First Choice Bank in Geneva, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 19, 2011

First Choice Bank - Overview

  • General
  • FDIC Certificate #: 57212
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: INLAND BANK & TRUST (#22444)
    Federal Reserve ID: 3020193
    Date Established: July 02, 2001
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 359555
    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: July 02, 2001
    Last Structure Change Effective Date: August 19, 2011
    Last Structure Change Process Date: August 22, 2011
    Last Data Update: August 22, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1900 West State Street, Geneva, IL 60134
    County: Kane
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Kansas City
    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: $141.0 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
  • 45Total employees (full-time equivalent)
  • $194,959Total assets
  • $32,318Cash and due from depository institutions
  • $31,028Interest-bearing balances
  • $1,044Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $142,472Net loans & leases
  • $5,037Loan loss allowance
  • $0Trading account assets
  • $4,710Bank premises and fixed assets
  • $12,040Other real estate owned
  • $7Goodwill and other intangibles
  • $0Life insurance assets
  • $2,368All other assets
  • $194,960Total liabilities and capital
  • $188,562Total liabilities
  • $187,616Total deposits
  • $176,441Interest-bearing deposits
  • $187,616Deposits held in domestic offices
  • 88.69%% insured (estimated)
  • $333Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $613All other liabilities
  • $6,398Total equity capital
  • $6,398Total bank equity capital
  • $6,398Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $16,050Undivided profits
  • Memoranda
  • $-10,152Noncurrent loans and leases
  • $18,391Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $13,341Earning assets
  • $0Long-term assets (5+ years)
  • $470Average Assets, year-to-date
  • $174,544Average Assets, quarterly
  • $31,398Volatile liabilities
  • $189,293Insider loans
  • $194,148FHLB advances
  • $69,122Loans and leases held for sale
  • $2,187Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,980Total risk weighted assets
  • $18,391Total unused commitments
  • $7,136Restructured Loans and leases
  • $1,826Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $8,681Total interest income
  • $2,622Total interest expense
  • $6,059Net interest income
  • $5,868Provision for loan and lease losses
  • $1,667Total noninterest income
  • $0Fiduciary activities
  • $126Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,541Additional noninterest income
  • $9,750Total noninterest expense
  • $3,670Salaries and employee benefits
  • $1,235Premises and equipment expense
  • $4,845Additional noninterest expense
  • -$7,892Pre-tax net operating income
  • $237Securities gains (losses)
  • $1,214Applicable income taxes
  • -$8,869Income before extraordinary items
  • $0Extraordinary gains - net
  • -$8,869Net income attributable to bank
  • $0Net charge-offs
  • -$8,869Cash dividends
  • $3,618Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 1.54%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 5.72%Noninterest expense to earning assets
  • -4.81%Net operating income to assets
  • -4.69%Return on assets (ROA)
  • -4.04%Pretax return on assets
  • -84.60%Return on equity (ROE)
  • -84.60%Retained earnings to average equity (YTD only)
  • 2.33%Net charge-offs to loans
  • 162.19%Credit loss provision to net charge-offs
  • -0.56%Efficiency ratio
  • 126,197Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.41%Loss allowance to noncurrent loans
  • 37.76%Noncurrent assets plus other real estate owned to assets
  • 13.02%Noncurrent loans to loans
  • 9.04%Net loans and leases to deposits
  • 75.94%Net loans and leases to core deposits
  • 119.90%Equity capital to assets
  • 3.28%Core capital (leverage) ratio
  • 3.23%Tier 1 risk-based capital ratio
  • 4.51%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $189,293Average earning assets
  • $10,483Average equity
  • $170,487Average loans

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