FDIC Certificate #: 34705 Status: Inactive Closing history: Corrections Acquiring institution:First American Bank (#3657) Federal Reserve ID: 2846453 Date Established: March 22, 2000 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 61309 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: March 22, 2000 Last Structure Change Effective Date: January 15, 2010 Last Structure Change Process Date: January 19, 2010 Last Data Update: January 19, 2010 Data Source Date: April 05, 2012
Location
Address: 41412 North Highway 83, Antioch, IL 60002 County: Lake 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: Lake County-Kenosha County, IL-WI (#29404)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $70.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
12Total employees (full-time equivalent)
$70,758Total assets
$10,931Cash and due from depository institutions
$10,494Interest-bearing balances
$1,545Securities
$0Federal funds sold & reverse repurchase agreements
$53,954Net loans & leases
$1,468Loan loss allowance
$0Trading account assets
$3,559Bank premises and fixed assets
$200Other real estate owned
$196Goodwill and other intangibles
$0Life insurance assets
$373All other assets
$70,758Total liabilities and capital
$68,956Total liabilities
$68,323Total deposits
$65,404Interest-bearing deposits
$68,323Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$633All other liabilities
$1,802Total equity capital
$1,802Total bank equity capital
$1,802Perpetual preferred stock
$0Common stock
$1,662Surplus
$10,125Undivided profits
Memoranda
$-9,985Noncurrent loans and leases
$1,644Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,308Earning assets
$0Long-term assets (5+ years)
$233Average Assets, year-to-date
$65,993Average Assets, quarterly
$483Volatile liabilities
$74,889Insider loans
$70,185FHLB advances
$29,834Loans and leases held for sale
$4,851Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,644Total unused commitments
$0Restructured Loans and leases
$731Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$3,435Total interest income
$1,954Total interest expense
$1,481Net interest income
$2,204Provision for loan and lease losses
$79Total noninterest income
$0Fiduciary activities
$57Service charges on deposit accounts
$0Trading account gains & fees
$22Additional noninterest income
$2,370Total noninterest expense
$943Salaries and employee benefits
$321Premises and equipment expense
$1,106Additional noninterest expense
-$3,014Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$3,014Income before extraordinary items
$0Extraordinary gains - net
-$3,014Net income attributable to bank
$0Net charge-offs
-$3,014Cash dividends
$4,443Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.96%Yield on earning assets
2.82%Cost of funding earning assets
2.14%Net interest margin
0.11%Noninterest income to earning assets
3.42%Noninterest expense to earning assets
-4.02%Net operating income to assets
-4.02%Return on assets (ROA)
-4.02%Pretax return on assets
-92.27%Return on equity (ROE)
-92.27%Retained earnings to average equity (YTD only)
7.12%Net charge-offs to loans
49.61%Credit loss provision to net charge-offs
-0.18%Efficiency ratio
151,923Assets per employee
5.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.65%Loss allowance to noncurrent loans
15.77%Noncurrent assets plus other real estate owned to assets
13.44%Noncurrent loans to loans
16.79%Net loans and leases to deposits
78.97%Net loans and leases to core deposits
140.18%Equity capital to assets
2.55%Core capital (leverage) ratio
2.23%Tier 1 risk-based capital ratio
2.78%Total risk-based capital ratio
Memoranda
$4Average assets
$74,889Average earning assets
$3,266Average equity
$69,272Average loans
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