Northway State Bank in Grayslake, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2005

  • Northway State Bank in Grayslake, Illinois (IL)
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Northway State Bank - Overview

  • General
  • FDIC Certificate #: 35097
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Bank (#12229)
    Federal Reserve ID: 2803830
    Date Established: September 20, 1999
    WWW: http://www.northwaystatebank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 74676
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 20, 1999
    Last Structure Change Effective Date: November 01, 2005
    Last Structure Change Process Date: November 22, 2005
    Last Data Update: November 22, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 480 West Center Street, Grayslake, IL 60030
    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: $50.4 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, 2004)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $50,852Total assets
  • $2,025Cash and due from depository institutions
  • $0Interest-bearing balances
  • $5,300Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $41,462Net loans & leases
  • $496Loan loss allowance
  • $0Trading account assets
  • $1,359Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $706All other assets
  • $50,852Total liabilities and capital
  • $45,855Total liabilities
  • $45,650Total deposits
  • $38,602Interest-bearing deposits
  • $45,650Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $205All other liabilities
  • $4,997Total equity capital
  • $4,997Total bank equity capital
  • $4,997Perpetual preferred stock
  • $0Common stock
  • $598Surplus
  • $5,360Undivided profits
  • Memoranda
  • $-961Noncurrent loans and leases
  • $5,109Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $34Earning assets
  • $0Long-term assets (5+ years)
  • $124Average Assets, year-to-date
  • $46,762Average Assets, quarterly
  • $2,232Volatile liabilities
  • $49,907Insider loans
  • $51,431FHLB advances
  • $9,288Loans and leases held for sale
  • $1,902Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,109Total unused commitments
  • $0Restructured Loans and leases
  • $497Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $2,369Total interest income
  • $767Total interest expense
  • $1,602Net interest income
  • $49Provision for loan and lease losses
  • $176Total noninterest income
  • $0Fiduciary activities
  • $87Service charges on deposit accounts
  • $0Trading account gains & fees
  • $89Additional noninterest income
  • $1,467Total noninterest expense
  • $574Salaries and employee benefits
  • $413Premises and equipment expense
  • $480Additional noninterest expense
  • $262Pre-tax net operating income
  • $0Securities gains (losses)
  • $102Applicable income taxes
  • $160Income before extraordinary items
  • $0Extraordinary gains - net
  • $160Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.18%Yield on earning assets
  • 1.68%Cost of funding earning assets
  • 3.50%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 3.21%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 3.25%Return on equity (ROE)
  • 3.25%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1633.33%Credit loss provision to net charge-offs
  • 103.67%Efficiency ratio
  • 82,508Assets per employee
  • 5.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.18%Loss allowance to noncurrent loans
  • 1458.82%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.08%Net loans and leases to deposits
  • 90.83%Net loans and leases to core deposits
  • 114.03%Equity capital to assets
  • 9.83%Core capital (leverage) ratio
  • 9.00%Tier 1 risk-based capital ratio
  • 10.43%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $49,907Average earning assets
  • $4,919Average equity
  • $45,739Average loans

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