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


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

  • General
  • FDIC Certificate #: 30570
    Status: Active
    Federal Reserve ID: 309972
    Date Established: January 01, 1913
    WWW: http://www.wafedbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 12269
    FDIC's unique #: 43404
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 27, 1961
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2869 South Archer Ave, 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
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $107.5 mil
    Equity capital: $10.5 mil
    Deposits held in domestic offices: $96.3 mil
    Return on assets (ROA): 1.40% ($1.5 mil)
    Quarterly return on assets: 1.02% ($1.1 mil)
    Return on Equity (ROE): 14.72% ($1.5 mil)
    Quarterly return on equity: 10.54% ($1.1 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 2.31% ($2,483.0 mil)
    Quarterly Pretax return on assets: 1.62% ($1,741.3 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
  • 18Total employees (full-time equivalent)
  • $107,488Total assets
  • $9,699Cash and due from depository institutions
  • $7,705Interest-bearing balances
  • $14Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $92,448Net loans & leases
  • $519Loan loss allowance
  • $0Trading account assets
  • $2,741Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $107,488Life insurance assets
  • $2,586All other assets
  • $97,029Total liabilities and capital
  • $96,257Total liabilities
  • $95,574Total deposits
  • $96,257Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $772Subordinated debt
  • $10,459All other liabilities
  • $10,459Total equity capital
  • $10,459Total bank equity capital
  • $0Perpetual preferred stock
  • $14Common stock
  • $1,147Surplus
  • $9,298Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $456Long-term assets (5+ years)
  • $100,167Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $102,858Volatile liabilities
  • $106,793Insider loans
  • $54,031FHLB advances
  • $107,488Loans and leases held for sale
  • $706Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,226Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $411Restructured Loans and leases
  • $475Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,287Total interest income
  • $1,376Total interest expense
  • $4,911Net interest income
  • $3Provision for loan and lease losses
  • $148Total noninterest income
  • $0Fiduciary activities
  • $3Service charges on deposit accounts
  • $0Trading account gains & fees
  • $145Additional noninterest income
  • $2,683Total noninterest expense
  • $1,402Salaries and employee benefits
  • $635Premises and equipment expense
  • $646Additional noninterest expense
  • $2,373Pre-tax net operating income
  • $0Securities gains (losses)
  • $936Applicable income taxes
  • $1,437Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,437Net income attributable to bank
  • $0Net charge-offs
  • $1,437Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.55%Yield on earning assets
  • 1.43%Cost of funding earning assets
  • 5.12%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.80%Noninterest expense to earning assets
  • 1.40%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 2.31%Pretax return on assets
  • 14.72%Return on equity (ROE)
  • 14.72%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 53,034Assets per employee
  • 5.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.56%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 96.04%Net loans and leases to core deposits
  • 104.16%Equity capital to assets
  • 9.73%Core capital (leverage) ratio
  • 9.73%Tier 1 risk-based capital ratio
  • 18.93%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $102,858Average earning assets
  • $9,762Average equity
  • $95,914Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    043404Washington Federal Bank For Savings2869 South Archer Ave, Chicago, IL 60608January 01, 1913Full Service Brick and Mortar
    1432428West Taylor Branch1410 West Taylor Street, Chicago, IL 60607May 24, 2004Full Service Brick and Mortar

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