Northwest Community Bank in Rolling Meadows, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 30, 2011

Northwest Community Bank - Overview

  • General
  • FDIC Certificate #: 58575
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: North Community Bank (#20624)
    Federal Reserve ID: 3622533
    Date Established: October 15, 2007
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 457239
    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: October 15, 2007
    Last Structure Change Effective Date: March 30, 2011
    Last Structure Change Process Date: April 12, 2011
    Last Data Update: April 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2701 Algonquin Road, Rolling Meadows, IL 60008
    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)
  • Financial Summary
  • Total assets: $64.0 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, 2010)

  • Dollar figures in thousands
  • 9Total employees (full-time equivalent)
  • $63,970Total assets
  • $706Cash and due from depository institutions
  • $53Interest-bearing balances
  • $10,555Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $48,385Net loans & leases
  • $1,017Loan loss allowance
  • $0Trading account assets
  • $3,692Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $632All other assets
  • $63,969Total liabilities and capital
  • $55,901Total liabilities
  • $36,257Total deposits
  • $28,927Interest-bearing deposits
  • $36,257Deposits held in domestic offices
  • 67.53%% insured (estimated)
  • $18,945Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $699All other liabilities
  • $8,068Total equity capital
  • $8,068Total bank equity capital
  • $8,068Perpetual preferred stock
  • $0Common stock
  • $800Surplus
  • $7,200Undivided profits
  • Memoranda
  • $68Noncurrent loans and leases
  • $1,306Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,425Earning assets
  • $0Long-term assets (5+ years)
  • $197Average Assets, year-to-date
  • $58,993Average Assets, quarterly
  • $21,047Volatile liabilities
  • $71,124Insider loans
  • $64,393FHLB advances
  • $26,804Loans and leases held for sale
  • $2,198Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,306Total unused commitments
  • $2,910Restructured Loans and leases
  • $591Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $3,888Total interest income
  • $683Total interest expense
  • $3,205Net interest income
  • $1,359Provision for loan and lease losses
  • $335Total noninterest income
  • $0Fiduciary activities
  • $282Service charges on deposit accounts
  • $0Trading account gains & fees
  • $53Additional noninterest income
  • $1,353Total noninterest expense
  • $493Salaries and employee benefits
  • $421Premises and equipment expense
  • $439Additional noninterest expense
  • $828Pre-tax net operating income
  • $8Securities gains (losses)
  • $268Applicable income taxes
  • $568Income before extraordinary items
  • $0Extraordinary gains - net
  • $568Net income attributable to bank
  • $0Net charge-offs
  • $568Cash dividends
  • $1,017Sale, conversion, retirement of capital stock, net
  • $980Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.90%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 4.87%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 2.05%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 6.89%Return on equity (ROE)
  • -5.00%Retained earnings to average equity (YTD only)
  • 1.99%Net charge-offs to loans
  • 133.63%Credit loss provision to net charge-offs
  • 2.15%Efficiency ratio
  • 38,220Assets per employee
  • 7.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 172.54%Loss allowance to loans
  • 2.06%Loss allowance to noncurrent loans
  • 71.37%Noncurrent assets plus other real estate owned to assets
  • 2.23%Noncurrent loans to loans
  • 2.88%Net loans and leases to deposits
  • 133.45%Net loans and leases to core deposits
  • 170.38%Equity capital to assets
  • 12.61%Core capital (leverage) ratio
  • 12.43%Tier 1 risk-based capital ratio
  • 17.22%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $71,124Average earning assets
  • $8,248Average equity
  • $65,859Average loans

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