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- Banks in Illinois (IL)
- First Midwest Bank, National Association
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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- Banks in Illinois (IL)
- First Midwest Bank, National Association
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