Michigan Avenue National Bank of Chicago in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 19, 1995

  • Michigan Avenue National Bank of Chicago in Chicago, Illinois (IL)
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Michigan Avenue National Bank of Chicago - Overview

  • General
  • FDIC Certificate #: 16411
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Firstar Bank Illinois (#14280)
    Federal Reserve ID: 84233
    Date Established: July 01, 1946
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    OTS Docket #: 11021
    FDIC's unique #: 10587
    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: July 01, 1946
    Last Structure Change Effective Date: June 19, 1995
    Last Structure Change Process Date: June 29, 1995
    Last Data Update: June 29, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 North Michigan Avenue, Chicago, IL 60602
    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: $213.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $69Total assets
  • $227,277Cash and due from depository institutions
  • $16,598Interest-bearing balances
  • $34Securities
  • $49,010Federal funds sold & reverse repurchase agreements
  • $300Net loans & leases
  • $156,454Loan loss allowance
  • $2,319Trading account assets
  • $0Bank premises and fixed assets
  • $733Other real estate owned
  • $0Goodwill and other intangibles
  • $4,182Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $227,277Total liabilities
  • $210,447Total deposits
  • $201,372Interest-bearing deposits
  • $139,490Deposits held in domestic offices
  • 201372.00%% insured (estimated)
  • $67Federal funds purchased & repurchase agreements
  • $2,516Trading liabilities
  • $0Other borrowed funds
  • $5,779Subordinated debt
  • $0All other liabilities
  • $780Total equity capital
  • $780Total bank equity capital
  • $16,830Perpetual preferred stock
  • $0Common stock
  • $3,405Surplus
  • $8,224Undivided profits
  • Memoranda
  • $5,201Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,598Income earned, not collected on loans
  • $1,034Earning assets
  • $205,798Long-term assets (5+ years)
  • $15,972Average Assets, year-to-date
  • $228,856Average Assets, quarterly
  • $225,741Volatile liabilities
  • $29,404Insider loans
  • $6,163FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $79,832Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $16,837Total risk weighted assets
  • $185,431Total unused commitments
  • $0Restructured Loans and leases
  • $34,005Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $16,556Total interest expense
  • $4,944Net interest income
  • $11,612Provision for loan and lease losses
  • $1,981Total noninterest income
  • $3,931Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,306Trading account gains & fees
  • $0Additional noninterest income
  • $2,625Total noninterest expense
  • $8,671Salaries and employee benefits
  • $4,247Premises and equipment expense
  • $1,335Additional noninterest expense
  • $3,089Pre-tax net operating income
  • $4,891Securities gains (losses)
  • -$74Applicable income taxes
  • $1,553Income before extraordinary items
  • $3,264Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,264Net charge-offs
  • $1,610Cash dividends
  • $3,770Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.95%Cost of funding earning assets
  • 2.37%Net interest margin
  • 5.57%Noninterest income to earning assets
  • 1.89%Noninterest expense to earning assets
  • 4.16%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 2.10%Return on equity (ROE)
  • 18.71%Retained earnings to average equity (YTD only)
  • -2.90%Net charge-offs to loans
  • 1.00%Credit loss provision to net charge-offs
  • 123.04%Efficiency ratio
  • 55,787Assets per employee
  • 3.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 115.50%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 50.43%Noncurrent assets plus other real estate owned to assets
  • 2.02%Noncurrent loans to loans
  • 2.90%Net loans and leases to deposits
  • 77.69%Net loans and leases to core deposits
  • 88.01%Equity capital to assets
  • 7.41%Core capital (leverage) ratio
  • 7.54%Tier 1 risk-based capital ratio
  • 9.08%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $228,856Average earning assets
  • $17,441Average equity
  • $208,300Average loans

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