First of America Bank-Metro Southwest, National Association in Kankakee, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1994

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

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 0Total employees (full-time equivalent)
  • $243Total assets
  • $630,533Cash and due from depository institutions
  • $21,004Interest-bearing balances
  • $0Securities
  • $124,957Federal funds sold & reverse repurchase agreements
  • $2,400Net loans & leases
  • $461,689Loan loss allowance
  • $4,218Trading account assets
  • $0Bank premises and fixed assets
  • $8,179Other real estate owned
  • $0Goodwill and other intangibles
  • $8,150Life insurance assets
  • $4,154All other assets
  • $0Total liabilities and capital
  • $630,533Total liabilities
  • $581,675Total deposits
  • $575,491Interest-bearing deposits
  • $518,159Deposits held in domestic offices
  • 575491.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $1,565Trading liabilities
  • $0Other borrowed funds
  • $12Subordinated debt
  • $0All other liabilities
  • $4,607Total equity capital
  • $4,607Total bank equity capital
  • $48,858Perpetual preferred stock
  • $0Common stock
  • $13,725Surplus
  • $18,408Undivided profits
  • Memoranda
  • $16,725Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,319Income earned, not collected on loans
  • $3,160Earning assets
  • $589,046Long-term assets (5+ years)
  • $176,010Average Assets, year-to-date
  • $500,825Average Assets, quarterly
  • $637,590Volatile liabilities
  • $44,010Insider loans
  • $22,197FHLB advances
  • $0Loans and leases held for sale
  • $32,004Unused loan commitments
  • $120,014Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $43,683Total risk weighted assets
  • $453,816Total unused commitments
  • $0Restructured Loans and leases
  • $801Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $38,540Total interest expense
  • $16,039Net interest income
  • $22,501Provision for loan and lease losses
  • $1,987Total noninterest income
  • $6,287Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,025Trading account gains & fees
  • $0Additional noninterest income
  • $4,262Total noninterest expense
  • $16,652Salaries and employee benefits
  • $6,083Premises and equipment expense
  • $1,251Additional noninterest expense
  • $9,318Pre-tax net operating income
  • $10,149Securities gains (losses)
  • $268Applicable income taxes
  • $3,381Income before extraordinary items
  • $7,036Extraordinary gains - net
  • $0Net income attributable to bank
  • $7,036Net charge-offs
  • $1,635Cash dividends
  • $800Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.28%Cost of funding earning assets
  • 3.45%Net interest margin
  • 4.84%Noninterest income to earning assets
  • 1.35%Noninterest expense to earning assets
  • 3.58%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 2.08%Return on equity (ROE)
  • 18.07%Retained earnings to average equity (YTD only)
  • 16.02%Net charge-offs to loans
  • 0.47%Credit loss provision to net charge-offs
  • 121.53%Efficiency ratio
  • 56,062Assets per employee
  • 2.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.37%Loss allowance to loans
  • 0.91%Loss allowance to noncurrent loans
  • 127.09%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.71%Net loans and leases to deposits
  • 80.23%Net loans and leases to core deposits
  • 86.61%Equity capital to assets
  • 7.75%Core capital (leverage) ratio
  • 6.72%Tier 1 risk-based capital ratio
  • 9.63%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $500,825Average earning assets
  • $38,928Average equity
  • $465,286Average loans

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