Midland Federal Savings and Loan Association in Bridgeview, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Midland Federal Savings and Loan Association in Bridgeview, Illinois (IL)
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Midland Federal Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 29980
    Status: Active
    Federal Reserve ID: 820477
    Date Established: January 01, 1914
    WWW: http://www.midlandfederal.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 4475
    FDIC's unique #: 42814
    Numeric code: 37
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: July 25, 1950
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 8929 South Harlem Avenue, Bridgeview, IL 60455
    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
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $121.6 mil
    Equity capital: $11.3 mil
    Deposits held in domestic offices: $109.8 mil
    Return on assets (ROA): -0.07% (-$0.1 mil)
    Quarterly return on assets: -0.08% (-$0.1 mil)
    Return on Equity (ROE): -0.76% (-$0.1 mil)
    Quarterly return on equity: -0.85% (-$0.1 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.12% (-$146.0 mil)
    Quarterly Pretax return on assets: -0.12% (-$146.0 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, 2011)

  • Dollar figures in thousands
  • 43Total employees (full-time equivalent)
  • $121,633Total assets
  • $15,634Cash and due from depository institutions
  • $13,977Interest-bearing balances
  • $22,952Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $76,919Net loans & leases
  • $274Loan loss allowance
  • $0Trading account assets
  • $3,348Bank premises and fixed assets
  • $555Other real estate owned
  • $0Goodwill and other intangibles
  • $121,633Life insurance assets
  • $2,225All other assets
  • $110,307Total liabilities and capital
  • $109,832Total liabilities
  • $100,667Total deposits
  • $109,832Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $475Subordinated debt
  • $11,326All other liabilities
  • $11,326Total equity capital
  • $11,326Total bank equity capital
  • $0Perpetual preferred stock
  • $4Common stock
  • $3,281Surplus
  • $8,041Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,284Income earned, not collected on loans
  • $0Earning assets
  • $317Long-term assets (5+ years)
  • $113,848Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $120,658Volatile liabilities
  • $122,082Insider loans
  • $51,454FHLB advances
  • $121,356Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,049Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,348Restructured Loans and leases
  • $1,427Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,432Total interest income
  • $561Total interest expense
  • $3,871Net interest income
  • $304Provision for loan and lease losses
  • $384Total noninterest income
  • $0Fiduciary activities
  • $152Service charges on deposit accounts
  • $0Trading account gains & fees
  • $232Additional noninterest income
  • $4,095Total noninterest expense
  • $2,242Salaries and employee benefits
  • $1,079Premises and equipment expense
  • $774Additional noninterest expense
  • -$144Pre-tax net operating income
  • $0Securities gains (losses)
  • -$58Applicable income taxes
  • -$86Income before extraordinary items
  • $0Extraordinary gains - net
  • -$86Net income attributable to bank
  • $0Net charge-offs
  • -$86Cash dividends
  • $316Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.92%Yield on earning assets
  • 0.50%Cost of funding earning assets
  • 3.42%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 3.62%Noninterest expense to earning assets
  • -0.07%Net operating income to assets
  • -0.07%Return on assets (ROA)
  • -0.12%Pretax return on assets
  • -0.76%Return on equity (ROE)
  • -0.76%Retained earnings to average equity (YTD only)
  • 0.40%Net charge-offs to loans
  • 96.20%Credit loss provision to net charge-offs
  • 0.51%Efficiency ratio
  • 96,240Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.35%Loss allowance to noncurrent loans
  • 12.00%Noncurrent assets plus other real estate owned to assets
  • 2.33%Noncurrent loans to loans
  • 2.96%Net loans and leases to deposits
  • 70.03%Net loans and leases to core deposits
  • 70.73%Equity capital to assets
  • 9.31%Core capital (leverage) ratio
  • 9.10%Tier 1 risk-based capital ratio
  • 21.47%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $120,658Average earning assets
  • $11,354Average equity
  • $113,053Average loans

List of branches

  • 4 Illinois Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    042814Midland Federal Savings And Loan Ass8929 South Harlem Avenue, Bridgeview, IL 60455January 01, 1914Full Service Brick and Mortar
    12780664040 S Archer Ave Branch4040 South Archer Avenue, Chicago, IL 60632January 01, 1914Full Service Brick and Mortar
    32780672657 West 69th Street Branch2657 West 69th Street, Chicago, IL 60629January 01, 1914Full Service Brick and Mortar
    4518690Homer Glen Branch15732 S Bell Rd, Homer Glen, IL 60491April 12, 1999Full Service Brick and Mortar

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