New City Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 09, 2012

New City Bank - Overview

  • General
  • FDIC Certificate #: 57597
    Status: Inactive
    Federal Reserve ID: 3201853
    Bank Holding Company (Regulatory Top Holder): New City Bancorp, Inc. (RSSDID: 3201844, Location: Chicago, IL)
    Date Established: October 16, 2003
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 366286
    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: October 16, 2003
    Last Structure Change Effective Date: March 09, 2012
    Last Structure Change Process Date: March 12, 2012
    Last Data Update: March 12, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 900 South Michigan Avenue, Chicago, IL 60605
    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
  • Financial Difficulty - Payoff
  • Financial Summary
  • Total assets: $71.2 mil
    Equity capital: -$1.8 mil
    Deposits held in domestic offices: $72.4 mil
    Return on assets (ROA): -11.15% (-$7.9 mil)
    Quarterly return on assets: -19.17% (-$13.6 mil)
    Return on Equity (ROE): -248.07% ($5.0 mil)
    Net income: -$9.2 mil
    Quarterly Net income: -$3.5 mil
    Pretax return on assets: -11.15% (-$7,939.0 mil)
    Quarterly Pretax return on assets: -19.18% (-$13,656.5 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
  • 9Total employees (full-time equivalent)
  • $71,202Total assets
  • $5,881Cash and due from depository institutions
  • $5,244Interest-bearing balances
  • $23,923Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $36,390Net loans & leases
  • $5,822Loan loss allowance
  • $0Trading account assets
  • $159Bank premises and fixed assets
  • $3,996Other real estate owned
  • $0Goodwill and other intangibles
  • $71,202Life insurance assets
  • $853All other assets
  • $73,003Total liabilities and capital
  • $72,399Total liabilities
  • $70,141Total deposits
  • $72,399Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $604Subordinated debt
  • $-1,801All other liabilities
  • $-1,801Total equity capital
  • $-1,801Total bank equity capital
  • $0Perpetual preferred stock
  • $1,328Common stock
  • $8,634Surplus
  • $-11,763Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,705Income earned, not collected on loans
  • $0Earning assets
  • $517Long-term assets (5+ years)
  • $65,557Average Assets, year-to-date
  • $17,531Average Assets, quarterly
  • $82,240Volatile liabilities
  • $73,514Insider loans
  • $45,563FHLB advances
  • $74,929Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $-1,782Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,088Restructured Loans and leases
  • $2,939Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,954Total interest income
  • $938Total interest expense
  • $3,016Net interest income
  • $8,277Provision for loan and lease losses
  • -$1,154Total noninterest income
  • $0Fiduciary activities
  • $79Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,233Additional noninterest income
  • $2,821Total noninterest expense
  • $869Salaries and employee benefits
  • $224Premises and equipment expense
  • $1,728Additional noninterest expense
  • -$9,236Pre-tax net operating income
  • $68Securities gains (losses)
  • $0Applicable income taxes
  • -$9,168Income before extraordinary items
  • $0Extraordinary gains - net
  • -$9,168Net income attributable to bank
  • $0Net charge-offs
  • -$9,168Cash dividends
  • $4,717Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.39%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 4.11%Net interest margin
  • -1.57%Noninterest income to earning assets
  • 3.85%Noninterest expense to earning assets
  • -11.23%Net operating income to assets
  • -11.15%Return on assets (ROA)
  • -11.15%Pretax return on assets
  • -248.07%Return on equity (ROE)
  • -248.07%Retained earnings to average equity (YTD only)
  • 9.25%Net charge-offs to loans
  • 175.47%Credit loss provision to net charge-offs
  • -0.20%Efficiency ratio
  • 151,504Assets per employee
  • 7.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 13.79%Loss allowance to noncurrent loans
  • 49.74%Noncurrent assets plus other real estate owned to assets
  • 22.05%Noncurrent loans to loans
  • 27.73%Net loans and leases to deposits
  • 50.26%Net loans and leases to core deposits
  • 84.34%Equity capital to assets
  • -2.53%Core capital (leverage) ratio
  • -2.38%Tier 1 risk-based capital ratio
  • -3.91%Total risk-based capital ratio
  • Memoranda
  • -$4Average assets
  • $82,240Average earning assets
  • $3,696Average equity
  • $73,354Average loans

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