Universal Federal Savings Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 28, 2002

  • Universal Federal Savings Bank in Chicago, Illinois (IL)
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Universal Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29355
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Chicago Community Bank (#14267)
    Federal Reserve ID: 150679
    Date Established: January 01, 1923
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3327
    FDIC's unique #: 42189
    Numeric code: 34
    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: March 05, 1938
    Last Structure Change Effective Date: June 28, 2002
    Last Structure Change Process Date: July 16, 2002
    Last Data Update: July 16, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 1800 S Halsted St, Chicago, IL 60608
    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 Changes
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $51.6 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, 2001)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $50,910Total assets
  • $3,484Cash and due from depository institutions
  • $1,237Interest-bearing balances
  • $1,865Securities
  • $200Federal funds sold & reverse repurchase agreements
  • $42,311Net loans & leases
  • $95Loan loss allowance
  • $0Trading account assets
  • $1,924Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,126All other assets
  • $50,910Total liabilities and capital
  • $45,692Total liabilities
  • $39,791Total deposits
  • $38,971Interest-bearing deposits
  • $39,791Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,507Other borrowed funds
  • $0Subordinated debt
  • $394All other liabilities
  • $5,218Total equity capital
  • $5,218Total bank equity capital
  • $5,218Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $5,218Noncurrent loans and leases
  • $285Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $362Earning assets
  • $0Long-term assets (5+ years)
  • $258Average Assets, year-to-date
  • $45,613Average Assets, quarterly
  • $0Volatile liabilities
  • $48,177Insider loans
  • $49,924FHLB advances
  • $16,965Loans and leases held for sale
  • $0Unused loan commitments
  • $5,507Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $285Total unused commitments
  • $0Restructured Loans and leases
  • $95Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $3,356Total interest income
  • $1,855Total interest expense
  • $1,501Net interest income
  • $48Provision for loan and lease losses
  • $91Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $91Additional noninterest income
  • $1,215Total noninterest expense
  • $641Salaries and employee benefits
  • $401Premises and equipment expense
  • $173Additional noninterest expense
  • $329Pre-tax net operating income
  • -$2Securities gains (losses)
  • $123Applicable income taxes
  • $204Income before extraordinary items
  • $0Extraordinary gains - net
  • $204Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $42Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.71%Yield on earning assets
  • 4.26%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 0.43%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 4.00%Return on equity (ROE)
  • 4.00%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 114.29%Credit loss provision to net charge-offs
  • 8.98%Efficiency ratio
  • 76,319Assets per employee
  • 3.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.22%Loss allowance to noncurrent loans
  • 26.24%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 0.85%Net loans and leases to deposits
  • 106.33%Net loans and leases to core deposits
  • 149.33%Equity capital to assets
  • 10.25%Core capital (leverage) ratio
  • 10.25%Tier 1 risk-based capital ratio
  • 20.35%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $48,177Average earning assets
  • $5,104Average equity
  • $43,512Average loans

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