Greatbank Chicago in Skokie, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 2007

  • Greatbank Chicago in Skokie, Illinois (IL)
  • Show street view No street view available for this location

Greatbank Chicago - Overview

  • General
  • FDIC Certificate #: 922
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Charter One Bank, National Association (#28932)
    Federal Reserve ID: 970233
    Date Established: May 23, 1914
    WWW: http://www.greatbankna.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 11823
    FDIC's unique #: 597
    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: January 01, 1934
    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: 3300 West Dempster Street, Skokie, IL 60076
    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: $308.1 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
  • 38Total employees (full-time equivalent)
  • $308,062Total assets
  • $4,395Cash and due from depository institutions
  • $47Interest-bearing balances
  • $18,948Securities
  • $7,600Federal funds sold & reverse repurchase agreements
  • $268,472Net loans & leases
  • $2,712Loan loss allowance
  • $0Trading account assets
  • $4,246Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,401All other assets
  • $308,062Total liabilities and capital
  • $284,652Total liabilities
  • $267,719Total deposits
  • $261,314Interest-bearing deposits
  • $267,719Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,000Other borrowed funds
  • $6,750Subordinated debt
  • $3,183All other liabilities
  • $23,410Total equity capital
  • $23,410Total bank equity capital
  • $23,410Perpetual preferred stock
  • $0Common stock
  • $1,393Surplus
  • $7,484Undivided profits
  • Memoranda
  • $14,533Noncurrent loans and leases
  • $115,720Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $174Earning assets
  • $0Long-term assets (5+ years)
  • $1,508Average Assets, year-to-date
  • $295,067Average Assets, quarterly
  • $11,740Volatile liabilities
  • $312,709Insider loans
  • $311,802FHLB advances
  • $73,374Loans and leases held for sale
  • $2,468Unused loan commitments
  • $7,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $115,720Total unused commitments
  • $0Restructured Loans and leases
  • $9,462Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $21,963Total interest income
  • $10,663Total interest expense
  • $11,300Net interest income
  • $385Provision for loan and lease losses
  • $862Total noninterest income
  • $0Fiduciary activities
  • $467Service charges on deposit accounts
  • $0Trading account gains & fees
  • $395Additional noninterest income
  • $8,446Total noninterest expense
  • $2,956Salaries and employee benefits
  • $1,105Premises and equipment expense
  • $4,385Additional noninterest expense
  • $3,331Pre-tax net operating income
  • -$11Securities gains (losses)
  • $43Applicable income taxes
  • $3,277Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,277Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $269Sale, conversion, retirement of capital stock, net
  • $2,750Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.32%Yield on earning assets
  • 3.55%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 14.01%Return on equity (ROE)
  • 2.25%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 143.12%Credit loss provision to net charge-offs
  • 13.81%Efficiency ratio
  • 69,446Assets per employee
  • 8.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.92%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 1558.62%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 100.28%Net loans and leases to core deposits
  • 138.14%Equity capital to assets
  • 7.60%Core capital (leverage) ratio
  • 7.51%Tier 1 risk-based capital ratio
  • 7.68%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $312,709Average earning assets
  • $23,393Average equity
  • $300,107Average 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 Greatbank Chicago.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents