Citizens National Bank of Downers Grove in Downers Grove, Illinois (IL)



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Citizens National Bank of Downers Grove
GeneralFDIC Certificate #: 15770
Status: Inactive
Closing history: Corrections
Acquiring institution: First Bank National Association (#3630)
Federal Reserve ID: 785530
Date Established: September 12, 1940
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 10017
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: September 12, 1940
Last Structure Change Effective Date: April 23, 1994
Last Structure Change Process Date: May 18, 1994
Last Data Update: December 27, 1999
Data Source Date: April 05, 2012
LocationAddress: 5100 Main Street, Downers Grove, IL 60515
County: Dupage
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 ChangesMerger - Without Assistance
Corrections
Financial SummaryTotal assets: $167.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$29
Cash and due from depository institutions$163,568
Interest-bearing balances$4,998
Securities$0
Federal funds sold & reverse repurchase agreements$125,499
Net loans & leases$0
Loan loss allowance $28,752
Trading account assets$1,381
Bank premises and fixed assets$0
Other real estate owned$1,895
Goodwill and other intangibles$728
All other assets$0
Life insurance assets$1,696
Total liabilities and capital$0
Total liabilities$163,568
Total deposits$152,257
Interest-bearing deposits$132,783
Deposits held in domestic offices$122,497
% insured (estimated)132783.00%
Federal funds purchased & repurchase agreements $82
Trading liabilities$18,385
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$1,089
Total bank equity capital$1,089
Perpetual preferred stock$11,311
Common stock$0
Surplus$1,500
Undivided profits $1,500
Memoranda
Noncurrent loans and leases $8,311
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,551
Earning assets $184
Long-term assets (5+ years) $154,251
Average Assets, year-to-date $5,216
Average Assets, quarterly $166,386
Volatile liabilities $171,557
Insider loans $46,123
FHLB advances $2
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $8,613
Tier 2 risk-based capital $0
Total risk weighted assets $10,987
Total unused commitments $56,746
Restructured Loans and leases $0
Derivatives$45,000
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $9,699
Net interest income $5,646
Provision for loan and lease losses $4,053
Total noninterest income $311
Fiduciary activities $569
Service charges on deposit accounts $145
Trading account gains & fees $350
Additional noninterest income $0
Total noninterest expense $74
Salaries and employee benefits $3,788
Premises and equipment expense $1,054
Additional noninterest expense $392
Pre-tax net operating income $2,342
Securities gains (losses) $523
Applicable income taxes -$29
Income before extraordinary items -$97
Extraordinary gains - net $591
Net income attributable to bank $0
Net charge-offs $591
Cash dividends $117
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 6.18%
Net interest margin 3.60%
Noninterest income to earning assets 2.58%
Noninterest expense to earning assets 0.36%
Net operating income to assets 2.42%
Return on assets (ROA) 0.37%
Pretax return on assets 0.36%
Return on equity (ROE) 0.30%
Retained earnings to average equity (YTD only) 5.53%
Net charge-offs to loans 5.53%
Credit loss provision to net charge-offs 0.22%
Efficiency ratio265.81%
Assets per employee$81,956
Cash dividends to net income (YTD only)5.64%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 4.58%
Noncurrent assets plus other real estate owned to assets 89.04%
Noncurrent loans to loans 1.39%
Net loans and leases to deposits5.15%
Net loans and leases to core deposits 21.65%
Equity capital to assets 27.37%
Core capital (leverage) ratio 6.92%
Tier 1 risk-based capital ratio 6.39%
Total risk-based capital ratio 19.36%
Memoranda
Average assets$21
Average earning assets$166,386
Average equity $10,692
Average loans $156,817
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