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- Banks in Illinois (IL)
- ShoreBank
ShoreBank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of August 20, 2010
- ShoreBank in Chicago, Illinois (IL)
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ShoreBank - Overview
- General
- FDIC Certificate #: 15640
Status: Inactive
Closing history: Absorption - Assisted
Acquiring institution: Urban Partnership Bank (#59051)
Federal Reserve ID: 141734
Date Established: January 21, 1939
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 15 (Interstate: No)
OTS Docket #: 10686
FDIC's unique #: 9919
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: January 21, 1939
Last Structure Change Effective Date: August 20, 2010
Last Structure Change Process Date: August 23, 2010
Last Data Update: August 23, 2010
Data Source Date: April 05, 2012 - Location
- Address: 7054 South Jeffery Avenue, Chicago, IL 60649
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: $2,166.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
- Dollar figures in thousands
- 366Total employees (full-time equivalent)
- $2,246,737Total assets
- $147,293Cash and due from depository institutions
- $120,590Interest-bearing balances
- $652,543Securities
- $35,000Federal funds sold & reverse repurchase agreements
- $1,316,181Net loans & leases
- $80,047Loan loss allowance
- $0Trading account assets
- $21,726Bank premises and fixed assets
- $3,066Other real estate owned
- $1,314Goodwill and other intangibles
- $16,062Life insurance assets
- $69,614All other assets
- $2,246,737Total liabilities and capital
- $2,210,453Total liabilities
- $1,603,248Total deposits
- $1,568,529Interest-bearing deposits
- $1,603,248Deposits held in domestic offices
- 85.99%% insured (estimated)
- $400,250Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $194,138Other borrowed funds
- $0Subordinated debt
- $12,817All other liabilities
- $36,284Total equity capital
- $36,284Total bank equity capital
- $36,284Perpetual preferred stock
- $15,615Common stock
- $1,354Surplus
- $99,859Undivided profits
- Memoranda
- $-80,544Noncurrent loans and leases
- $33,713Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $315,837Earning assets
- $4,644Long-term assets (5+ years)
- $10,313Average Assets, year-to-date
- $2,124,314Average Assets, quarterly
- $925,075Volatile liabilities
- $2,512,122Insider loans
- $2,396,317FHLB advances
- $650,692Loans and leases held for sale
- $8,204Unused loan commitments
- $193,982Tier 1 (core) risk-based capital
- $20,000Tier 2 risk-based capital
- $0Total risk weighted assets
- $33,713Total unused commitments
- $90,319Restructured Loans and leases
- $17,250Derivatives
Income and Expense (December 31, 2009)
- Dollar figures in thousands
- $119,190Total interest income
- $69,958Total interest expense
- $49,232Net interest income
- $101,024Provision for loan and lease losses
- $2,621Total noninterest income
- $3Fiduciary activities
- $3,465Service charges on deposit accounts
- $0Trading account gains & fees
- -$847Additional noninterest income
- $67,944Total noninterest expense
- $25,722Salaries and employee benefits
- $5,077Premises and equipment expense
- $37,145Additional noninterest expense
- -$117,115Pre-tax net operating income
- $13,886Securities gains (losses)
- $2,077Applicable income taxes
- -$105,306Income before extraordinary items
- $0Extraordinary gains - net
- -$105,306Net income attributable to bank
- $0Net charge-offs
- -$105,306Cash dividends
- $66,677Sale, conversion, retirement of capital stock, net
- $2,219Net operating income
Performance and Condition Ratios (December 31, 2009)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 5.03%Yield on earning assets
- 2.95%Cost of funding earning assets
- 2.08%Net interest margin
- 0.11%Noninterest income to earning assets
- 2.87%Noninterest expense to earning assets
- -4.74%Net operating income to assets
- -4.19%Return on assets (ROA)
- -4.11%Pretax return on assets
- -83.82%Return on equity (ROE)
- -85.59%Retained earnings to average equity (YTD only)
- 4.48%Net charge-offs to loans
- 151.51%Credit loss provision to net charge-offs
- -0.24%Efficiency ratio
- 106,499Assets per employee
- 6.14%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- -2.11%Loss allowance to loans
- 5.73%Loss allowance to noncurrent loans
- 25.34%Noncurrent assets plus other real estate owned to assets
- 14.19%Noncurrent loans to loans
- 22.62%Net loans and leases to deposits
- 82.09%Net loans and leases to core deposits
- 97.28%Equity capital to assets
- 1.61%Core capital (leverage) ratio
- 1.83%Tier 1 risk-based capital ratio
- 3.31%Total risk-based capital ratio
- Memoranda
- $5Average assets
- $2,512,122Average earning assets
- $125,631Average equity
- $2,367,535Average loans
Total Fiduciary and Related Assets (December 31, 2009)
- Dollar figures in thousands
- $1Total fiduciary and related assets
- 1Number of Fiduciary Accounts and Related Asset Accounts
- YesFiduciary powers granted
- YesFiduciary or related activity
- $294,765Managed 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
- 2Number of Accounts
- $0Personal trust and agency accounts
- $0Employee benefit-defined contribution accounts
- $0Employee benefit-defined benefit accounts
- $294,765Other retirement accounts
- $0Corporate trust and agency accounts
- $0Other fiduciary accounts
- $0Fiduciary accounts held in foreign offices
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- Banks in Illinois (IL)
- ShoreBank
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