First Midwest Bank in Itasca, Illinois (IL), IN, IA
Overview, Financial Summary, Detailed Financial Reports, Branches


First Midwest Bank - Overview

  • General
  • FDIC Certificate #: 3709
    Status: Active
    Federal Reserve ID: 1007846
    Bank Holding Company (Regulatory Top Holder): First Midwest Bancorp, Inc. (RSSDID: 1208184, Location: Itasca, IL)
    Date Established: Febuary 13, 1933
    WWW: http://www.firstmidwest.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 100 (Domestic: 100, Interstate: Yes)
    OTS Docket #: 11987
    FDIC's unique #: 2376
    Numeric code: 13
    Regulator: FED
    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: Yes
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 02, 2011
    Last Structure Change Process Date: December 22, 2011
    Last Data Update: December 22, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: One Pierce Place, Suite 1500, Itasca, IL 60143
    County: Dupage
    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
  • Office Purchased
  • Financial Summary
  • Total assets: $7,848.0 mil
    Equity capital: $1,063.1 mil
    Deposits held in domestic offices: $6,529.2 mil
    Return on assets (ROA): 0.78% ($61.2 mil)
    Quarterly return on assets: 0.60% ($47.1 mil)
    Return on Equity (ROE): 5.86% ($62.3 mil)
    Quarterly return on equity: 4.47% ($47.5 mil)
    Net income: $62.3 mil
    Quarterly Net income: $12.1 mil
    Pretax return on assets: 1.06% ($83,188.9 mil)
    Quarterly Pretax return on assets: 0.79% ($61,999.3 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
  • 1,768Total employees (full-time equivalent)
  • $7,848,012Total assets
  • $641,465Cash and due from depository institutions
  • $518,111Interest-bearing balances
  • $1,071,848Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $5,193,622Net loans & leases
  • $118,050Loan loss allowance
  • $0Trading account assets
  • $134,308Bank premises and fixed assets
  • $51,995Other real estate owned
  • $274,222Goodwill and other intangibles
  • $7,848,012Life insurance assets
  • $480,552All other assets
  • $6,784,933Total liabilities and capital
  • $6,529,235Total liabilities
  • $5,669,213Total deposits
  • $6,529,235Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 92871.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $112,500Trading liabilities
  • $0Other borrowed funds
  • $50,327Subordinated debt
  • $1,063,079All other liabilities
  • $1,063,079Total equity capital
  • $1,063,079Total bank equity capital
  • $0Perpetual preferred stock
  • $40,000Common stock
  • $677,284Surplus
  • $345,795Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,200Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $225,707Income earned, not collected on loans
  • $207Earning assets
  • $29,806Long-term assets (5+ years)
  • $6,783,581Average Assets, year-to-date
  • $1,397,352Average Assets, quarterly
  • $7,991,302Volatile liabilities
  • $8,048,440Insider loans
  • $6,124,594FHLB advances
  • $7,745,683Loans and leases held for sale
  • $203,414Unused loan commitments
  • $50,045Tier 1 (core) risk-based capital
  • $803,054Tier 2 risk-based capital
  • $153,369Total risk weighted assets
  • $0Total unused commitments
  • $1,348,761Restructured Loans and leases
  • $6,120Derivatives
  • $2,383Total assets and liabilities in foreign offices

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $320,678Total interest income
  • $30,104Total interest expense
  • $290,574Net interest income
  • $67,010Provision for loan and lease losses
  • $94,269Total noninterest income
  • $16,224Fiduciary activities
  • $39,775Service charges on deposit accounts
  • $0Trading account gains & fees
  • $38,270Additional noninterest income
  • $235,581Total noninterest expense
  • $117,696Salaries and employee benefits
  • $32,752Premises and equipment expense
  • $85,133Additional noninterest expense
  • $82,252Pre-tax net operating income
  • $2,410Securities gains (losses)
  • $22,348Applicable income taxes
  • $62,314Income before extraordinary items
  • $0Extraordinary gains - net
  • $62,314Net income attributable to bank
  • $0Net charge-offs
  • $62,314Cash dividends
  • $89,508Sale, conversion, retirement of capital stock, net
  • $45,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 0.44%Cost of funding earning assets
  • 4.20%Net interest margin
  • 1.36%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 5.86%Return on equity (ROE)
  • 1.63%Retained earnings to average equity (YTD only)
  • 1.67%Net charge-offs to loans
  • 74.86%Credit loss provision to net charge-offs
  • 1.67%Efficiency ratio
  • 60,227Assets per employee
  • 4.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.21%Loss allowance to loans
  • 2.22%Loss allowance to noncurrent loans
  • 52.30%Noncurrent assets plus other real estate owned to assets
  • 3.71%Noncurrent loans to loans
  • 4.25%Net loans and leases to deposits
  • 79.54%Net loans and leases to core deposits
  • 81.42%Equity capital to assets
  • 13.55%Core capital (leverage) ratio
  • 10.37%Tier 1 risk-based capital ratio
  • 13.11%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $7,991,302Average earning assets
  • $1,064,129Average equity
  • $6,913,294Average 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
  • $3,235,177Managed Assets
  • 1Number of Accounts
  • $2,052,486Personal trust and agency accounts
  • $730,079Employee benefit-defined contribution accounts
  • $266,523Employee benefit-defined benefit accounts
  • $359,429Other retirement accounts
  • $186,290Corporate trust and agency accounts
  • $1,284Investment management agency accounts
  • $419,326Other fiduciary accounts
  • $89,195Fiduciary accounts held in foreign offices
  • $360Non-managed Assets
  • 3638Number of Accounts
  • $0Personal trust and agency accounts
  • $186,290Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,182,691Other retirement accounts
  • $66,855Corporate trust and agency accounts
  • $131,876Other fiduciary accounts
  • $34,662Fiduciary accounts held in foreign offices

List of branches

  • 75 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02376First Midwest BankOne Pierce Place, Suite 1500, Itasca, IL 60143Febuary 13, 1933Full Service Brick and Mortar
    12359Galesburg Facility302 East Main Street, Galesburg, IL 61401January 18, 1862Full Service Brick and Mortar
    21191Knoxville Branch324 East Main Street, Knoxville, IL 61448January 01, 1891Full Service Brick and Mortar
    4190166Galesburg Hy-Vee Supermarket2030 East Main Street, Galesburg, IL 61401March 19, 1979Full Service Retail
    5283365Moline 41st Street Branch2222 41st Street, Moline, IL 61265January 01, 1958Full Service Brick and Mortar
    6283367East Moline Kennedy Drive4150 Kennedy Drive, East Moline, IL 61244June 30, 1985Full Service Brick and Mortar
    72326Danville Main Branch27 North Vermilion Street, Danville, IL 61832November 07, 1873Full Service Brick and Mortar
    913917Gilbert Street Facility100 North Gilbert Street, Danville, IL 61832September 21, 1970Full Service Brick and Mortar
    1045804North Vermilion Street Branch2806 North Vermilion Street, Danville, IL 61832Febuary 16, 1990Full Service Brick and Mortar
    1115185Waukegan Main Branch214 Washington Street, Waukegan, IL 60085Febuary 03, 1975Full Service Brick and Mortar
    13208099Northside Facility1201 Golf Road, Waukegan, IL 60085June 15, 1981Full Service Brick and Mortar
    1413250Lake Forest Facility241 East Deerpath, Lake Forest, IL 60045June 16, 1965Full Service Brick and Mortar
    1613303Mundelein Facility411 North Seymour Avenue, Mundelein, IL 60060November 05, 1965Full Service Brick and Mortar
    17248545Allanson Road Facility1500 Allanson Road, Mundelein, IL 60060November 20, 1979Full Service Brick and Mortar
    1814186Zion Facility3303 Sheridan Road, Zion, IL 60099December 07, 1971Full Service Brick and Mortar
    1914110Lakehurst Branch1000 Lakehurst Road, Waukegan, IL 60085August 16, 1971Full Service Brick and Mortar
    2112645Deerfield Branch725 Waukegan Road, Deerfield, IL 60015May 24, 1963Full Service Brick and Mortar
    231189Plainfield Main Branch410 Lockport Street, Plainfield, IL 60544June 06, 1913Full Service Brick and Mortar
    2445699Stadium Branch2801 West Jefferson Street, Joliet, IL 60435September 07, 1989Full Service Brick and Mortar
    252378Joliet Main Branch50 West Jefferson Street, Joliet, IL 60432October 27, 1870Full Service Brick and Mortar
    26201784Bedford Road Facility444 Bedford Road, Morris, IL 60450January 22, 1981Full Service Brick and Mortar
    27201785Morris Main220 West Main Street, Morris, IL 60450May 06, 1988Full Service Brick and Mortar
    30235266West Jefferson Street Facility1415 West Jefferson Street, Joliet, IL 60435November 11, 1977Full Service Brick and Mortar
    32235267Webster Street Facility230 North Chicago Street, Joliet, IL 60432October 21, 1985Limited Service Facility
    33201786Seneca Main Facility224 North Main Street, Seneca, IL 61360November 21, 1988Full Service Brick and Mortar
    34201788Bolingbrook Branch450 Bolingbrook Drive, Bolingbrook, IL 60440December 04, 1989Full Service Brick and Mortar
    42201768Champaign Branch812 West Springfield, Champaign, IL 61820July 01, 1996Full Service Brick and Mortar
    50201772Grayslake Main Facility530 E. Washington Street, Grayslake, IL 60030July 28, 1997Full Service Brick and Mortar
    523924Moline Main Branch506 15th Street, Moline, IL 61265January 01, 1906Full Service Brick and Mortar
    53208103Mchenry Weber Branch4502 West Crystal Lake Road, Mchenry, IL 60050Febuary 08, 1979Full Service Brick and Mortar
    54208104Johnsburg Facility3805 N. Johnsburg Road, Johnsburg, IL 60050August 26, 1985Full Service Brick and Mortar
    55201774Buffalo Grove555 West Dundee Road, Buffalo Grove, IL 60089May 08, 1995Full Service Brick and Mortar
    56237756Crystal Lake Branch170 North Route 31, Crystal Lake, IL 60014December 15, 1993Full Service Brick and Mortar
    57201775Route 59 Supermarket Branch2300 Illinois Route 59, Plainfield, IL 60544September 30, 1998Full Service Brick and Mortar
    58201776Carey Branch1308 N. Richmond Road, Mchenry, IL 60050Febuary 23, 1998Limited Service Facility
    605931Blue Island Branch12015 South Western Avenue, Blue Island, IL 60406September 12, 1912Full Service Brick and Mortar
    61219801Drive-In Facility17533 Oak Park Avenue, Tinley Park, IL 60477November 30, 1973Limited Service Facility
    62219802Mokena Branch19648 La Grange Road, Mokena, IL 60448December 26, 1989Full Service Brick and Mortar
    63219803Tinley Park-80th Avenue Branch16700 South 80th Avenue, Tinley Park, IL 60477September 15, 1986Full Service Brick and Mortar
    649393Tinley Park Branch17500 Oak Park Avenue, Tinley Park, IL 60477Febuary 18, 1930Full Service Brick and Mortar
    6516044Crestwood Branch13500 South Cicero Avenue, Crestwood, IL 60445August 30, 1979Full Service Brick and Mortar
    66255613Orland Park Branch11200 W. 143rd Street, Orland Park, IL 60467March 15, 1989Full Service Brick and Mortar
    6814580Oak Lawn Branch6001 West 95th Street, Oak Lawn, IL 60453May 29, 1973Full Service Brick and Mortar
    6914034Country Club Hills Branch4101 West 183rd Street, Country Club Hills, IL 60478March 08, 1971Full Service Brick and Mortar
    7044131Frankfort-St. Francis Branch7645 W. St.Francis Road, Frankfort, IL 60423January 01, 1961Full Service Brick and Mortar
    7113606Alsip Branch11900 South Pulaski Road, Alsip, IL 60803May 16, 1968Full Service Brick and Mortar
    7212169Midlothian Branch3737 West 147th Street, Midlothian, IL 60445June 03, 1960Full Service Brick and Mortar
    75201752Lockport Branch800 South State Street, Lockport, IL 60441April 13, 1996Full Service Brick and Mortar
    76219805Joliet Larkin Branch1301 North Larkin Avenue, Joliet, IL 60435April 21, 1997Full Service Brick and Mortar
    78219807New Lenox Branch1888 East Lincoln Highway, New Lenox, IL 60451April 30, 1998Full Service Brick and Mortar
    79201778Mchenry Branch3510 West Elm Street, Mchenry, IL 60050April 12, 1999Full Service Brick and Mortar
    81201780Midwest Direct Branch50 West Jefferson Street, Joliet, IL 60432Febuary 09, 1998Full Service Cyber
    8242263North Chicago Branch1011 14th Street, North Chicago, IL 60064January 01, 1912Full Service Brick and Mortar
    832367Monee Branch4820 West Court Street, Monee, IL 60449November 14, 1907Full Service Brick and Mortar
    85361064Aurora Branch491 S. Route 59, Aurora, IL 60504November 13, 2000Full Service Brick and Mortar
    86361065Gurnee Branch300 N. Hunt Club Road, Gurnee, IL 60031July 31, 2000Full Service Brick and Mortar
    87364802Joliet Racich Center Branch3800 Rock Creek Blvd., Joliet, IL 60431Febuary 25, 2002Limited Service Administrative
    88364803Direct Banking Branch50 W Jefferson St, Joliet, IL 60432May 01, 2002Full Service Cyber
    8911869Higgins Road Financial Center8501 West Higgins Road, Chicago, IL 60631December 05, 1958Full Service Brick and Mortar
    90425152180th Street Branch11155 180th Street, Orland Park, IL 60462December 05, 2003Full Service Brick and Mortar
    9141842Des Plaines Branch749 Lee Street, Des Plaines, IL 60016July 01, 1934Full Service Brick and Mortar
    93272307Schaumburg Branch2601 West Schaumburg Road, Schaumburg, IL 60194March 03, 1995Full Service Brick and Mortar
    95431743Lindenhurst Branch2975 Sand Lake Road, Lindenhurst, IL 60046May 24, 2004Full Service Brick and Mortar
    1109624Chicago Heights Branch1030 Dixie Highway, Chicago Heights, IL 60411September 30, 1935Full Service Brick and Mortar
    122364849Park Forest Branch2 Main Street, Park Forest, IL 60466November 20, 2001Full Service Brick and Mortar
    127446338Crete Branch1290 East Steger Road, Crete, IL 60417November 15, 2005Full Service Brick and Mortar
    128466057Crest Hill Branch16051 Weber Road, Crest Hill, IL 60403October 13, 2006Full Service Brick and Mortar
    12973862Westmont Branch520 North Cass Avenue, Westmont, IL 60559June 28, 1999Full Service Brick and Mortar
    1306969Peotone Branch200 West Corning Avenue, Peotone, IL 60468January 01, 1916Full Service Brick and Mortar
    13211571Palos Bank And Trust Company Bank Br12600 South Harlem Avenue, Palos Heights, IL 60463June 01, 1956Full Service Brick and Mortar
    133242312Homer Township Branch15801 South Bell Road, Homer Township, IL 60441June 07, 1999Full Service Brick and Mortar
    134419851Westgate Facility Branch13419 S. Ridgeland Ave., Palos Heights, IL 60463January 20, 2003Full Service Brick and Mortar
    135430158Mokena Branch11210 West Lincoln Highway, Mokena, IL 60448August 04, 2003Full Service Brick and Mortar
    136452578Tinley Park Branch9400 West 179th Street, Tinley Park, IL 60477October 20, 2005Full Service Brick and Mortar
    137289749Plainfield South Branch2320 S Route 59, Plainfield, IL 60586June 26, 1998Full Service Brick and Mortar
  • 21 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    976166Hammond Calumet Branch5231 Hohman Avenue, Hammond, IN 46320March 04, 1933Full Service Brick and Mortar
    98220742Columbia Branch6603 Columbia Avenue, Hammond, IN 46320January 29, 1964Full Service Brick and Mortar
    99220743Hessville Branch6611 Kennedy Avenue, Hammond, IN 46323May 18, 1950Full Service Brick and Mortar
    100220744Highland Branch2842 Highway Avenue, Highland, IN 46322December 17, 1954Full Service Brick and Mortar
    101220745Munster Branch750 Ridge Road, Munster, IN 46321November 09, 1956Full Service Brick and Mortar
    102220746Griffith Branch915 West Glen Park Avenue, Griffith, IN 46319March 20, 1969Full Service Brick and Mortar
    103220747Gary Calumet Township Branch1975 West Ridge Road, Gary, IN 46408May 01, 1969Full Service Brick and Mortar
    104220748Schererville Branch1806 Robin Hood Boulevard, Schererville, IN 46375September 21, 1970Full Service Brick and Mortar
    105220749Merrillville East Office7900 Broadway, Merrillville, IN 46410November 03, 1975Full Service Brick and Mortar
    106220750Lincoln Highway-Dyer Branch820 Joliet Street, Dyer, IN 46311September 12, 1978Full Service Brick and Mortar
    107220751St. John Banking Center Branch9800 Wicker Avenue, Saint John, IN 46373January 20, 1992Full Service Brick and Mortar
    108220752Merrillville West Branch7201 Taft Street, Merrillville, IN 46410January 16, 1995Full Service Retail
    111220754Highland Grove Branch10322 Indianapolis Boulevard, Highland, IN 46322August 13, 1997Full Service Brick and Mortar
    112220755Winfield Branch10858 Pike Street, Crown Point, IN 46307October 20, 1997Full Service Brick and Mortar
    113220756Downtown Auto Bank Branch5545 Hohman Avenue, Hammond, IN 46320March 16, 1998Limited Service Facility
    11836093561st Street Branch6001 Broadway, Merrillville, IN 46410July 20, 2001Full Service Retail
    119361743Crown Point North Branch1100 North Main, Crown Point, IN 46307September 15, 2000Full Service Brick and Mortar
    120362026Hobart North Branch999 Old Ridge Road, Hobart, IN 46342September 18, 2001Full Service Retail
    124364852Mobile Branch #1 Branch5231 Hohman Avenue, Hammond, IN 46320Febuary 28, 2002Limited Service Mobile
    125433235Glen Park Branch3500 Grant Street, Gary, IN 46408November 20, 2004Full Service Brick and Mortar
    126434106Crown Point East Branch11275 Broadway, Crown Point, IN 46307December 06, 2004Full Service Brick and Mortar
  • 4 Iowa Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4541666Davenport Main Branch101 West Third Street, Davenport, IA 52801January 01, 1930Full Service Brick and Mortar
    46270910Bettendorf Branch1975 Kimberly Road, Bettendorf, IA 52722January 01, 1930Full Service Brick and Mortar
    47270911Northpark Branch320 West Kimberly Road, Davenport, IA 52806January 01, 1930Full Service Brick and Mortar
    48270913Valley Fair Branch2722 W. Locust, Davenport, IA 52804June 30, 1986Full Service Brick and Mortar

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