Town Center Bank in Frankfort, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Town Center Bank - Overview

  • General
  • FDIC Certificate #: 58214
    Status: Active
    Federal Reserve ID: 3459216
    Date Established: September 18, 2006
    WWW: http://www.towncenterbank.net
    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 #: 442525
    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: September 18, 2006
    Last Structure Change Effective Date: October 09, 2009
    Last Structure Change Process Date: September 30, 2010
    Last Data Update: September 30, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 20181 S Lagrange Road, Frankfort, IL 60423
    County: Will
    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 Location
  • Financial Summary
  • Total assets: $116.8 mil
    Equity capital: $10.1 mil
    Deposits held in domestic offices: $100.9 mil
    Return on assets (ROA): -2.41% (-$2.8 mil)
    Quarterly return on assets: 0.40% ($0.5 mil)
    Return on Equity (ROE): -27.82% (-$2.8 mil)
    Quarterly return on equity: 4.58% ($0.5 mil)
    Net income: -$3.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -2.41% (-$2,814.8 mil)
    Quarterly Pretax return on assets: 0.40% ($467.2 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
  • 17Total employees (full-time equivalent)
  • $116,798Total assets
  • $4,561Cash and due from depository institutions
  • $3,108Interest-bearing balances
  • $27,231Securities
  • $975Federal funds sold & reverse repurchase agreements
  • $77,536Net loans & leases
  • $2,120Loan loss allowance
  • $0Trading account assets
  • $694Bank premises and fixed assets
  • $3,704Other real estate owned
  • $0Goodwill and other intangibles
  • $116,798Life insurance assets
  • $2,097All other assets
  • $106,672Total liabilities and capital
  • $100,917Total liabilities
  • $89,700Total deposits
  • $100,917Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,250Trading liabilities
  • $0Other borrowed funds
  • $505Subordinated debt
  • $10,126All other liabilities
  • $10,126Total equity capital
  • $10,126Total bank equity capital
  • $0Perpetual preferred stock
  • $2,173Common stock
  • $20,362Surplus
  • $-12,409Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,010Income earned, not collected on loans
  • $0Earning assets
  • $345Long-term assets (5+ years)
  • $108,850Average Assets, year-to-date
  • $28,557Average Assets, quarterly
  • $128,745Volatile liabilities
  • $117,501Insider loans
  • $91,505FHLB advances
  • $118,619Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,975Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,531Restructured Loans and leases
  • $2,388Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,172Total interest income
  • $1,225Total interest expense
  • $3,947Net interest income
  • $2,239Provision for loan and lease losses
  • $567Total noninterest income
  • $0Fiduciary activities
  • $118Service charges on deposit accounts
  • $0Trading account gains & fees
  • $449Additional noninterest income
  • $5,682Total noninterest expense
  • $1,367Salaries and employee benefits
  • $446Premises and equipment expense
  • $3,869Additional noninterest expense
  • -$3,407Pre-tax net operating income
  • $310Securities gains (losses)
  • $0Applicable income taxes
  • -$3,097Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,097Net income attributable to bank
  • $0Net charge-offs
  • -$3,097Cash dividends
  • $2,456Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.32%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 4.74%Noninterest expense to earning assets
  • -2.65%Net operating income to assets
  • -2.41%Return on assets (ROA)
  • -2.41%Pretax return on assets
  • -27.82%Return on equity (ROE)
  • -27.82%Retained earnings to average equity (YTD only)
  • 2.89%Net charge-offs to loans
  • 91.16%Credit loss provision to net charge-offs
  • -0.48%Efficiency ratio
  • 125,875Assets per employee
  • 6.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.66%Loss allowance to noncurrent loans
  • 52.87%Noncurrent assets plus other real estate owned to assets
  • 6.60%Noncurrent loans to loans
  • 5.03%Net loans and leases to deposits
  • 76.83%Net loans and leases to core deposits
  • 81.32%Equity capital to assets
  • 8.67%Core capital (leverage) ratio
  • 8.41%Tier 1 risk-based capital ratio
  • 10.90%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $128,745Average earning assets
  • $11,133Average equity
  • $119,819Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0442525Town Center Bank20181 S Lagrange Road, Frankfort, IL 60423September 18, 2006Full Service Brick and Mortar
    1456022New Lenox Branch1938 East Lincoln Highway, Suite 101, New Lenox, IL 60451October 16, 2006Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Town Center Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents