Seaway Bank and Trust Company in Chicago, Illinois (IL), WI
Overview, Financial Summary, Detailed Financial Reports, Branches

Seaway Bank and Trust Company - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 293Total employees (full-time equivalent)
  • $603,147Total assets
  • $13,355Cash and due from depository institutions
  • $1,926Interest-bearing balances
  • $218,250Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $295,841Net loans & leases
  • $6,561Loan loss allowance
  • $0Trading account assets
  • $10,187Bank premises and fixed assets
  • $3,172Other real estate owned
  • $0Goodwill and other intangibles
  • $603,147Life insurance assets
  • $62,342All other assets
  • $552,297Total liabilities and capital
  • $527,915Total liabilities
  • $466,529Total deposits
  • $527,915Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $4,382Subordinated debt
  • $50,850All other liabilities
  • $50,850Total equity capital
  • $50,850Total bank equity capital
  • $0Perpetual preferred stock
  • $851Common stock
  • $7,054Surplus
  • $42,945Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $61Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $59,666Income earned, not collected on loans
  • $0Earning assets
  • $2,867Long-term assets (5+ years)
  • $516,017Average Assets, year-to-date
  • $239,357Average Assets, quarterly
  • $616,285Volatile liabilities
  • $614,355Insider loans
  • $257,072FHLB advances
  • $633,359Loans and leases held for sale
  • $6,534Unused loan commitments
  • $6,534Tier 1 (core) risk-based capital
  • $49,339Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $57,237Restructured Loans and leases
  • $1,215Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $25,078Total interest income
  • $5,516Total interest expense
  • $19,562Net interest income
  • $4,050Provision for loan and lease losses
  • $22,175Total noninterest income
  • $250Fiduciary activities
  • $2,716Service charges on deposit accounts
  • $0Trading account gains & fees
  • $19,209Additional noninterest income
  • $27,410Total noninterest expense
  • $13,960Salaries and employee benefits
  • $3,492Premises and equipment expense
  • $9,958Additional noninterest expense
  • $10,277Pre-tax net operating income
  • $19Securities gains (losses)
  • $13Applicable income taxes
  • $10,283Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,283Net income attributable to bank
  • $0Net charge-offs
  • $10,283Cash dividends
  • $1,867Sale, conversion, retirement of capital stock, net
  • $1,059Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.72%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.68%Net interest margin
  • 4.17%Noninterest income to earning assets
  • 5.16%Noninterest expense to earning assets
  • 1.67%Net operating income to assets
  • 1.67%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 21.66%Return on equity (ROE)
  • 19.43%Retained earnings to average equity (YTD only)
  • 0.61%Net charge-offs to loans
  • 216.93%Credit loss provision to net charge-offs
  • 7.67%Efficiency ratio
  • 65,673Assets per employee
  • 2.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.30%Loss allowance to loans
  • 2.17%Loss allowance to noncurrent loans
  • 11.00%Noncurrent assets plus other real estate owned to assets
  • 10.42%Noncurrent loans to loans
  • 19.73%Net loans and leases to deposits
  • 56.04%Net loans and leases to core deposits
  • 78.74%Equity capital to assets
  • 8.43%Core capital (leverage) ratio
  • 7.79%Tier 1 risk-based capital ratio
  • 19.19%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $616,285Average earning assets
  • $47,472Average equity
  • $531,534Average 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
  • $80,471Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 54Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $80,471Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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
  • 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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