Signature Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Signature Bank - Overview

  • General
  • FDIC Certificate #: 58264
    Status: Active
    Federal Reserve ID: 3437483
    Bank Holding Company (Regulatory Top Holder): Signature Bancorporation, Inc. (RSSDID: 3437492, Location: Chicago, IL)
    Date Established: August 04, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 444903
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 04, 2006
    Last Structure Change Effective Date: August 04, 2006
    Last Structure Change Process Date: July 03, 2008
    Last Data Update: July 03, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 6400 North Northwest Highway, Chicago, IL 60631
    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 Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $338.0 mil
    Equity capital: $44.7 mil
    Deposits held in domestic offices: $292.1 mil
    Return on assets (ROA): 0.86% ($2.9 mil)
    Quarterly return on assets: 0.79% ($2.7 mil)
    Return on Equity (ROE): 7.09% ($3.2 mil)
    Quarterly return on equity: 5.70% ($2.6 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.49% ($5,036.2 mil)
    Quarterly Pretax return on assets: 1.35% ($4,563.0 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
  • 29Total employees (full-time equivalent)
  • $337,998Total assets
  • $79,915Cash and due from depository institutions
  • $76,345Interest-bearing balances
  • $12,564Securities
  • $195Federal funds sold & reverse repurchase agreements
  • $238,992Net loans & leases
  • $4,168Loan loss allowance
  • $0Trading account assets
  • $544Bank premises and fixed assets
  • $1,153Other real estate owned
  • $0Goodwill and other intangibles
  • $337,999Life insurance assets
  • $4,635All other assets
  • $293,254Total liabilities and capital
  • $292,050Total liabilities
  • $242,443Total deposits
  • $292,050Interest-bearing deposits
  • $71Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,204Subordinated debt
  • $44,745All other liabilities
  • $44,745Total equity capital
  • $44,745Total bank equity capital
  • $11,250Perpetual preferred stock
  • $3,180Common stock
  • $29,241Surplus
  • $1,074Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,560Income earned, not collected on loans
  • $0Earning assets
  • $1,033Long-term assets (5+ years)
  • $328,096Average Assets, year-to-date
  • $18,028Average Assets, quarterly
  • $301,767Volatile liabilities
  • $322,295Insider loans
  • $257,317FHLB advances
  • $327,506Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $42,862Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $55,694Restructured Loans and leases
  • $4,379Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,599Total interest income
  • $2,687Total interest expense
  • $10,912Net interest income
  • $1,444Provision for loan and lease losses
  • $733Total noninterest income
  • $0Fiduciary activities
  • $633Service charges on deposit accounts
  • $0Trading account gains & fees
  • $100Additional noninterest income
  • $5,700Total noninterest expense
  • $3,077Salaries and employee benefits
  • $446Premises and equipment expense
  • $2,177Additional noninterest expense
  • $4,501Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,903Applicable income taxes
  • $2,598Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,598Net income attributable to bank
  • $0Net charge-offs
  • $2,598Cash dividends
  • $1,082Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.76%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 1.96%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 7.09%Return on equity (ROE)
  • 7.09%Retained earnings to average equity (YTD only)
  • 0.47%Net charge-offs to loans
  • 133.46%Credit loss provision to net charge-offs
  • 5.49%Efficiency ratio
  • 48,948Assets per employee
  • 11.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 48.69%Noncurrent assets plus other real estate owned to assets
  • 2.87%Noncurrent loans to loans
  • 3.52%Net loans and leases to deposits
  • 81.83%Net loans and leases to core deposits
  • 98.80%Equity capital to assets
  • 13.24%Core capital (leverage) ratio
  • 13.09%Tier 1 risk-based capital ratio
  • 16.66%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $301,767Average earning assets
  • $36,620Average equity
  • $290,364Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0444903Signature Bank6400 North Northwest Highway, Chicago, IL 60631August 04, 2006Full Service Brick and Mortar
    1478895Wigwam Branch191 N. Wacker Drive, Chicago, IL 60606November 05, 2007Full Service Brick and Mortar

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