George Washington Savings Bank in Orland Park, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 19, 2010

  • George Washington Savings Bank in Orland Park, Illinois (IL)
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George Washington Savings Bank - Overview

  • General
  • FDIC Certificate #: 29952
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Firstmerit Bank, National Association (#13675)
    Federal Reserve ID: 967877
    Date Established: January 01, 1890
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 4412
    FDIC's unique #: 42786
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 20, 1951
    Last Structure Change Effective Date: Febuary 19, 2010
    Last Structure Change Process Date: Febuary 22, 2010
    Last Data Update: Febuary 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 14701 South La Grange Road, Orland Park, IL 60462
    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)
  • Financial Summary
  • Total assets: $413.7 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, 2009)

  • Dollar figures in thousands
  • 54Total employees (full-time equivalent)
  • $413,673Total assets
  • $22,528Cash and due from depository institutions
  • $19,034Interest-bearing balances
  • $17,562Securities
  • $33,000Federal funds sold & reverse repurchase agreements
  • $282,973Net loans & leases
  • $21,917Loan loss allowance
  • $0Trading account assets
  • $9,938Bank premises and fixed assets
  • $18,835Other real estate owned
  • $0Goodwill and other intangibles
  • $8,077Life insurance assets
  • $28,837All other assets
  • $413,673Total liabilities and capital
  • $399,946Total liabilities
  • $395,310Total deposits
  • $373,774Interest-bearing deposits
  • $395,310Deposits held in domestic offices
  • 96.76%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $4,636All other liabilities
  • $13,727Total equity capital
  • $13,727Total bank equity capital
  • $13,727Perpetual preferred stock
  • $0Common stock
  • $139Surplus
  • $9,017Undivided profits
  • Memoranda
  • $4,571Noncurrent loans and leases
  • $35,145Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $124,704Earning assets
  • $0Long-term assets (5+ years)
  • $1,270Average Assets, year-to-date
  • $352,569Average Assets, quarterly
  • $31,572Volatile liabilities
  • $413,372Insider loans
  • $417,567FHLB advances
  • $81,560Loans and leases held for sale
  • $62Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $647Total risk weighted assets
  • $35,145Total unused commitments
  • $0Restructured Loans and leases
  • $4,400Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $19,895Total interest income
  • $9,218Total interest expense
  • $10,677Net interest income
  • $41,042Provision for loan and lease losses
  • $1,402Total noninterest income
  • $0Fiduciary activities
  • $342Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,060Additional noninterest income
  • $8,202Total noninterest expense
  • $3,102Salaries and employee benefits
  • $1,086Premises and equipment expense
  • $4,014Additional noninterest expense
  • -$37,165Pre-tax net operating income
  • -$925Securities gains (losses)
  • -$8,655Applicable income taxes
  • -$29,435Income before extraordinary items
  • $0Extraordinary gains - net
  • -$29,435Net income attributable to bank
  • $0Net charge-offs
  • -$29,435Cash dividends
  • $25,365Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.43%Yield on earning assets
  • 2.52%Cost of funding earning assets
  • 2.91%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.24%Noninterest expense to earning assets
  • -6.95%Net operating income to assets
  • -7.12%Return on assets (ROA)
  • -9.21%Pretax return on assets
  • -90.66%Return on equity (ROE)
  • -90.66%Retained earnings to average equity (YTD only)
  • 7.37%Net charge-offs to loans
  • 161.81%Credit loss provision to net charge-offs
  • 0.15%Efficiency ratio
  • 67,903Assets per employee
  • 7.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.19%Loss allowance to noncurrent loans
  • 17.58%Noncurrent assets plus other real estate owned to assets
  • 34.70%Noncurrent loans to loans
  • 40.90%Net loans and leases to deposits
  • 71.58%Net loans and leases to core deposits
  • 90.19%Equity capital to assets
  • 3.32%Core capital (leverage) ratio
  • 2.75%Tier 1 risk-based capital ratio
  • 3.45%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $413,372Average earning assets
  • $32,469Average equity
  • $366,456Average loans

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