Ashland State Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1997

  • Ashland State Bank in Chicago, Illinois (IL)
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Ashland State Bank - Overview

  • General
  • FDIC Certificate #: 17305
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Austin Bank of Chicago (#11694)
    Federal Reserve ID: 324630
    Date Established: Febuary 05, 1954
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 12876
    FDIC's unique #: 11318
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 05, 1954
    Last Structure Change Effective Date: July 01, 1997
    Last Structure Change Process Date: August 25, 1997
    Last Data Update: August 25, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 9443 South Ashland Avenue, Chicago, IL 60620
    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)
  • Financial Summary
  • Total assets: $35.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $26Total assets
  • $37,263Cash and due from depository institutions
  • $2,315Interest-bearing balances
  • $171Securities
  • $8,479Federal funds sold & reverse repurchase agreements
  • $700Net loans & leases
  • $23,348Loan loss allowance
  • $313Trading account assets
  • $0Bank premises and fixed assets
  • $1,608Other real estate owned
  • $180Goodwill and other intangibles
  • $408Life insurance assets
  • $225All other assets
  • $0Total liabilities and capital
  • $37,263Total liabilities
  • $33,691Total deposits
  • $32,272Interest-bearing deposits
  • $25,656Deposits held in domestic offices
  • 32272.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,000Subordinated debt
  • $0All other liabilities
  • $419Total equity capital
  • $419Total bank equity capital
  • $3,572Perpetual preferred stock
  • $0Common stock
  • $616Surplus
  • $2,578Undivided profits
  • Memoranda
  • $378Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,195Income earned, not collected on loans
  • $222Earning assets
  • $32,698Long-term assets (5+ years)
  • $3,957Average Assets, year-to-date
  • $36,172Average Assets, quarterly
  • $36,644Volatile liabilities
  • $5,938Insider loans
  • $467FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,305Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,357Total risk weighted assets
  • $24,181Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,015Total interest expense
  • $1,148Net interest income
  • $1,867Provision for loan and lease losses
  • $122Total noninterest income
  • $389Fiduciary activities
  • $0Service charges on deposit accounts
  • $351Trading account gains & fees
  • $0Additional noninterest income
  • $38Total noninterest expense
  • $1,589Salaries and employee benefits
  • $782Premises and equipment expense
  • $265Additional noninterest expense
  • $542Pre-tax net operating income
  • $545Securities gains (losses)
  • $0Applicable income taxes
  • $170Income before extraordinary items
  • $375Extraordinary gains - net
  • $0Net income attributable to bank
  • $375Net charge-offs
  • $183Cash dividends
  • $479Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.55%Cost of funding earning assets
  • 3.64%Net interest margin
  • 5.91%Noninterest income to earning assets
  • 1.23%Noninterest expense to earning assets
  • 5.03%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 1.51%Return on equity (ROE)
  • 10.49%Retained earnings to average equity (YTD only)
  • -2.91%Net charge-offs to loans
  • 0.78%Credit loss provision to net charge-offs
  • 66.67%Efficiency ratio
  • 69,193Assets per employee
  • 1.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 127.73%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 26.19%Noncurrent assets plus other real estate owned to assets
  • 3.69%Noncurrent loans to loans
  • 5.05%Net loans and leases to deposits
  • 72.35%Net loans and leases to core deposits
  • 85.42%Equity capital to assets
  • 9.59%Core capital (leverage) ratio
  • 9.15%Tier 1 risk-based capital ratio
  • 13.88%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $36,172Average earning assets
  • $3,575Average equity
  • $31,575Average loans

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