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
No
ID
Name
Address
Established
Service Type
Map
0
418425
1st Equity Bank Northwest
1330 Dundee Road, Buffalo Grove, IL 60089
October 15, 2003
Full Service Brick and Mortar
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