First American Bank in Elk Grove Village, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


First American Bank - Overview

  • General
  • FDIC Certificate #: 3657
    Status: Active
    Federal Reserve ID: 850036
    Bank Holding Company (Regulatory Top Holder): First American Bank Corporation (RSSDID: 1199974, Location: Elk Grove Village, IL)
    Date Established: March 26, 1901
    WWW: http://www.firstambank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 50 (Domestic: 50, Interstate: No)
    OTS Docket #: 11088
    FDIC's unique #: 2335
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 15, 2010
    Last Structure Change Process Date: January 19, 2010
    Last Data Update: January 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 700 Busse Road, Elk Grove Village, IL 60007
    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 Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
    Corrections
  • Financial Summary
  • Total assets: $2,710.6 mil
    Equity capital: $265.9 mil
    Deposits held in domestic offices: $2,213.4 mil
    Return on assets (ROA): -0.30% (-$8.1 mil)
    Quarterly return on assets: -0.44% (-$11.9 mil)
    Return on Equity (ROE): -3.10% (-$8.2 mil)
    Quarterly return on equity: -4.50% (-$12.0 mil)
    Net income: -$8.4 mil
    Quarterly Net income: -$3.0 mil
    Pretax return on assets: -0.29% (-$7,860.7 mil)
    Quarterly Pretax return on assets: -0.43% (-$11,655.6 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, 2011)

  • Dollar figures in thousands
  • 531Total employees (full-time equivalent)
  • $2,710,595Total assets
  • $111,256Cash and due from depository institutions
  • $32,815Interest-bearing balances
  • $1,057,700Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,382,765Net loans & leases
  • $62,807Loan loss allowance
  • $9,892Trading account assets
  • $79,291Bank premises and fixed assets
  • $30,001Other real estate owned
  • $7,735Goodwill and other intangibles
  • $2,710,595Life insurance assets
  • $31,955All other assets
  • $2,444,707Total liabilities and capital
  • $2,213,357Total liabilities
  • $1,735,608Total deposits
  • $2,213,357Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 42750.00%% insured (estimated)
  • $9,892Federal funds purchased & repurchase agreements
  • $157,479Trading liabilities
  • $0Other borrowed funds
  • $21,229Subordinated debt
  • $265,888All other liabilities
  • $265,888Total equity capital
  • $265,888Total bank equity capital
  • $0Perpetual preferred stock
  • $7,680Common stock
  • $82,794Surplus
  • $175,414Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,568Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $85,484Income earned, not collected on loans
  • $1,136Earning assets
  • $8,695Long-term assets (5+ years)
  • $2,476,803Average Assets, year-to-date
  • $771,976Average Assets, quarterly
  • $2,791,109Volatile liabilities
  • $2,747,923Insider loans
  • $1,870,858FHLB advances
  • $2,740,173Loans and leases held for sale
  • $300Unused loan commitments
  • $300Tier 1 (core) risk-based capital
  • $245,043Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $543,484Restructured Loans and leases
  • $316Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $117,074Total interest income
  • $18,014Total interest expense
  • $99,060Net interest income
  • $47,940Provision for loan and lease losses
  • $29,854Total noninterest income
  • $6,165Fiduciary activities
  • $7,007Service charges on deposit accounts
  • $38Trading account gains & fees
  • $16,644Additional noninterest income
  • $90,056Total noninterest expense
  • $45,117Salaries and employee benefits
  • $12,048Premises and equipment expense
  • $32,891Additional noninterest expense
  • -$9,082Pre-tax net operating income
  • $869Securities gains (losses)
  • $153Applicable income taxes
  • -$8,366Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,366Net income attributable to bank
  • $0Net charge-offs
  • -$8,366Cash dividends
  • $38,397Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 3.88%Net interest margin
  • 1.17%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • -0.33%Net operating income to assets
  • -0.30%Return on assets (ROA)
  • -0.29%Pretax return on assets
  • -3.10%Return on equity (ROE)
  • -3.10%Retained earnings to average equity (YTD only)
  • 2.39%Net charge-offs to loans
  • 124.85%Credit loss provision to net charge-offs
  • 1.01%Efficiency ratio
  • 69,398Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.34%Loss allowance to noncurrent loans
  • 73.47%Noncurrent assets plus other real estate owned to assets
  • 4.26%Noncurrent loans to loans
  • 5.91%Net loans and leases to deposits
  • 62.47%Net loans and leases to core deposits
  • 74.74%Equity capital to assets
  • 9.81%Core capital (leverage) ratio
  • 8.94%Tier 1 risk-based capital ratio
  • 13.10%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $2,791,109Average earning assets
  • $270,014Average equity
  • $2,554,433Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,051,863Managed Assets
  • 1Number of Accounts
  • $979,286Personal trust and agency accounts
  • $118,927Employee benefit-defined contribution accounts
  • $256,787Employee benefit-defined benefit accounts
  • $1,118Other retirement accounts
  • $101,659Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $499,888Other fiduciary accounts
  • $907Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1060Number of Accounts
  • $0Personal trust and agency accounts
  • $101,659Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $72,577Other retirement accounts
  • $39,754Corporate trust and agency accounts
  • $11,888Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 50 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02335First American Bank700 Busse Road, Elk Grove Village, IL 60007March 26, 1901Full Service Brick and Mortar
    35930Hampshire Facility201 South State Street, Hampshire, IL 60140January 01, 1882Full Service Brick and Mortar
    4201685Dundee Branch218 West Main Street, Dundee, IL 60118November 07, 1988Full Service Brick and Mortar
    6223047Melrose Park Branch2001 North Manheim Road, Melrose Park, IL 60160December 03, 1988Full Service Brick and Mortar
    7223048Riverside Facility15 Riverside Road, Riverside, IL 60546May 15, 1989Full Service Brick and Mortar
    83927Buffalo Grove BranchOne Bank Lane, Buffalo Grove, IL 60089September 12, 1912Full Service Brick and Mortar
    9208107Lindenhurst Facility1906 East Grand Avenue, Lindenhurst, IL 60046November 26, 1986Full Service Brick and Mortar
    10208108Grand Avenue Facility500 Grand Avenue, Lake Villa, IL 60046Febuary 26, 1987Full Service Brick and Mortar
    11208109Milwaukee Avenue Facility701 North Milwaukee Avenue, Vernon Hills, IL 60061March 12, 1988Full Service Brick and Mortar
    1211736North Elston Branch5000 North Elston Avenue, Chicago, IL 60630July 25, 1957Full Service Brick and Mortar
    13242775Busse Road Facility700 Busse Road, Elk Grove, IL 60007September 13, 1983Full Service Brick and Mortar
    14242776Skokie Branch4611 Golf Road, Skokie, IL 60076October 20, 1988Full Service Brick and Mortar
    1515589Stratford Branch80 Stratford Square Drive, Bloomingdale, IL 60108December 29, 1976Full Service Brick and Mortar
    16254486Addison Branch1780 West Fullerton Avenue, Addison, IL 60101October 31, 1986Full Service Brick and Mortar
    17201686Naperville Branch700 East Ogden Avenue, Naperville, IL 60563March 08, 1993Full Service Brick and Mortar
    18201687Diversey Branch1345 West Diversey, Chicago, IL 60614April 15, 1996Full Service Brick and Mortar
    19201688Monroe Branch33 West Monroe, Chicago, IL 60603October 30, 1997Full Service Brick and Mortar
