Drexel National Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 16, 1995

  • Drexel National Bank in Chicago, Illinois (IL)
  • Show street view No street view available for this location

Drexel National Bank - Overview

  • General
  • FDIC Certificate #: 904
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: ShoreBank (#15640)
    Federal Reserve ID: 411633
    Date Established: August 18, 1888
    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 #: 582
    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: January 01, 1934
    Last Structure Change Effective Date: December 16, 1995
    Last Structure Change Process Date: January 23, 1996
    Last Data Update: January 23, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 3401 Martin Luther King Drive, Chicago, IL 60616
    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: $124.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $87Total assets
  • $134,764Cash and due from depository institutions
  • $6,327Interest-bearing balances
  • $0Securities
  • $85,755Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $37,610Loan loss allowance
  • $843Trading account assets
  • $0Bank premises and fixed assets
  • $1,191Other real estate owned
  • $452Goodwill and other intangibles
  • $3,429Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $134,764Total liabilities
  • $127,839Total deposits
  • $127,162Interest-bearing deposits
  • $109,902Deposits held in domestic offices
  • 127162.00%% insured (estimated)
  • $67Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $677Total equity capital
  • $677Total bank equity capital
  • $6,925Perpetual preferred stock
  • $0Common stock
  • $1,290Surplus
  • $2,700Undivided profits
  • Memoranda
  • $2,935Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $241Income earned, not collected on loans
  • $485Earning assets
  • $123,365Long-term assets (5+ years)
  • $79,648Average Assets, year-to-date
  • $135,343Average Assets, quarterly
  • $137,004Volatile liabilities
  • $26,027Insider loans
  • $1,127FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $19,577Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,804Total risk weighted assets
  • $56,144Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,332Total interest expense
  • $3,476Net interest income
  • $4,856Provision for loan and lease losses
  • -$35Total noninterest income
  • $1,491Fiduciary activities
  • $0Service charges on deposit accounts
  • $884Trading account gains & fees
  • $0Additional noninterest income
  • $607Total noninterest expense
  • $5,711Salaries and employee benefits
  • $2,467Premises and equipment expense
  • $1,079Additional noninterest expense
  • $2,165Pre-tax net operating income
  • $671Securities gains (losses)
  • $25Applicable income taxes
  • $76Income before extraordinary items
  • $620Extraordinary gains - net
  • $0Net income attributable to bank
  • $620Net charge-offs
  • $22Cash dividends
  • $550Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.69%Cost of funding earning assets
  • 2.79%Net interest margin
  • 3.90%Noninterest income to earning assets
  • 1.20%Noninterest expense to earning assets
  • 4.59%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.46%Pretax return on assets
  • 0.51%Return on equity (ROE)
  • 7.32%Retained earnings to average equity (YTD only)
  • 0.83%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • -159.09%Efficiency ratio
  • 89,980Assets per employee
  • 1.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 88.71%Loss allowance to loans
  • 2.19%Loss allowance to noncurrent loans
  • 349.79%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 29.58%Net loans and leases to core deposits
  • 37.19%Equity capital to assets
  • 5.14%Core capital (leverage) ratio
  • 6.88%Tier 1 risk-based capital ratio
  • 17.46%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $135,343Average earning assets
  • $8,470Average equity
  • $124,515Average loans

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