Irving Federal Bank for Savings, F.S.B. in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 18, 1994

  • Irving Federal Bank for Savings, F.S.B. in Chicago, Illinois (IL)
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Irving Federal Bank for Savings, F.S.B. - Overview

  • General
  • FDIC Certificate #: 33743
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Regency Savings Bank, A FSB (#27770)
    Federal Reserve ID: 866970
    Date Established: November 20, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10459
    FDIC's unique #: 47950
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: November 20, 1992
    Last Structure Change Effective Date: March 18, 1994
    Last Structure Change Process Date: March 30, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 3515 West Irving Park Road, Chicago, IL 60618
    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
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
    Corrections
    Office Sold
  • Financial Summary
  • Total assets: $179.4 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $108Total assets
  • $179,412Cash and due from depository institutions
  • $29,396Interest-bearing balances
  • $22,844Securities
  • $15,405Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $100,327Loan loss allowance
  • $7,308Trading account assets
  • $0Bank premises and fixed assets
  • $5,124Other real estate owned
  • $13,290Goodwill and other intangibles
  • $15,870Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $179,412Total liabilities
  • $183,045Total deposits
  • $161,776Interest-bearing deposits
  • $161,776Deposits held in domestic offices
  • 161776.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $20,000Subordinated debt
  • $0All other liabilities
  • $1,269Total equity capital
  • $1,269Total bank equity capital
  • $-3,633Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-3,633Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $34,320Income earned, not collected on loans
  • $257Earning assets
  • $138,576Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $198,272Average Assets, quarterly
  • $180,783Volatile liabilities
  • $26,132Insider loans
  • $142FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-11,741Total risk weighted assets
  • $122,448Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,908Total interest expense
  • $6,745Net interest income
  • $3,163Provision for loan and lease losses
  • $0Total noninterest income
  • $480Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $480Total noninterest expense
  • $6,777Salaries and employee benefits
  • $3,084Premises and equipment expense
  • $1,242Additional noninterest expense
  • $2,451Pre-tax net operating income
  • -$3,134Securities gains (losses)
  • -$89Applicable income taxes
  • -$36Income before extraordinary items
  • -$3,187Extraordinary gains - net
  • $0Net income attributable to bank
  • -$3,187Net charge-offs
  • $3,541Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.35%Cost of funding earning assets
  • 4.32%Net interest margin
  • 2.03%Noninterest income to earning assets
  • 0.31%Noninterest expense to earning assets
  • 4.34%Net operating income to assets
  • -1.56%Return on assets (ROA)
  • -1.61%Pretax return on assets
  • -1.63%Return on equity (ROE)
  • 144.30%Retained earnings to average equity (YTD only)
  • 144.30%Net charge-offs to loans
  • 2.72%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 186,028Assets per employee
  • 1.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.79%Loss allowance to noncurrent loans
  • 21.29%Noncurrent assets plus other real estate owned to assets
  • 26.54%Noncurrent loans to loans
  • 31.89%Net loans and leases to deposits
  • 62.02%Net loans and leases to core deposits
  • 64.46%Equity capital to assets
  • -2.02%Core capital (leverage) ratio
  • -6.86%Tier 1 risk-based capital ratio
  • -9.59%Total risk-based capital ratio
  • Memoranda
  • -$10Average assets
  • $198,272Average earning assets
  • -$2,209Average equity
  • $156,014Average loans

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