Avondale Federal Savings Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 26, 1999

  • Avondale Federal Savings Bank in Chicago, Illinois (IL)
  • Show street view No street view available for this location

Avondale Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28626
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Manufacturers Bank (#16230)
    Federal Reserve ID: 339175
    Date Established: January 01, 1911
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1985
    FDIC's unique #: 41460
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 13, 1938
    Last Structure Change Effective Date: Febuary 26, 1999
    Last Structure Change Process Date: March 11, 1999
    Last Data Update: March 11, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 20 North Clark, Chicago, IL 60602
    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: $498.1 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 168Total employees (full-time equivalent)
  • $498,070Total assets
  • $13,529Cash and due from depository institutions
  • $3,566Interest-bearing balances
  • $179,756Securities
  • $63,000Federal funds sold & reverse repurchase agreements
  • $193,649Net loans & leases
  • $6,717Loan loss allowance
  • $2,139Trading account assets
  • $4,493Bank premises and fixed assets
  • $0Other real estate owned
  • $15,413Goodwill and other intangibles
  • $0Life insurance assets
  • $26,091All other assets
  • $498,070Total liabilities and capital
  • $463,222Total liabilities
  • $353,331Total deposits
  • $353,308Interest-bearing deposits
  • $353,331Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $105,803Other borrowed funds
  • $0Subordinated debt
  • $4,088All other liabilities
  • $34,848Total equity capital
  • $34,848Total bank equity capital
  • $34,848Perpetual preferred stock
  • $0Common stock
  • $42Surplus
  • $37,315Undivided profits
  • Memoranda
  • $-2,509Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,387Earning assets
  • $0Long-term assets (5+ years)
  • $8,017Average Assets, year-to-date
  • $442,110Average Assets, quarterly
  • $0Volatile liabilities
  • $536,205Insider loans
  • $503,177FHLB advances
  • $155,969Loans and leases held for sale
  • $0Unused loan commitments
  • $105,803Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $42,601Total unused commitments
  • $0Restructured Loans and leases
  • $286,819Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $39,694Total interest income
  • $23,338Total interest expense
  • $16,356Net interest income
  • $4,727Provision for loan and lease losses
  • $621Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $139Trading account gains & fees
  • $482Additional noninterest income
  • $18,391Total noninterest expense
  • $9,296Salaries and employee benefits
  • $4,596Premises and equipment expense
  • $4,499Additional noninterest expense
  • -$6,141Pre-tax net operating income
  • $4,758Securities gains (losses)
  • -$795Applicable income taxes
  • -$588Income before extraordinary items
  • $0Extraordinary gains - net
  • -$588Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,312Sale, conversion, retirement of capital stock, net
  • $8,900Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.38%Yield on earning assets
  • 4.93%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 3.88%Noninterest expense to earning assets
  • -0.68%Net operating income to assets
  • -0.11%Return on assets (ROA)
  • -0.26%Pretax return on assets
  • -1.48%Return on equity (ROE)
  • -23.80%Retained earnings to average equity (YTD only)
  • 1.99%Net charge-offs to loans
  • 109.62%Credit loss provision to net charge-offs
  • -0.33%Efficiency ratio
  • 108,329Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1513.61%Loss allowance to loans
  • 3.35%Loss allowance to noncurrent loans
  • 105.17%Noncurrent assets plus other real estate owned to assets
  • 1.28%Noncurrent loans to loans
  • 3.19%Net loans and leases to deposits
  • 54.81%Net loans and leases to core deposits
  • 63.88%Equity capital to assets
  • 7.00%Core capital (leverage) ratio
  • 6.97%Tier 1 risk-based capital ratio
  • 12.10%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $536,205Average earning assets
  • $39,864Average equity
  • $473,410Average loans

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 Avondale Federal Savings 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