First Nations Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Nations Bank - Overview

  • General
  • FDIC Certificate #: 22282
    Status: Active
    Federal Reserve ID: 277240
    Bank Holding Company (Regulatory Top Holder): Illinois State Bancorp, Inc. (RSSDID: 1889565, Location: Chicago, IL)
    Date Established: June 07, 1976
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 15493
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 07, 1976
    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
  • Location
  • Address: 7757 West Devon Avenue, Chicago, IL 60631
    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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $278.7 mil
    Equity capital: $35.0 mil
    Deposits held in domestic offices: $235.6 mil
    Return on assets (ROA): 0.43% ($1.2 mil)
    Quarterly return on assets: 0.44% ($1.2 mil)
    Return on Equity (ROE): 4.00% ($1.4 mil)
    Quarterly return on equity: 3.44% ($1.2 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.72% ($2,006.6 mil)
    Quarterly Pretax return on assets: 0.72% ($2,006.6 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
  • 39Total employees (full-time equivalent)
  • $278,699Total assets
  • $6,976Cash and due from depository institutions
  • $1,744Interest-bearing balances
  • $26,838Securities
  • $26,833Federal funds sold & reverse repurchase agreements
  • $207,986Net loans & leases
  • $7,470Loan loss allowance
  • $0Trading account assets
  • $4,069Bank premises and fixed assets
  • $0Other real estate owned
  • $94Goodwill and other intangibles
  • $278,700Life insurance assets
  • $5,903All other assets
  • $243,734Total liabilities and capital
  • $235,558Total liabilities
  • $213,233Total deposits
  • $235,558Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 6541.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $635Subordinated debt
  • $34,966All other liabilities
  • $34,966Total equity capital
  • $34,966Total bank equity capital
  • $0Perpetual preferred stock
  • $1,691Common stock
  • $16,276Surplus
  • $16,999Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,276Income earned, not collected on loans
  • $0Earning assets
  • $1,183Long-term assets (5+ years)
  • $263,401Average Assets, year-to-date
  • $1,525Average Assets, quarterly
  • $281,889Volatile liabilities
  • $277,746Insider loans
  • $222,748FHLB advances
  • $277,982Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $34,984Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,589Restructured Loans and leases
  • $5,810Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,705Total interest income
  • $2,467Total interest expense
  • $11,238Net interest income
  • $4,280Provision for loan and lease losses
  • $375Total noninterest income
  • $31Fiduciary activities
  • $231Service charges on deposit accounts
  • $0Trading account gains & fees
  • $113Additional noninterest income
  • $5,312Total noninterest expense
  • $2,612Salaries and employee benefits
  • $468Premises and equipment expense
  • $2,232Additional noninterest expense
  • $2,021Pre-tax net operating income
  • $0Securities gains (losses)
  • $804Applicable income taxes
  • $1,217Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,217Net income attributable to bank
  • $0Net charge-offs
  • $1,217Cash dividends
  • $1,943Sale, conversion, retirement of capital stock, net
  • $1,319Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.14%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 4.22%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 1.99%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 4.00%Return on equity (ROE)
  • -0.34%Retained earnings to average equity (YTD only)
  • 0.90%Net charge-offs to loans
  • 220.28%Credit loss provision to net charge-offs
  • 3.24%Efficiency ratio
  • 45,742Assets per employee
  • 7.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 108.38%Loss allowance to loans
  • 3.47%Loss allowance to noncurrent loans
  • 585.42%Noncurrent assets plus other real estate owned to assets
  • 0.46%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 88.30%Net loans and leases to core deposits
  • 103.48%Equity capital to assets
  • 12.55%Core capital (leverage) ratio
  • 12.58%Tier 1 risk-based capital ratio
  • 15.71%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $281,889Average earning assets
  • $30,402Average equity
  • $266,559Average 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
  • $1,824Managed Assets
  • 1Number of Accounts
  • $173Personal trust and agency accounts
  • $173Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,651Other retirement accounts
  • $1,651Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015493First Nations Bank7757 West Devon Avenue, Chicago, IL 60631June 07, 1976Full Service Brick and Mortar
    1254322Wheaton Branch1151 East Butterfield Road, Wheaton, IL 60187June 16, 1997Full Service Brick and Mortar
    2492705Milwaukee Branch5757 N. Milwaukee Ave., Chicago, IL 60646January 05, 2009Full Service Brick and Mortar

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