Bank of Shorewood in Shorewood, Illinois (IL)
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| Bank of Shorewood | |
|---|---|
| General | FDIC Certificate #: 22637 Status: Inactive Closing history: Absorption - Assisted Acquiring institution: Heartland Bank and Trust Company (#20369) Federal Reserve ID: 239640 Date Established: April 24, 1978 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 15793 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: April 24, 1978 Last Structure Change Effective Date: August 05, 2011 Last Structure Change Process Date: August 08, 2011 Last Data Update: August 08, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 700 West Jefferson Street, Shorewood, IL 60431 County: Will 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: $110.7 mil |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 33 |
| Total assets | $124,712 |
| Cash and due from depository institutions | $9,933 |
| Interest-bearing balances | $8,668 |
| Securities | $25,825 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $75,187 |
| Loan loss allowance | $4,698 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,105 |
| Other real estate owned | $5,577 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,085 |
| Life insurance assets | $1,616 |
| Total liabilities and capital | $124,712 |
| Total liabilities | $120,891 |
| Total deposits | $115,319 |
| Interest-bearing deposits | $106,928 |
| Deposits held in domestic offices | $115,319 |
| % insured (estimated) | 98.04% |
| Federal funds purchased & repurchase agreements | $2,170 |
| Trading liabilities | $0 |
| Other borrowed funds | $2,774 |
| Subordinated debt | $0 |
| All other liabilities | $628 |
| Total equity capital | $3,821 |
| Total bank equity capital | $3,821 |
| Perpetual preferred stock | $3,821 |
| Common stock | $0 |
| Surplus | $500 |
| Undivided profits | $7,245 |
| Memoranda | |
| Noncurrent loans and leases | $-3,924 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $5,681 |
| Income earned, not collected on loans | $0 |
| Earning assets | $7,144 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $418 |
| Average Assets, quarterly | $109,680 |
| Volatile liabilities | $17,091 |
| Insider loans | $128,192 |
| FHLB advances | $122,235 |
| Loans and leases held for sale | $40,576 |
| Unused loan commitments | $4,154 |
| Tier 1 (core) risk-based capital | $2,774 |
| Tier 2 risk-based capital | $234 |
| Total risk weighted assets | $0 |
| Total unused commitments | $5,681 |
| Restructured Loans and leases | $5,557 |
| Derivatives | $1,153 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $6,005 |
| Total interest expense | $1,987 |
| Net interest income | $4,018 |
| Provision for loan and lease losses | $4,438 |
| Total noninterest income | -$466 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $411 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$877 |
| Total noninterest expense | $4,857 |
| Salaries and employee benefits | $1,894 |
| Premises and equipment expense | $647 |
| Additional noninterest expense | $2,316 |
| Pre-tax net operating income | -$5,743 |
| Securities gains (losses) | $203 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$5,540 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$5,540 |
| Net charge-offs | $0 |
| Cash dividends | -$5,540 |
| Sale, conversion, retirement of capital stock, net | $2,284 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.32% |
| Cost of funding earning assets | 1.76% |
| Net interest margin | 3.56% |
| Noninterest income to earning assets | -0.41% |
| Noninterest expense to earning assets | 4.30% |
| Net operating income to assets | -4.48% |
| Return on assets (ROA) | -4.32% |
| Pretax return on assets | -4.32% |
| Return on equity (ROE) | -92.21% |
| Retained earnings to average equity (YTD only) | -92.21% |
| Net charge-offs to loans | 2.47% |
| Credit loss provision to net charge-offs | 194.31% |
| Efficiency ratio | -0.57% |
| Assets per employee | $136,740 |
| Cash dividends to net income (YTD only) | 3.78% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 5.88% |
| Noncurrent assets plus other real estate owned to assets | 65.76% |
| Noncurrent loans to loans | 10.20% |
| Net loans and leases to deposits | 8.94% |
| Net loans and leases to core deposits | 65.20% |
| Equity capital to assets | 97.76% |
| Core capital (leverage) ratio | 3.06% |
| Tier 1 risk-based capital ratio | 3.00% |
| Total risk-based capital ratio | 4.25% |
| Memoranda | |
| Average assets | $6 |
| Average earning assets | $128,192 |
| Average equity | $6,008 |
| Average loans | $112,881 |
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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.