Community First Bank - Chicago in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 04, 2011

  • Community First Bank - Chicago in Chicago, Illinois (IL)
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Community First Bank - Chicago - Overview

  • General
  • FDIC Certificate #: 57948
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Northbrook Bank and Trust Company (#57082)
    Federal Reserve ID: 3348057
    Date Established: November 01, 2005
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 432368
    Numeric code: 13
    Regulator: FED
    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: November 01, 2005
    Last Structure Change Effective Date: Febuary 04, 2011
    Last Structure Change Process Date: Febuary 08, 2011
    Last Data Update: Febuary 08, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 7555 North Western Avenue, Chicago, IL 60645
    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: $51.1 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
  • 13Total employees (full-time equivalent)
  • $51,083Total assets
  • $5,462Cash and due from depository institutions
  • $99Interest-bearing balances
  • $602Securities
  • $545Federal funds sold & reverse repurchase agreements
  • $31,781Net loans & leases
  • $2,100Loan loss allowance
  • $0Trading account assets
  • $4,830Bank premises and fixed assets
  • $7,156Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $707All other assets
  • $51,083Total liabilities and capital
  • $49,812Total liabilities
  • $49,504Total deposits
  • $46,139Interest-bearing deposits
  • $49,504Deposits held in domestic offices
  • 97.97%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $308All other liabilities
  • $1,271Total equity capital
  • $1,271Total bank equity capital
  • $1,271Perpetual preferred stock
  • $0Common stock
  • $1,110Surplus
  • $10,161Undivided profits
  • Memoranda
  • $-10,000Noncurrent loans and leases
  • $2,606Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,190Earning assets
  • $0Long-term assets (5+ years)
  • $128Average Assets, year-to-date
  • $33,027Average Assets, quarterly
  • $1,047Volatile liabilities
  • $56,903Insider loans
  • $53,992FHLB advances
  • $22,722Loans and leases held for sale
  • $2,571Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,606Total unused commitments
  • $3,922Restructured Loans and leases
  • $585Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $2,244Total interest income
  • $766Total interest expense
  • $1,478Net interest income
  • $124Provision for loan and lease losses
  • $54Total noninterest income
  • $0Fiduciary activities
  • $40Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14Additional noninterest income
  • $3,280Total noninterest expense
  • $1,034Salaries and employee benefits
  • $451Premises and equipment expense
  • $1,795Additional noninterest expense
  • -$1,872Pre-tax net operating income
  • $134Securities gains (losses)
  • $0Applicable income taxes
  • -$1,738Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,738Net income attributable to bank
  • $0Net charge-offs
  • -$1,738Cash dividends
  • $574Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.70%Yield on earning assets
  • 1.94%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 8.32%Noninterest expense to earning assets
  • -3.29%Net operating income to assets
  • -3.05%Return on assets (ROA)
  • -3.05%Pretax return on assets
  • -79.03%Return on equity (ROE)
  • -79.03%Retained earnings to average equity (YTD only)
  • 1.52%Net charge-offs to loans
  • 21.60%Credit loss provision to net charge-offs
  • -3.05%Efficiency ratio
  • 214,099Assets per employee
  • 3.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.20%Loss allowance to noncurrent loans
  • 95.89%Noncurrent assets plus other real estate owned to assets
  • 18.30%Noncurrent loans to loans
  • 6.46%Net loans and leases to deposits
  • 64.20%Net loans and leases to core deposits
  • 118.67%Equity capital to assets
  • 2.49%Core capital (leverage) ratio
  • 2.24%Tier 1 risk-based capital ratio
  • 2.77%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $56,903Average earning assets
  • $2,199Average equity
  • $39,402Average loans

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