GreenChoice Bank, fsb in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • GreenChoice Bank, fsb in Chicago, Illinois (IL)
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GreenChoice Bank, fsb - Overview

  • General
  • FDIC Certificate #: 28462
    Status: Active
    Federal Reserve ID: 297378
    Date Established: January 01, 1910
    WWW: http://www.greenchoicebank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 1638
    FDIC's unique #: 41296
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Febuary 01, 1935
    Last Structure Change Effective Date: August 29, 2011
    Last Structure Change Process Date: November 04, 2011
    Last Data Update: November 04, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2545 West Diversey Avenue, Chicago, IL 60647
    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
  • Change in Location
    Corrections
  • Financial Summary
  • Total assets: $65.6 mil
    Equity capital: $5.2 mil
    Deposits held in domestic offices: $59.9 mil
    Return on assets (ROA): -4.24% (-$2.8 mil)
    Quarterly return on assets: -4.33% (-$2.9 mil)
    Return on Equity (ROE): -39.35% (-$2.0 mil)
    Quarterly return on equity: -50.07% (-$2.5 mil)
    Net income: -$2.6 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -4.24% (-$2,783.1 mil)
    Quarterly Pretax return on assets: -4.33% (-$2,842.2 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, 2011)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $65,639Total assets
  • $6,396Cash and due from depository institutions
  • $5,841Interest-bearing balances
  • $746Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $48,709Net loans & leases
  • $249Loan loss allowance
  • $0Trading account assets
  • $2,760Bank premises and fixed assets
  • $5,024Other real estate owned
  • $804Goodwill and other intangibles
  • $65,639Life insurance assets
  • $1,200All other assets
  • $60,406Total liabilities and capital
  • $59,937Total liabilities
  • $54,597Total deposits
  • $59,937Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $469Subordinated debt
  • $5,233All other liabilities
  • $5,233Total equity capital
  • $5,233Total bank equity capital
  • $0Perpetual preferred stock
  • $10Common stock
  • $8,790Surplus
  • $-3,567Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,819Income earned, not collected on loans
  • $0Earning assets
  • $204Long-term assets (5+ years)
  • $55,296Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $61,743Volatile liabilities
  • $64,604Insider loans
  • $51,095FHLB advances
  • $64,823Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,417Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,896Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,299Total interest income
  • $470Total interest expense
  • $1,829Net interest income
  • $428Provision for loan and lease losses
  • -$456Total noninterest income
  • $0Fiduciary activities
  • $19Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$475Additional noninterest income
  • $3,565Total noninterest expense
  • $2,054Salaries and employee benefits
  • $557Premises and equipment expense
  • $954Additional noninterest expense
  • -$2,620Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$2,620Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,620Net income attributable to bank
  • $0Net charge-offs
  • -$2,620Cash dividends
  • $246Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 3.57%Net interest margin
  • -0.89%Noninterest income to earning assets
  • 6.96%Noninterest expense to earning assets
  • -4.24%Net operating income to assets
  • -4.24%Return on assets (ROA)
  • -4.24%Pretax return on assets
  • -39.35%Return on equity (ROE)
  • -39.35%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 173.98%Credit loss provision to net charge-offs
  • -8.91%Efficiency ratio
  • 252,804Assets per employee
  • 1.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.51%Loss allowance to noncurrent loans
  • 5.17%Noncurrent assets plus other real estate owned to assets
  • 15.00%Noncurrent loans to loans
  • 9.84%Net loans and leases to deposits
  • 81.27%Net loans and leases to core deposits
  • 83.57%Equity capital to assets
  • 7.97%Core capital (leverage) ratio
  • 6.81%Tier 1 risk-based capital ratio
  • 8.64%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $61,743Average earning assets
  • $6,659Average equity
  • $51,239Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041296Greenchoice Bank, Fsb2545 West Diversey Avenue, Chicago, IL 60647January 01, 1910Full Service Brick and Mortar
    1464080South State Street Branch838 S State St, Lockport, IL 60441June 30, 2005Full Service Brick and Mortar

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