West Suburban Bank of Carol Stream/Stratford Square in Bloomingdale, Illinois (IL)



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West Suburban Bank of Carol Stream/Stratford Square
GeneralFDIC Certificate #: 22150
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: West Suburban Bank (#18509)
Federal Reserve ID: 511430
Date Established: October 24, 1975
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
FDIC's unique #: 15387
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: October 24, 1975
Last Structure Change Effective Date: May 16, 1997
Last Structure Change Process Date: May 30, 1997
Last Data Update: May 30, 1997
Data Source Date: April 05, 2012
LocationAddress: 355 West Army Trail Road, Bloomingdale, IL 60108
County: Dupage
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)
Financial SummaryTotal assets: $214.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$82
Cash and due from depository institutions$214,295
Interest-bearing balances$11,602
Securities$0
Federal funds sold & reverse repurchase agreements$67,707
Net loans & leases$12,885
Loan loss allowance $116,633
Trading account assets$1,233
Bank premises and fixed assets$0
Other real estate owned$2,199
Goodwill and other intangibles$29
All other assets$0
Life insurance assets$3,240
Total liabilities and capital$0
Total liabilities$214,295
Total deposits$197,910
Interest-bearing deposits$194,612
Deposits held in domestic offices$170,440
% insured (estimated)194612.00%
Federal funds purchased & repurchase agreements $78
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,907
All other liabilities $0
Total equity capital$1,391
Total bank equity capital$1,391
Perpetual preferred stock$16,385
Common stock$0
Surplus$1,274
Undivided profits $9,176
Memoranda
Noncurrent loans and leases $5,935
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,947
Earning assets $898
Long-term assets (5+ years) $197,225
Average Assets, year-to-date $34,996
Average Assets, quarterly $200,553
Volatile liabilities $207,308
Insider loans $23,700
FHLB advances $1,057
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $49,720
Tier 2 risk-based capital $0
Total risk weighted assets $16,490
Total unused commitments $150,036
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $14,216
Net interest income $5,765
Provision for loan and lease losses $8,451
Total noninterest income $153
Fiduciary activities $1,535
Service charges on deposit accounts $0
Trading account gains & fees $1,011
Additional noninterest income $0
Total noninterest expense $524
Salaries and employee benefits $5,613
Premises and equipment expense $2,275
Additional noninterest expense $665
Pre-tax net operating income $2,673
Securities gains (losses) $4,220
Applicable income taxes $56
Income before extraordinary items $1,434
Extraordinary gains - net $2,842
Net income attributable to bank $0
Net charge-offs $2,842
Cash dividends $81
Sale, conversion, retirement of capital stock, net $1,465
Net operating income $0
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.76%
Net interest margin 3.15%
Noninterest income to earning assets 4.62%
Noninterest expense to earning assets 0.84%
Net operating income to assets 3.07%
Return on assets (ROA) 1.40%
Pretax return on assets 1.42%
Return on equity (ROE) 2.13%
Retained earnings to average equity (YTD only) 18.20%
Net charge-offs to loans 8.82%
Credit loss provision to net charge-offs 0.07%
Efficiency ratio188.89%
Assets per employee$56,209
Cash dividends to net income (YTD only)2.61%
Condition Ratios (%)
Loss allowance to loans 51.55%
Loss allowance to noncurrent loans 1.05%
Noncurrent assets plus other real estate owned to assets 41.84%
Noncurrent loans to loans 1.39%
Net loans and leases to deposits2.50%
Net loans and leases to core deposits 59.93%
Equity capital to assets 67.49%
Core capital (leverage) ratio 7.65%
Tier 1 risk-based capital ratio 7.99%
Total risk-based capital ratio 10.99%
Memoranda
Average assets$12
Average earning assets$200,553
Average equity $15,615
Average loans $183,095
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