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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with George Washington Savings Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents