Western Springs National Bank and Trust in Western Springs, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 08, 2011

Western Springs National Bank and Trust - Overview

  • General
  • FDIC Certificate #: 10086
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Heartland Bank and Trust Company (#20369)
    Federal Reserve ID: 199940
    Date Established: January 01, 1916
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 6450
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 08, 2011
    Last Structure Change Process Date: April 11, 2011
    Last Data Update: April 11, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 4456 Wolf Road, Western Springs, IL 60558
    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)
  • Financial Summary
  • Total assets: $186.7 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, 2010)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $186,756Total assets
  • $23,846Cash and due from depository institutions
  • $12,548Interest-bearing balances
  • $4,059Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $149,665Net loans & leases
  • $6,595Loan loss allowance
  • $0Trading account assets
  • $1,425Bank premises and fixed assets
  • $5,891Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,870All other assets
  • $186,756Total liabilities and capital
  • $183,349Total liabilities
  • $181,937Total deposits
  • $168,757Interest-bearing deposits
  • $181,937Deposits held in domestic offices
  • 97.81%% insured (estimated)
  • $784Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $250Other borrowed funds
  • $0Subordinated debt
  • $378All other liabilities
  • $3,407Total equity capital
  • $3,407Total bank equity capital
  • $3,407Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $2,300Undivided profits
  • Memoranda
  • $807Noncurrent loans and leases
  • $10,559Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $30,084Earning assets
  • $0Long-term assets (5+ years)
  • $572Average Assets, year-to-date
  • $166,272Average Assets, quarterly
  • $8,151Volatile liabilities
  • $209,356Insider loans
  • $191,578FHLB advances
  • $44,348Loans and leases held for sale
  • $2,008Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,559Total unused commitments
  • $4,266Restructured Loans and leases
  • $2,025Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $8,590Total interest income
  • $2,513Total interest expense
  • $6,077Net interest income
  • $11,685Provision for loan and lease losses
  • $894Total noninterest income
  • $289Fiduciary activities
  • $183Service charges on deposit accounts
  • $0Trading account gains & fees
  • $422Additional noninterest income
  • $8,041Total noninterest expense
  • $1,994Salaries and employee benefits
  • $721Premises and equipment expense
  • $5,326Additional noninterest expense
  • -$12,755Pre-tax net operating income
  • $556Securities gains (losses)
  • $0Applicable income taxes
  • -$12,199Income before extraordinary items
  • $0Extraordinary gains - net
  • -$12,199Net income attributable to bank
  • $0Net charge-offs
  • -$12,199Cash dividends
  • $9,607Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 3.28%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 4.34%Noninterest expense to earning assets
  • -6.09%Net operating income to assets
  • -5.83%Return on assets (ROA)
  • -5.83%Pretax return on assets
  • -129.36%Return on equity (ROE)
  • -129.36%Retained earnings to average equity (YTD only)
  • 5.72%Net charge-offs to loans
  • 121.63%Credit loss provision to net charge-offs
  • -0.11%Efficiency ratio
  • 115,349Assets per employee
  • 5.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.22%Loss allowance to noncurrent loans
  • 21.92%Noncurrent assets plus other real estate owned to assets
  • 19.26%Noncurrent loans to loans
  • 19.25%Net loans and leases to deposits
  • 82.26%Net loans and leases to core deposits
  • 107.97%Equity capital to assets
  • 1.82%Core capital (leverage) ratio
  • 1.71%Tier 1 risk-based capital ratio
  • 2.17%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $209,356Average earning assets
  • $9,431Average equity
  • $185,470Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $30,801Managed Assets
  • 1Number of Accounts
  • $27,713Personal trust and agency accounts
  • $16,055Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $11,658Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 19Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,088Other retirement accounts
  • $1,223Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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