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- Banks in Illinois (IL)
- Midwest Savings Bank, FSB
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)
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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
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- Banks in Illinois (IL)
- Midwest Savings Bank, FSB
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