Midwest Bank and Trust Company in Elmwood Park, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 14, 2010

Midwest Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 18117
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Firstmerit Bank, National Association (#13675)
    Federal Reserve ID: 968436
    Date Established: December 10, 1959
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 26 (Interstate: No)
    OTS Docket #: 13705
    FDIC's unique #: 12039
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 10, 1959
    Last Structure Change Effective Date: May 14, 2010
    Last Structure Change Process Date: May 17, 2010
    Last Data Update: May 17, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1606 North Harlem Avenue, Elmwood Park, IL 60707
    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: $3,172.9 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, 2009)

  • Dollar figures in thousands
  • 413Total employees (full-time equivalent)
  • $3,426,696Total assets
  • $441,973Cash and due from depository institutions
  • $414,466Interest-bearing balances
  • $581,474Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,191,519Net loans & leases
  • $128,800Loan loss allowance
  • $0Trading account assets
  • $39,733Bank premises and fixed assets
  • $26,917Other real estate owned
  • $77,253Goodwill and other intangibles
  • $0Life insurance assets
  • $67,827All other assets
  • $3,426,696Total liabilities and capital
  • $3,239,311Total liabilities
  • $2,573,531Total deposits
  • $2,220,316Interest-bearing deposits
  • $2,573,531Deposits held in domestic offices
  • 85.51%% insured (estimated)
  • $297,650Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $340,000Other borrowed funds
  • $0Subordinated debt
  • $28,130All other liabilities
  • $187,385Total equity capital
  • $187,385Total bank equity capital
  • $187,307Perpetual preferred stock
  • $0Common stock
  • $5,383Surplus
  • $476,971Undivided profits
  • Memoranda
  • $-295,047Noncurrent loans and leases
  • $365,608Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $78Income earned, not collected on loans
  • $273,823Earning assets
  • $0Long-term assets (5+ years)
  • $8,584Average Assets, year-to-date
  • $3,187,459Average Assets, quarterly
  • $411,542Volatile liabilities
  • $3,553,494Insider loans
  • $3,480,550FHLB advances
  • $710,905Loans and leases held for sale
  • $680Unused loan commitments
  • $340,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $365,608Total unused commitments
  • $11,636Restructured Loans and leases
  • $30,151Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $150,504Total interest income
  • $74,482Total interest expense
  • $76,022Net interest income
  • $167,700Provision for loan and lease losses
  • $7,466Total noninterest income
  • $1,221Fiduciary activities
  • $6,701Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$456Additional noninterest income
  • $101,768Total noninterest expense
  • $38,926Salaries and employee benefits
  • $13,025Premises and equipment expense
  • $49,817Additional noninterest expense
  • -$185,980Pre-tax net operating income
  • $4,057Securities gains (losses)
  • $49,107Applicable income taxes
  • -$231,030Income before extraordinary items
  • $0Extraordinary gains - net
  • -$231,030Net income attributable to bank
  • $0Net charge-offs
  • -$231,030Cash dividends
  • $83,332Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 2.31%Cost of funding earning assets
  • 2.36%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • -6.62%Net operating income to assets
  • -6.50%Return on assets (ROA)
  • -5.12%Pretax return on assets
  • -77.64%Return on equity (ROE)
  • -77.64%Retained earnings to average equity (YTD only)
  • 3.35%Net charge-offs to loans
  • 201.24%Credit loss provision to net charge-offs
  • -0.22%Efficiency ratio
  • 102,381Assets per employee
  • 8.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.55%Loss allowance to noncurrent loans
  • 47.04%Noncurrent assets plus other real estate owned to assets
  • 8.78%Noncurrent loans to loans
  • 11.80%Net loans and leases to deposits
  • 85.16%Net loans and leases to core deposits
  • 101.45%Equity capital to assets
  • 5.47%Core capital (leverage) ratio
  • 3.41%Tier 1 risk-based capital ratio
  • 5.10%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $3,553,494Average earning assets
  • $297,551Average equity
  • $3,226,392Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $146,066Managed Assets
  • 1Number of Accounts
  • $139,102Personal trust and agency accounts
  • $11,460Employee benefit-defined contribution accounts
  • $29,938Employee benefit-defined benefit accounts
  • $12,009Other retirement accounts
  • $22,112Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $63,583Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 262Number of Accounts
  • $0Personal trust and agency accounts
  • $22,112Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,964Other retirement accounts
  • $56Corporate trust and agency accounts
  • $3,140Other fiduciary accounts
  • $3,768Fiduciary accounts held in foreign offices

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