FDIC Certificate #: 10888 Status: Inactive Closing history: Corrections Acquiring institution:First Midwest Bank (#3709) Federal Reserve ID: 744144 Date Established: January 01, 1916 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 6969 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: January 01, 1934 Last Structure Change Effective Date: April 23, 2010 Last Structure Change Process Date: April 26, 2010 Last Data Update: April 26, 2010 Data Source Date: April 05, 2012
Location
Address: 200 West Corning Avenue, Peotone, IL 60468 County: Will 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
Absorption - Assisted
Corrections
Financial Summary
Total assets: $130.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
42Total employees (full-time equivalent)
$133,051Total assets
$20,214Cash and due from depository institutions
$15,270Interest-bearing balances
$12,116Securities
$0Federal funds sold & reverse repurchase agreements
$86,078Net loans & leases
$3,653Loan loss allowance
$0Trading account assets
$8,814Bank premises and fixed assets
$545Other real estate owned
$0Goodwill and other intangibles
$3,350Life insurance assets
$5,284All other assets
$133,051Total liabilities and capital
$132,056Total liabilities
$126,970Total deposits
$109,161Interest-bearing deposits
$126,970Deposits held in domestic offices
96.07%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,768Other borrowed funds
$0Subordinated debt
$318All other liabilities
$995Total equity capital
$995Total bank equity capital
$995Perpetual preferred stock
$0Common stock
$550Surplus
$3,250Undivided profits
Memoranda
$-2,805Noncurrent loans and leases
$6,734Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$16,180Earning assets
$0Long-term assets (5+ years)
$847Average Assets, year-to-date
$113,464Average Assets, quarterly
$2,239Volatile liabilities
$145,991Insider loans
$137,287FHLB advances
$8,523Loans and leases held for sale
$3,399Unused loan commitments
$4,768Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,734Total unused commitments
$0Restructured Loans and leases
$718Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$6,259Total interest income
$2,510Total interest expense
$3,749Net interest income
$6,306Provision for loan and lease losses
$1,273Total noninterest income
$7Fiduciary activities
$654Service charges on deposit accounts
$0Trading account gains & fees
$612Additional noninterest income
$5,756Total noninterest expense
$2,311Salaries and employee benefits
$825Premises and equipment expense
$2,620Additional noninterest expense
-$7,040Pre-tax net operating income
-$2,834Securities gains (losses)
$0Applicable income taxes
-$9,874Income before extraordinary items
$0Extraordinary gains - net
-$9,874Net income attributable to bank
$0Net charge-offs
-$9,874Cash dividends
$3,778Sale, conversion, retirement of capital stock, net
$160Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.01%Yield on earning assets
2.01%Cost of funding earning assets
3.00%Net interest margin
1.02%Noninterest income to earning assets
4.61%Noninterest expense to earning assets
-4.82%Net operating income to assets
-6.76%Return on assets (ROA)
-6.76%Pretax return on assets
-139.89%Return on equity (ROE)
-142.15%Retained earnings to average equity (YTD only)
3.78%Net charge-offs to loans
166.91%Credit loss provision to net charge-offs
-0.19%Efficiency ratio
114,616Assets per employee
3.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1.62%Loss allowance to loans
4.07%Loss allowance to noncurrent loans
22.58%Noncurrent assets plus other real estate owned to assets
12.57%Noncurrent loans to loans
18.03%Net loans and leases to deposits
67.79%Net loans and leases to core deposits
69.86%Equity capital to assets
0.75%Core capital (leverage) ratio
0.51%Tier 1 risk-based capital ratio
0.79%Total risk-based capital ratio
Memoranda
$2Average assets
$145,991Average earning assets
$7,059Average equity
$124,836Average loans
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