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


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

  • General
  • FDIC Certificate #: 20226
    Status: Active
    Federal Reserve ID: 12937
    Bank Holding Company (Regulatory Top Holder): F.F. Holding Corp. (RSSDID: 1201653, Location: Chicago, IL)
    Date Established: July 31, 1970
    WWW: http://www.oakbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 14477
    FDIC's unique #: 13907
    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: July 31, 1970
    Last Structure Change Effective Date: November 03, 2006
    Last Structure Change Process Date: November 04, 2008
    Last Data Update: November 04, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1000 North Rush Street, Chicago, IL 60611
    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: $220.6 mil
    Equity capital: $32.6 mil
    Deposits held in domestic offices: $181.5 mil
    Return on assets (ROA): 0.67% ($1.5 mil)
    Quarterly return on assets: 0.58% ($1.3 mil)
    Return on Equity (ROE): 4.41% ($1.5 mil)
    Quarterly return on equity: 3.89% ($1.3 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.11% ($2,448.6 mil)
    Quarterly Pretax return on assets: 0.98% ($2,161.9 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
  • 41Total employees (full-time equivalent)
  • $220,598Total assets
  • $48,031Cash and due from depository institutions
  • $45,615Interest-bearing balances
  • $0Securities
  • $2,000Federal funds sold & reverse repurchase agreements
  • $157,209Net loans & leases
  • $1,784Loan loss allowance
  • $0Trading account assets
  • $11,281Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $220,598Life insurance assets
  • $2,077All other assets
  • $188,019Total liabilities and capital
  • $181,466Total liabilities
  • $107,201Total deposits
  • $181,466Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,475Trading liabilities
  • $0Other borrowed funds
  • $3,078Subordinated debt
  • $32,579All other liabilities
  • $32,579Total equity capital
  • $32,579Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $5,250Surplus
  • $26,579Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $144Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,934Income earned, not collected on loans
  • $0Earning assets
  • $684Long-term assets (5+ years)
  • $204,824Average Assets, year-to-date
  • $2,943Average Assets, quarterly
  • $212,146Volatile liabilities
  • $219,794Insider loans
  • $163,051FHLB advances
  • $225,732Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,579Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,694Restructured Loans and leases
  • $6,070Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,974Total interest income
  • $1,354Total interest expense
  • $7,620Net interest income
  • $620Provision for loan and lease losses
  • $718Total noninterest income
  • $0Fiduciary activities
  • $449Service charges on deposit accounts
  • $0Trading account gains & fees
  • $269Additional noninterest income
  • $5,528Total noninterest expense
  • $3,775Salaries and employee benefits
  • $506Premises and equipment expense
  • $1,247Additional noninterest expense
  • $2,190Pre-tax net operating income
  • $170Securities gains (losses)
  • $934Applicable income taxes
  • $1,426Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,426Net income attributable to bank
  • $0Net charge-offs
  • $1,426Cash dividends
  • $659Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 3.88%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 4.41%Return on equity (ROE)
  • 2.56%Retained earnings to average equity (YTD only)
  • 0.40%Net charge-offs to loans
  • 94.08%Credit loss provision to net charge-offs
  • 4.26%Efficiency ratio
  • 66,299Assets per employee
  • 5.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.08%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 92.24%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 1.22%Net loans and leases to deposits
  • 86.63%Net loans and leases to core deposits
  • 101.65%Equity capital to assets
  • 14.77%Core capital (leverage) ratio
  • 14.43%Tier 1 risk-based capital ratio
  • 19.98%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $212,146Average earning assets
  • $32,329Average equity
  • $196,149Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013907Oak Bank1000 North Rush Street, Chicago, IL 60611July 31, 1970Full Service Brick and Mortar

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