Ravenswood Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 06, 2010

  • Ravenswood Bank in Chicago, Illinois (IL)
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Ravenswood Bank - Overview

  • General
  • FDIC Certificate #: 34231
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Northbrook Bank and Trust Company (#57082)
    Federal Reserve ID: 2435615
    Date Established: August 26, 1996
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 15372
    FDIC's unique #: 56990
    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: August 26, 1996
    Last Structure Change Effective Date: August 06, 2010
    Last Structure Change Process Date: August 10, 2010
    Last Data Update: August 10, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2300 West Lawrence Avenue, Chicago, IL 60625
    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)
  • Financial Summary
  • Total assets: $264.6 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
  • 41Total employees (full-time equivalent)
  • $309,416Total assets
  • $32,230Cash and due from depository institutions
  • $30,663Interest-bearing balances
  • $38,558Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $213,963Net loans & leases
  • $13,954Loan loss allowance
  • $0Trading account assets
  • $11,245Bank premises and fixed assets
  • $3,630Other real estate owned
  • $0Goodwill and other intangibles
  • $4,880Life insurance assets
  • $9,790All other assets
  • $309,416Total liabilities and capital
  • $300,910Total liabilities
  • $297,144Total deposits
  • $282,293Interest-bearing deposits
  • $297,144Deposits held in domestic offices
  • 98.39%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $3,766All other liabilities
  • $8,506Total equity capital
  • $8,506Total bank equity capital
  • $8,506Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $10,888Undivided profits
  • Memoranda
  • $-3,382Noncurrent loans and leases
  • $7,942Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $51,125Earning assets
  • $0Long-term assets (5+ years)
  • $1,833Average Assets, year-to-date
  • $283,184Average Assets, quarterly
  • $44,800Volatile liabilities
  • $327,940Insider loans
  • $317,195FHLB advances
  • $27,385Loans and leases held for sale
  • $169Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,942Total unused commitments
  • $1,603Restructured Loans and leases
  • $3,414Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $16,593Total interest income
  • $11,704Total interest expense
  • $4,889Net interest income
  • $5,100Provision for loan and lease losses
  • $320Total noninterest income
  • $0Fiduciary activities
  • $720Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$400Additional noninterest income
  • $8,976Total noninterest expense
  • $3,125Salaries and employee benefits
  • $827Premises and equipment expense
  • $5,024Additional noninterest expense
  • -$8,867Pre-tax net operating income
  • -$426Securities gains (losses)
  • -$1,946Applicable income taxes
  • -$7,347Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,347Net income attributable to bank
  • $0Net charge-offs
  • -$7,347Cash dividends
  • $567Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.66%Yield on earning assets
  • 3.99%Cost of funding earning assets
  • 1.67%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • -2.14%Net operating income to assets
  • -2.24%Return on assets (ROA)
  • -2.83%Pretax return on assets
  • -51.37%Return on equity (ROE)
  • -51.37%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 899.47%Credit loss provision to net charge-offs
  • -6.64%Efficiency ratio
  • 172,317Assets per employee
  • 7.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.12%Loss allowance to noncurrent loans
  • 27.29%Noncurrent assets plus other real estate owned to assets
  • 17.70%Noncurrent loans to loans
  • 22.43%Net loans and leases to deposits
  • 72.01%Net loans and leases to core deposits
  • 79.32%Equity capital to assets
  • 2.75%Core capital (leverage) ratio
  • 3.06%Tier 1 risk-based capital ratio
  • 3.80%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $327,940Average earning assets
  • $14,301Average equity
  • $293,403Average loans

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