Bank of Shorewood in Shorewood, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 05, 2011

Bank of Shorewood - Overview

  • 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

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)

  • Dollar figures in thousands
  • 33Total employees (full-time equivalent)
  • $124,712Total assets
  • $9,933Cash and due from depository institutions
  • $8,668Interest-bearing balances
  • $25,825Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $75,187Net loans & leases
  • $4,698Loan loss allowance
  • $0Trading account assets
  • $5,105Bank premises and fixed assets
  • $5,577Other real estate owned
  • $0Goodwill and other intangibles
  • $1,616Life insurance assets
  • $3,085All other assets
  • $124,712Total liabilities and capital
  • $120,891Total liabilities
  • $115,319Total deposits
  • $106,928Interest-bearing deposits
  • $115,319Deposits held in domestic offices
  • 98.04%% insured (estimated)
  • $2,170Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,774Other borrowed funds
  • $0Subordinated debt
  • $628All other liabilities
  • $3,821Total equity capital
  • $3,821Total bank equity capital
  • $3,821Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $7,245Undivided profits
  • Memoranda
  • $-3,924Noncurrent loans and leases
  • $5,681Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,144Earning assets
  • $0Long-term assets (5+ years)
  • $418Average Assets, year-to-date
  • $109,680Average Assets, quarterly
  • $17,091Volatile liabilities
  • $128,192Insider loans
  • $122,235FHLB advances
  • $40,576Loans and leases held for sale
  • $4,154Unused loan commitments
  • $2,774Tier 1 (core) risk-based capital
  • $234Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,681Total unused commitments
  • $5,557Restructured Loans and leases
  • $1,153Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $6,005Total interest income
  • $1,987Total interest expense
  • $4,018Net interest income
  • $4,438Provision for loan and lease losses
  • -$466Total noninterest income
  • $0Fiduciary activities
  • $411Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$877Additional noninterest income
  • $4,857Total noninterest expense
  • $1,894Salaries and employee benefits
  • $647Premises and equipment expense
  • $2,316Additional noninterest expense
  • -$5,743Pre-tax net operating income
  • $203Securities gains (losses)
  • $0Applicable income taxes
  • -$5,540Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,540Net income attributable to bank
  • $0Net charge-offs
  • -$5,540Cash dividends
  • $2,284Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.32%Yield on earning assets
  • 1.76%Cost of funding earning assets
  • 3.56%Net interest margin
  • -0.41%Noninterest income to earning assets
  • 4.30%Noninterest expense to earning assets
  • -4.48%Net operating income to assets
  • -4.32%Return on assets (ROA)
  • -4.32%Pretax return on assets
  • -92.21%Return on equity (ROE)
  • -92.21%Retained earnings to average equity (YTD only)
  • 2.47%Net charge-offs to loans
  • 194.31%Credit loss provision to net charge-offs
  • -0.57%Efficiency ratio
  • 136,740Assets per employee
  • 3.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.88%Loss allowance to noncurrent loans
  • 65.76%Noncurrent assets plus other real estate owned to assets
  • 10.20%Noncurrent loans to loans
  • 8.94%Net loans and leases to deposits
  • 65.20%Net loans and leases to core deposits
  • 97.76%Equity capital to assets
  • 3.06%Core capital (leverage) ratio
  • 3.00%Tier 1 risk-based capital ratio
  • 4.25%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $128,192Average earning assets
  • $6,008Average equity
  • $112,881Average loans

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