The First Commercial Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 30, 2011

  • The First Commercial Bank in Chicago, Illinois (IL)
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The First Commercial Bank - Overview

  • General
  • FDIC Certificate #: 16488
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: North Community Bank (#20624)
    Federal Reserve ID: 48730
    Date Established: September 26, 1946
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 10988
    FDIC's unique #: 10649
    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: September 28, 1946
    Last Structure Change Effective Date: March 30, 2011
    Last Structure Change Process Date: April 12, 2011
    Last Data Update: April 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 6945 North Clark Street, Chicago, IL 60626
    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: $268.6 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, 2010)

  • Dollar figures in thousands
  • 62Total employees (full-time equivalent)
  • $268,597Total assets
  • $4,064Cash and due from depository institutions
  • $1,155Interest-bearing balances
  • $5,327Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $223,559Net loans & leases
  • $5,090Loan loss allowance
  • $0Trading account assets
  • $6,859Bank premises and fixed assets
  • $15,208Other real estate owned
  • $0Goodwill and other intangibles
  • $255Life insurance assets
  • $13,580All other assets
  • $268,596Total liabilities and capital
  • $242,774Total liabilities
  • $218,563Total deposits
  • $179,962Interest-bearing deposits
  • $218,563Deposits held in domestic offices
  • 96.17%% insured (estimated)
  • $23,545Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $666All other liabilities
  • $25,822Total equity capital
  • $25,822Total bank equity capital
  • $25,822Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $27,865Undivided profits
  • Memoranda
  • $-3,043Noncurrent loans and leases
  • $1,359Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $29,070Earning assets
  • $0Long-term assets (5+ years)
  • $1,036Average Assets, year-to-date
  • $230,041Average Assets, quarterly
  • $13,151Volatile liabilities
  • $294,537Insider loans
  • $273,417FHLB advances
  • $69,530Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $898Total risk weighted assets
  • $1,359Total unused commitments
  • $20,065Restructured Loans and leases
  • $2,723Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $13,574Total interest income
  • $2,392Total interest expense
  • $11,182Net interest income
  • $22,313Provision for loan and lease losses
  • -$3,133Total noninterest income
  • $0Fiduciary activities
  • $623Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$3,756Additional noninterest income
  • $9,105Total noninterest expense
  • $3,437Salaries and employee benefits
  • $1,265Premises and equipment expense
  • $4,403Additional noninterest expense
  • -$23,369Pre-tax net operating income
  • $360Securities gains (losses)
  • -$7,977Applicable income taxes
  • -$15,032Income before extraordinary items
  • $0Extraordinary gains - net
  • -$15,032Net income attributable to bank
  • $0Net charge-offs
  • -$15,032Cash dividends
  • $20,439Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 4.34%Net interest margin
  • -1.22%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • -5.18%Net operating income to assets
  • -5.10%Return on assets (ROA)
  • -7.81%Pretax return on assets
  • -58.96%Return on equity (ROE)
  • -58.96%Retained earnings to average equity (YTD only)
  • 8.15%Net charge-offs to loans
  • 109.17%Credit loss provision to net charge-offs
  • -0.05%Efficiency ratio
  • 113,120Assets per employee
  • 4.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.23%Loss allowance to noncurrent loans
  • 17.51%Noncurrent assets plus other real estate owned to assets
  • 16.48%Noncurrent loans to loans
  • 12.71%Net loans and leases to deposits
  • 102.29%Net loans and leases to core deposits
  • 129.54%Equity capital to assets
  • 9.61%Core capital (leverage) ratio
  • 9.62%Tier 1 risk-based capital ratio
  • 11.97%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $294,537Average earning assets
  • $25,496Average equity
  • $257,503Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $3,020Managed 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
  • 21Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,020Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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