Mutual Bank in Harvey, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 2009

  • Mutual Bank in Harvey, Illinois (IL)
  • Show street view No street view available for this location

Mutual Bank - Overview

  • General
  • FDIC Certificate #: 18659
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: United Central Bank (#25330)
    Federal Reserve ID: 754433
    Date Established: December 15, 1962
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Interstate: No)
    FDIC's unique #: 12538
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 15, 1962
    Last Structure Change Effective Date: July 31, 2009
    Last Structure Change Process Date: August 04, 2009
    Last Data Update: August 04, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 16540 South Halsted Street, Harvey, IL 60426
    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)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $1,595.7 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, 2008)

  • Dollar figures in thousands
  • 185Total employees (full-time equivalent)
  • $1,693,167Total assets
  • $64,356Cash and due from depository institutions
  • $61,424Interest-bearing balances
  • $167,615Securities
  • $3,000Federal funds sold & reverse repurchase agreements
  • $1,369,943Net loans & leases
  • $34,692Loan loss allowance
  • $0Trading account assets
  • $21,915Bank premises and fixed assets
  • $47,664Other real estate owned
  • $5,653Goodwill and other intangibles
  • $0Life insurance assets
  • $13,021All other assets
  • $1,693,167Total liabilities and capital
  • $1,615,916Total liabilities
  • $1,566,311Total deposits
  • $1,499,564Interest-bearing deposits
  • $1,566,311Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,590Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,300Other borrowed funds
  • $28,000Subordinated debt
  • $4,715All other liabilities
  • $77,251Total equity capital
  • $77,251Total bank equity capital
  • $77,251Perpetual preferred stock
  • $0Common stock
  • $250Surplus
  • $119,175Undivided profits
  • Memoranda
  • $-42,174Noncurrent loans and leases
  • $76,044Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $217,312Earning assets
  • $0Long-term assets (5+ years)
  • $7,536Average Assets, year-to-date
  • $1,601,982Average Assets, quarterly
  • $174,885Volatile liabilities
  • $1,625,100Insider loans
  • $1,685,726FHLB advances
  • $347,380Loans and leases held for sale
  • $7,506Unused loan commitments
  • $15,300Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $76,044Total unused commitments
  • $17,267Restructured Loans and leases
  • $47,136Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $109,391Total interest income
  • $67,816Total interest expense
  • $41,575Net interest income
  • $84,246Provision for loan and lease losses
  • $1,842Total noninterest income
  • $0Fiduciary activities
  • $1,148Service charges on deposit accounts
  • $0Trading account gains & fees
  • $694Additional noninterest income
  • $26,534Total noninterest expense
  • $10,113Salaries and employee benefits
  • $3,441Premises and equipment expense
  • $12,980Additional noninterest expense
  • -$67,363Pre-tax net operating income
  • $1,742Securities gains (losses)
  • $0Applicable income taxes
  • -$65,621Income before extraordinary items
  • $0Extraordinary gains - net
  • -$65,621Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $61,054Sale, conversion, retirement of capital stock, net
  • $1,062Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.12%Yield on earning assets
  • 4.41%Cost of funding earning assets
  • 2.70%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 1.73%Noninterest expense to earning assets
  • -4.15%Net operating income to assets
  • -4.04%Return on assets (ROA)
  • -4.04%Pretax return on assets
  • -55.91%Return on equity (ROE)
  • -56.82%Retained earnings to average equity (YTD only)
  • 4.51%Net charge-offs to loans
  • 137.99%Credit loss provision to net charge-offs
  • 0.28%Efficiency ratio
  • 60,370Assets per employee
  • 9.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1.62%Loss allowance to loans
  • 2.47%Loss allowance to noncurrent loans
  • 15.96%Noncurrent assets plus other real estate owned to assets
  • 15.65%Noncurrent loans to loans
  • 15.47%Net loans and leases to deposits
  • 87.46%Net loans and leases to core deposits
  • 112.24%Equity capital to assets
  • 4.56%Core capital (leverage) ratio
  • 4.16%Tier 1 risk-based capital ratio
  • 4.64%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $1,625,100Average earning assets
  • $117,360Average equity
  • $1,537,426Average loans

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

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Mutual Bank.
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