Heritage Bank in Frankfort, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 09, 2008

  • Heritage Bank in Frankfort, Illinois (IL)
  • Show street view No street view available for this location

Heritage Bank - Overview

  • General
  • FDIC Certificate #: 17917
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Old Second National Bank (#3603)
    Federal Reserve ID: 27838
    Date Established: November 18, 1958
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 16025
    FDIC's unique #: 11854
    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: November 18, 1958
    Last Structure Change Effective Date: Febuary 09, 2008
    Last Structure Change Process Date: March 03, 2008
    Last Data Update: March 03, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 20201 South Lagrange Road, Frankfort, IL 60423
    County: Will
    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: $343.5 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, 2007)

  • Dollar figures in thousands
  • 83Total employees (full-time equivalent)
  • $343,538Total assets
  • $4,217Cash and due from depository institutions
  • $59Interest-bearing balances
  • $44,008Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $283,278Net loans & leases
  • $3,005Loan loss allowance
  • $0Trading account assets
  • $8,587Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,448All other assets
  • $343,538Total liabilities and capital
  • $313,471Total liabilities
  • $293,229Total deposits
  • $237,989Interest-bearing deposits
  • $293,229Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,400Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,097Other borrowed funds
  • $0Subordinated debt
  • $2,745All other liabilities
  • $30,067Total equity capital
  • $30,067Total bank equity capital
  • $30,067Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $7,376Undivided profits
  • Memoranda
  • $22,191Noncurrent loans and leases
  • $69,144Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $1,642Average Assets, year-to-date
  • $327,345Average Assets, quarterly
  • $24,879Volatile liabilities
  • $336,867Insider loans
  • $342,742FHLB advances
  • $66,689Loans and leases held for sale
  • $1,575Unused loan commitments
  • $9,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $69,144Total unused commitments
  • $0Restructured Loans and leases
  • $3,005Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $22,765Total interest income
  • $9,432Total interest expense
  • $13,333Net interest income
  • $280Provision for loan and lease losses
  • $2,229Total noninterest income
  • $0Fiduciary activities
  • $1,406Service charges on deposit accounts
  • $0Trading account gains & fees
  • $823Additional noninterest income
  • $9,304Total noninterest expense
  • $5,908Salaries and employee benefits
  • $1,075Premises and equipment expense
  • $2,321Additional noninterest expense
  • $5,978Pre-tax net operating income
  • $0Securities gains (losses)
  • $17Applicable income taxes
  • $5,961Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,961Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $20Sale, conversion, retirement of capital stock, net
  • $2,975Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.16%Yield on earning assets
  • 2.97%Cost of funding earning assets
  • 4.19%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 1.77%Net operating income to assets
  • 1.77%Return on assets (ROA)
  • 1.77%Pretax return on assets
  • 21.87%Return on equity (ROE)
  • 10.95%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1400.00%Credit loss provision to net charge-offs
  • 312.90%Efficiency ratio
  • 59,787Assets per employee
  • 4.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.91%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 96.61%Net loans and leases to core deposits
  • 119.51%Equity capital to assets
  • 8.75%Core capital (leverage) ratio
  • 8.66%Tier 1 risk-based capital ratio
  • 10.14%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $336,867Average earning assets
  • $27,263Average equity
  • $317,946Average loans

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