Lake Shore National Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 09, 1994

  • Lake Shore National Bank in Chicago, Illinois (IL)
  • Show street view No street view available for this location

Lake Shore National Bank - Overview

  • General
  • FDIC Certificate #: 907
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank One, National Association (#3618)
    Federal Reserve ID: 709237
    Date Established: May 03, 1920
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 11495
    FDIC's unique #: 584
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 09, 1994
    Last Structure Change Process Date: July 14, 1994
    Last Data Update: July 14, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 605 North Michigan Avenue, Chicago, IL 60611
    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: $995.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $349Total assets
  • $1,071,130Cash and due from depository institutions
  • $53,448Interest-bearing balances
  • $0Securities
  • $208,708Federal funds sold & reverse repurchase agreements
  • $49,000Net loans & leases
  • $722,044Loan loss allowance
  • $11,097Trading account assets
  • $0Bank premises and fixed assets
  • $12,143Other real estate owned
  • $0Goodwill and other intangibles
  • $25,585Life insurance assets
  • $202All other assets
  • $0Total liabilities and capital
  • $1,071,130Total liabilities
  • $966,113Total deposits
  • $891,642Interest-bearing deposits
  • $706,649Deposits held in domestic offices
  • 891642.00%% insured (estimated)
  • $70Federal funds purchased & repurchase agreements
  • $37,256Trading liabilities
  • $0Other borrowed funds
  • $10,532Subordinated debt
  • $0All other liabilities
  • $26,683Total equity capital
  • $26,683Total bank equity capital
  • $105,017Perpetual preferred stock
  • $0Common stock
  • $13,339Surplus
  • $13,339Undivided profits
  • Memoranda
  • $78,339Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,284Income earned, not collected on loans
  • $2,584Earning assets
  • $979,752Long-term assets (5+ years)
  • $92,523Average Assets, year-to-date
  • $1,015,996Average Assets, quarterly
  • $1,048,390Volatile liabilities
  • $263,513Insider loans
  • $21,058FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $290,329Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $104,815Total risk weighted assets
  • $791,724Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $65,813Total interest expense
  • $23,468Net interest income
  • $42,345Provision for loan and lease losses
  • $3,000Total noninterest income
  • $9,930Fiduciary activities
  • $3,735Service charges on deposit accounts
  • $3,428Trading account gains & fees
  • $0Additional noninterest income
  • $2,767Total noninterest expense
  • $32,126Salaries and employee benefits
  • $18,863Premises and equipment expense
  • $3,507Additional noninterest expense
  • $9,756Pre-tax net operating income
  • $17,149Securities gains (losses)
  • $628Applicable income taxes
  • $5,556Income before extraordinary items
  • $12,221Extraordinary gains - net
  • $44Net income attributable to bank
  • $12,265Net charge-offs
  • $2,477Cash dividends
  • $5,399Sale, 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
  • 7.10%Cost of funding earning assets
  • 2.53%Net interest margin
  • 4.57%Noninterest income to earning assets
  • 1.07%Noninterest expense to earning assets
  • 3.47%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.21%Pretax return on assets
  • 1.75%Return on equity (ROE)
  • 12.04%Retained earnings to average equity (YTD only)
  • 6.74%Net charge-offs to loans
  • 0.34%Credit loss provision to net charge-offs
  • 121.11%Efficiency ratio
  • 60,876Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.02%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 176.59%Noncurrent assets plus other real estate owned to assets
  • 0.59%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 80.98%Net loans and leases to core deposits
  • 106.87%Equity capital to assets
  • 9.80%Core capital (leverage) ratio
  • 10.09%Tier 1 risk-based capital ratio
  • 13.24%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,015,996Average earning assets
  • $101,884Average equity
  • $926,340Average loans

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