First National Bank of La Grange in La Grange, Illinois (IL)

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First National Bank of La Grange
GeneralFDIC Certificate #: 13682
Status: Active
Federal Reserve ID: 766735
Bank Holding Company (Regulatory Top Holder): F.N.b.c. Of La Grange, Inc. (RSSDID: 1201532, Location: La Grange, IL)
Date Established: January 15, 1934
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 13506
FDIC's unique #: 8553
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 15, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 620 West Burlington Street, La Grange, IL 60525
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $317.4 mil
Equity capital: $28.3 mil
Deposits held in domestic offices: $287.0 mil
Return on assets (ROA): 1.41% ($4.5 mil)
Quarterly return on assets: 1.89% ($6.0 mil)
Return on Equity (ROE): 16.72% ($4.7 mil)
Quarterly return on equity: 21.22% ($5.9 mil)
Net income: $4.5 mil
Quarterly Net income: $1.5 mil
Pretax return on assets: 1.43% ($4,538.7 mil)
Quarterly Pretax return on assets: 1.90% ($6,030.5 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)
Total employees (full-time equivalent)59
Total assets$317,394
Cash and due from depository institutions$32,926
Interest-bearing balances$24,894
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$159,112
Loan loss allowance $1,936
Trading account assets$0
Bank premises and fixed assets$7,601
Other real estate owned$245
Goodwill and other intangibles$726
All other assets$3,435
Life insurance assets$317,394
Total liabilities and capital$289,084
Total liabilities$287,025
Total deposits$205,899
Interest-bearing deposits$287,025
Deposits held in domestic offices$83
% insured (estimated)1264.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $795
All other liabilities $28,310
Total equity capital$28,310
Total bank equity capital$28,310
Perpetual preferred stock$0
Common stock$1,638
Undivided profits $23,034
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,731
Earning assets $0
Long-term assets (5+ years) $1,296
Average Assets, year-to-date $297,355
Average Assets, quarterly $55,846
Volatile liabilities $315,537
Insider loans $316,860
FHLB advances $164,678
Loans and leases held for sale $322,089
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $26,465
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $35,846
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,227
Total interest expense $732
Net interest income $9,495
Provision for loan and lease losses $1,080
Total noninterest income $4,168
Fiduciary activities $2,772
Service charges on deposit accounts $317
Trading account gains & fees $0
Additional noninterest income $1,079
Total noninterest expense $8,858
Salaries and employee benefits $5,175
Premises and equipment expense $789
Additional noninterest expense $2,894
Pre-tax net operating income $3,725
Securities gains (losses) $781
Applicable income taxes $42
Income before extraordinary items $4,464
Extraordinary gains - net $0
Net income attributable to bank $4,464
Net charge-offs $0
Cash dividends $4,464
Sale, conversion, retirement of capital stock, net $644
Net operating income $2,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.45%
Cost of funding earning assets 0.25%
Net interest margin 3.20%
Noninterest income to earning assets 1.41%
Noninterest expense to earning assets 2.99%
Net operating income to assets 1.17%
Return on assets (ROA) 1.41%
Pretax return on assets 1.43%
Return on equity (ROE) 16.72%
Retained earnings to average equity (YTD only) 9.23%
Net charge-offs to loans 0.42%
Credit loss provision to net charge-offs 167.70%
Efficiency ratio7.46%
Assets per employee$64,832
Cash dividends to net income (YTD only)5.38%
Condition Ratios (%)
Loss allowance to loans 44.80%
Loss allowance to noncurrent loans 1.20%
Noncurrent assets plus other real estate owned to assets 40.92%
Noncurrent loans to loans 1.57%
Net loans and leases to deposits2.94%
Net loans and leases to core deposits 55.43%
Equity capital to assets 57.79%
Core capital (leverage) ratio 8.92%
Tier 1 risk-based capital ratio 8.22%
Total risk-based capital ratio 16.07%
Average assets$17
Average earning assets$315,537
Average equity $26,705
Average loans $296,390
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$310,817
Number of Accounts1
Personal trust and agency accounts$250,793
Employee benefit-defined contribution accounts$153,942
Employee benefit-defined benefit accounts$16,311
Other retirement accounts$0
Corporate trust and agency accounts$26,132
Investment management agency accounts$0
Other fiduciary accounts$35,770
Fiduciary accounts held in foreign offices$2,975
Non-managed Assets$15,663
Number of Accounts596
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$26,132
Employee benefit-defined benefit accounts$0
Other retirement accounts$60,024
Corporate trust and agency accounts$28,480
Other fiduciary accounts$7,210
Fiduciary accounts held in foreign offices$15,136
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3 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08553First National Bank Of La Grange620 West Burlington Street, La Grange, IL 60525January 15, 1934Full Service Brick and Mortar
1229871Western Springs Facility1013 Burlington Avenue, Western Springs, IL 60558August 01, 1979Full Service Brick and Mortar
2229872Bethlehem Woods Facility1571 West Ogden Avenue, La Grange Park, IL 60526January 02, 1990Full Service Brick and Mortar
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