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


  • North Bank in Chicago, Illinois (IL)
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North Bank - Overview

  • General
  • FDIC Certificate #: 20152
    Status: Active
    Federal Reserve ID: 664831
    Date Established: March 16, 1970
    WWW: http://www.northbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 13846
    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: March 16, 1970
    Last Structure Change Effective Date: January 31, 2011
    Last Structure Change Process Date: Febuary 11, 2011
    Last Data Update: Febuary 11, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 431 North Clark Street, Chicago, IL 60654
    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
  • Change in Location
  • Financial Summary
  • Total assets: $113.0 mil
    Equity capital: $10.3 mil
    Deposits held in domestic offices: $102.3 mil
    Return on assets (ROA): 0.53% ($0.6 mil)
    Quarterly return on assets: 0.53% ($0.6 mil)
    Return on Equity (ROE): 6.10% ($0.6 mil)
    Quarterly return on equity: 5.83% ($0.6 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.63% ($712.0 mil)
    Quarterly Pretax return on assets: 0.60% ($678.1 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
  • 26Total employees (full-time equivalent)
  • $113,021Total assets
  • $10,412Cash and due from depository institutions
  • $4,970Interest-bearing balances
  • $43,049Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $55,953Net loans & leases
  • $1,163Loan loss allowance
  • $0Trading account assets
  • $2,323Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $113,021Life insurance assets
  • $1,284All other assets
  • $102,742Total liabilities and capital
  • $102,281Total liabilities
  • $79,341Total deposits
  • $102,281Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $461Subordinated debt
  • $10,279All other liabilities
  • $10,279Total equity capital
  • $10,279Total bank equity capital
  • $0Perpetual preferred stock
  • $1,264Common stock
  • $2,091Surplus
  • $6,924Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,491Income earned, not collected on loans
  • $0Earning assets
  • $464Long-term assets (5+ years)
  • $103,972Average Assets, year-to-date
  • $28,268Average Assets, quarterly
  • $114,325Volatile liabilities
  • $113,408Insider loans
  • $67,272FHLB advances
  • $114,249Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,909Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,110Restructured Loans and leases
  • $232Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,732Total interest income
  • $421Total interest expense
  • $4,311Net interest income
  • $285Provision for loan and lease losses
  • $430Total noninterest income
  • $0Fiduciary activities
  • $192Service charges on deposit accounts
  • $0Trading account gains & fees
  • $238Additional noninterest income
  • $4,053Total noninterest expense
  • $1,903Salaries and employee benefits
  • $937Premises and equipment expense
  • $1,213Additional noninterest expense
  • $403Pre-tax net operating income
  • $312Securities gains (losses)
  • $108Applicable income taxes
  • $607Income before extraordinary items
  • $0Extraordinary gains - net
  • $607Net income attributable to bank
  • $0Net charge-offs
  • $607Cash dividends
  • -$64Sale, conversion, retirement of capital stock, net
  • $158Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 0.39%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.40%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 6.10%Return on equity (ROE)
  • 4.51%Retained earnings to average equity (YTD only)
  • -0.11%Net charge-offs to loans
  • -445.31%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 85,488Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.03%Loss allowance to loans
  • 2.04%Loss allowance to noncurrent loans
  • 46.69%Noncurrent assets plus other real estate owned to assets
  • 2.20%Noncurrent loans to loans
  • 4.36%Net loans and leases to deposits
  • 54.71%Net loans and leases to core deposits
  • 66.18%Equity capital to assets
  • 9.09%Core capital (leverage) ratio
  • 8.67%Tier 1 risk-based capital ratio
  • 14.73%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $114,325Average earning assets
  • $9,948Average equity
  • $107,213Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013846North Bank431 North Clark Street, Chicago, IL 60654March 16, 1970Full Service Brick and Mortar
    1250387Lobby Facility360 East Ohio Street, Chicago, IL 60611October 16, 1972Limited Service Facility

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