Midwest Community Bank in Freeport, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Midwest Community Bank in Freeport, Illinois (IL)
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Midwest Community Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 87Total employees (full-time equivalent)
  • $208,024Total assets
  • $26,828Cash and due from depository institutions
  • $17,374Interest-bearing balances
  • $1,549Securities
  • $1,250Federal funds sold & reverse repurchase agreements
  • $160,725Net loans & leases
  • $2,444Loan loss allowance
  • $0Trading account assets
  • $4,148Bank premises and fixed assets
  • $2,701Other real estate owned
  • $2,864Goodwill and other intangibles
  • $208,024Life insurance assets
  • $7,959All other assets
  • $186,355Total liabilities and capital
  • $185,184Total liabilities
  • $159,220Total deposits
  • $185,184Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,171Subordinated debt
  • $21,669All other liabilities
  • $21,607Total equity capital
  • $21,607Total bank equity capital
  • $0Perpetual preferred stock
  • $240Common stock
  • $7,110Surplus
  • $14,257Undivided profits
  • Memoranda
  • $62Noncurrent loans and leases
  • $5,742Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,110Income earned, not collected on loans
  • $0Earning assets
  • $476Long-term assets (5+ years)
  • $180,898Average Assets, year-to-date
  • $11,487Average Assets, quarterly
  • $206,786Volatile liabilities
  • $202,209Insider loans
  • $148,469FHLB advances
  • $215,723Loans and leases held for sale
  • $5,447Unused loan commitments
  • $5,447Tier 1 (core) risk-based capital
  • $21,321Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,769Restructured Loans and leases
  • $2,712Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,565Total interest income
  • $2,873Total interest expense
  • $6,692Net interest income
  • $1,452Provision for loan and lease losses
  • $5,984Total noninterest income
  • $0Fiduciary activities
  • $347Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,637Additional noninterest income
  • $11,042Total noninterest expense
  • $6,737Salaries and employee benefits
  • $1,104Premises and equipment expense
  • $3,201Additional noninterest expense
  • $182Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $182Income before extraordinary items
  • $0Extraordinary gains - net
  • $162Net income attributable to bank
  • $20Net charge-offs
  • $182Cash dividends
  • $2,014Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 1.58%Cost of funding earning assets
  • 3.69%Net interest margin
  • 3.30%Noninterest income to earning assets
  • 6.09%Noninterest expense to earning assets
  • 0.09%Net operating income to assets
  • 0.08%Return on assets (ROA)
  • 0.08%Pretax return on assets
  • 0.74%Return on equity (ROE)
  • 0.74%Retained earnings to average equity (YTD only)
  • 1.22%Net charge-offs to loans
  • 72.10%Credit loss provision to net charge-offs
  • 0.81%Efficiency ratio
  • 87,109Assets per employee
  • 2.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 78.59%Noncurrent assets plus other real estate owned to assets
  • 2.79%Noncurrent loans to loans
  • 1.91%Net loans and leases to deposits
  • 86.79%Net loans and leases to core deposits
  • 96.26%Equity capital to assets
  • 10.39%Core capital (leverage) ratio
  • 9.88%Tier 1 risk-based capital ratio
  • 14.36%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $206,786Average earning assets
  • $21,803Average equity
  • $181,393Average loans

List of branches

  • 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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