FDIC Certificate #: 35030 Status: Inactive Federal Reserve ID: 2782887 Date Established: March 01, 1999 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15590 FDIC's unique #: 73854 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: March 01, 1999 Last Structure Change Effective Date: September 04, 2009 Last Structure Change Process Date: September 08, 2009 Last Data Update: September 08, 2009 Data Source Date: April 05, 2012
Location
Address: 2915 West Kirchoff Road, Rolling Meadows, IL 60008 County: Cook Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Atlanta 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
Financial Difficulty - Payoff
Financial Summary
Total assets: $148.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
71Total employees (full-time equivalent)
$86,519Total assets
$10,375Cash and due from depository institutions
$100Interest-bearing balances
$26,774Securities
$1,420Federal funds sold & reverse repurchase agreements
$42,928Net loans & leases
$2,080Loan loss allowance
$0Trading account assets
$102Bank premises and fixed assets
$1,067Other real estate owned
$196Goodwill and other intangibles
$0Life insurance assets
$3,657All other assets
$86,519Total liabilities and capital
$79,614Total liabilities
$78,154Total deposits
$56,366Interest-bearing deposits
$78,154Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,460All other liabilities
$6,905Total equity capital
$6,905Total bank equity capital
$6,905Perpetual preferred stock
$0Common stock
$10Surplus
$26,315Undivided profits
Memoranda
$-19,420Noncurrent loans and leases
$913Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,402Earning assets
$0Long-term assets (5+ years)
$388Average Assets, year-to-date
$71,222Average Assets, quarterly
$0Volatile liabilities
$85,154Insider loans
$82,530FHLB advances
$6,690Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$913Total unused commitments
$380Restructured Loans and leases
$464Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$4,387Total interest income
$2,994Total interest expense
$1,393Net interest income
$3,241Provision for loan and lease losses
$2,480Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,480Additional noninterest income
$4,578Total noninterest expense
$2,036Salaries and employee benefits
$822Premises and equipment expense
$1,720Additional noninterest expense
-$3,946Pre-tax net operating income
-$42Securities gains (losses)
$0Applicable income taxes
-$3,988Income before extraordinary items
$0Extraordinary gains - net
-$3,988Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,232Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.72%Yield on earning assets
3.90%Cost of funding earning assets
1.82%Net interest margin
3.23%Noninterest income to earning assets
5.97%Noninterest expense to earning assets
-4.63%Net operating income to assets
-4.68%Return on assets (ROA)
-4.68%Pretax return on assets
-75.94%Return on equity (ROE)
-75.94%Retained earnings to average equity (YTD only)
3.71%Net charge-offs to loans
145.21%Credit loss provision to net charge-offs
-0.32%Efficiency ratio
116,602Assets per employee
1.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.62%Loss allowance to noncurrent loans
47.25%Noncurrent assets plus other real estate owned to assets
6.32%Noncurrent loans to loans
9.78%Net loans and leases to deposits
54.93%Net loans and leases to core deposits
60.07%Equity capital to assets
7.98%Core capital (leverage) ratio
7.67%Tier 1 risk-based capital ratio
18.61%Total risk-based capital ratio
Memoranda
$20Average assets
$85,154Average earning assets
$5,252Average equity
$76,702Average loans
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