1st Equity Bank in Skokie, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


1st Equity Bank - Overview

  • General
  • FDIC Certificate #: 34393
    Status: Active
    Federal Reserve ID: 2531562
    Bank Holding Company (Regulatory Top Holder): First Equity Corp. (RSSDID: 2531553, Location: Skokie, IL)
    Date Established: June 09, 1997
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 57156
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 09, 1997
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3956 West Dempster Street, Skokie, IL 60076
    County: Cook
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $112.5 mil
    Equity capital: $14.1 mil
    Deposits held in domestic offices: $94.3 mil
    Return on assets (ROA): 0.67% ($0.8 mil)
    Quarterly return on assets: -1.70% (-$1.9 mil)
    Return on Equity (ROE): 5.22% ($0.7 mil)
    Quarterly return on equity: -12.98% (-$1.8 mil)
    Net income: $0.8 mil
    Quarterly Net income: -$0.5 mil
    Pretax return on assets: 0.66% ($742.6 mil)
    Quarterly Pretax return on assets: -1.75% (-$1,969.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $112,522Total assets
  • $21,643Cash and due from depository institutions
  • $14,307Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $88,807Net loans & leases
  • $1,794Loan loss allowance
  • $0Trading account assets
  • $31Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $112,522Life insurance assets
  • $2,041All other assets
  • $98,404Total liabilities and capital
  • $94,260Total liabilities
  • $84,657Total deposits
  • $94,260Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $144Subordinated debt
  • $14,118All other liabilities
  • $14,118Total equity capital
  • $14,118Total bank equity capital
  • $0Perpetual preferred stock
  • $2,500Common stock
  • $7,750Surplus
  • $3,868Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $51Income earned, not collected on loans
  • $0Earning assets
  • $285Long-term assets (5+ years)
  • $103,114Average Assets, year-to-date
  • $246Average Assets, quarterly
  • $113,448Volatile liabilities
  • $111,280Insider loans
  • $79,011FHLB advances
  • $110,934Loans and leases held for sale
  • $95Unused loan commitments
  • $95Tier 1 (core) risk-based capital
  • $14,118Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,021Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,135Total interest income
  • $1,185Total interest expense
  • $3,950Net interest income
  • $1,375Provision for loan and lease losses
  • $132Total noninterest income
  • $0Fiduciary activities
  • $94Service charges on deposit accounts
  • $0Trading account gains & fees
  • $38Additional noninterest income
  • $1,957Total noninterest expense
  • $1,012Salaries and employee benefits
  • $160Premises and equipment expense
  • $785Additional noninterest expense
  • $750Pre-tax net operating income
  • $0Securities gains (losses)
  • -$8Applicable income taxes
  • $758Income before extraordinary items
  • $0Extraordinary gains - net
  • $758Net income attributable to bank
  • $0Net charge-offs
  • $758Cash dividends
  • $1,202Sale, conversion, retirement of capital stock, net
  • $710Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.76%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 1.86%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 5.22%Return on equity (ROE)
  • 0.33%Retained earnings to average equity (YTD only)
  • 1.26%Net charge-offs to loans
  • 114.39%Credit loss provision to net charge-offs
  • 1.77%Efficiency ratio
  • 47,942Assets per employee
  • 14.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 93.67%Loss allowance to loans
  • 1.98%Loss allowance to noncurrent loans
  • 3517.65%Noncurrent assets plus other real estate owned to assets
  • 0.05%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 94.21%Net loans and leases to core deposits
  • 106.56%Equity capital to assets
  • 12.55%Core capital (leverage) ratio
  • 12.73%Tier 1 risk-based capital ratio
  • 17.87%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $113,448Average earning assets
  • $14,528Average equity
  • $105,138Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0571561st Equity Bank3956 West Dempster Street, Skokie, IL 60076June 09, 1997Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with 1st Equity Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents