Fidelity Federal Savings Bank in Chicago, Illinois (IL)



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Fidelity Federal Savings Bank
GeneralFDIC Certificate #: 30221
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: MIDAMERICA BANK, FSB (#28671)
Federal Reserve ID: 230777
Date Established: January 01, 1906
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 4993
FDIC's unique #: 43055
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: January 17, 1944
Last Structure Change Effective Date: July 21, 2003
Last Structure Change Process Date: July 31, 2003
Last Data Update: July 31, 2003
Data Source Date: April 05, 2012
LocationAddress: 5455 West Belmont Ave, Chicago, IL 60641
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 SummaryTotal assets: $649.1 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, 2002)
(Dollar figures in thousands)
Total employees (full-time equivalent)118
Total assets$729,522
Cash and due from depository institutions$4,354
Interest-bearing balances$100
Securities$278,268
Federal funds sold & reverse repurchase agreements$100
Net loans & leases$405,963
Loan loss allowance $1,918
Trading account assets$0
Bank premises and fixed assets$3,559
Other real estate owned$413
Goodwill and other intangibles$124
All other assets$36,741
Life insurance assets$0
Total liabilities and capital$729,522
Total liabilities$672,728
Total deposits$467,802
Interest-bearing deposits$451,112
Deposits held in domestic offices$467,802
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $186,300
Subordinated debt $0
All other liabilities $18,626
Total equity capital$56,794
Total bank equity capital$56,794
Perpetual preferred stock$56,794
Common stock$0
Surplus$1
Undivided profits $20,780
Memoranda
Noncurrent loans and leases $36,013
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $21,481
Income earned, not collected on loans $0
Earning assets $1,825
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,211
Average Assets, quarterly $684,431
Volatile liabilities $0
Insider loans $694,596
FHLB advances $714,122
Loans and leases held for sale $261,214
Unused loan commitments $99
Tier 1 (core) risk-based capital $186,300
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $21,481
Restructured Loans and leases $413
Derivatives$1,918
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Income and Expense (December 31, 2002)
(Dollar figures in thousands)
Total interest income $40,785
Total interest expense $20,699
Net interest income $20,086
Provision for loan and lease losses $554
Total noninterest income $3,669
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $3,669
Total noninterest expense $11,228
Salaries and employee benefits $6,112
Premises and equipment expense $2,566
Additional noninterest expense $2,550
Pre-tax net operating income $11,973
Securities gains (losses) $1,486
Applicable income taxes $4,939
Income before extraordinary items $8,520
Extraordinary gains - net $0
Net income attributable to bank $8,520
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$14
Net operating income $4,847
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Performance and Condition Ratios (December 31, 2002)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.22%
Cost of funding earning assets 3.16%
Net interest margin 3.06%
Noninterest income to earning assets 0.56%
Noninterest expense to earning assets 1.71%
Net operating income to assets 1.09%
Return on assets (ROA) 1.23%
Pretax return on assets 1.94%
Return on equity (ROE) 15.90%
Retained earnings to average equity (YTD only) 6.85%
Net charge-offs to loans -0.00%
Credit loss provision to net charge-offs -3957.14%
Efficiency ratio0.00%
Assets per employee$47,262
Cash dividends to net income (YTD only)6.18%
Condition Ratios (%)
Loss allowance to loans 56.89%
Loss allowance to noncurrent loans 0.47%
Noncurrent assets plus other real estate owned to assets 105.10%
Noncurrent loans to loans 0.31%
Net loans and leases to deposits0.45%
Net loans and leases to core deposits 86.78%
Equity capital to assets 103.33%
Core capital (leverage) ratio 7.79%
Tier 1 risk-based capital ratio 7.84%
Total risk-based capital ratio 16.85%
Memoranda
Average assets$17
Average earning assets$694,596
Average equity $53,583
Average loans $656,004
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