First of America Bank-Metro Southwest, National Association in Kankakee, Illinois (IL)



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First of America Bank-Metro Southwest, National Association
GeneralFDIC Certificate #: 12394
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First of America Bank-Illinois, National Association (#16262)
Federal Reserve ID: 573634
Date Established: Febuary 07, 1871
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 17 (Interstate: No)
OTS Docket #: 11893
FDIC's unique #: 7882
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 31, 1994
Last Structure Change Process Date: January 31, 1995
Last Data Update: January 31, 1995
Data Source Date: April 05, 2012
LocationAddress: 1 Dearborn Square, Kankakee, IL 60901
County: Kankakee
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Champaign
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Kankakee, IL (#3740)
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): Kankakee-Bradley, IL (#28100)
CBSA Metro Statistical Area: Kankakee-Bradley, IL (#28100)
Financial SummaryTotal assets: $1,049.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$243
Cash and due from depository institutions$630,533
Interest-bearing balances$21,004
Securities$0
Federal funds sold & reverse repurchase agreements$124,957
Net loans & leases$2,400
Loan loss allowance $461,689
Trading account assets$4,218
Bank premises and fixed assets$0
Other real estate owned$8,179
Goodwill and other intangibles$0
All other assets$4,154
Life insurance assets$8,150
Total liabilities and capital$0
Total liabilities$630,533
Total deposits$581,675
Interest-bearing deposits$575,491
Deposits held in domestic offices$518,159
% insured (estimated)575491.00%
Federal funds purchased & repurchase agreements $87
Trading liabilities$1,565
Other borrowed funds $0
Subordinated debt $12
All other liabilities $0
Total equity capital$4,607
Total bank equity capital$4,607
Perpetual preferred stock$48,858
Common stock$0
Surplus$13,725
Undivided profits $18,408
Memoranda
Noncurrent loans and leases $16,725
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,319
Earning assets $3,160
Long-term assets (5+ years) $589,046
Average Assets, year-to-date $176,010
Average Assets, quarterly $500,825
Volatile liabilities $637,590
Insider loans $44,010
FHLB advances $22,197
Loans and leases held for sale $0
Unused loan commitments $32,004
Tier 1 (core) risk-based capital $120,014
Tier 2 risk-based capital $0
Total risk weighted assets $43,683
Total unused commitments $453,816
Restructured Loans and leases $0
Derivatives$801
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $38,540
Net interest income $16,039
Provision for loan and lease losses $22,501
Total noninterest income $1,987
Fiduciary activities $6,287
Service charges on deposit accounts $0
Trading account gains & fees $2,025
Additional noninterest income $0
Total noninterest expense $4,262
Salaries and employee benefits $16,652
Premises and equipment expense $6,083
Additional noninterest expense $1,251
Pre-tax net operating income $9,318
Securities gains (losses) $10,149
Applicable income taxes $268
Income before extraordinary items $3,381
Extraordinary gains - net $7,036
Net income attributable to bank $0
Net charge-offs $7,036
Cash dividends $1,635
Sale, conversion, retirement of capital stock, net $800
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.28%
Net interest margin 3.45%
Noninterest income to earning assets 4.84%
Noninterest expense to earning assets 1.35%
Net operating income to assets 3.58%
Return on assets (ROA) 1.37%
Pretax return on assets 1.40%
Return on equity (ROE) 2.08%
Retained earnings to average equity (YTD only) 18.07%
Net charge-offs to loans 16.02%
Credit loss provision to net charge-offs 0.47%
Efficiency ratio121.53%
Assets per employee$56,062
Cash dividends to net income (YTD only)2.59%
Condition Ratios (%)
Loss allowance to loans 11.37%
Loss allowance to noncurrent loans 0.91%
Noncurrent assets plus other real estate owned to assets 127.09%
Noncurrent loans to loans 0.53%
Net loans and leases to deposits0.71%
Net loans and leases to core deposits 80.23%
Equity capital to assets 86.61%
Core capital (leverage) ratio 7.75%
Tier 1 risk-based capital ratio 6.72%
Total risk-based capital ratio 9.63%
Memoranda
Average assets$11
Average earning assets$500,825
Average equity $38,928
Average loans $465,286
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