Edens Bank in Wilmette, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 30, 2011

  • Edens Bank in Wilmette, Illinois (IL)
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Edens Bank - Overview

  • General
  • FDIC Certificate #: 20435
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: North Community Bank (#20624)
    Federal Reserve ID: 281144
    Date Established: June 10, 1971
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    FDIC's unique #: 14086
    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: June 10, 1971
    Last Structure Change Effective Date: March 30, 2011
    Last Structure Change Process Date: April 12, 2011
    Last Data Update: April 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3245 West Lake Avenue, Wilmette, IL 60091
    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: $249.2 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
  • 59Total employees (full-time equivalent)
  • $249,172Total assets
  • $35,916Cash and due from depository institutions
  • $26,649Interest-bearing balances
  • $1,926Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $188,085Net loans & leases
  • $5,574Loan loss allowance
  • $0Trading account assets
  • $14,785Bank premises and fixed assets
  • $1,623Other real estate owned
  • $396Goodwill and other intangibles
  • $187Life insurance assets
  • $6,441All other assets
  • $249,172Total liabilities and capital
  • $225,697Total liabilities
  • $225,003Total deposits
  • $194,405Interest-bearing deposits
  • $225,003Deposits held in domestic offices
  • 98.21%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $694All other liabilities
  • $23,475Total equity capital
  • $23,475Total bank equity capital
  • $23,475Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $6,503Undivided profits
  • Memoranda
  • $16,572Noncurrent loans and leases
  • $11,983Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $21,718Earning assets
  • $0Long-term assets (5+ years)
  • $851Average Assets, year-to-date
  • $216,660Average Assets, quarterly
  • $9,900Volatile liabilities
  • $264,915Insider loans
  • $253,872FHLB advances
  • $65,159Loans and leases held for sale
  • $1,615Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $394Total risk weighted assets
  • $11,983Total unused commitments
  • $27,861Restructured Loans and leases
  • $2,324Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $12,854Total interest income
  • $3,003Total interest expense
  • $9,851Net interest income
  • $8,403Provision for loan and lease losses
  • $410Total noninterest income
  • $0Fiduciary activities
  • $491Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$81Additional noninterest income
  • $7,332Total noninterest expense
  • $3,136Salaries and employee benefits
  • $891Premises and equipment expense
  • $3,305Additional noninterest expense
  • -$5,474Pre-tax net operating income
  • $232Securities gains (losses)
  • -$1,847Applicable income taxes
  • -$3,395Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,395Net income attributable to bank
  • $0Net charge-offs
  • -$3,395Cash dividends
  • $5,655Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.43%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 4.16%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • -1.34%Net operating income to assets
  • -1.28%Return on assets (ROA)
  • -1.98%Pretax return on assets
  • -13.52%Return on equity (ROE)
  • -13.52%Retained earnings to average equity (YTD only)
  • 2.61%Net charge-offs to loans
  • 148.59%Credit loss provision to net charge-offs
  • 0.52%Efficiency ratio
  • 71,016Assets per employee
  • 4.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.88%Loss allowance to noncurrent loans
  • 25.67%Noncurrent assets plus other real estate owned to assets
  • 9.37%Noncurrent loans to loans
  • 11.21%Net loans and leases to deposits
  • 83.59%Net loans and leases to core deposits
  • 117.67%Equity capital to assets
  • 9.42%Core capital (leverage) ratio
  • 9.02%Tier 1 risk-based capital ratio
  • 12.63%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $264,915Average earning assets
  • $25,105Average equity
  • $236,607Average loans

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