Waukegan Savings Bank in Waukegan, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Waukegan Savings Bank - Overview

  • General
  • FDIC Certificate #: 28243
    Status: Active
    Federal Reserve ID: 825977
    Date Established: January 01, 1924
    WWW: http://www.ibankwaukegan.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 1221
    FDIC's unique #: 41077
    Numeric code: 42
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 13, 1955
    Last Structure Change Effective Date: September 26, 2007
    Last Structure Change Process Date: October 12, 2007
    Last Data Update: October 12, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1324 Golf Road, Waukegan, IL 60085
    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
  • Name Change
  • Financial Summary
  • Total assets: $88.6 mil
    Equity capital: $2.6 mil
    Deposits held in domestic offices: $76.4 mil
    Return on assets (ROA): -2.11% (-$1.9 mil)
    Quarterly return on assets: -0.67% (-$0.6 mil)
    Return on Equity (ROE): -64.76% (-$1.9 mil)
    Quarterly return on equity: -22.32% (-$0.7 mil)
    Net income: -$1.9 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -2.11% (-$1,868.7 mil)
    Quarterly Pretax return on assets: -0.67% (-$593.4 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
  • 26Total employees (full-time equivalent)
  • $88,565Total assets
  • $6,892Cash and due from depository institutions
  • $6,326Interest-bearing balances
  • $9,388Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $63,677Net loans & leases
  • $1,008Loan loss allowance
  • $0Trading account assets
  • $4,216Bank premises and fixed assets
  • $1,885Other real estate owned
  • $0Goodwill and other intangibles
  • $88,565Life insurance assets
  • $2,507All other assets
  • $86,000Total liabilities and capital
  • $76,409Total liabilities
  • $72,194Total deposits
  • $76,409Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,000Trading liabilities
  • $0Other borrowed funds
  • $591Subordinated debt
  • $2,565All other liabilities
  • $2,565Total equity capital
  • $2,565Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $2,565Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,767Income earned, not collected on loans
  • $0Earning assets
  • $285Long-term assets (5+ years)
  • $79,391Average Assets, year-to-date
  • $56,962Average Assets, quarterly
  • $90,797Volatile liabilities
  • $88,178Insider loans
  • $56,497FHLB advances
  • $87,966Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,513Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,556Restructured Loans and leases
  • $46Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,712Total interest income
  • $1,003Total interest expense
  • $2,709Net interest income
  • $1,272Provision for loan and lease losses
  • $781Total noninterest income
  • $0Fiduciary activities
  • $61Service charges on deposit accounts
  • $0Trading account gains & fees
  • $720Additional noninterest income
  • $4,279Total noninterest expense
  • $1,511Salaries and employee benefits
  • $612Premises and equipment expense
  • $2,156Additional noninterest expense
  • -$2,061Pre-tax net operating income
  • $149Securities gains (losses)
  • $0Applicable income taxes
  • -$1,912Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,912Net income attributable to bank
  • $0Net charge-offs
  • -$1,912Cash dividends
  • $890Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 3.33%Net interest margin
  • 0.96%Noninterest income to earning assets
  • 5.27%Noninterest expense to earning assets
  • -2.27%Net operating income to assets
  • -2.11%Return on assets (ROA)
  • -2.11%Pretax return on assets
  • -64.76%Return on equity (ROE)
  • -64.76%Retained earnings to average equity (YTD only)
  • 1.37%Net charge-offs to loans
  • 142.92%Credit loss provision to net charge-offs
  • -0.89%Efficiency ratio
  • 122,607Assets per employee
  • 3.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 26.76%Noncurrent assets plus other real estate owned to assets
  • 6.38%Noncurrent loans to loans
  • 5.82%Net loans and leases to deposits
  • 83.34%Net loans and leases to core deposits
  • 88.23%Equity capital to assets
  • 2.90%Core capital (leverage) ratio
  • 2.86%Tier 1 risk-based capital ratio
  • 4.45%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $90,797Average earning assets
  • $2,953Average equity
  • $81,257Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041077Waukegan Savings Bank1324 Golf Road, Waukegan, IL 60085January 01, 1924Full Service Brick and Mortar
    2442350West Branch1075 N. Green Bay Road, Waukegan, IL 60085July 01, 2004Full Service Brick and Mortar

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