Amerifed Bank, FSB in Joliet, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 09, 1995

  • Amerifed Bank, FSB in Joliet, Illinois (IL)
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Amerifed Bank, FSB - Overview

  • General
  • FDIC Certificate #: 29260
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: NBD Bank (#942)
    Federal Reserve ID: 916772
    Date Established: December 13, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3183
    FDIC's unique #: 42094
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 13, 1934
    Last Structure Change Effective Date: January 09, 1995
    Last Structure Change Process Date: January 31, 1995
    Last Data Update: January 31, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 N Scott St, Joliet, IL 60431
    County: Will
    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: $889.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $289Total assets
  • $889,148Cash and due from depository institutions
  • $24,961Interest-bearing balances
  • $8,029Securities
  • $294,389Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $541,400Loan loss allowance
  • $2,309Trading account assets
  • $0Bank premises and fixed assets
  • $8,300Other real estate owned
  • $1,233Goodwill and other intangibles
  • $14,889Life insurance assets
  • $3,976All other assets
  • $0Total liabilities and capital
  • $889,148Total liabilities
  • $816,337Total deposits
  • $798,022Interest-bearing deposits
  • $756,407Deposits held in domestic offices
  • 798022.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $11,208Subordinated debt
  • $0All other liabilities
  • $7,107Total equity capital
  • $7,107Total bank equity capital
  • $72,811Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $14,528Undivided profits
  • Memoranda
  • $58,282Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,474Income earned, not collected on loans
  • $3,128Earning assets
  • $843,818Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $885,522Average Assets, quarterly
  • $892,801Volatile liabilities
  • $84,537Insider loans
  • $1,506FHLB advances
  • $10,000Loans and leases held for sale
  • $0Unused loan commitments
  • $24,690Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $68,835Total risk weighted assets
  • $423,143Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $58,510Total interest expense
  • $30,726Net interest income
  • $27,784Provision for loan and lease losses
  • $3,950Total noninterest income
  • $4,121Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $4,121Total noninterest expense
  • $22,458Salaries and employee benefits
  • $10,699Premises and equipment expense
  • $4,350Additional noninterest expense
  • $7,409Pre-tax net operating income
  • $5,497Securities gains (losses)
  • $511Applicable income taxes
  • $3,454Income before extraordinary items
  • $2,554Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,554Net charge-offs
  • $6,108Cash dividends
  • $3,800Sale, conversion, retirement of capital stock, net
  • $1,633Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.94%Cost of funding earning assets
  • 3.64%Net interest margin
  • 3.29%Noninterest income to earning assets
  • 0.49%Noninterest expense to earning assets
  • 2.66%Net operating income to assets
  • 0.25%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 0.68%Return on equity (ROE)
  • 3.43%Retained earnings to average equity (YTD only)
  • -1.67%Net charge-offs to loans
  • 1.18%Credit loss provision to net charge-offs
  • 64.67%Efficiency ratio
  • 67,679Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 148.79%Loss allowance to loans
  • 0.42%Loss allowance to noncurrent loans
  • 35.67%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 1.19%Net loans and leases to deposits
  • 67.84%Net loans and leases to core deposits
  • 74.71%Equity capital to assets
  • 8.19%Core capital (leverage) ratio
  • 7.79%Tier 1 risk-based capital ratio
  • 16.27%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $885,522Average earning assets
  • $74,413Average equity
  • $843,527Average loans

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