First United Bank in Crete, Illinois (IL), IN
Overview, Financial Summary, Detailed Financial Reports, Branches


First United Bank - Overview

  • General
  • FDIC Certificate #: 20685
    Status: Active
    Federal Reserve ID: 38535
    Bank Holding Company (Regulatory Top Holder): Crete Bancorporation, Inc. (RSSDID: 1207543, Location: Crete, IL)
    Date Established: May 06, 1972
    WWW: http://www.1stunitedbnk.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: Yes)
    OTS Docket #: 13417
    FDIC's unique #: 14281
    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 06, 1972
    Last Structure Change Effective Date: July 22, 2010
    Last Structure Change Process Date: July 29, 2010
    Last Data Update: July 29, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 700 Exchange Street, Crete, IL 60417
    County: Will
    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 Trust Powers
  • Financial Summary
  • Total assets: $354.7 mil
    Equity capital: $10.9 mil
    Deposits held in domestic offices: $338.6 mil
    Return on assets (ROA): -1.86% (-$6.6 mil)
    Quarterly return on assets: 0.08% ($0.3 mil)
    Return on Equity (ROE): -45.83% (-$5.0 mil)
    Quarterly return on equity: 2.43% ($0.3 mil)
    Net income: -$7.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -1.77% (-$6,277.8 mil)
    Quarterly Pretax return on assets: 0.42% ($1,489.6 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
  • 95Total employees (full-time equivalent)
  • $354,677Total assets
  • $72,171Cash and due from depository institutions
  • $66,709Interest-bearing balances
  • $57,826Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $184,116Net loans & leases
  • $15,448Loan loss allowance
  • $0Trading account assets
  • $12,546Bank premises and fixed assets
  • $11,915Other real estate owned
  • $0Goodwill and other intangibles
  • $354,677Life insurance assets
  • $16,103All other assets
  • $343,739Total liabilities and capital
  • $338,585Total liabilities
  • $297,705Total deposits
  • $338,585Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 2671.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,483Subordinated debt
  • $10,938All other liabilities
  • $10,938Total equity capital
  • $10,938Total bank equity capital
  • $0Perpetual preferred stock
  • $380Common stock
  • $19,549Surplus
  • $-8,991Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $33,717Income earned, not collected on loans
  • $0Earning assets
  • $1,181Long-term assets (5+ years)
  • $308,651Average Assets, year-to-date
  • $53,012Average Assets, quarterly
  • $381,765Volatile liabilities
  • $365,158Insider loans
  • $204,684FHLB advances
  • $362,843Loans and leases held for sale
  • $11,362Unused loan commitments
  • $3,665Tier 1 (core) risk-based capital
  • $10,932Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,697Total unused commitments
  • $18,295Restructured Loans and leases
  • $3,765Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,230Total interest income
  • $2,793Total interest expense
  • $10,437Net interest income
  • $9,012Provision for loan and lease losses
  • $827Total noninterest income
  • $0Fiduciary activities
  • $1,005Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$178Additional noninterest income
  • $11,413Total noninterest expense
  • $5,377Salaries and employee benefits
  • $1,657Premises and equipment expense
  • $4,379Additional noninterest expense
  • -$9,161Pre-tax net operating income
  • $2,388Securities gains (losses)
  • $344Applicable income taxes
  • -$7,117Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,117Net income attributable to bank
  • $0Net charge-offs
  • -$7,117Cash dividends
  • $9,294Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.97%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 3.13%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • -2.49%Net operating income to assets
  • -1.86%Return on assets (ROA)
  • -1.77%Pretax return on assets
  • -45.83%Return on equity (ROE)
  • -45.83%Retained earnings to average equity (YTD only)
  • 4.21%Net charge-offs to loans
  • 96.97%Credit loss provision to net charge-offs
  • -0.02%Efficiency ratio
  • 101,323Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.74%Loss allowance to noncurrent loans
  • 45.82%Noncurrent assets plus other real estate owned to assets
  • 12.87%Noncurrent loans to loans
  • 16.90%Net loans and leases to deposits
  • 54.38%Net loans and leases to core deposits
  • 56.19%Equity capital to assets
  • 3.08%Core capital (leverage) ratio
  • 3.01%Tier 1 risk-based capital ratio
  • 5.34%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $381,765Average earning assets
  • $15,528Average equity
  • $332,923Average loans

List of branches

  • 4 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014281First United Bank700 Exchange Street, Crete, IL 60417May 06, 1972Full Service Brick and Mortar
    1251540Steger Facility20 West Steger Road, Steger, IL 60475June 02, 1982Full Service Brick and Mortar
    2251541Frankfort Banking Facility7626 W Lincoln Highway, Frankfort, IL 60423September 12, 1990Full Service Brick and Mortar
    4439318Wolf Road Branch22200 Wolf Road, Frankfort, IL 60423March 04, 2005Full Service Brick and Mortar
  • 1 Indiana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    5512307Stjohn Banking Facility Branch10895 Park Place, Saint John, IN 46373August 17, 2009Full Service Brick and Mortar

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