FDIC Certificate #: 28626 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Manufacturers Bank (#16230) Federal Reserve ID: 339175 Date Established: January 01, 1911 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1985 FDIC's unique #: 41460 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, 1938 Last Structure Change Effective Date: Febuary 26, 1999 Last Structure Change Process Date: March 11, 1999 Last Data Update: March 11, 1999 Data Source Date: April 05, 2012
Location
Address: 20 North Clark, Chicago, IL 60602 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: $498.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
168Total employees (full-time equivalent)
$498,070Total assets
$13,529Cash and due from depository institutions
$3,566Interest-bearing balances
$179,756Securities
$63,000Federal funds sold & reverse repurchase agreements
$193,649Net loans & leases
$6,717Loan loss allowance
$2,139Trading account assets
$4,493Bank premises and fixed assets
$0Other real estate owned
$15,413Goodwill and other intangibles
$0Life insurance assets
$26,091All other assets
$498,070Total liabilities and capital
$463,222Total liabilities
$353,331Total deposits
$353,308Interest-bearing deposits
$353,331Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$105,803Other borrowed funds
$0Subordinated debt
$4,088All other liabilities
$34,848Total equity capital
$34,848Total bank equity capital
$34,848Perpetual preferred stock
$0Common stock
$42Surplus
$37,315Undivided profits
Memoranda
$-2,509Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,387Earning assets
$0Long-term assets (5+ years)
$8,017Average Assets, year-to-date
$442,110Average Assets, quarterly
$0Volatile liabilities
$536,205Insider loans
$503,177FHLB advances
$155,969Loans and leases held for sale
$0Unused loan commitments
$105,803Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$42,601Total unused commitments
$0Restructured Loans and leases
$286,819Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$39,694Total interest income
$23,338Total interest expense
$16,356Net interest income
$4,727Provision for loan and lease losses
$621Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$139Trading account gains & fees
$482Additional noninterest income
$18,391Total noninterest expense
$9,296Salaries and employee benefits
$4,596Premises and equipment expense
$4,499Additional noninterest expense
-$6,141Pre-tax net operating income
$4,758Securities gains (losses)
-$795Applicable income taxes
-$588Income before extraordinary items
$0Extraordinary gains - net
-$588Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4,312Sale, conversion, retirement of capital stock, net
$8,900Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.38%Yield on earning assets
4.93%Cost of funding earning assets
3.45%Net interest margin
0.13%Noninterest income to earning assets
3.88%Noninterest expense to earning assets
-0.68%Net operating income to assets
-0.11%Return on assets (ROA)
-0.26%Pretax return on assets
-1.48%Return on equity (ROE)
-23.80%Retained earnings to average equity (YTD only)
1.99%Net charge-offs to loans
109.62%Credit loss provision to net charge-offs
-0.33%Efficiency ratio
108,329Assets per employee
2.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1513.61%Loss allowance to loans
3.35%Loss allowance to noncurrent loans
105.17%Noncurrent assets plus other real estate owned to assets
1.28%Noncurrent loans to loans
3.19%Net loans and leases to deposits
54.81%Net loans and leases to core deposits
63.88%Equity capital to assets
7.00%Core capital (leverage) ratio
6.97%Tier 1 risk-based capital ratio
12.10%Total risk-based capital ratio
Memoranda
$13Average assets
$536,205Average earning assets
$39,864Average equity
$473,410Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Avondale Federal Savings Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: