Second Federal Savings and Loan Association of Chicago in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Second Federal Savings and Loan Association of Chicago in Chicago, Illinois (IL)
  • Show street view No street view available for this location

Second Federal Savings and Loan Association of Chicago - Overview

  • General
  • FDIC Certificate #: 27986
    Status: Active
    Federal Reserve ID: 969675
    Date Established: January 01, 1923
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 679
    FDIC's unique #: 40820
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: November 02, 1934
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3960 W 26th St, Chicago, IL 60623
    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
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $198.2 mil
    Equity capital: $4.1 mil
    Deposits held in domestic offices: $170.9 mil
    Return on assets (ROA): -2.82% (-$5.6 mil)
    Quarterly return on assets: -4.61% (-$9.1 mil)
    Return on Equity (ROE): -80.72% (-$3.2 mil)
    Quarterly return on equity: -181.00% (-$7.2 mil)
    Net income: -$5.9 mil
    Quarterly Net income: -$2.3 mil
    Pretax return on assets: -2.82% (-$5,590.5 mil)
    Quarterly Pretax return on assets: -4.61% (-$9,139.0 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
  • 64Total employees (full-time equivalent)
  • $198,243Total assets
  • $11,338Cash and due from depository institutions
  • $576Interest-bearing balances
  • $18,473Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $147,405Net loans & leases
  • $3,799Loan loss allowance
  • $0Trading account assets
  • $5,651Bank premises and fixed assets
  • $9,819Other real estate owned
  • $100Goodwill and other intangibles
  • $198,243Life insurance assets
  • $5,457All other assets
  • $194,184Total liabilities and capital
  • $170,861Total liabilities
  • $160,728Total deposits
  • $170,861Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,205Trading liabilities
  • $0Other borrowed funds
  • $4,118Subordinated debt
  • $4,059All other liabilities
  • $4,059Total equity capital
  • $4,059Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $4,059Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,666Income earned, not collected on loans
  • $0Earning assets
  • $1,446Long-term assets (5+ years)
  • $166,454Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $208,426Volatile liabilities
  • $203,552Insider loans
  • $117,729FHLB advances
  • $198,179Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,270Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,439Restructured Loans and leases
  • $3,105Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,151Total interest income
  • $2,273Total interest expense
  • $6,878Net interest income
  • $3,086Provision for loan and lease losses
  • -$916Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$916Additional noninterest income
  • $8,761Total noninterest expense
  • $4,550Salaries and employee benefits
  • $1,452Premises and equipment expense
  • $2,759Additional noninterest expense
  • -$5,885Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$5,885Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,885Net income attributable to bank
  • $0Net charge-offs
  • -$5,885Cash dividends
  • $3,204Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.26%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 3.95%Net interest margin
  • -0.53%Noninterest income to earning assets
  • 5.04%Noninterest expense to earning assets
  • -2.82%Net operating income to assets
  • -2.82%Return on assets (ROA)
  • -2.82%Pretax return on assets
  • -80.72%Return on equity (ROE)
  • -80.72%Retained earnings to average equity (YTD only)
  • 2.01%Net charge-offs to loans
  • 96.32%Credit loss provision to net charge-offs
  • -0.87%Efficiency ratio
  • 146,947Assets per employee
  • 3.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.51%Loss allowance to noncurrent loans
  • 27.80%Noncurrent assets plus other real estate owned to assets
  • 11.85%Noncurrent loans to loans
  • 9.04%Net loans and leases to deposits
  • 86.27%Net loans and leases to core deposits
  • 87.41%Equity capital to assets
  • 2.05%Core capital (leverage) ratio
  • 2.02%Tier 1 risk-based capital ratio
  • 2.78%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $208,426Average earning assets
  • $7,290Average equity
  • $173,923Average loans

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040820Second Federal Savings And Loan Asso3960 W 26th St, Chicago, IL 60623January 01, 1923Full Service Brick and Mortar
    101264453Cicero Branch4811 West Cermak Road, Cicero, IL 60804September 27, 1993Full Service Brick and Mortar
    103359072South Archer Branch4281 S Archer Ave, Chicago, IL 60632June 30, 2000Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Second Federal Savings and Loan Association of Chicago.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents