First Midwest Bank, National Association in Waukegan, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 18, 1995

  • First Midwest Bank, National Association in Waukegan, Illinois (IL)
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First Midwest Bank, National Association - Overview

  • General
  • FDIC Certificate #: 21916
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Midwest Bank (#3709)
    Federal Reserve ID: 197843
    Date Established: Febuary 03, 1975
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Interstate: No)
    FDIC's unique #: 15185
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 03, 1975
    Last Structure Change Effective Date: May 18, 1995
    Last Structure Change Process Date: May 22, 1995
    Last Data Update: May 22, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 214 Washington Street, Waukegan, IL 60085
    County: Lake
    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: Lake County-Kenosha County, IL-WI (#29404)
  • Financial Summary
  • Total assets: $898.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $405Total assets
  • $889,804Cash and due from depository institutions
  • $43,699Interest-bearing balances
  • $4,916Securities
  • $163,034Federal funds sold & reverse repurchase agreements
  • $100Net loans & leases
  • $650,289Loan loss allowance
  • $8,575Trading account assets
  • $0Bank premises and fixed assets
  • $11,558Other real estate owned
  • $3,403Goodwill and other intangibles
  • $14,301Life insurance assets
  • $3,420All other assets
  • $0Total liabilities and capital
  • $889,804Total liabilities
  • $821,888Total deposits
  • $710,084Interest-bearing deposits
  • $578,442Deposits held in domestic offices
  • 710084.00%% insured (estimated)
  • $79Federal funds purchased & repurchase agreements
  • $106,105Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $5,699Total equity capital
  • $5,699Total bank equity capital
  • $67,916Perpetual preferred stock
  • $0Common stock
  • $13,000Surplus
  • $30,230Undivided profits
  • Memoranda
  • $24,686Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,023Income earned, not collected on loans
  • $4,006Earning assets
  • $818,339Long-term assets (5+ years)
  • $65,609Average Assets, year-to-date
  • $871,431Average Assets, quarterly
  • $905,664Volatile liabilities
  • $196,945Insider loans
  • $617FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $159,414Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $67,588Total risk weighted assets
  • $744,910Total unused commitments
  • $0Restructured Loans and leases
  • $109,201Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $61,798Total interest expense
  • $23,888Net interest income
  • $37,910Provision for loan and lease losses
  • $3,000Total noninterest income
  • $8,389Fiduciary activities
  • $0Service charges on deposit accounts
  • $4,239Trading account gains & fees
  • $0Additional noninterest income
  • $4,150Total noninterest expense
  • $28,848Salaries and employee benefits
  • $14,852Premises and equipment expense
  • $3,206Additional noninterest expense
  • $10,790Pre-tax net operating income
  • $14,451Securities gains (losses)
  • $216Applicable income taxes
  • $5,352Income before extraordinary items
  • $9,315Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,315Net charge-offs
  • $2,714Cash dividends
  • $6,200Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.74%Cost of funding earning assets
  • 2.99%Net interest margin
  • 4.75%Noninterest income to earning assets
  • 1.05%Noninterest expense to earning assets
  • 3.61%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.07%Pretax return on assets
  • 1.68%Return on equity (ROE)
  • 13.98%Retained earnings to average equity (YTD only)
  • 4.68%Net charge-offs to loans
  • 0.44%Credit loss provision to net charge-offs
  • 110.54%Efficiency ratio
  • 61,455Assets per employee
  • 2.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.56%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 142.37%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 0.91%Net loans and leases to deposits
  • 91.58%Net loans and leases to core deposits
  • 105.01%Equity capital to assets
  • 7.63%Core capital (leverage) ratio
  • 7.65%Tier 1 risk-based capital ratio
  • 9.07%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $871,431Average earning assets
  • $66,611Average equity
  • $798,107Average loans

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