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

This bank is inactive as of June 30, 1998

  • Southwest Federal Savings and Loan Association of Chicago in Chicago, Illinois (IL)
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Southwest Federal Savings and Loan Association of Chicago - Overview

  • General
  • FDIC Certificate #: 29414
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Liberty Federal Bank (#28902)
    Federal Reserve ID: 493479
    Date Established: January 01, 1893
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3417
    FDIC's unique #: 42248
    Numeric code: 37
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: September 20, 1937
    Last Structure Change Effective Date: June 30, 1998
    Last Structure Change Process Date: August 28, 1998
    Last Data Update: August 28, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 3525 West 63rd St, Chicago, IL 60629
    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: $385.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 93Total employees (full-time equivalent)
  • $360,734Total assets
  • $13,743Cash and due from depository institutions
  • $6,338Interest-bearing balances
  • $59,454Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $269,433Net loans & leases
  • $775Loan loss allowance
  • $0Trading account assets
  • $2,907Bank premises and fixed assets
  • $3,426Other real estate owned
  • $29Goodwill and other intangibles
  • $0Life insurance assets
  • $11,742All other assets
  • $360,734Total liabilities and capital
  • $327,951Total liabilities
  • $289,436Total deposits
  • $284,100Interest-bearing deposits
  • $289,436Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $34,170Other borrowed funds
  • $0Subordinated debt
  • $4,345All other liabilities
  • $32,783Total equity capital
  • $32,783Total bank equity capital
  • $32,783Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $14,100Undivided profits
  • Memoranda
  • $18,682Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $671Earning assets
  • $0Long-term assets (5+ years)
  • $1,477Average Assets, year-to-date
  • $335,225Average Assets, quarterly
  • $0Volatile liabilities
  • $367,184Insider loans
  • $363,916FHLB advances
  • $71,742Loans and leases held for sale
  • $176Unused loan commitments
  • $33,850Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $20,377Total unused commitments
  • $0Restructured Loans and leases
  • $217,388Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $27,417Total interest income
  • $16,134Total interest expense
  • $11,283Net interest income
  • $24Provision for loan and lease losses
  • $1,488Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,488Additional noninterest income
  • $7,114Total noninterest expense
  • $4,172Salaries and employee benefits
  • $1,894Premises and equipment expense
  • $1,048Additional noninterest expense
  • $5,633Pre-tax net operating income
  • -$3Securities gains (losses)
  • $1,845Applicable income taxes
  • $3,785Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,785Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $3,000Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.01%Yield on earning assets
  • 4.71%Cost of funding earning assets
  • 3.30%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.08%Noninterest expense to earning assets
  • 1.03%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 11.87%Return on equity (ROE)
  • 2.46%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 55,704Assets per employee
  • 3.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 79.26%Loss allowance to loans
  • 0.29%Loss allowance to noncurrent loans
  • 115.50%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 93.09%Net loans and leases to core deposits
  • 106.98%Equity capital to assets
  • 9.09%Core capital (leverage) ratio
  • 8.20%Tier 1 risk-based capital ratio
  • 13.47%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $367,184Average earning assets
  • $31,878Average equity
  • $342,187Average loans

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