Providence Bank, LLC in South Holland, Illinois (IL), IN
Overview, Financial Summary, Detailed Financial Reports, Branches

Providence Bank, LLC - Overview

  • General
  • FDIC Certificate #: 57754
    Status: Active
    Federal Reserve ID: 3280625
    Date Established: September 20, 2004
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: Yes)
    FDIC's unique #: 423445
    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: September 20, 2004
    Last Structure Change Effective Date: Febuary 12, 2011
    Last Structure Change Process Date: Febuary 16, 2011
    Last Data Update: Febuary 16, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 630 East 162nd Street, South Holland, IL 60473
    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
  • Office Purchased
  • Financial Summary
  • Total assets: $382.9 mil
    Equity capital: $34.3 mil
    Deposits held in domestic offices: $337.5 mil
    Return on assets (ROA): 0.72% ($2.8 mil)
    Quarterly return on assets: 1.03% ($3.9 mil)
    Return on Equity (ROE): 7.74% ($2.6 mil)
    Quarterly return on equity: 11.41% ($3.9 mil)
    Net income: $2.5 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.11% ($4,249.9 mil)
    Quarterly Pretax return on assets: 1.63% ($6,240.8 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
  • 70Total employees (full-time equivalent)
  • $382,874Total assets
  • $13,943Cash and due from depository institutions
  • $93Interest-bearing balances
  • $102,132Securities
  • $939Federal funds sold & reverse repurchase agreements
  • $251,371Net loans & leases
  • $4,500Loan loss allowance
  • $0Trading account assets
  • $8,412Bank premises and fixed assets
  • $941Other real estate owned
  • $879Goodwill and other intangibles
  • $382,874Life insurance assets
  • $4,257All other assets
  • $348,583Total liabilities and capital
  • $337,527Total liabilities
  • $290,297Total deposits
  • $337,527Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 2737.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,550Trading liabilities
  • $0Other borrowed funds
  • $769Subordinated debt
  • $34,291All other liabilities
  • $34,291Total equity capital
  • $34,291Total bank equity capital
  • $0Perpetual preferred stock
  • $2,635Common stock
  • $28,962Surplus
  • $2,694Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,058Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,769Income earned, not collected on loans
  • $0Earning assets
  • $1,504Long-term assets (5+ years)
  • $354,535Average Assets, year-to-date
  • $138,276Average Assets, quarterly
  • $352,134Volatile liabilities
  • $373,370Insider loans
  • $289,373FHLB advances
  • $373,599Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,339Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $61,190Restructured Loans and leases
  • $4,988Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,995Total interest income
  • $2,914Total interest expense
  • $13,081Net interest income
  • $1,763Provision for loan and lease losses
  • $1,633Total noninterest income
  • $92Fiduciary activities
  • $254Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,287Additional noninterest income
  • $9,567Total noninterest expense
  • $5,130Salaries and employee benefits
  • $1,448Premises and equipment expense
  • $2,989Additional noninterest expense
  • $3,384Pre-tax net operating income
  • $533Securities gains (losses)
  • $1,399Applicable income taxes
  • $2,518Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,518Net income attributable to bank
  • $0Net charge-offs
  • $2,518Cash dividends
  • $1,126Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 4.03%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 7.74%Return on equity (ROE)
  • 7.74%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 156.57%Credit loss provision to net charge-offs
  • 4.57%Efficiency ratio
  • 64,768Assets per employee
  • 5.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 254.38%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 74.47%Net loans and leases to core deposits
  • 85.88%Equity capital to assets
  • 8.96%Core capital (leverage) ratio
  • 8.66%Tier 1 risk-based capital ratio
  • 11.18%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $352,134Average earning assets
  • $32,520Average equity
  • $324,228Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $22,466Managed Assets
  • 1Number of Accounts
  • $22,466Personal trust and agency accounts
  • $22,081Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $385Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 26Number of Accounts
  • $0Personal trust and agency accounts
  • $385Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0423445Providence Bank, Llc630 East 162nd Street, South Holland, IL 60473September 20, 2004Full Service Brick and Mortar
    3465580Elmhurst Branch466 South Spring Road, Elmhurst, IL 60126May 07, 2007Full Service Brick and Mortar
    6510446Frankfort Branch20220 South La Grange Road, Frankfort, IL 60423July 19, 2010Full Service Brick and Mortar
    7439721Wheaton Branch330 South Naperville Road, Wheaton, IL 60187April 05, 2005Full Service Brick and Mortar
  • 3 Indiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1443992Dyer Office14785 West 101st Avenue, Dyer, IN 46311August 17, 2005Full Service Brick and Mortar
    2455688Munster Office240 45th Street, Munster, IN 46321August 07, 2006Full Service Brick and Mortar
    4471476Schererville Office Branch950 W. Us Hwy 30, Schererville, IN 46375Febuary 11, 2008Full Service Brick and Mortar

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