Great Lakes Bank, National Association in Blue Island, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Great Lakes Bank, National Association - Overview

  • General
  • FDIC Certificate #: 3610
    Status: Active
    Federal Reserve ID: 395836
    Bank Holding Company (Regulatory Top Holder): Great Lakes Financial Resources, Inc. Employee Stock Ownership Plan (RSSDID: 1427444, Location: Matteson, IL)
    Date Established: June 01, 1896
    WWW: http://www.bankofchoice.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 10904
    FDIC's unique #: 2300
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 28, 2007
    Last Structure Change Process Date: December 05, 2007
    Last Data Update: December 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 13057 South Western Avenue, Blue Island, IL 60406
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $627.2 mil
    Equity capital: $60.9 mil
    Deposits held in domestic offices: $501.8 mil
    Return on assets (ROA): 0.16% ($1.0 mil)
    Quarterly return on assets: -0.12% (-$0.8 mil)
    Return on Equity (ROE): 1.70% ($1.0 mil)
    Quarterly return on equity: -1.24% (-$0.8 mil)
    Net income: $1.0 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 0.15% ($940.9 mil)
    Quarterly Pretax return on assets: -0.27% (-$1,693.5 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
  • 133Total employees (full-time equivalent)
  • $627,240Total assets
  • $8,916Cash and due from depository institutions
  • $0Interest-bearing balances
  • $303,199Securities
  • $7,400Federal funds sold & reverse repurchase agreements
  • $270,287Net loans & leases
  • $8,507Loan loss allowance
  • $0Trading account assets
  • $10,968Bank premises and fixed assets
  • $4,061Other real estate owned
  • $661Goodwill and other intangibles
  • $627,240Life insurance assets
  • $21,748All other assets
  • $566,355Total liabilities and capital
  • $501,768Total liabilities
  • $374,999Total deposits
  • $501,768Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 42912.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $1,675Subordinated debt
  • $60,885All other liabilities
  • $60,885Total equity capital
  • $60,885Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $17,276Surplus
  • $40,609Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,245Income earned, not collected on loans
  • $0Earning assets
  • $2,534Long-term assets (5+ years)
  • $580,886Average Assets, year-to-date
  • $229,287Average Assets, quarterly
  • $637,429Volatile liabilities
  • $636,059Insider loans
  • $402,509FHLB advances
  • $642,011Loans and leases held for sale
  • $10,452Unused loan commitments
  • $10,452Tier 1 (core) risk-based capital
  • $59,537Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $65,817Restructured Loans and leases
  • $3,365Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,009Total interest income
  • $3,300Total interest expense
  • $20,709Net interest income
  • $5,100Provision for loan and lease losses
  • $2,577Total noninterest income
  • $0Fiduciary activities
  • $1,995Service charges on deposit accounts
  • $0Trading account gains & fees
  • $582Additional noninterest income
  • $19,375Total noninterest expense
  • $9,660Salaries and employee benefits
  • $3,153Premises and equipment expense
  • $6,562Additional noninterest expense
  • -$1,189Pre-tax net operating income
  • $2,171Securities gains (losses)
  • -$34Applicable income taxes
  • $1,016Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,016Net income attributable to bank
  • $0Net charge-offs
  • $1,016Cash dividends
  • $5,307Sale, conversion, retirement of capital stock, net
  • $800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.07%Yield on earning assets
  • 0.56%Cost of funding earning assets
  • 3.51%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • -0.18%Net operating income to assets
  • 0.16%Return on assets (ROA)
  • 0.15%Pretax return on assets
  • 1.70%Return on equity (ROE)
  • 0.36%Retained earnings to average equity (YTD only)
  • 1.73%Net charge-offs to loans
  • 96.10%Credit loss provision to net charge-offs
  • 0.74%Efficiency ratio
  • 83,205Assets per employee
  • 4.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 78.74%Loss allowance to loans
  • 3.05%Loss allowance to noncurrent loans
  • 69.47%Noncurrent assets plus other real estate owned to assets
  • 2.60%Noncurrent loans to loans
  • 4.39%Net loans and leases to deposits
  • 53.87%Net loans and leases to core deposits
  • 54.38%Equity capital to assets
  • 9.71%Core capital (leverage) ratio
  • 9.27%Tier 1 risk-based capital ratio
  • 14.79%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $637,429Average earning assets
  • $59,659Average equity
  • $589,696Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $112,497Managed Assets
  • 1Number of Accounts
  • $88,749Personal trust and agency accounts
  • $32,100Employee benefit-defined contribution accounts
  • $6,975Employee benefit-defined benefit accounts
  • $4,643Other retirement accounts
  • $8,779Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $36,252Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 192Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $23,748Other retirement accounts
  • $265Corporate trust and agency accounts
  • $23,363Other fiduciary accounts
  • $120Fiduciary accounts held in foreign offices

List of branches

  • 8 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    02300Great Lakes Bank, National Association13057 South Western Avenue, Blue Island, IL 60406June 01, 1896Full Service Brick and Mortar
    215567Alsip Branch11346 South Cicero Avenue, Alsip, IL 60803November 03, 1976Full Service Brick and Mortar
    310624Homewood Branch2034 Ridge Road, Homewood, IL 60430July 27, 1946Full Service Brick and Mortar
    5251912Flossmoor Drive-Up Facility19601 Governors Highway, Flossmoor, IL 60422December 17, 1979Limited Service Facility
    640600Homewood Branch18600 Dixie Highway, Homewood, IL 60043January 01, 1914Full Service Brick and Mortar
    7238114Lansing Branch18120 South Torrence Avenue, Lansing, IL 60438November 21, 1994Full Service Brick and Mortar
    9238116Mokena Main Branch9697 West 191st Street, Mokena, IL 60448May 05, 1997Full Service Brick and Mortar
    1014445Matteson Branch4600 West Lincoln Highway, Matteson, IL 60443January 02, 1973Full Service Brick and Mortar

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