Seaway Bank and Trust Company in Chicago, Illinois (IL), WI



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Seaway Bank and Trust Company routing number info

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Seaway Bank and Trust Company
GeneralFDIC Certificate #: 19328
Status: Active
Federal Reserve ID: 673431
Bank Holding Company (Regulatory Top Holder): Seaway Bancshares, Inc. (RSSDID: 1204029, Location: Chicago, IL)
Date Established: January 02, 1965
WWW: http://www.seawaybank.us
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 12 (Domestic: 12, Interstate: Yes)
OTS Docket #: 11311
FDIC's unique #: 13140
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 02, 1965
Last Structure Change Effective Date: March 11, 2011
Last Structure Change Process Date: March 14, 2011
Last Data Update: March 14, 2011
Data Source Date: April 05, 2012
LocationAddress: 645 East 87th Street, Chicago, IL 60619
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 ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Financial SummaryTotal assets: $603.1 mil
Equity capital: $50.9 mil
Deposits held in domestic offices: $527.9 mil
Return on assets (ROA): 1.67% ($10.1 mil)
Quarterly return on assets: -0.97% (-$5.8 mil)
Return on Equity (ROE): 21.66% ($11.0 mil)
Quarterly return on equity: -11.52% (-$5.9 mil)
Net income: $10.3 mil
Quarterly Net income: -$1.5 mil
Pretax return on assets: 1.67% ($10,072.6 mil)
Quarterly Pretax return on assets: -0.97% (-$5,850.5 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)
Total employees (full-time equivalent)293
Total assets$603,147
Cash and due from depository institutions$13,355
Interest-bearing balances$1,926
Securities$218,250
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$295,841
Loan loss allowance $6,561
Trading account assets$0
Bank premises and fixed assets$10,187
Other real estate owned$3,172
Goodwill and other intangibles$0
All other assets$62,342
Life insurance assets$603,147
Total liabilities and capital$552,297
Total liabilities$527,915
Total deposits$466,529
Interest-bearing deposits$527,915
Deposits held in domestic offices$78
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$20,000
Other borrowed funds $0
Subordinated debt $4,382
All other liabilities $50,850
Total equity capital$50,850
Total bank equity capital$50,850
Perpetual preferred stock$0
Common stock$851
Surplus$7,054
Undivided profits $42,945
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $61
Income earned, not collected on loans $59,666
Earning assets $0
Long-term assets (5+ years) $2,867
Average Assets, year-to-date $516,017
Average Assets, quarterly $239,357
Volatile liabilities $616,285
Insider loans $614,355
FHLB advances $257,072
Loans and leases held for sale $633,359
Unused loan commitments $6,534
Tier 1 (core) risk-based capital $6,534
Tier 2 risk-based capital $49,339
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $57,237
Derivatives$1,215
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $25,078
Total interest expense $5,516
Net interest income $19,562
Provision for loan and lease losses $4,050
Total noninterest income $22,175
Fiduciary activities $250
Service charges on deposit accounts $2,716
Trading account gains & fees $0
Additional noninterest income $19,209
Total noninterest expense $27,410
Salaries and employee benefits $13,960
Premises and equipment expense $3,492
Additional noninterest expense $9,958
Pre-tax net operating income $10,277
Securities gains (losses) $19
Applicable income taxes $13
Income before extraordinary items $10,283
Extraordinary gains - net $0
Net income attributable to bank $10,283
Net charge-offs $0
Cash dividends $10,283
Sale, conversion, retirement of capital stock, net $1,867
Net operating income $1,059
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.72%
Cost of funding earning assets 1.04%
Net interest margin 3.68%
Noninterest income to earning assets 4.17%
Noninterest expense to earning assets 5.16%
Net operating income to assets 1.67%
Return on assets (ROA) 1.67%
Pretax return on assets 1.67%
Return on equity (ROE) 21.66%
Retained earnings to average equity (YTD only) 19.43%
Net charge-offs to loans 0.61%
Credit loss provision to net charge-offs 216.93%
Efficiency ratio7.67%
Assets per employee$65,673
Cash dividends to net income (YTD only)2.06%
Condition Ratios (%)
Loss allowance to loans 10.30%
Loss allowance to noncurrent loans 2.17%
Noncurrent assets plus other real estate owned to assets 11.00%
Noncurrent loans to loans 10.42%
Net loans and leases to deposits19.73%
Net loans and leases to core deposits 56.04%
Equity capital to assets 78.74%
Core capital (leverage) ratio 8.43%
Tier 1 risk-based capital ratio 7.79%
Total risk-based capital ratio 19.19%
Memoranda
Average assets$20
Average earning assets$616,285
Average equity $47,472
Average loans $531,534
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Total Fiduciary and Related Assets (December 31, 2011)
(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$80,471
Number of Accounts1
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
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts54
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$80,471
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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11 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
013140Seaway Bank And Trust Company645 East 87th Street, Chicago, IL 60619January 02, 1965Full Service Brick and Mortar
1247942Drive-In Facility825 East 87th Street, Chicago, IL 60619September 23, 1974Limited Service Facility
2247943Chatham Ridge Facility8652 South Lafayette, Chicago, IL 60620November 21, 1977Full Service Brick and Mortar
311026Michigan Avenue Facility11108 South Michigan Avenue, Chicago, IL 60628October 30, 1950Full Service Brick and Mortar
5360943O'hare Facility BranchO'hare International Airport, Chicago, IL 60666December 21, 2000Full Service Brick and Mortar
610307First Suburban National Bank Branch150 South 5th Avenue, Maywood, IL 60153September 07, 1943Full Service Brick and Mortar
7237239Broadview Banking Center Facility2100 Roosevelt Road, Broadview, IL 60153December 22, 1980Full Service Brick and Mortar
8237240Crestwood Branch5601 West 127th Street, Crestwood, IL 60445Febuary 02, 1990Full Service Brick and Mortar
9452496Chicago Banking Center Branch180 North Wacker, Chicago, IL 60606April 15, 2006Full Service Brick and Mortar
11522216Waukegan Branch1334 N. Lewis Avenue, Waukegan, IL 60085July 01, 2010Full Service Brick and Mortar
12522217Bronzeville Branch3501 S. King Drive, Chicago, IL 60653July 01, 2010Full Service Brick and Mortar
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1 Wisconsin Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1061729Legacy Bank Branch2102 West Fond Du Lac, Milwaukee, WI 53206July 29, 1999Full Service Brick and Mortar
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