Park Federal Savings Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Park Federal Savings Bank in Chicago, Illinois (IL)
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Park Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28053
    Status: Active
    Federal Reserve ID: 741273
    Date Established: January 01, 1921
    WWW: http://www.parkfed.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 805
    FDIC's unique #: 40887
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: May 10, 1938
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 5400 South Pulaski Road, Chicago, IL 60632
    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 Primary Regulatory Agency
  • Financial Summary
  • Total assets: $198.4 mil
    Equity capital: $13.5 mil
    Deposits held in domestic offices: $145.7 mil
    Return on assets (ROA): -1.70% (-$3.4 mil)
    Quarterly return on assets: -1.43% (-$2.8 mil)
    Return on Equity (ROE): -22.69% (-$3.2 mil)
    Quarterly return on equity: -20.47% (-$2.9 mil)
    Net income: -$3.5 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -1.70% (-$3,372.7 mil)
    Quarterly Pretax return on assets: -1.43% (-$2,837.1 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
  • 46Total employees (full-time equivalent)
  • $198,396Total assets
  • $26,727Cash and due from depository institutions
  • $25,252Interest-bearing balances
  • $18,007Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $125,719Net loans & leases
  • $2,635Loan loss allowance
  • $0Trading account assets
  • $8,597Bank premises and fixed assets
  • $3,023Other real estate owned
  • $0Goodwill and other intangibles
  • $198,396Life insurance assets
  • $16,323All other assets
  • $184,853Total liabilities and capital
  • $145,681Total liabilities
  • $136,606Total deposits
  • $145,681Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 2600.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35,800Trading liabilities
  • $0Other borrowed funds
  • $772Subordinated debt
  • $13,543All other liabilities
  • $13,543Total equity capital
  • $13,543Total bank equity capital
  • $0Perpetual preferred stock
  • $15Common stock
  • $18,077Surplus
  • $-4,549Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,260Income earned, not collected on loans
  • $0Earning assets
  • $623Long-term assets (5+ years)
  • $168,978Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $205,759Volatile liabilities
  • $200,579Insider loans
  • $105,865FHLB advances
  • $198,220Loans and leases held for sale
  • $8,912Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,438Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,099Restructured Loans and leases
  • $700Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,392Total interest income
  • $3,030Total interest expense
  • $5,362Net interest income
  • $3,013Provision for loan and lease losses
  • -$274Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$274Additional noninterest income
  • $5,918Total noninterest expense
  • $2,773Salaries and employee benefits
  • $915Premises and equipment expense
  • $2,230Additional noninterest expense
  • -$3,843Pre-tax net operating income
  • $336Securities gains (losses)
  • $0Applicable income taxes
  • -$3,507Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,507Net income attributable to bank
  • $0Net charge-offs
  • -$3,507Cash dividends
  • $2,338Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 1.73%Cost of funding earning assets
  • 3.05%Net interest margin
  • -0.16%Noninterest income to earning assets
  • 3.37%Noninterest expense to earning assets
  • -1.87%Net operating income to assets
  • -1.70%Return on assets (ROA)
  • -1.70%Pretax return on assets
  • -22.69%Return on equity (ROE)
  • -22.69%Retained earnings to average equity (YTD only)
  • 1.75%Net charge-offs to loans
  • 128.87%Credit loss provision to net charge-offs
  • -0.36%Efficiency ratio
  • 116,313Assets per employee
  • 4.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.05%Loss allowance to noncurrent loans
  • 28.46%Noncurrent assets plus other real estate owned to assets
  • 6.19%Noncurrent loans to loans
  • 7.21%Net loans and leases to deposits
  • 86.30%Net loans and leases to core deposits
  • 90.24%Equity capital to assets
  • 6.83%Core capital (leverage) ratio
  • 6.78%Tier 1 risk-based capital ratio
  • 12.69%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $205,759Average earning assets
  • $15,454Average equity
  • $175,574Average loans

List of branches

  • 4 Illinois Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    040887Park Federal Savings Bank5400 South Pulaski Road, Chicago, IL 60632January 01, 1921Full Service Brick and Mortar
    10026480621 East Ogden Avenue Branch21 East Ogden Avenue, Westmont, IL 60559January 01, 1921Full Service Brick and Mortar
    101264807West 55th Street Branch2740 West 55th Street, Chicago, IL 60632June 30, 1987Full Service Brick and Mortar
    103491867Chicago Branch1823 W. 47th Street, Chicago, IL 60609June 09, 2008Full Service Brick and Mortar

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