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

This bank is inactive as of October 26, 1998

  • Heritage Bank in Blue Island, Illinois (IL)
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Heritage Bank - Overview

  • General
  • FDIC Certificate #: 9272
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Midwest Bank (#3709)
    Federal Reserve ID: 455936
    Date Established: September 12, 1912
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 19 (Interstate: No)
    OTS Docket #: 12020
    FDIC's unique #: 5931
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 26, 1998
    Last Structure Change Process Date: November 19, 1998
    Last Data Update: November 19, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 12015 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)
  • Financial Summary
  • Total assets: $1,318.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 433Total employees (full-time equivalent)
  • $1,311,518Total assets
  • $48,232Cash and due from depository institutions
  • $19Interest-bearing balances
  • $519,170Securities
  • $2,400Federal funds sold & reverse repurchase agreements
  • $701,920Net loans & leases
  • $9,621Loan loss allowance
  • $0Trading account assets
  • $18,128Bank premises and fixed assets
  • $722Other real estate owned
  • $12,142Goodwill and other intangibles
  • $0Life insurance assets
  • $8,804All other assets
  • $1,311,518Total liabilities and capital
  • $1,200,972Total liabilities
  • $1,140,201Total deposits
  • $953,619Interest-bearing deposits
  • $1,140,201Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $49,448Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $11,323All other liabilities
  • $110,546Total equity capital
  • $110,546Total bank equity capital
  • $110,546Perpetual preferred stock
  • $0Common stock
  • $6,640Surplus
  • $67,322Undivided profits
  • Memoranda
  • $36,584Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,119Earning assets
  • $0Long-term assets (5+ years)
  • $3,670Average Assets, year-to-date
  • $1,223,509Average Assets, quarterly
  • $737,434Volatile liabilities
  • $1,261,158Insider loans
  • $1,294,508FHLB advances
  • $168,377Loans and leases held for sale
  • $14,158Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $125,625Total unused commitments
  • $0Restructured Loans and leases
  • $727,620Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $91,051Total interest income
  • $42,696Total interest expense
  • $48,355Net interest income
  • $600Provision for loan and lease losses
  • $8,387Total noninterest income
  • $0Fiduciary activities
  • $5,210Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,177Additional noninterest income
  • $29,449Total noninterest expense
  • $16,081Salaries and employee benefits
  • $4,835Premises and equipment expense
  • $8,533Additional noninterest expense
  • $26,693Pre-tax net operating income
  • $102Securities gains (losses)
  • $8,187Applicable income taxes
  • $18,608Income before extraordinary items
  • $0Extraordinary gains - net
  • $18,608Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $386Sale, conversion, retirement of capital stock, net
  • $15,000Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.74%Yield on earning assets
  • 3.63%Cost of funding earning assets
  • 4.11%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.50%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 1.48%Return on assets (ROA)
  • 2.12%Pretax return on assets
  • 17.68%Return on equity (ROE)
  • 3.43%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 155.44%Credit loss provision to net charge-offs
  • 70.71%Efficiency ratio
  • 48,925Assets per employee
  • 3.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.61%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 859.79%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 61.56%Net loans and leases to core deposits
  • 68.73%Equity capital to assets
  • 8.43%Core capital (leverage) ratio
  • 7.26%Tier 1 risk-based capital ratio
  • 12.79%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,261,158Average earning assets
  • $105,219Average equity
  • $1,176,775Average loans

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