Mount Prospect National Bank in Mount Prospect, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 2007

  • Mount Prospect National Bank in Mount Prospect, Illinois (IL)
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Mount Prospect National Bank - Overview

  • General
  • FDIC Certificate #: 34547
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Midwest Bank and Trust Company (#18117)
    Federal Reserve ID: 2578727
    Date Established: September 15, 1997
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 59054
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: September 15, 1997
    Last Structure Change Effective Date: October 01, 2007
    Last Structure Change Process Date: October 17, 2007
    Last Data Update: October 17, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 50 North Main Street, Mount Prospect, IL 60056
    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: $544.0 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, 2006)

  • Dollar figures in thousands
  • 82Total employees (full-time equivalent)
  • $534,131Total assets
  • $7,707Cash and due from depository institutions
  • $100Interest-bearing balances
  • $72,341Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $419,166Net loans & leases
  • $5,781Loan loss allowance
  • $0Trading account assets
  • $14,873Bank premises and fixed assets
  • $0Other real estate owned
  • $1,398Goodwill and other intangibles
  • $12,509Life insurance assets
  • $18,646All other assets
  • $534,131Total liabilities and capital
  • $485,838Total liabilities
  • $462,155Total deposits
  • $446,120Interest-bearing deposits
  • $462,155Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $14,290Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,629Other borrowed funds
  • $0Subordinated debt
  • $3,764All other liabilities
  • $48,293Total equity capital
  • $48,293Total bank equity capital
  • $48,293Perpetual preferred stock
  • $0Common stock
  • $333Surplus
  • $16,294Undivided profits
  • Memoranda
  • $31,666Noncurrent loans and leases
  • $119,124Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $498Earning assets
  • $0Long-term assets (5+ years)
  • $2,541Average Assets, year-to-date
  • $491,607Average Assets, quarterly
  • $39,943Volatile liabilities
  • $515,870Insider loans
  • $529,526FHLB advances
  • $219,445Loans and leases held for sale
  • $28,433Unused loan commitments
  • $3,500Tier 1 (core) risk-based capital
  • $5,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $119,124Total unused commitments
  • $486Restructured Loans and leases
  • $5,243Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $33,121Total interest income
  • $14,561Total interest expense
  • $18,560Net interest income
  • $0Provision for loan and lease losses
  • $2,179Total noninterest income
  • $0Fiduciary activities
  • $984Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,195Additional noninterest income
  • $11,940Total noninterest expense
  • $7,768Salaries and employee benefits
  • $1,541Premises and equipment expense
  • $2,631Additional noninterest expense
  • $8,799Pre-tax net operating income
  • $5Securities gains (losses)
  • $2,429Applicable income taxes
  • $6,375Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,375Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$266Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.99%Yield on earning assets
  • 3.07%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 1.24%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 1.71%Pretax return on assets
  • 14.33%Return on equity (ROE)
  • 14.33%Retained earnings to average equity (YTD only)
  • -0.07%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 57,573Assets per employee
  • 6.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 1160.84%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 90.70%Net loans and leases to core deposits
  • 161.76%Equity capital to assets
  • 9.04%Core capital (leverage) ratio
  • 9.06%Tier 1 risk-based capital ratio
  • 10.08%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $515,870Average earning assets
  • $44,495Average equity
  • $473,628Average loans

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