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

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