Norstates Bank in Waukegan, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Norstates Bank - Overview

  • General
  • FDIC Certificate #: 18626
    Status: Active
    Federal Reserve ID: 545042
    Bank Holding Company (Regulatory Top Holder): Northern States Financial Corporation (RSSDID: 1210589, Location: Waukegan, IL)
    Date Established: November 05, 1962
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 14073
    FDIC's unique #: 12511
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 05, 1962
    Last Structure Change Effective Date: September 16, 2008
    Last Structure Change Process Date: September 29, 2008
    Last Data Update: September 29, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1601 North Lewis Avenue, Waukegan, IL 60085
    County: Lake
    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: Lake County-Kenosha County, IL-WI (#29404)
  • Financial Summary
  • Total assets: $463.3 mil
    Equity capital: $41.0 mil
    Deposits held in domestic offices: $399.4 mil
    Return on assets (ROA): -1.21% (-$5.6 mil)
    Quarterly return on assets: -1.21% (-$5.6 mil)
    Return on Equity (ROE): -14.20% (-$5.8 mil)
    Quarterly return on equity: -13.92% (-$5.7 mil)
    Net income: -$6.1 mil
    Quarterly Net income: -$1.5 mil
    Pretax return on assets: -1.21% (-$5,606.0 mil)
    Quarterly Pretax return on assets: -1.21% (-$5,606.0 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, 2011)

  • Dollar figures in thousands
  • 125Total employees (full-time equivalent)
  • $463,309Total assets
  • $37,833Cash and due from depository institutions
  • $32,520Interest-bearing balances
  • $87,140Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $303,729Net loans & leases
  • $18,984Loan loss allowance
  • $0Trading account assets
  • $9,069Bank premises and fixed assets
  • $17,441Other real estate owned
  • $0Goodwill and other intangibles
  • $463,309Life insurance assets
  • $8,097All other assets
  • $422,320Total liabilities and capital
  • $399,438Total liabilities
  • $329,676Total deposits
  • $399,438Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 19455.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,427Subordinated debt
  • $40,989All other liabilities
  • $40,989Total equity capital
  • $40,989Total bank equity capital
  • $0Perpetual preferred stock
  • $2,575Common stock
  • $66,230Surplus
  • $-27,816Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $19,950Income earned, not collected on loans
  • $0Earning assets
  • $1,401Long-term assets (5+ years)
  • $423,389Average Assets, year-to-date
  • $87,406Average Assets, quarterly
  • $506,727Volatile liabilities
  • $483,197Insider loans
  • $317,479FHLB advances
  • $486,219Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $39,855Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $32,225Restructured Loans and leases
  • $238Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $20,879Total interest income
  • $2,148Total interest expense
  • $18,731Net interest income
  • $6,900Provision for loan and lease losses
  • $159Total noninterest income
  • $705Fiduciary activities
  • $1,705Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,251Additional noninterest income
  • $18,461Total noninterest expense
  • $7,044Salaries and employee benefits
  • $2,180Premises and equipment expense
  • $9,237Additional noninterest expense
  • -$6,471Pre-tax net operating income
  • $364Securities gains (losses)
  • $0Applicable income taxes
  • -$6,107Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,107Net income attributable to bank
  • $0Net charge-offs
  • -$6,107Cash dividends
  • $6,252Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.51%Yield on earning assets
  • 0.46%Cost of funding earning assets
  • 4.05%Net interest margin
  • 0.03%Noninterest income to earning assets
  • 3.99%Noninterest expense to earning assets
  • -1.28%Net operating income to assets
  • -1.21%Return on assets (ROA)
  • -1.21%Pretax return on assets
  • -14.20%Return on equity (ROE)
  • -14.20%Retained earnings to average equity (YTD only)
  • 1.73%Net charge-offs to loans
  • 110.36%Credit loss provision to net charge-offs
  • 0.07%Efficiency ratio
  • 97,729Assets per employee
  • 3.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.88%Loss allowance to noncurrent loans
  • 95.16%Noncurrent assets plus other real estate owned to assets
  • 8.07%Noncurrent loans to loans
  • 6.18%Net loans and leases to deposits
  • 76.04%Net loans and leases to core deposits
  • 81.50%Equity capital to assets
  • 8.85%Core capital (leverage) ratio
  • 8.20%Tier 1 risk-based capital ratio
  • 12.55%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $506,727Average earning assets
  • $43,022Average equity
  • $462,522Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $108,370Managed Assets
  • 1Number of Accounts
  • $102,273Personal trust and agency accounts
  • $15,522Employee benefit-defined contribution accounts
  • $13,005Employee benefit-defined benefit accounts
  • $42,481Other retirement accounts
  • $9,223Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $22,042Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 409Number of Accounts
  • $0Personal trust and agency accounts
  • $9,124Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,097Other retirement accounts
  • $4,817Corporate trust and agency accounts
  • $86Other fiduciary accounts
  • $195Fiduciary accounts held in foreign offices

List of branches

  • 8 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012511Norstates Bank1601 North Lewis Avenue, Waukegan, IL 60085November 05, 1962Full Service Brick and Mortar
    1245921Westside FacilityGreenbay Road And Grand Avenue, Waukegan, IL 60085June 02, 1980Full Service Brick and Mortar
    2245922Antioch FacilityRoute 59 And Grass Lake Road, Antioch, IL 60002April 02, 1984Full Service Brick and Mortar
    340558Madison At County Branch216 W. Madison St., Waukegan, IL 60085January 01, 1919Full Service Brick and Mortar
    5263074Gurnee Branch5384 Grand Avenue, Gurnee, IL 60031March 01, 1991Full Service Brick and Mortar
    6245923Winthrop Harbor Facility700 N Sheridan Rd, Winthrop Harbor, IL 60096November 30, 1998Full Service Brick and Mortar
    710976Cedar Lake Office Branch1777 North Cedar Lake Road, Round Lake, IL 60073May 07, 1949Full Service Brick and Mortar
    8239491Goodnow BranchAvilon And Goodnow Boulevards, Round Lake, IL 60073Febuary 21, 1989Full Service Brick and Mortar

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