South Central Bank, National Association in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

South Central Bank, National Association - Overview

  • General
  • FDIC Certificate #: 19536
    Status: Active
    Federal Reserve ID: 18135
    Bank Holding Company (Regulatory Top Holder): First Business Bancorp Co. (RSSDID: 1889547, Location: Chicago, IL)
    Date Established: January 10, 1966
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 9744
    FDIC's unique #: 13336
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 10, 1966
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 525 West Roosevelt Road, Chicago, IL 60607
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $235.9 mil
    Equity capital: $21.2 mil
    Deposits held in domestic offices: $174.2 mil
    Return on assets (ROA): 0.61% ($1.4 mil)
    Quarterly return on assets: 0.84% ($2.0 mil)
    Return on Equity (ROE): 7.32% ($1.5 mil)
    Quarterly return on equity: 9.53% ($2.0 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.61% ($1,438.8 mil)
    Quarterly Pretax return on assets: 0.84% ($1,981.3 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
  • 53Total employees (full-time equivalent)
  • $235,866Total assets
  • $4,000Cash and due from depository institutions
  • $84Interest-bearing balances
  • $62,629Securities
  • $19,700Federal funds sold & reverse repurchase agreements
  • $128,822Net loans & leases
  • $1,448Loan loss allowance
  • $0Trading account assets
  • $12,093Bank premises and fixed assets
  • $864Other real estate owned
  • $0Goodwill and other intangibles
  • $235,866Life insurance assets
  • $7,758All other assets
  • $214,700Total liabilities and capital
  • $174,215Total liabilities
  • $116,667Total deposits
  • $174,215Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 17790.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $22,125Trading liabilities
  • $0Other borrowed funds
  • $570Subordinated debt
  • $21,166All other liabilities
  • $21,166Total equity capital
  • $21,166Total bank equity capital
  • $0Perpetual preferred stock
  • $456Common stock
  • $6,056Surplus
  • $14,654Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,320Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,338Income earned, not collected on loans
  • $103Earning assets
  • $1,024Long-term assets (5+ years)
  • $211,235Average Assets, year-to-date
  • $105,191Average Assets, quarterly
  • $237,854Volatile liabilities
  • $237,045Insider loans
  • $154,513FHLB advances
  • $234,880Loans and leases held for sale
  • $4,467Unused loan commitments
  • $4,467Tier 1 (core) risk-based capital
  • $19,673Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,975Restructured Loans and leases
  • $325Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,127Total interest income
  • $1,957Total interest expense
  • $9,170Net interest income
  • $460Provision for loan and lease losses
  • $1,398Total noninterest income
  • $0Fiduciary activities
  • $207Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,191Additional noninterest income
  • $8,654Total noninterest expense
  • $3,713Salaries and employee benefits
  • $1,298Premises and equipment expense
  • $3,643Additional noninterest expense
  • $1,454Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,454Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,454Net income attributable to bank
  • $0Net charge-offs
  • $1,454Cash dividends
  • $494Sale, conversion, retirement of capital stock, net
  • $949Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 4.33%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 4.08%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 7.32%Return on equity (ROE)
  • 2.54%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 93.12%Credit loss provision to net charge-offs
  • 3.87%Efficiency ratio
  • 81,889Assets per employee
  • 4.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.27%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 27.13%Noncurrent assets plus other real estate owned to assets
  • 2.63%Noncurrent loans to loans
  • 4.10%Net loans and leases to deposits
  • 73.94%Net loans and leases to core deposits
  • 85.67%Equity capital to assets
  • 8.97%Core capital (leverage) ratio
  • 8.38%Tier 1 risk-based capital ratio
  • 12.73%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $237,854Average earning assets
  • $19,874Average equity
  • $211,957Average loans

List of branches

  • 5 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013336South Central Bank, National Association525 West Roosevelt Road, Chicago, IL 60607January 10, 1966Full Service Brick and Mortar
    1248729South Halsted Branch3032 South Halsted Avenue, Chicago, IL 60608April 22, 1993Full Service Brick and Mortar
    2248730Chinatown Galleria Branch2335 South Wentworth Avenue, Chicago, IL 60616December 02, 1993Full Service Brick and Mortar
    3430836West Loop Branch160 N. Morgan Street, Chicago, IL 60607December 31, 2003Full Service Brick and Mortar
    5478467Bridgeport - 35th Street Branch808 W 35th Street, Chicago, IL 60605Febuary 25, 2008Full Service Brick and Mortar

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