FDIC Certificate #: 18278 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First American Bank (#3657) Federal Reserve ID: 814533 Date Established: July 15, 1960 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 12194 Numeric code: 13 Regulator: FED 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: July 15, 1960 Last Structure Change Effective Date: September 13, 1999 Last Structure Change Process Date: October 28, 1999 Last Data Update: October 28, 1999 Data Source Date: April 05, 2012
Location
Address: 1818 West Jefferson Street, Joliet, IL 60434 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)
Financial Summary
Total assets: $122.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
25Total employees (full-time equivalent)
$127,877Total assets
$3,436Cash and due from depository institutions
$523Interest-bearing balances
$52,957Securities
$11,139Federal funds sold & reverse repurchase agreements
$54,470Net loans & leases
$775Loan loss allowance
$0Trading account assets
$5,041Bank premises and fixed assets
$34Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$800All other assets
$127,877Total liabilities and capital
$119,709Total liabilities
$118,825Total deposits
$102,726Interest-bearing deposits
$118,825Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$326Other borrowed funds
$0Subordinated debt
$558All other liabilities
$8,168Total equity capital
$8,168Total bank equity capital
$8,168Perpetual preferred stock
$0Common stock
$980Surplus
$4,280Undivided profits
Memoranda
$2,908Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$98Earning assets
$0Long-term assets (5+ years)
$178Average Assets, year-to-date
$119,089Average Assets, quarterly
$13,314Volatile liabilities
$114,016Insider loans
$122,145FHLB advances
$10,585Loans and leases held for sale
$208Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,816Total unused commitments
$0Restructured Loans and leases
$77,375Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$7,559Total interest income
$4,101Total interest expense
$3,458Net interest income
$0Provision for loan and lease losses
$582Total noninterest income
$0Fiduciary activities
$219Service charges on deposit accounts
$0Trading account gains & fees
$363Additional noninterest income
$3,149Total noninterest expense
$788Salaries and employee benefits
$660Premises and equipment expense
$1,701Additional noninterest expense
$891Pre-tax net operating income
$0Securities gains (losses)
$230Applicable income taxes
$661Income before extraordinary items
$0Extraordinary gains - net
$661Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8Sale, conversion, retirement of capital stock, net
$2,000Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.16%Yield on earning assets
3.88%Cost of funding earning assets
3.27%Net interest margin
0.55%Noninterest income to earning assets
2.98%Noninterest expense to earning assets
0.58%Net operating income to assets
0.58%Return on assets (ROA)
0.78%Pretax return on assets
7.04%Return on equity (ROE)
-14.25%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
111.38%Efficiency ratio
77,946Assets per employee
5.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
302.57%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
790.82%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.18%Net loans and leases to deposits
45.84%Net loans and leases to core deposits
50.17%Equity capital to assets
6.39%Core capital (leverage) ratio
6.46%Tier 1 risk-based capital ratio
10.19%Total risk-based capital ratio
Memoranda
$11Average assets
$114,016Average earning assets
$9,394Average equity
$105,640Average loans
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