Bank of Lockport in Lockport, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 14, 1998

  • Bank of Lockport in Lockport, Illinois (IL)
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Bank of Lockport - Overview

  • General
  • FDIC Certificate #: 20434
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Harris Bank Joliet, National Association (#3685)
    Federal Reserve ID: 497338
    Date Established: June 10, 1971
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 14085
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 10, 1971
    Last Structure Change Effective Date: March 14, 1998
    Last Structure Change Process Date: April 27, 1998
    Last Data Update: April 27, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 822-26 East Ninth Street, Lockport, IL 60441
    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)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $110.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 36Total employees (full-time equivalent)
  • $110,539Total assets
  • $3,624Cash and due from depository institutions
  • $0Interest-bearing balances
  • $32,998Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $66,043Net loans & leases
  • $583Loan loss allowance
  • $0Trading account assets
  • $3,560Bank premises and fixed assets
  • $0Other real estate owned
  • $3,422Goodwill and other intangibles
  • $0Life insurance assets
  • $892All other assets
  • $110,539Total liabilities and capital
  • $97,925Total liabilities
  • $96,421Total deposits
  • $84,427Interest-bearing deposits
  • $96,421Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $300Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,204All other liabilities
  • $12,614Total equity capital
  • $12,614Total bank equity capital
  • $12,614Perpetual preferred stock
  • $0Common stock
  • $891Surplus
  • $10,486Undivided profits
  • Memoranda
  • $1,237Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $359Earning assets
  • $0Long-term assets (5+ years)
  • $339Average Assets, year-to-date
  • $99,041Average Assets, quarterly
  • $13,208Volatile liabilities
  • $107,540Insider loans
  • $112,874FHLB advances
  • $17,612Loans and leases held for sale
  • $326Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,133Total unused commitments
  • $0Restructured Loans and leases
  • $71,556Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $7,463Total interest income
  • $3,520Total interest expense
  • $3,943Net interest income
  • $144Provision for loan and lease losses
  • $565Total noninterest income
  • $0Fiduciary activities
  • $439Service charges on deposit accounts
  • $0Trading account gains & fees
  • $126Additional noninterest income
  • $3,243Total noninterest expense
  • $1,418Salaries and employee benefits
  • $492Premises and equipment expense
  • $1,333Additional noninterest expense
  • $1,121Pre-tax net operating income
  • $3Securities gains (losses)
  • $406Applicable income taxes
  • $718Income before extraordinary items
  • $0Extraordinary gains - net
  • $718Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $124Sale, conversion, retirement of capital stock, net
  • $82Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.75%Yield on earning assets
  • 3.65%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 3.37%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 5.84%Return on equity (ROE)
  • 5.17%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 116.13%Credit loss provision to net charge-offs
  • 10.20%Efficiency ratio
  • 62,422Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.42%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 162.40%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.54%Net loans and leases to deposits
  • 68.49%Net loans and leases to core deposits
  • 83.48%Equity capital to assets
  • 11.41%Core capital (leverage) ratio
  • 8.43%Tier 1 risk-based capital ratio
  • 12.83%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $107,540Average earning assets
  • $12,295Average equity
  • $96,351Average loans

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