    20201689Geneva Branch1789 South Randall Road, Geneva, IL 60134May 14, 1998Full Service Brick and Mortar
    21201690Lake Zurich Branch33 South Rand Road, Lake Zurich, IL 60047December 05, 1997Full Service Brick and Mortar
    22201691Glen Ellyn Branch830 Roosevelt Road, Glen Ellyn, IL 60137Febuary 24, 1999Full Service Brick and Mortar
    2312194Joliet Branch1818 West Jefferson Street, Joliet, IL 60434July 15, 1960Full Service Brick and Mortar
    24244693Louis Joliet Mall Branch3205 Mall Loop Drive, Joliet, IL 60431June 17, 1998Full Service Brick and Mortar
    2512466Kankakee Branch101 Meadowview Center, Kankakee, IL 60901August 10, 1962Full Service Brick and Mortar
    26245785Bourbonnais Facility288 North Main Street, Bourbonnais, IL 60914July 24, 1978Full Service Brick and Mortar
    27245786Oak Lawn Branch6200 West 95th Street, Oak Lawn, IL 60453May 21, 1998Full Service Brick and Mortar
    28245787Bolingbrook Branch1290 W. Boughton Road, Bolingbrook, IL 60440Febuary 09, 1999Full Service Brick and Mortar
    29201692St. Charles Branch2901 East Main Street, St Charles, IL 60174September 20, 1999Full Service Brick and Mortar
    33357830Lincoln Park Branch356 W. Armitage Avenue, Chicago, IL 60614April 26, 2000Full Service Brick and Mortar
    34357831Aurora Branch3054 East New York Street, Aurora, IL 60504May 01, 2000Full Service Brick and Mortar
    35360179Glenview Branch2101 Willow Road, Glenview, IL 60025April 25, 2001Full Service Brick and Mortar
    36362390Rolling Meadows Branch11430 Golf Road, Rolling Meadows, IL 60008August 20, 2001Full Service Brick and Mortar
    37362693Niles Branch814 Civic Center Drive, Niles, IL 60714October 26, 2001Full Service Brick and Mortar
    38364800Gurnee Branch7005 Grand Avenue, Gurnee, IL 60031October 18, 2001Full Service Brick and Mortar
    40442605Matteson Branch20704 S. Cicero Avenue, Matteson, IL 60443June 16, 2005Full Service Brick and Mortar
    41442606Morgan Park Branch11821 S. Western Avenue, Chicago, IL 60643November 01, 2004Full Service Brick and Mortar
    42442607Www.Firstambank.com BranchWww.Firstambank.com, Elk Grove Village, IL 60007May 01, 2005Full Service Cyber
    43450439Chicago - Archer Heights Branch4501 South Pulaski Road, Chicago, IL 60632April 03, 2006Full Service Brick and Mortar
    44452981Bartlett Branch970 S. Route 59, Bartlett, IL 60103September 16, 2005Full Service Brick and Mortar
    45452982South Elgin Branch632 Randall Road, South Elgin, IL 60177July 25, 2005Full Service Brick and Mortar
    46452983Darien Branch2013 75th Street, Darien, IL 60561January 23, 2006Full Service Brick and Mortar
    47452984Hoffman Estates Branch395 W. Higgins Road, Hoffman Estates, IL 60169April 14, 2006Full Service Brick and Mortar
    48452985Chicago - South Wabash Branch1241 S. Wabash Avenue, Chicago, IL 60605September 14, 2005Full Service Brick and Mortar
    49453033Bolingbrook Ii Branch739 E. Boughton Road, Bolingbrook, IL 60440December 19, 2005Full Service Brick and Mortar
    50465840Naperville Ii Branch3024 Reflection Drive, Naperville, IL 60564June 25, 2007Full Service Brick and Mortar
    51465841Streeterville Branch643 North Fairbanks Court, Chicago, IL 60611March 26, 2007Full Service Brick and Mortar
    52465842Evergreen Park Branch3221 West 87th Street, Evergreen Park, IL 60805September 19, 2006Full Service Brick and Mortar
    53478491Orland Park Branch14245 South La Grange Road, Orland Park, IL 60462July 16, 2008Full Service Retail
    54478772Homer Glen Branch14741 Founders Crossing, Homer Glen, IL 60491August 25, 2007Full Service Brick and Mortar
    55489493Elk Grove Village Branch721 Meacham Road, Elk Grove Village, IL 60007March 11, 2009Full Service Brick and Mortar
    57493036Round Lake Branch1865 South Cedar Lake Road, Round Lake, IL 60073September 18, 2008Full Service Brick and Mortar

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