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

1st Equity Bank Northwest - Overview

  • General
  • FDIC Certificate #: 57611
    Status: Active
    Federal Reserve ID: 3203996
    Bank Holding Company (Regulatory Top Holder): Northwest Equity Corp. (RSSDID: 3203987, Location: Buffalo Grove, IL)
    Date Established: October 15, 2003
    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 #: 418425
    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: October 15, 2003
    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: 1330 Dundee Road, Buffalo Grove, IL 60089
    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: $50.6 mil
    Equity capital: $8.2 mil
    Deposits held in domestic offices: $37.7 mil
    Return on assets (ROA): 0.20% ($0.1 mil)
    Quarterly return on assets: -1.50% (-$0.8 mil)
    Return on Equity (ROE): 1.25% ($0.1 mil)
    Quarterly return on equity: -9.13% (-$0.7 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 0.19% ($96.1 mil)
    Quarterly Pretax return on assets: -1.53% (-$774.2 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
  • 5Total employees (full-time equivalent)
  • $50,600Total assets
  • $7,062Cash and due from depository institutions
  • $6,459Interest-bearing balances
  • $0Securities
  • $490Federal funds sold & reverse repurchase agreements
  • $41,546Net loans & leases
  • $681Loan loss allowance
  • $0Trading account assets
  • $317Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $50,600Life insurance assets
  • $1,185All other assets
  • $42,416Total liabilities and capital
  • $37,723Total liabilities
  • $36,899Total deposits
  • $37,723Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,599Trading liabilities
  • $0Other borrowed funds
  • $94Subordinated debt
  • $8,184All other liabilities
  • $8,184Total equity capital
  • $8,184Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $7,951Surplus
  • $232Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $212Income earned, not collected on loans
  • $0Earning assets
  • $191Long-term assets (5+ years)
  • $48,495Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $52,539Volatile liabilities
  • $50,681Insider loans
  • $31,336FHLB advances
  • $50,529Loans and leases held for sale
  • $135Unused loan commitments
  • $135Tier 1 (core) risk-based capital
  • $8,184Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $219Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,201Total interest income
  • $673Total interest expense
  • $1,528Net interest income
  • $457Provision for loan and lease losses
  • $24Total noninterest income
  • $0Fiduciary activities
  • $2Service charges on deposit accounts
  • $0Trading account gains & fees
  • $22Additional noninterest income
  • $993Total noninterest expense
  • $474Salaries and employee benefits
  • $197Premises and equipment expense
  • $322Additional noninterest expense
  • $102Pre-tax net operating income
  • $0Securities gains (losses)
  • -$2Applicable income taxes
  • $104Income before extraordinary items
  • $0Extraordinary gains - net
  • $104Net income attributable to bank
  • $0Net charge-offs
  • $104Cash dividends
  • $404Sale, conversion, retirement of capital stock, net
  • $165Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 3.03%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 1.97%Noninterest expense to earning assets
  • 0.20%Net operating income to assets
  • 0.20%Return on assets (ROA)
  • 0.19%Pretax return on assets
  • 1.25%Return on equity (ROE)
  • -0.73%Retained earnings to average equity (YTD only)
  • 0.96%Net charge-offs to loans
  • 113.12%Credit loss provision to net charge-offs
  • 1.38%Efficiency ratio
  • 63,982Assets per employee
  • 10.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 158.65%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 321.23%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.50%Net loans and leases to deposits
  • 110.13%Net loans and leases to core deposits
  • 128.49%Equity capital to assets
  • 16.17%Core capital (leverage) ratio
  • 16.20%Tier 1 risk-based capital ratio
  • 26.12%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $52,539Average earning assets
  • $8,336Average equity
  • $50,428Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04184251st Equity Bank Northwest1330 Dundee Road, Buffalo Grove, IL 60089October 15, 2003Full Service Brick and Mortar

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