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)
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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

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