FSFSB, National Association in Chicago, Illinois (IL)



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Table of contents:
FSFSB, National Association
GeneralFDIC Certificate #: 30017
Status: Inactive
Closing history: Change in Primary Regulatory Agency
Acquiring institution: MB Financial Bank, National Association (#3628)
Federal Reserve ID: 731377
Date Established: January 01, 1926
WWW: http://www.1stsecfed.com
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 4555
FDIC's unique #: 42851
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
SAIF Insured: Yes
State Chartered: No
Date of Deposit Insurance: May 16, 1967
Last Structure Change Effective Date: July 22, 2004
Last Structure Change Process Date: August 04, 2004
Last Data Update: August 04, 2004
Data Source Date: April 05, 2012
LocationAddress: 936 North Western Avenue, Chicago, IL 60622
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 ChangesMerger - Without Assistance
Name Change
Change in Primary Regulatory Agency
Financial SummaryTotal assets: $558.9 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, 2003)
(Dollar figures in thousands)
Total employees (full-time equivalent)89
Total assets$486,440
Cash and due from depository institutions$11,900
Interest-bearing balances$3,909
Securities$140,196
Federal funds sold & reverse repurchase agreements$2,300
Net loans & leases$303,986
Loan loss allowance $3,033
Trading account assets$0
Bank premises and fixed assets$4,270
Other real estate owned$0
Goodwill and other intangibles$61
All other assets$23,727
Life insurance assets$0
Total liabilities and capital$486,440
Total liabilities$417,383
Total deposits$316,587
Interest-bearing deposits$297,260
Deposits held in domestic offices$316,587
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $93,933
Subordinated debt $0
All other liabilities $6,863
Total equity capital$69,057
Total bank equity capital$69,057
Perpetual preferred stock$69,057
Common stock$0
Surplus$1
Undivided profits $40,007
Memoranda
Noncurrent loans and leases $29,049
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $37,670
Income earned, not collected on loans $0
Earning assets $2,749
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,866
Average Assets, quarterly $450,391
Volatile liabilities $0
Insider loans $471,114
FHLB advances $482,818
Loans and leases held for sale $173,204
Unused loan commitments $2,028
Tier 1 (core) risk-based capital $93,644
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $37,670
Restructured Loans and leases $0
Derivatives$3,032
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Income and Expense (December 31, 2003)
(Dollar figures in thousands)
Total interest income $28,359
Total interest expense $10,844
Net interest income $17,515
Provision for loan and lease losses $120
Total noninterest income $3,134
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $3,134
Total noninterest expense $7,212
Salaries and employee benefits $4,843
Premises and equipment expense $1,527
Additional noninterest expense $842
Pre-tax net operating income $13,317
Securities gains (losses) $0
Applicable income taxes $4,735
Income before extraordinary items $8,582
Extraordinary gains - net $0
Net income attributable to bank $8,582
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $25
Net operating income $7,200
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Performance and Condition Ratios (December 31, 2003)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.56%
Cost of funding earning assets 2.51%
Net interest margin 4.05%
Noninterest income to earning assets 0.73%
Noninterest expense to earning assets 1.67%
Net operating income to assets 1.82%
Return on assets (ROA) 1.82%
Pretax return on assets 2.83%
Return on equity (ROE) 13.04%
Retained earnings to average equity (YTD only) 2.10%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 480.00%
Efficiency ratio537.48%
Assets per employee$34,810
Cash dividends to net income (YTD only)5.47%
Condition Ratios (%)
Loss allowance to loans 83.90%
Loss allowance to noncurrent loans 0.99%
Noncurrent assets plus other real estate owned to assets 110.33%
Noncurrent loans to loans 0.57%
Net loans and leases to deposits0.90%
Net loans and leases to core deposits 96.02%
Equity capital to assets 128.09%
Core capital (leverage) ratio 14.20%
Tier 1 risk-based capital ratio 14.07%
Total risk-based capital ratio 25.69%
Memoranda
Average assets$27
Average earning assets$471,114
Average equity $65,833
Average loans $432,122
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