FDIC Certificate #: 29612 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:MIDAMERICA BANK, FSB (#28671) Federal Reserve ID: 396271 Date Established: January 01, 1924 WWW:http://www.efsbank.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 9 (Interstate: No) OTS Docket #: 3757 FDIC's unique #: 42446 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: April 22, 1936 Last Structure Change Effective Date: Febuary 01, 2006 Last Structure Change Process Date: Febuary 15, 2006 Last Data Update: Febuary 15, 2006 Data Source Date: April 05, 2012
Location
Address: 1695 Larkin Avenue, Elgin, IL 60120 County: Kane 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: $1,053.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
195Total employees (full-time equivalent)
$1,053,847Total assets
$27,826Cash and due from depository institutions
$17,472Interest-bearing balances
$102,822Securities
$0Federal funds sold & reverse repurchase agreements
$846,086Net loans & leases
$5,213Loan loss allowance
$0Trading account assets
$23,806Bank premises and fixed assets
$12,357Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$40,950All other assets
$1,053,847Total liabilities and capital
$975,777Total liabilities
$748,833Total deposits
$694,609Interest-bearing deposits
$748,833Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$224,000Other borrowed funds
$0Subordinated debt
$2,944All other liabilities
$78,070Total equity capital
$78,070Total bank equity capital
$78,070Perpetual preferred stock
$0Common stock
$0Surplus
$22,910Undivided profits
Memoranda
$55,160Noncurrent loans and leases
$110,547Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11,119Earning assets
$0Long-term assets (5+ years)
$3,401Average Assets, year-to-date
$966,380Average Assets, quarterly
$496,179Volatile liabilities
$1,027,929Insider loans
$1,049,485FHLB advances
$238,722Loans and leases held for sale
$6,321Unused loan commitments
$214,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$110,547Total unused commitments
$0Restructured Loans and leases
$5,213Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$53,294Total interest income
$26,817Total interest expense
$26,477Net interest income
$895Provision for loan and lease losses
$5,375Total noninterest income
$0Fiduciary activities
$2,997Service charges on deposit accounts
$0Trading account gains & fees
$2,378Additional noninterest income
$29,229Total noninterest expense
$11,543Salaries and employee benefits
$2,445Premises and equipment expense
$15,241Additional noninterest expense
$1,728Pre-tax net operating income
-$59Securities gains (losses)
-$403Applicable income taxes
$2,072Income before extraordinary items
$0Extraordinary gains - net
$2,072Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$178Sale, conversion, retirement of capital stock, net
$2,929Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.65%Yield on earning assets
2.84%Cost of funding earning assets
2.81%Net interest margin
0.57%Noninterest income to earning assets
3.10%Noninterest expense to earning assets
0.21%Net operating income to assets
0.20%Return on assets (ROA)
0.16%Pretax return on assets
2.59%Return on equity (ROE)
-1.07%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
502.81%Credit loss provision to net charge-offs
14.74%Efficiency ratio
91,765Assets per employee
5.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
141.36%Loss allowance to loans
0.61%Loss allowance to noncurrent loans
46.88%Noncurrent assets plus other real estate owned to assets
2.23%Noncurrent loans to loans
1.31%Net loans and leases to deposits
112.99%Net loans and leases to core deposits
150.79%Equity capital to assets
7.41%Core capital (leverage) ratio
7.40%Tier 1 risk-based capital ratio
9.92%Total risk-based capital ratio
Memoranda
$11Average assets
$1,027,929Average earning assets
$79,861Average equity
$942,886Average 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 EFS 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: