Cosmopolitan Bank and Trust in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2006

  • Cosmopolitan Bank and Trust in Chicago, Illinois (IL)
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Cosmopolitan Bank and Trust - Overview

  • General
  • FDIC Certificate #: 33406
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Park National Bank (#11677)
    Federal Reserve ID: 1864629
    Date Established: May 17, 1991
    WWW: http://www.cosmopolitanbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 47046
    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: May 17, 1991
    Last Structure Change Effective Date: January 01, 2006
    Last Structure Change Process Date: January 11, 2006
    Last Data Update: January 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 801 North Clark Street, Chicago, IL 60610
    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: $429.9 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, 2005)

  • Dollar figures in thousands
  • 68Total employees (full-time equivalent)
  • $429,869Total assets
  • $4,784Cash and due from depository institutions
  • $500Interest-bearing balances
  • $58,295Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $339,037Net loans & leases
  • $2,990Loan loss allowance
  • $0Trading account assets
  • $11,464Bank premises and fixed assets
  • $380Other real estate owned
  • $48Goodwill and other intangibles
  • $0Life insurance assets
  • $15,861All other assets
  • $429,869Total liabilities and capital
  • $380,599Total liabilities
  • $372,500Total deposits
  • $318,662Interest-bearing deposits
  • $372,500Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,500Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $3,599All other liabilities
  • $49,270Total equity capital
  • $49,270Total bank equity capital
  • $49,270Perpetual preferred stock
  • $0Common stock
  • $80Surplus
  • $10,920Undivided profits
  • Memoranda
  • $38,270Noncurrent loans and leases
  • $110,970Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,824Earning assets
  • $104Long-term assets (5+ years)
  • $2,911Average Assets, year-to-date
  • $397,832Average Assets, quarterly
  • $45,040Volatile liabilities
  • $414,663Insider loans
  • $423,768FHLB advances
  • $121,018Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $110,970Total unused commitments
  • $0Restructured Loans and leases
  • $2,990Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $28,266Total interest income
  • $9,569Total interest expense
  • $18,697Net interest income
  • $0Provision for loan and lease losses
  • $3,454Total noninterest income
  • $2,394Fiduciary activities
  • $632Service charges on deposit accounts
  • $0Trading account gains & fees
  • $428Additional noninterest income
  • $9,224Total noninterest expense
  • $5,781Salaries and employee benefits
  • $1,081Premises and equipment expense
  • $2,362Additional noninterest expense
  • $12,927Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,949Applicable income taxes
  • $7,978Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,978Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $259Sale, conversion, retirement of capital stock, net
  • $5,000Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.33%Yield on earning assets
  • 2.48%Cost of funding earning assets
  • 4.85%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 2.39%Noninterest expense to earning assets
  • 1.92%Net operating income to assets
  • 1.92%Return on assets (ROA)
  • 3.12%Pretax return on assets
  • 16.42%Return on equity (ROE)
  • 6.13%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 49.91%Efficiency ratio
  • 41,267Assets per employee
  • 6.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.67%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 105.88%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 0.83%Net loans and leases to deposits
  • 91.02%Net loans and leases to core deposits
  • 132.45%Equity capital to assets
  • 11.46%Core capital (leverage) ratio
  • 11.75%Tier 1 risk-based capital ratio
  • 11.08%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $414,663Average earning assets
  • $48,575Average equity
  • $385,803Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $492,971Managed Assets
  • 1Number of Accounts
  • $333,294Personal trust and agency accounts
  • $140,805Employee benefit-defined contribution accounts
  • $9,138Employee benefit-defined benefit accounts
  • $3,426Other retirement accounts
  • $46,127Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $133,798Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 879Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $159,677Other retirement accounts
  • $44,522Corporate trust and agency accounts
  • $18,687Other fiduciary accounts
  • $11,326Fiduciary accounts held in foreign offices

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