First Security Trust and Savings Bank in Elmwood Park, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Trust and Savings Bank - Overview

  • General
  • FDIC Certificate #: 17224
    Status: Active
    Federal Reserve ID: 592439
    Bank Holding Company (Regulatory Top Holder): First Security Bancorp, Inc. (RSSDID: 2125523, Location: Elmwood Park, IL)
    Date Established: January 26, 1946
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 11251
    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: May 27, 1953
    Last Structure Change Effective Date: March 15, 2007
    Last Structure Change Process Date: March 15, 2007
    Last Data Update: March 15, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 7315 West Grand Avenue, Elmwood Park, IL 60707
    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
  • Change in Location
  • Financial Summary
  • Total assets: $194.0 mil
    Equity capital: $26.4 mil
    Deposits held in domestic offices: $166.2 mil
    Return on assets (ROA): -2.30% (-$4.5 mil)
    Quarterly return on assets: -2.60% (-$5.0 mil)
    Return on Equity (ROE): -16.17% (-$4.2 mil)
    Quarterly return on equity: -19.69% (-$5.1 mil)
    Net income: -$4.7 mil
    Quarterly Net income: -$1.3 mil
    Pretax return on assets: -2.29% (-$4,443.7 mil)
    Quarterly Pretax return on assets: -2.59% (-$5,025.8 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
  • 49Total employees (full-time equivalent)
  • $194,048Total assets
  • $4,828Cash and due from depository institutions
  • $0Interest-bearing balances
  • $75,111Securities
  • $3,518Federal funds sold & reverse repurchase agreements
  • $92,649Net loans & leases
  • $13,536Loan loss allowance
  • $0Trading account assets
  • $644Bank premises and fixed assets
  • $8,582Other real estate owned
  • $0Goodwill and other intangibles
  • $194,048Life insurance assets
  • $8,716All other assets
  • $167,617Total liabilities and capital
  • $166,230Total liabilities
  • $89,183Total deposits
  • $166,230Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,387Subordinated debt
  • $26,431All other liabilities
  • $26,431Total equity capital
  • $26,431Total bank equity capital
  • $0Perpetual preferred stock
  • $4,500Common stock
  • $40,400Surplus
  • $-18,469Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $22,482Income earned, not collected on loans
  • $0Earning assets
  • $551Long-term assets (5+ years)
  • $171,278Average Assets, year-to-date
  • $84,678Average Assets, quarterly
  • $203,052Volatile liabilities
  • $205,290Insider loans
  • $115,211FHLB advances
  • $203,482Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,462Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,632Restructured Loans and leases
  • $614Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,060Total interest income
  • $396Total interest expense
  • $5,664Net interest income
  • $3,203Provision for loan and lease losses
  • $1,110Total noninterest income
  • $0Fiduciary activities
  • $143Service charges on deposit accounts
  • $0Trading account gains & fees
  • $967Additional noninterest income
  • $8,266Total noninterest expense
  • $3,421Salaries and employee benefits
  • $1,861Premises and equipment expense
  • $2,984Additional noninterest expense
  • -$4,695Pre-tax net operating income
  • $35Securities gains (losses)
  • $17Applicable income taxes
  • -$4,677Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,677Net income attributable to bank
  • $0Net charge-offs
  • -$4,677Cash dividends
  • $6,376Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.59%Yield on earning assets
  • 0.23%Cost of funding earning assets
  • 3.35%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 4.89%Noninterest expense to earning assets
  • -2.32%Net operating income to assets
  • -2.30%Return on assets (ROA)
  • -2.29%Pretax return on assets
  • -16.17%Return on equity (ROE)
  • -16.17%Retained earnings to average equity (YTD only)
  • 6.40%Net charge-offs to loans
  • 50.24%Credit loss provision to net charge-offs
  • -0.23%Efficiency ratio
  • 122,025Assets per employee
  • 3.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 12.75%Loss allowance to noncurrent loans
  • 60.21%Noncurrent assets plus other real estate owned to assets
  • 16.01%Noncurrent loans to loans
  • 21.17%Net loans and leases to deposits
  • 55.74%Net loans and leases to core deposits
  • 65.81%Equity capital to assets
  • 13.62%Core capital (leverage) ratio
  • 9.56%Tier 1 risk-based capital ratio
  • 16.89%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $203,052Average earning assets
  • $28,930Average equity
  • $168,926Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011251First Security Trust And Savings Ban7315 West Grand Avenue, Elmwood Park, IL 60707January 26, 1946Full Service Brick and Mortar

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