Central Federal Savings and Loan Association of Chicago in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Central Federal Savings and Loan Association of Chicago in Chicago, Illinois (IL)
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Central Federal Savings and Loan Association of Chicago - Overview

  • General
  • FDIC Certificate #: 27910
    Status: Active
    Federal Reserve ID: 615879
    Date Established: January 01, 1893
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 529
    FDIC's unique #: 40744
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 26, 1938
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1601 West Belmont Avenue, Chicago, IL 60657
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $102.5 mil
    Equity capital: $19.3 mil
    Deposits held in domestic offices: $73.1 mil
    Return on assets (ROA): -1.45% (-$1.5 mil)
    Quarterly return on assets: -5.22% (-$5.3 mil)
    Return on Equity (ROE): -7.10% (-$1.3 mil)
    Quarterly return on equity: -26.02% (-$4.9 mil)
    Net income: -$1.5 mil
    Quarterly Net income: -$1.3 mil
    Pretax return on assets: -2.43% (-$2,490.6 mil)
    Quarterly Pretax return on assets: -8.74% (-$8,958.1 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, 2011)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $102,495Total assets
  • $11,657Cash and due from depository institutions
  • $11,362Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $85,647Net loans & leases
  • $1,423Loan loss allowance
  • $0Trading account assets
  • $2,168Bank premises and fixed assets
  • $391Other real estate owned
  • $0Goodwill and other intangibles
  • $102,495Life insurance assets
  • $2,632All other assets
  • $83,174Total liabilities and capital
  • $73,107Total liabilities
  • $69,834Total deposits
  • $73,107Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,500Trading liabilities
  • $0Other borrowed funds
  • $567Subordinated debt
  • $19,321All other liabilities
  • $19,321Total equity capital
  • $19,321Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $19,321Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,833Income earned, not collected on loans
  • $0Earning assets
  • $24Long-term assets (5+ years)
  • $97,009Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $100,353Volatile liabilities
  • $99,612Insider loans
  • $80,152FHLB advances
  • $102,495Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,321Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,716Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,752Total interest income
  • $843Total interest expense
  • $3,909Net interest income
  • $3,176Provision for loan and lease losses
  • $219Total noninterest income
  • $0Fiduciary activities
  • $22Service charges on deposit accounts
  • $0Trading account gains & fees
  • $197Additional noninterest income
  • $3,394Total noninterest expense
  • $2,255Salaries and employee benefits
  • $514Premises and equipment expense
  • $625Additional noninterest expense
  • -$2,442Pre-tax net operating income
  • $0Securities gains (losses)
  • -$988Applicable income taxes
  • -$1,454Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,454Net income attributable to bank
  • $0Net charge-offs
  • -$1,454Cash dividends
  • $2,215Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.94%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • -1.45%Net operating income to assets
  • -1.45%Return on assets (ROA)
  • -2.43%Pretax return on assets
  • -7.10%Return on equity (ROE)
  • -7.10%Retained earnings to average equity (YTD only)
  • 2.49%Net charge-offs to loans
  • 143.39%Credit loss provision to net charge-offs
  • 0.33%Efficiency ratio
  • 82,219Assets per employee
  • 4.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 20.83%Noncurrent assets plus other real estate owned to assets
  • 7.05%Noncurrent loans to loans
  • 7.85%Net loans and leases to deposits
  • 117.15%Net loans and leases to core deposits
  • 119.82%Equity capital to assets
  • 18.85%Core capital (leverage) ratio
  • 18.85%Tier 1 risk-based capital ratio
  • 24.11%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $100,353Average earning assets
  • $20,481Average equity
  • $96,144Average loans

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040744Central Federal Savings And Loan Ass1601 West Belmont Avenue, Chicago, IL 60657January 01, 1893Full Service Brick and Mortar
    12640952800 N Broadway Branch2800 N Broadway St, Chicago, IL 60657January 01, 1893Limited Service Facility
    1002640963800 N Lincoln Ave Branch3800 North Lincoln Avenue, Chicago, IL 60613January 01, 1893Limited Service Facility

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