Midwest Savings Bank, FSB in Bolingbrook, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 09, 2000

  • Midwest Savings Bank, FSB in Bolingbrook, Illinois (IL)
  • Show street view No street view available for this location

Midwest Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 28980
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Hemlock Federal Bank for Savings (#29386)
    Federal Reserve ID: 749279
    Date Established: January 01, 1903
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2719
    FDIC's unique #: 41814
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: April 09, 1938
    Last Structure Change Effective Date: June 09, 2000
    Last Structure Change Process Date: June 16, 2000
    Last Data Update: June 16, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 324 Bolingbrook Commons, Bolingbrook, IL 60440
    County: Will
    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: $47.2 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $48,632Total assets
  • $3,252Cash and due from depository institutions
  • $1,315Interest-bearing balances
  • $3,261Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $40,393Net loans & leases
  • $190Loan loss allowance
  • $0Trading account assets
  • $464Bank premises and fixed assets
  • $0Other real estate owned
  • $33Goodwill and other intangibles
  • $0Life insurance assets
  • $1,229All other assets
  • $48,632Total liabilities and capital
  • $45,420Total liabilities
  • $29,137Total deposits
  • $27,178Interest-bearing deposits
  • $29,137Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $16,031Other borrowed funds
  • $0Subordinated debt
  • $252All other liabilities
  • $3,212Total equity capital
  • $3,212Total bank equity capital
  • $3,212Perpetual preferred stock
  • $0Common stock
  • $193Surplus
  • $1,381Undivided profits
  • Memoranda
  • $1,638Noncurrent loans and leases
  • $391Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $419Earning assets
  • $0Long-term assets (5+ years)
  • $229Average Assets, year-to-date
  • $44,969Average Assets, quarterly
  • $0Volatile liabilities
  • $47,201Insider loans
  • $48,163FHLB advances
  • $19,854Loans and leases held for sale
  • $262Unused loan commitments
  • $15,950Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $391Total unused commitments
  • $0Restructured Loans and leases
  • $190Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $3,112Total interest income
  • $1,737Total interest expense
  • $1,375Net interest income
  • $0Provision for loan and lease losses
  • $323Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $323Additional noninterest income
  • $1,862Total noninterest expense
  • $821Salaries and employee benefits
  • $745Premises and equipment expense
  • $296Additional noninterest expense
  • -$164Pre-tax net operating income
  • $2Securities gains (losses)
  • $0Applicable income taxes
  • -$162Income before extraordinary items
  • $0Extraordinary gains - net
  • -$162Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.08%Yield on earning assets
  • 3.95%Cost of funding earning assets
  • 3.13%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 4.24%Noninterest expense to earning assets
  • -0.35%Net operating income to assets
  • -0.34%Return on assets (ROA)
  • -0.34%Pretax return on assets
  • -4.91%Return on equity (ROE)
  • -4.91%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 109,658Assets per employee
  • 2.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.47%Loss allowance to noncurrent loans
  • 45.35%Noncurrent assets plus other real estate owned to assets
  • 0.86%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 138.63%Net loans and leases to core deposits
  • 159.57%Equity capital to assets
  • 6.60%Core capital (leverage) ratio
  • 6.60%Tier 1 risk-based capital ratio
  • 13.55%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $47,201Average earning assets
  • $3,297Average equity
  • $43,960Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Midwest Savings Bank, FSB.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents