FDIC Certificate #: 34393 Status: Active Federal Reserve ID: 2531562 Bank Holding Company (Regulatory Top Holder): First Equity Corp. (RSSDID: 2531553, Location: Skokie, IL) Date Established: June 09, 1997 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 57156 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: June 09, 1997 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: 3956 West Dempster Street, Skokie, IL 60076 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: $112.5 mil Equity capital: $14.1 mil Deposits held in domestic offices: $94.3 mil Return on assets (ROA): 0.67% ($0.8 mil) Quarterly return on assets: -1.70% (-$1.9 mil) Return on Equity (ROE): 5.22% ($0.7 mil) Quarterly return on equity: -12.98% (-$1.8 mil) Net income: $0.8 mil Quarterly Net income: -$0.5 mil Pretax return on assets: 0.66% ($742.6 mil) Quarterly Pretax return on assets: -1.75% (-$1,969.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
8Total employees (full-time equivalent)
$112,522Total assets
$21,643Cash and due from depository institutions
$14,307Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$88,807Net loans & leases
$1,794Loan loss allowance
$0Trading account assets
$31Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$112,522Life insurance assets
$2,041All other assets
$98,404Total liabilities and capital
$94,260Total liabilities
$84,657Total deposits
$94,260Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,000Trading liabilities
$0Other borrowed funds
$144Subordinated debt
$14,118All other liabilities
$14,118Total equity capital
$14,118Total bank equity capital
$0Perpetual preferred stock
$2,500Common stock
$7,750Surplus
$3,868Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$51Income earned, not collected on loans
$0Earning assets
$285Long-term assets (5+ years)
$103,114Average Assets, year-to-date
$246Average Assets, quarterly
$113,448Volatile liabilities
$111,280Insider loans
$79,011FHLB advances
$110,934Loans and leases held for sale
$95Unused loan commitments
$95Tier 1 (core) risk-based capital
$14,118Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,021Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,135Total interest income
$1,185Total interest expense
$3,950Net interest income
$1,375Provision for loan and lease losses
$132Total noninterest income
$0Fiduciary activities
$94Service charges on deposit accounts
$0Trading account gains & fees
$38Additional noninterest income
$1,957Total noninterest expense
$1,012Salaries and employee benefits
$160Premises and equipment expense
$785Additional noninterest expense
$750Pre-tax net operating income
$0Securities gains (losses)
-$8Applicable income taxes
$758Income before extraordinary items
$0Extraordinary gains - net
$758Net income attributable to bank
$0Net charge-offs
$758Cash dividends
$1,202Sale, conversion, retirement of capital stock, net
$710Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.88%Yield on earning assets
1.13%Cost of funding earning assets
3.76%Net interest margin
0.13%Noninterest income to earning assets
1.86%Noninterest expense to earning assets
0.67%Net operating income to assets
0.67%Return on assets (ROA)
0.66%Pretax return on assets
5.22%Return on equity (ROE)
0.33%Retained earnings to average equity (YTD only)
1.26%Net charge-offs to loans
114.39%Credit loss provision to net charge-offs
1.77%Efficiency ratio
47,942Assets per employee
14.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
93.67%Loss allowance to loans
1.98%Loss allowance to noncurrent loans
3517.65%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.06%Net loans and leases to deposits
94.21%Net loans and leases to core deposits
106.56%Equity capital to assets
12.55%Core capital (leverage) ratio
12.73%Tier 1 risk-based capital ratio
17.87%Total risk-based capital ratio
Memoranda
$19Average assets
$113,448Average earning assets
$14,528Average equity
$105,138Average loans
List of branches
1 Illinois Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
57156
1st Equity Bank
3956 West Dempster Street, Skokie, IL 60076
June 09, 1997
Full Service Brick and Mortar
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