The Foster Bank in Chicago, Illinois (IL), VA

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The Foster Bank
GeneralFDIC Certificate #: 27447
Status: Active
Federal Reserve ID: 1362246
Bank Holding Company (Regulatory Top Holder): Foster Bankshares, Inc. (RSSDID: 2938349, Location: Rolling Meadows, IL)
Date Established: Febuary 08, 1989
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 10 (Domestic: 10, Interstate: Yes)
OTS Docket #: 15513
FDIC's unique #: 39941
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: Febuary 08, 1989
Last Structure Change Effective Date: November 08, 2010
Last Structure Change Process Date: November 16, 2010
Last Data Update: November 16, 2010
Data Source Date: April 05, 2012
LocationAddress: 5233 North Kedzie Avenue, Chicago, IL 60625
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 ChangesChange in Location
Financial SummaryTotal assets: $468.2 mil
Equity capital: $35.4 mil
Deposits held in domestic offices: $368.2 mil
Return on assets (ROA): -2.75% (-$12.9 mil)
Quarterly return on assets: -9.01% (-$42.2 mil)
Return on Equity (ROE): -30.37% (-$10.6 mil)
Quarterly return on equity: -106.20% (-$37.2 mil)
Net income: -$14.1 mil
Quarterly Net income: -$10.9 mil
Pretax return on assets: -2.75% (-$12,874.2 mil)
Quarterly Pretax return on assets: -9.03% (-$42,274.3 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)
Total employees (full-time equivalent)114
Total assets$468,154
Cash and due from depository institutions$35,042
Interest-bearing balances$26,436
Federal funds sold & reverse repurchase agreements$500
Net loans & leases$389,366
Loan loss allowance $10,314
Trading account assets$0
Bank premises and fixed assets$10,091
Other real estate owned$11,837
Goodwill and other intangibles$234
All other assets$13,679
Life insurance assets$468,154
Total liabilities and capital$432,745
Total liabilities$368,184
Total deposits$264,293
Interest-bearing deposits$368,184
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$62,000
Other borrowed funds $0
Subordinated debt $2,561
All other liabilities $35,409
Total equity capital$35,409
Total bank equity capital$35,409
Perpetual preferred stock$0
Common stock$2,640
Undivided profits $15,319
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $42,212
Earning assets $0
Long-term assets (5+ years) $2,691
Average Assets, year-to-date $423,707
Average Assets, quarterly $7,879
Volatile liabilities $512,880
Insider loans $481,553
FHLB advances $393,284
Loans and leases held for sale $479,670
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $34,886
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $36,172
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $24,183
Total interest expense $3,346
Net interest income $20,837
Provision for loan and lease losses $16,475
Total noninterest income -$41
Fiduciary activities $0
Service charges on deposit accounts $2,524
Trading account gains & fees $0
Additional noninterest income -$2,565
Total noninterest expense $18,406
Salaries and employee benefits $7,915
Premises and equipment expense $2,775
Additional noninterest expense $7,716
Pre-tax net operating income -$14,085
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$14,085
Extraordinary gains - net $0
Net income attributable to bank -$14,085
Net charge-offs $0
Cash dividends -$14,085
Sale, conversion, retirement of capital stock, net $16,542
Net operating income $152
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.12%
Cost of funding earning assets 0.71%
Net interest margin 4.41%
Noninterest income to earning assets -0.01%
Noninterest expense to earning assets 3.90%
Net operating income to assets -2.75%
Return on assets (ROA) -2.75%
Pretax return on assets -2.75%
Return on equity (ROE) -30.37%
Retained earnings to average equity (YTD only) -30.70%
Net charge-offs to loans 3.71%
Credit loss provision to net charge-offs 99.59%
Efficiency ratio0.14%
Assets per employee$88,507
Cash dividends to net income (YTD only)4.11%
Condition Ratios (%)
Loss allowance to loans -1.08%
Loss allowance to noncurrent loans 2.58%
Noncurrent assets plus other real estate owned to assets 24.43%
Noncurrent loans to loans 11.55%
Net loans and leases to deposits10.56%
Net loans and leases to core deposits 105.75%
Equity capital to assets 129.98%
Core capital (leverage) ratio 7.56%
Tier 1 risk-based capital ratio 7.27%
Total risk-based capital ratio 8.87%
Average assets$10
Average earning assets$512,880
Average equity $46,379
Average loans $472,028
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9 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
039941The Foster Bank5233 North Kedzie Avenue, Chicago, IL 60625Febuary 08, 1989Full Service Brick and Mortar
236219Devon Branch4001 West Devon Avenue, Chicago, IL 60646Febuary 02, 1987Full Service Brick and Mortar
4262024Golf Mill Branch8504a W. Golf Road, Niles, IL 60714May 28, 1996Full Service Brick and Mortar
5340739Naperville Branch1504 North Naper Boulevard, Ste. 136, Naperville, IL 60563May 19, 2000Full Service Brick and Mortar
6423440Arlington Heights Branch83 West Golf Road, Arlington Heights, IL 60005July 17, 2003Full Service Brick and Mortar
7466345H Mart Branch801 Civic Center Drive, Ste. 155, Niles, IL 60714August 25, 2006Full Service Brick and Mortar
8466346Lincolnshire Branch255a Parkway Drive, Lincolnshire, IL 60069June 20, 2007Full Service Brick and Mortar
10512998Rolling Meadows Lpo Facility5005 Newport Drive, Rolling Meadows, IL 60008September 27, 2010Limited Service Loan Production
11521541Private Banking Center Branch5005 Newport Drive, Rolling Meadows, IL 60008August 16, 2010Full Service Brick and Mortar
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1 Virginia Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
9509809Annandale Va Branch7410-A Little River Turnpike, Annandale, VA 22003June 02, 2010Full Service Brick and Mortar
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