Midwest Community Bank in Freeport, Illinois (IL)

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Midwest Community Bank routing number info

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Midwest Community Bank
GeneralFDIC Certificate #: 19628
Status: Active
Federal Reserve ID: 607333
Bank Holding Company (Regulatory Top Holder): Freeport Bancshares, Inc. (RSSDID: 1205585, Location: Freeport, IL)
Date Established: August 22, 1966
WWW: http://www.mwbonline.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 15482
FDIC's unique #: 13427
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: August 22, 1966
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 510 Park Crest Drive, Freeport, IL 61032
County: Stephenson
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Princeton
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
Core Based Statistical Area (CBSA): Freeport, IL (#23300)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $208.0 mil
Equity capital: $21.6 mil
Deposits held in domestic offices: $185.2 mil
Return on assets (ROA): 0.08% ($0.2 mil)
Quarterly return on assets: -1.09% (-$2.3 mil)
Return on Equity (ROE): 0.74% ($0.2 mil)
Quarterly return on equity: -10.05% (-$2.2 mil)
Net income: $0.2 mil
Quarterly Net income: -$0.6 mil
Pretax return on assets: 0.08% ($166.4 mil)
Quarterly Pretax return on assets: -1.09% (-$2,267.5 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)
Total employees (full-time equivalent)87
Total assets$208,024
Cash and due from depository institutions$26,828
Interest-bearing balances$17,374
Federal funds sold & reverse repurchase agreements$1,250
Net loans & leases$160,725
Loan loss allowance $2,444
Trading account assets$0
Bank premises and fixed assets$4,148
Other real estate owned$2,701
Goodwill and other intangibles$2,864
All other assets$7,959
Life insurance assets$208,024
Total liabilities and capital$186,355
Total liabilities$185,184
Total deposits$159,220
Interest-bearing deposits$185,184
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,171
All other liabilities $21,669
Total equity capital$21,607
Total bank equity capital$21,607
Perpetual preferred stock$0
Common stock$240
Undivided profits $14,257
Noncurrent loans and leases $62
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,742
Income earned, not collected on loans $3,110
Earning assets $0
Long-term assets (5+ years) $476
Average Assets, year-to-date $180,898
Average Assets, quarterly $11,487
Volatile liabilities $206,786
Insider loans $202,209
FHLB advances $148,469
Loans and leases held for sale $215,723
Unused loan commitments $5,447
Tier 1 (core) risk-based capital $5,447
Tier 2 risk-based capital $21,321
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,769
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,565
Total interest expense $2,873
Net interest income $6,692
Provision for loan and lease losses $1,452
Total noninterest income $5,984
Fiduciary activities $0
Service charges on deposit accounts $347
Trading account gains & fees $0
Additional noninterest income $5,637
Total noninterest expense $11,042
Salaries and employee benefits $6,737
Premises and equipment expense $1,104
Additional noninterest expense $3,201
Pre-tax net operating income $182
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $182
Extraordinary gains - net $0
Net income attributable to bank $162
Net charge-offs $20
Cash dividends $182
Sale, conversion, retirement of capital stock, net $2,014
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.27%
Cost of funding earning assets 1.58%
Net interest margin 3.69%
Noninterest income to earning assets 3.30%
Noninterest expense to earning assets 6.09%
Net operating income to assets 0.09%
Return on assets (ROA) 0.08%
Pretax return on assets 0.08%
Return on equity (ROE) 0.74%
Retained earnings to average equity (YTD only) 0.74%
Net charge-offs to loans 1.22%
Credit loss provision to net charge-offs 72.10%
Efficiency ratio0.81%
Assets per employee$87,109
Cash dividends to net income (YTD only)2.39%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.50%
Noncurrent assets plus other real estate owned to assets 78.59%
Noncurrent loans to loans 2.79%
Net loans and leases to deposits1.91%
Net loans and leases to core deposits 86.79%
Equity capital to assets 96.26%
Core capital (leverage) ratio 10.39%
Tier 1 risk-based capital ratio 9.88%
Total risk-based capital ratio 14.36%
Average assets$16
Average earning assets$206,786
Average equity $21,803
Average loans $181,393
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3 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
013427Midwest Community Bank510 Park Crest Drive, Freeport, IL 61032August 22, 1966Full Service Brick and Mortar
1249014Freeport Facility1725 South West Avenue, Freeport, IL 61032May 25, 1983Full Service Brick and Mortar
4364976Rockford Office Branch3963 N Perryville Rd, Rockford, IL 61114December 03, 2001Full Service Brick and Mortar
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