First American Bank of Kankakee in city_name, state_name - Detailed Financial Reports, Location

First American Bank of Kankakee in Kankakee, Illinois (IL)
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First American Bank of Kankakee - Overview

General
FDIC Certificate #: 18579
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First American Bank (#3657)
Federal Reserve ID: 763033
Date Established: August 10, 1962
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 12466
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: August 10, 1962
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: Meadowview Shopping Center, Kankakee, IL 60901
County: Kankakee
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Champaign
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Kankakee, IL (#3740)
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): Kankakee-Bradley, IL (#28100)
CBSA Metro Statistical Area: Kankakee-Bradley, IL (#28100)
Financial Summary
Total assets: $145.9 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
32Total employees (full-time equivalent)
$125,584Total assets
$3,502Cash and due from depository institutions
$523Interest-bearing balances
$46,320Securities
$0Federal funds sold & reverse repurchase agreements
$70,285Net loans & leases
$794Loan loss allowance
$0Trading account assets
$4,372Bank premises and fixed assets
$43Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,062All other assets
$125,584Total liabilities and capital
$115,236Total liabilities
$113,842Total deposits
$101,674Interest-bearing deposits
$113,842Deposits held in domestic offices
0.00%% insured (estimated)
$544Federal funds purchased & repurchase agreements
$0Trading liabilities
$212Other borrowed funds
$0Subordinated debt
$638All other liabilities
$10,348Total equity capital
$10,348Total bank equity capital
$10,348Perpetual preferred stock
$0Common stock
$1,000Surplus
$3,750Undivided profits
Memoranda
$5,598Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$70Earning assets
$0Long-term assets (5+ years)
$254Average Assets, year-to-date
$117,128Average Assets, quarterly
$12,213Volatile liabilities
$107,590Insider loans
$122,396FHLB advances
$11,391Loans and leases held for sale
$387Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,193Total risk weighted assets
$15,698Total unused commitments
$0Restructured Loans and leases
$80,540Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$7,340Total interest income
$3,894Total interest expense
$3,446Net interest income
$230Provision for loan and lease losses
$946Total noninterest income
$0Fiduciary activities
$226Service charges on deposit accounts
$0Trading account gains & fees
$720Additional noninterest income
$3,497Total noninterest expense
$1,092Salaries and employee benefits
$511Premises and equipment expense
$1,894Additional noninterest expense
$665Pre-tax net operating income
$0Securities gains (losses)
$190Applicable income taxes
$475Income before extraordinary items
$0Extraordinary gains - net
$475Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.28%Yield on earning assets
3.86%Cost of funding earning assets
3.42%Net interest margin
0.94%Noninterest income to earning assets
3.47%Noninterest expense to earning assets
0.44%Net operating income to assets
0.44%Return on assets (ROA)
0.62%Pretax return on assets
4.71%Return on equity (ROE)
4.71%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
2300.00%Credit loss provision to net charge-offs
89.50%Efficiency ratio
79,622Assets per employee
3.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
1134.29%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.10%Net loans and leases to deposits
61.74%Net loans and leases to core deposits
68.10%Equity capital to assets
8.24%Core capital (leverage) ratio
8.09%Tier 1 risk-based capital ratio
12.54%Total risk-based capital ratio
Memoranda
$14Average assets
$107,590Average earning assets
$10,078Average equity
$100,844Average loans

First American Bank of Kankakee in Kankakee, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank of Kankakee - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

Comment about this bank, ask questions, or add new information about it:

First American Bank of Kankakee in Kankakee, Illinois (IL)Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank of Kankakee - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

Comment about this bank, ask questions, or add new information about it:

First American Bank of Kankakee in Kankakee, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches