Other Loans 943 868 851 1,054 1,089

Interest Inc on Balances Due from Banks 6 53 45 0 0 Interest Inc on Securities

States and Municipalities 741 691 541 469 387 U S Government Securities 1,347 1,034 1,255 1,516 1,759 Equity Securities 0 0 0 0 0

Interest Inc on Federal Funds Sold 0 0 0 0 0 Other Interest Income 3 2 2 0 TOTAL INTEREST INCOME 5,822 5,480 5,600 6, 134 6,211

INTEREST EXPENSE

Interest Expense on Deposits

Transaction Accounts 57 56 59 121 136 Money Market Deposit Accounts 87 84 97 186 185 Time CDs of $100,000 or more 199 299 347 436 516 All Other Time Deposits 361 447 575 761 1, 103

Interest Expense on Other Borrowed Money 122 109 124 161 198 TOTAL INTEREST EXPENSE 826 995 1,202 1,665 2, 138

NET INTEREST INCOME 4,996 4,485 4,398 4,469 4,073

PROVISION FOR LOAN LOSSES 195 270 450 360 360

NONINTEREST INCOME

Service Charges on Deposit Accounts 143 143 171 148 152 Income from Sale of Loans 79 151 221 105 134 Income from Sale of Other Assets 0 5 0 (11) 0 Net Servicing Fee 97 78 65 56 46 Investment Banking Income 64 0 0 0 0 Other Noninterest Income 212 220 241 239 220

TOTAL NONINTEREST INCOME 595 597 698 537 552

GAINS ON A F S SECURITIES 25 0 26 3 16

NONINTEREST EXPENSES

Salaries and Employee Benefits 1,831 1,718 1,777 1,636 1,489 Exp of Premises and Fixed Assets 559 469 740 488 502 Investment Banking Expense 38 0 0 0 0 Other Noninterest Expenses 1,345 1, 128 1, 135 1,068 1,054

TOTAL NONINTEREST EXPENSES 3,773 3,315 3,652 3, 192 3,045

INCOME BEFORE TAXES 1,648 1,497 1,020 1,457 1,236

APPLICABLE INCOME TAXES 0 0 0 0 0

NET INCOME 1,648 1,497 1,020 1,457 1,236

EQUITY CHANGES IN CAPITAL

COMMON SURPLUS UNO. UNR. TOTAL

STOCK PROFITS G/(L)

Beginning· 1-Jan-14 100 3,900 11, 162 (293) 14,869 Capital from Holding Company 48 48 Net Income 1,648 1,648 Less: Div & Dist. (690) (690) Net Unreal. G/(L) 1,479 1,479 Ending Balance 100 3,948 12, 120 1, 186 17,354

CHANGES IN ALLOWANCE FOR LOAN LOSSES

Balance 1 I 1 /2014 1,367

Recoveries credited to account 27

Less charge-offs (173)

Provisions for loan losses 195

Adjustments 0 Balance 12/31/2014 1416

LOANS

Loans secured by real estate

Construction loan 2, 132 Secured by farmland 10,856 Revolving, open-end secured by 1-4 fm res. prop. 3,934 Secured by 1-4 family residential properties 21,680 Secured by junior liens on residential properties 1,013 Secured by multi-family residential 4,816 Secured by non-farm and non-residential 15,628

Loans to depository institutions 0 Loans to finance agriculture production 15,610 Commercial and industrial loans 13,907 Loans to individuals for household and family 1,598 Loans to States/Political Subdivisions, Tax Exempt 81 All other loans 482 TOTAL LOANS 91,737

PAST DUE AND NONACCRUAL LOANS AND LEASES

TYPE OF LOAN 30-89 days Over 90 days Nonaccrual Real Estate Loans 583 45 790 Consumer Loans 50 13 0 Commercial/Other Loans 0 0 162 TOTALS 633 58 952

STATE BANK OF SPEER

QUARTERLY AVERAGES

Interest bearing balances due from banks

Taxable securities

Securities issued by states and political subdivisions

Federal Funds sold

Total loans

Total assets

Interest bearing transaction accounts

Time Certificates.of Deposit of $100,000 or more

Money Market Deposit Accounts (MMDAs)

All other time deposits

Federal Funds purchased and Repurchase agreements

2014

1,061

61,486

24,758

0

87,401

186,862

32,673

23,967

25,695

37,337

13, 188

Officers and Directors of SPEER BANCSHARES, INC.

George M. Stahl, Chairman Steven J. Leuthold, President

Anne C. Rennick, Director Fred A. Menold, Director

Mark A. Rumbold, Director Frank R. Shafer, Director

Winston J. Stoller, Director Marvin A. Streitmatter, Board Secretary

Officers and Directors of STATE BANK OF SPEER

George M. Stahl, Chairman Steven J. Leuthold, President

Marvin A. Streitmatter, Executive Vice President S. Lynne Knobloch, Cashier

Joni M. Kinsella, Vice President Jay A. Glatz, Vice President, Marketing

John M. Moon, Vice President, Information Technology Andrew R. Slatter, Vice President, Compliance

Darlene M. Hudson, Assistant Cashier Barbara E. Lindley, Assistant Cashier

Jackie A. Hampton, Assistant Cashier Anne C. Rennick, Director

Fred A. Menold, Director Mark A. Rumbold, Director

Frank R. Shafer, Director Winston J. Stoller, Director

STAFF AT STATE BANK OF SPEER

Ginger E. Carlisle, Teller Carol A. Williams, Teller

Julie L. Harris, Teller Paula L. King, Teller

Heather L. Pyles, Part-Time Teller Sandi G. Joos, Loan Processing

Quinn P. Steffen, Loan Processing Penny L. Schierer, Loan Processing

Devon N. Knobloch, Loan Officer Daniel J. Klumpp, Investment Officer

Rosemary L. Knowles, Data Processing Paula J. Sprowls, Data Processing

Connie J. Wall, Data Processing Brenda F. Herrmann, Special Events Coordinator

Patricia L. Curry, Part-Time Receptionist

STAFF AT PEORIA BANKING CENTER

Carolyn S. Schlueter, Teller Ashley B. Fuhr, Teller

Heather A. Leighton, Part-Time Teller

Jennifer D. Reay, Part-Time Teller Lynelle R. Berchtold, Teller

Speer Bancshares, Inc.

Annual Report of Bank Holding Company - FR Y-6

December 31, 2014

Report Item 1: Annual Report to Shareholders

The bank holding company prepares an annual report for its shareholders and is not registered with the Securities and Exchange Commission. Two copies of the annual report have been enclosed.

Report Item 2(a): Organization Chart

SPEER BANCSHARES, INC. (100% Ownership of State Bank of Speer)

Speer, IL State ofincorporation: Delaware

STATE BANK OF SPEER Speer, IL

State ofincorporation: Illinois

Report Item 2(b): Domestic Branch Listing

The Domestic Branch Listing was submitted via email on March 18, 2015.

Report Item 3(1): Securities holders

List each securities holder, of record, that directly or indirectly owns, controls, or holds with power to vote 5 percent or more of any class of voting securities of the bank holding company.

Zealy M. Holmes, Chillicothe, IL U.S. Citizen Direct Ownership - 4,570 shares, 22.850% Indirect Ownership-1,482 shares, 7.410% Total Ownership - 6,052 shares, 30.260%

Peggy L. Holmes-Hicks, Chillicothe, IL U.S. Citizen Direct Ownership -356 shares, 1.780% Indirect Ownership- 4,944 shares, 24.720% Total Ownership - 5,300 shares, 26.500%

George M. or Patricia L. Stahl, Wyoming, IL U.S. Citizen Direct Ownership - 6,363 shares, 31.815% Indirect Ownership - 6,062 shares, 30.310% Total Ownership- 12,425 shares, 62.125%

Jam es R. Hicks, Chillicothe, IL U.S. Citizen Direct Ownership -218 shares, 1.090% Indirect Ownership -5,082 shares, 25.410% Total Ownership -5,300 shares, 26.500%

David Frank, Minneapolis, MN U.S. Citizen Direct Ownership - 128 shares, 0.640% Indirect Ownership - 4,882 shares, 24.410% Total Ownership -5,010 shares, 25.050%

Connie Holmes Nelson, Thunder Bay, Ontario, Canada U.S. Citizen Direct Ownership - 156 shares, 0.780% Indirect Ownership - 4,944 shares, 24.720% Total Ownership - 5,100 shares, 25.500%

Wendy Holmes, Minneapolis, MN U.S. Citizen Direct Ownership -156 shares, 0.780% Indirect Ownership -4,854 shares, 24.270% Total Ownership -5,010 shares, 25.050%

Cailin Anne Nelson, Brooklyn, NY U.S. Citizen Direct Ownership-156 shares, 0.780% Indirect Ownership - 4,944 shares, 24.720% Total Ownership - 5,100 shares, 25.500%

Emmalee Holmes-Hicks, Providence, RI U.S. Citizen Direct Ownership-156 shares, 0 .. 780% Indirect Ownership- 5,144 shares, 25.720% Total Ownership -5,300 shares, 26.500%

Kira Zhibo Nelson, Minneapolis, MN U.S. Citizen Direct Ownership- 156 shares, 0.780% Indirect Ownership - 4,854 shares, 24.270% Total Ownership- 5,010 shares, 25.050%

Bradley M. Stahl, Chicago, IL U.S. Citizen Direct Ownership- 10 shares, 0.050% Indirect Ownership -6,363 shares, 31.815% Total Ownership - 6,373 shares, 31.865%

,. .

Report Item 3(:2): Securities holders

List any securities holder not listed in section 3(1) above that owned or contr6ll�d 5 percent or more of any class of voting securities in the bank holding company.

NIA

Results: A list of brarlthes for yollr deposhory Institution: sr11TE O."%tH; OF

REPORT ITEM 4: INSIDERS (1), (2), (3)M(b)lc) AND 4,la)(b)(c)

{l) .

George M.Stahl Wyoming, IL USA

Ste.venJ. leutho!d Dunlap, IL USA

WinstonJ,Stoller East Peoria, IL USA

Anne C. Rennlck Wyomlng, ll USA

Fred A. Meno!d PrincevllJe, IL USA .

(2)

N/A

N/A

Sales of Office Furniture, Widmer Interiors

Attorney at law

Farmer

(3)(a)

Board chalrman and Director

President and Director

Director

Director

Director

FORM FR Y·6 SPEER BANCSHARES, INC.

12/31/2014

(3)(b)

Board Chalrmanornd Director, State Bank of Speer

President/CEO and Director, State Bank of Speer

Director, state a.ink of Speer

Director, State Bank of Speer

DlreCtor, State Bank of Speer

(3)(c)

N/A

N/A

ceo1 Widmer Interiors Peoria, IL

President, Island Rock, LLC East Peoria, IL

Owner, Rennick & Rennkk Wyomlng, IL

President, Fawn Midwest, Inc. Prlncevllle, IL

President, Fawn Meadows, LLC PrincevlHe, IL

Sec re tary/Treasu rer, Menold Brothers, Inc. Prlncevm�, IL

shareholder, Menold farms, Inc. PrlncevlUe, J(

4(a)

61363 shares -Speer Bancshares, Inc. 31.815% Direct Ownership 6,062. shares -·speer Bancshare's, lnc.30,310% Indirect Ownership

12,425 shares -Speer Bancshares, Inc. 62,125% Total Ownership

603 shares -speer Bancshares, Inc. 3.015% Total Ownership

30 shares -Speer Bancshares, Inc. 0.1S% Total Ownership

391 shares -Speer Bancshares, lnc.1.955% Total Ownership

200 shares -Speer Bancshares, lnc. 1% Direct Ownershlp 13lshares -Speer Bancshares, Inc • • 655% Indirect Ownership 331.shares -Speer Bancshares, Jnc.1.6S5% Total Ownership

{4)(b) (4)(c)

N/A N/A

N/A N/A

N/A

N/A

N/A

Widmer Interiors 50%

Island Rock 100%

Anne C. Rennick, Attorney.at Law

100""

fawn Midwest, Inc. >,, �. 100%

' '

fawn Meadows,lLC 100%

Menold Brothers, Inc. 5o1'

:·1

http:Attorney.at

..

;

Frank R.Shafer farmer Director Dlrec:tor, General Partner, 291 shares -Speer Bancshares1 lnc. 1.455% Total Ownership N/A KJLK Propertles, llC Wyomlng, IL State Bank of Speer Shafer Farms Partnershlp 100% USA Wyoming, IL

llmlted Partner Shafer farms famlly, LLLP Wyoming, IL

General Partner In Shafer farms Partnership, which Is a co-owner of Shafer-Down, LLC Wyoming, IL

Sole Member ., KJLK Properties, LLC Wyoming, IL

Marvin A.Streitmatter N/A N/A Executive Vice President N/A 30 shares -Speer Bancshares, Inc • • 15% Total Ownership N/A N/A Prlncevllle, IL State Bank of Speer USA

Mark A. Rumbold Farmer Director Director, Secretary and Director, 200 shares -Speer Bancshares1 lnc. 1% Direct Ownership N/A N/A Speer, IL State Bank of Speer Ezra Rumbold and Son, Inc. 191 shares -Speer Bancshares, Inc • • 955% Indirect Ownership USA Wyoming, IL 391 shares -Speer Bancshares, ]nc. 1.955% Total Ownership

Director, Rumbold Valley farms, Inc. Wyoming! IL

Vice President, Rumbold ·& Kuhn1 Inc. Wyoming, IL

Peggy L Holmes·Hkks Teacher N/A N/A N/A 356 shares -Speer Bancshares, Jnc. 1.780% !J!r_ect Ownership N/A N/A Chltllcothe, IL 4,944 shares -Speer Bancshares, Inc. 24.720% Indirect Ownership USA 5,300 shares -Speer Bancshares, Inc. 26.500% Total Ownership

Zea!V M. Holmes N/A N/A Retired Pres!de,nt, N/A 4,57Dshares -Speer Bancsha'res1 Inc. 22.850% Direct Ownership N/A N/A Ch1tllcothe1 IL State Bank of Speer 1,482 shares-Speer BaOcshares, lnc."7.410".-' indirect Ownership USA 6,052shares - speer Banc5hares, lnc,30.260%')otal ownership

James R. H!Cks farmer N/A N/A N/A 218 shares ;.speer"Bancshares, lnc.1.090% Dlrec(ownershlp N/A N/A chlllfcothe, IL 5,082 shares -Speel',Ba ncshares, Inc •. 2S.4iQ"1' lndfrectownershlp USA 5,300 shares .:.speer Bancshares, Inc. 26:5o(i." Toiaf o_wnershlp

Davld Frank Urban Developer N/A N/A N/A 128 shares -Speer Bancshares, Inc, .640% Direct Ownership N/A N/A Minneapolis, MN 4,882 shares - spe�r Bancshares, Inc. 24.410% Indirect own�f.shlp USA 5,0,10 shares -S�ee:r: Bancshares, Inc. 25.0Sp% Tota[·ownershlp

Connie Holmes Nelson Uiilve.�slty Prof7Jsoi- N/A N/A N/A 156 shares -Speer Bancshar_es,, Inc. ,7ao%·oir�ct O