FDIC Certificate #: 34027 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Charter One Bank, National Association (#28932) Federal Reserve ID: 2307271 Date Established: June 05, 1995 WWW:http://www.greatbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 55605 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: June 05, 1995 Last Structure Change Effective Date: Febuary 01, 2007 Last Structure Change Process Date: March 13, 2007 Last Data Update: March 13, 2007 Data Source Date: April 05, 2012
Location
Address: 234 South Randall Road, Algonquin, IL 60102 County: Mchenry 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: $355.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
61Total employees (full-time equivalent)
$355,175Total assets
$4,342Cash and due from depository institutions
$44Interest-bearing balances
$24,237Securities
$19,209Federal funds sold & reverse repurchase agreements
$293,915Net loans & leases
$2,969Loan loss allowance
$0Trading account assets
$9,418Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,054All other assets
$355,176Total liabilities and capital
$330,744Total liabilities
$311,077Total deposits
$302,237Interest-bearing deposits
$311,077Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,000Other borrowed funds
$8,000Subordinated debt
$3,667All other liabilities
$24,432Total equity capital
$24,432Total bank equity capital
$24,432Perpetual preferred stock
$0Common stock
$656Surplus
$11,929Undivided profits
Memoranda
$11,847Noncurrent loans and leases
$53,544Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,503Earning assets
$0Long-term assets (5+ years)
$1,667Average Assets, year-to-date
$337,405Average Assets, quarterly
$30,487Volatile liabilities
$350,259Insider loans
$358,286FHLB advances
$94,930Loans and leases held for sale
$4,920Unused loan commitments
$8,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$53,544Total unused commitments
$0Restructured Loans and leases
$10,969Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$23,039Total interest income
$12,429Total interest expense
$10,610Net interest income
$722Provision for loan and lease losses
$4,315Total noninterest income
$0Fiduciary activities
$695Service charges on deposit accounts
$0Trading account gains & fees
$3,620Additional noninterest income
$10,405Total noninterest expense
$4,144Salaries and employee benefits
$959Premises and equipment expense
$5,302Additional noninterest expense
$3,798Pre-tax net operating income
$4Securities gains (losses)
$50Applicable income taxes
$3,752Income before extraordinary items
$0Extraordinary gains - net
$3,752Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$466Sale, conversion, retirement of capital stock, net
$3,600Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.94%Yield on earning assets
3.74%Cost of funding earning assets
3.20%Net interest margin
1.30%Noninterest income to earning assets
3.13%Noninterest expense to earning assets
1.07%Net operating income to assets
1.07%Return on assets (ROA)
1.09%Pretax return on assets
16.56%Return on equity (ROE)
0.67%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
154.94%Credit loss provision to net charge-offs
9.70%Efficiency ratio
69,715Assets per employee
5.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
95.95%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
197.54%Noncurrent assets plus other real estate owned to assets
0.42%Noncurrent loans to loans
0.51%Net loans and leases to deposits
94.48%Net loans and leases to core deposits
135.98%Equity capital to assets
6.88%Core capital (leverage) ratio
6.83%Tier 1 risk-based capital ratio
7.69%Total risk-based capital ratio
Memoranda
$11Average assets
$350,259Average earning assets
$22,654Average equity
$331,959Average loans
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