Prospect Federal Savings Bank in Worth, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Prospect Federal Savings Bank in Worth, Illinois (IL)
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Prospect Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 27993
    Status: Active
    Federal Reserve ID: 910873
    Date Established: January 01, 1909
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 691
    FDIC's unique #: 40827
    Numeric code: 34
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: June 28, 1937
    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: 11139 South Harlem Avenue, Worth, IL 60482
    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: $287.3 mil
    Equity capital: $40.0 mil
    Deposits held in domestic offices: $246.5 mil
    Return on assets (ROA): -0.15% (-$0.4 mil)
    Quarterly return on assets: -0.06% (-$0.2 mil)
    Return on Equity (ROE): -1.11% (-$0.4 mil)
    Quarterly return on equity: -0.42% (-$0.2 mil)
    Net income: -$0.4 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -0.23% (-$660.8 mil)
    Quarterly Pretax return on assets: -0.12% (-$344.8 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)
  • $287,322Total assets
  • $80,739Cash and due from depository institutions
  • $75,186Interest-bearing balances
  • $133,419Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $64,704Net loans & leases
  • $263Loan loss allowance
  • $1,481Trading account assets
  • $1,577Bank premises and fixed assets
  • $113Other real estate owned
  • $55Goodwill and other intangibles
  • $287,322Life insurance assets
  • $5,234All other assets
  • $247,305Total liabilities and capital
  • $246,456Total liabilities
  • $244,386Total deposits
  • $246,456Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $849Subordinated debt
  • $40,017All other liabilities
  • $40,017Total equity capital
  • $40,017Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $40,017Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,006Income earned, not collected on loans
  • $0Earning assets
  • $837Long-term assets (5+ years)
  • $274,790Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $291,459Volatile liabilities
  • $288,455Insider loans
  • $89,623FHLB advances
  • $286,966Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $39,661Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,696Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,485Total interest income
  • $3,550Total interest expense
  • $3,935Net interest income
  • $353Provision for loan and lease losses
  • $346Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • -$12Trading account gains & fees
  • $358Additional noninterest income
  • $4,716Total noninterest expense
  • $3,158Salaries and employee benefits
  • $822Premises and equipment expense
  • $736Additional noninterest expense
  • -$788Pre-tax net operating income
  • $114Securities gains (losses)
  • -$229Applicable income taxes
  • -$445Income before extraordinary items
  • $0Extraordinary gains - net
  • -$445Net income attributable to bank
  • $0Net charge-offs
  • -$445Cash dividends
  • $224Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.68%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 1.41%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 1.69%Noninterest expense to earning assets
  • -0.18%Net operating income to assets
  • -0.15%Return on assets (ROA)
  • -0.23%Pretax return on assets
  • -1.11%Return on equity (ROE)
  • -1.11%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 157.59%Credit loss provision to net charge-offs
  • -1.94%Efficiency ratio
  • 110,161Assets per employee
  • 6.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.40%Loss allowance to noncurrent loans
  • 13.11%Noncurrent assets plus other real estate owned to assets
  • 0.74%Noncurrent loans to loans
  • 3.09%Net loans and leases to deposits
  • 26.25%Net loans and leases to core deposits
  • 26.80%Equity capital to assets
  • 13.93%Core capital (leverage) ratio
  • 13.82%Tier 1 risk-based capital ratio
  • 44.25%Total risk-based capital ratio
  • Memoranda
  • $45Average assets
  • $291,459Average earning assets
  • $40,206Average equity
  • $279,146Average loans

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040827Prospect Federal Savings Bank11139 South Harlem Avenue, Worth, IL 60482January 01, 1909Full Service Brick and Mortar
    1002644736858 South Pulaski Road Branch6858 South Pulaski Road, Chicago, IL 60629January 01, 1909Full Service Brick and Mortar
    102446067Oak Lawn Branch4646 West 103rd Street, Oak Lawn, IL 60453June 30, 2002Full Service Brick and Mortar

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