West Town Savings Bank in Cicero, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • West Town Savings Bank in Cicero, Illinois (IL)
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West Town Savings Bank - Overview

  • General
  • FDIC Certificate #: 28151
    Status: Active
    Federal Reserve ID: 857576
    Date Established: January 01, 1922
    WWW: http://www.westtownsavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 1001
    FDIC's unique #: 40985
    Numeric code: 41
    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: March 26, 1951
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 4852 West 30th Street, Cicero, IL 60804
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $131.1 mil
    Equity capital: $10.3 mil
    Deposits held in domestic offices: $95.9 mil
    Return on assets (ROA): 0.89% ($1.2 mil)
    Quarterly return on assets: 2.47% ($3.2 mil)
    Return on Equity (ROE): 10.71% ($1.1 mil)
    Quarterly return on equity: 30.75% ($3.1 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.42% ($1,861.3 mil)
    Quarterly Pretax return on assets: 2.51% ($3,290.1 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
  • 177Total employees (full-time equivalent)
  • $131,079Total assets
  • $6,304Cash and due from depository institutions
  • $5,799Interest-bearing balances
  • $2,140Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $113,131Net loans & leases
  • $1,209Loan loss allowance
  • $0Trading account assets
  • $2,350Bank premises and fixed assets
  • $1,423Other real estate owned
  • $260Goodwill and other intangibles
  • $131,079Life insurance assets
  • $5,471All other assets
  • $120,818Total liabilities and capital
  • $95,940Total liabilities
  • $92,323Total deposits
  • $95,940Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $23,500Trading liabilities
  • $0Other borrowed funds
  • $1,378Subordinated debt
  • $10,261All other liabilities
  • $10,261Total equity capital
  • $10,261Total bank equity capital
  • $0Perpetual preferred stock
  • $1,319Common stock
  • $8,453Surplus
  • $489Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $44,305Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,757Income earned, not collected on loans
  • $0Earning assets
  • $372Long-term assets (5+ years)
  • $121,070Average Assets, year-to-date
  • $29,137Average Assets, quarterly
  • $114,212Volatile liabilities
  • $123,650Insider loans
  • $85,595FHLB advances
  • $120,829Loans and leases held for sale
  • $301Unused loan commitments
  • $301Tier 1 (core) risk-based capital
  • $10,248Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,255Restructured Loans and leases
  • $812Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,043Total interest income
  • $1,391Total interest expense
  • $3,652Net interest income
  • $959Provision for loan and lease losses
  • $17,467Total noninterest income
  • $0Fiduciary activities
  • $42Service charges on deposit accounts
  • $0Trading account gains & fees
  • $17,425Additional noninterest income
  • $18,780Total noninterest expense
  • $12,321Salaries and employee benefits
  • $1,114Premises and equipment expense
  • $5,345Additional noninterest expense
  • $1,380Pre-tax net operating income
  • $244Securities gains (losses)
  • $612Applicable income taxes
  • $1,012Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,012Net income attributable to bank
  • $0Net charge-offs
  • $1,012Cash dividends
  • $487Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 3.47%Net interest margin
  • 16.60%Noninterest income to earning assets
  • 17.85%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.42%Pretax return on assets
  • 10.71%Return on equity (ROE)
  • 10.71%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 196.92%Credit loss provision to net charge-offs
  • 4.80%Efficiency ratio
  • 88,925Assets per employee
  • 0.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 21.00%Noncurrent assets plus other real estate owned to assets
  • 5.48%Noncurrent loans to loans
  • 5.03%Net loans and leases to deposits
  • 117.92%Net loans and leases to core deposits
  • 143.85%Equity capital to assets
  • 7.83%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 11.97%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $114,212Average earning assets
  • $9,451Average equity
  • $105,212Average loans

List of branches

  • 2 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    040985West Town Savings Bank4852 West 30th Street, Cicero, IL 60804January 01, 1922Full Service Brick and Mortar
    1362760North Riverside Branch7820 West 26th Street, North Riverside, IL 60546January 31, 2000Full Service Brick and Mortar

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