Royal American Bank in Inverness, Illinois (IL)



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Royal American Bank
GeneralFDIC Certificate #: 33370
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Midwest Bank and Trust Company (#18117)
Federal Reserve ID: 1857087
Date Established: April 15, 1991
WWW: http://www.royalamerican.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Interstate: No)
FDIC's unique #: 46950
Numeric code: 13
Regulator: FED
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: April 15, 1991
Last Structure Change Effective Date: July 03, 2006
Last Structure Change Process Date: October 17, 2006
Last Data Update: October 17, 2006
Data Source Date: April 05, 2012
LocationAddress: 1604 Colonial Parkway, Inverness, IL 60067
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 SummaryTotal assets: $556.4 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, 2005)
(Dollar figures in thousands)
Total employees (full-time equivalent)77
Total assets$529,685
Cash and due from depository institutions$17,059
Interest-bearing balances$358
Securities$34,189
Federal funds sold & reverse repurchase agreements$29,950
Net loans & leases$433,677
Loan loss allowance $4,995
Trading account assets$0
Bank premises and fixed assets$1,367
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$13,443
Life insurance assets$0
Total liabilities and capital$529,685
Total liabilities$483,115
Total deposits$472,434
Interest-bearing deposits$344,320
Deposits held in domestic offices$472,434
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $5,000
Subordinated debt $0
All other liabilities $5,681
Total equity capital$46,570
Total bank equity capital$46,570
Perpetual preferred stock$46,570
Common stock$0
Surplus$2,228
Undivided profits $15,842
Memoranda
Noncurrent loans and leases $28,500
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $174,500
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,064
Average Assets, quarterly $498,174
Volatile liabilities $37,041
Insider loans $472,448
FHLB advances $518,239
Loans and leases held for sale $164,040
Unused loan commitments $17,857
Tier 1 (core) risk-based capital $5,000
Tier 2 risk-based capital $400
Total risk weighted assets $0
Total unused commitments $174,500
Restructured Loans and leases $0
Derivatives$4,995
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Income and Expense (December 31, 2005)
(Dollar figures in thousands)
Total interest income $28,114
Total interest expense $8,789
Net interest income $19,325
Provision for loan and lease losses $789
Total noninterest income $3,178
Fiduciary activities $928
Service charges on deposit accounts $794
Trading account gains & fees $0
Additional noninterest income $1,456
Total noninterest expense $12,854
Salaries and employee benefits $8,367
Premises and equipment expense $966
Additional noninterest expense $3,521
Pre-tax net operating income $8,860
Securities gains (losses) -$38
Applicable income taxes $3,246
Income before extraordinary items $5,576
Extraordinary gains - net $0
Net income attributable to bank $5,576
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $49
Net operating income $0
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Performance and Condition Ratios (December 31, 2005)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.35%
Cost of funding earning assets 1.99%
Net interest margin 4.37%
Noninterest income to earning assets 0.72%
Noninterest expense to earning assets 2.90%
Net operating income to assets 1.19%
Return on assets (ROA) 1.18%
Pretax return on assets 1.87%
Return on equity (ROE) 13.30%
Retained earnings to average equity (YTD only) 13.30%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 1610.20%
Efficiency ratio196.92%
Assets per employee$57,121
Cash dividends to net income (YTD only)6.88%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.14%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 91.80%
Equity capital to assets 140.62%
Core capital (leverage) ratio 8.79%
Tier 1 risk-based capital ratio 8.83%
Total risk-based capital ratio 9.75%
Memoranda
Average assets$11
Average earning assets$472,448
Average equity $41,921
Average loans $442,524
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Total Fiduciary and Related Assets (December 31, 2005)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$159,874
Number of Accounts1
Personal trust and agency accounts$159,874
Employee benefit-defined contribution accounts$4,845
Employee benefit-defined benefit accounts$31,869
Other retirement accounts$8,569
Corporate trust and agency accounts$0
Investment management agency accounts$5,027
Other fiduciary accounts$109,564
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts272
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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