Edgewood Bank in Countryside, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 18, 1995

  • Edgewood Bank in Countryside, Illinois (IL)
  • Show street view No street view available for this location

Edgewood Bank - Overview

  • General
  • FDIC Certificate #: 19704
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Old Kent Bank (#915)
    Federal Reserve ID: 1014433
    Date Established: May 31, 1967
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 13503
    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 31, 1967
    Last Structure Change Effective Date: March 18, 1995
    Last Structure Change Process Date: April 28, 1995
    Last Data Update: April 28, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 1023 West 55th Street, Countryside, IL 60525
    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: $197.3 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)
  • $51Total assets
  • $197,276Cash and due from depository institutions
  • $12,876Interest-bearing balances
  • $0Securities
  • $13,996Federal funds sold & reverse repurchase agreements
  • $8,750Net loans & leases
  • $138,498Loan loss allowance
  • $2,699Trading account assets
  • $0Bank premises and fixed assets
  • $4,911Other real estate owned
  • $432Goodwill and other intangibles
  • $2,287Life insurance assets
  • $15,526All other assets
  • $0Total liabilities and capital
  • $197,276Total liabilities
  • $168,757Total deposits
  • $166,195Interest-bearing deposits
  • $131,378Deposits held in domestic offices
  • 166195.00%% insured (estimated)
  • $63Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $2,562Total equity capital
  • $2,562Total bank equity capital
  • $28,519Perpetual preferred stock
  • $0Common stock
  • $1,676Surplus
  • $26,158Undivided profits
  • Memoranda
  • $685Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $393Income earned, not collected on loans
  • $370Earning assets
  • $161,244Long-term assets (5+ years)
  • $15,031Average Assets, year-to-date
  • $171,500Average Assets, quarterly
  • $196,450Volatile liabilities
  • $35,857Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $29,968Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,248Total risk weighted assets
  • $153,310Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,957Total interest expense
  • $2,804Net interest income
  • $5,153Provision for loan and lease losses
  • $50Total noninterest income
  • $787Fiduciary activities
  • $3Service charges on deposit accounts
  • $339Trading account gains & fees
  • $0Additional noninterest income
  • $445Total noninterest expense
  • $4,437Salaries and employee benefits
  • $1,919Premises and equipment expense
  • $473Additional noninterest expense
  • $2,045Pre-tax net operating income
  • $1,453Securities gains (losses)
  • $0Applicable income taxes
  • $513Income before extraordinary items
  • $940Extraordinary gains - net
  • $0Net income attributable to bank
  • $940Net charge-offs
  • $160Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 5.56%Cost of funding earning assets
  • 1.96%Net interest margin
  • 3.60%Noninterest income to earning assets
  • 0.55%Noninterest expense to earning assets
  • 3.10%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.55%Pretax return on assets
  • 0.85%Return on equity (ROE)
  • 4.56%Retained earnings to average equity (YTD only)
  • 4.56%Net charge-offs to loans
  • 0.13%Credit loss provision to net charge-offs
  • 31.25%Efficiency ratio
  • 59,596Assets per employee
  • 3.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 686.77%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 83.33%Net loans and leases to core deposits
  • 106.26%Equity capital to assets
  • 14.46%Core capital (leverage) ratio
  • 7.30%Tier 1 risk-based capital ratio
  • 8.64%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $171,500Average earning assets
  • $20,608Average equity
  • $143,213Average 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 Edgewood 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.
Table of Contents