First Colonial Bank of Lake County in city_name, state_name

First Colonial Bank of Lake County in Vernon Hills, Illinois (IL)
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First Colonial Bank of Lake County - Overview

General
FDIC Certificate #: 27329
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Firstar Bank Illinois (#14280)
Federal Reserve ID: 1216134
Date Established: August 29, 1988
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 11181
FDIC's unique #: 39583
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: August 29, 1988
Last Structure Change Effective Date: August 21, 1995
Last Structure Change Process Date: September 06, 1995
Last Data Update: September 06, 1995
Data Source Date: April 05, 2012
Location
Address: 850 North Milwaukee Avenue, Vernon Hills, IL 60061
County: Lake
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: Lake County-Kenosha County, IL-WI (#29404)
Financial Summary
Total assets: $42.5 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)
$18Total assets
$50,220Cash and due from depository institutions
$2,279Interest-bearing balances
$0Securities
$14,316Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$32,483Loan loss allowance
$394Trading account assets
$0Bank premises and fixed assets
$594Other real estate owned
$0Goodwill and other intangibles
$548Life insurance assets
$0All other assets
$0Total liabilities and capital
$50,220Total liabilities
$45,995Total deposits
$42,059Interest-bearing deposits
$33,949Deposits held in domestic offices
42059.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$3,854Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$82Total equity capital
$82Total bank equity capital
$4,225Perpetual preferred stock
$0Common stock
$495Surplus
$3,280Undivided profits
Memoranda
$450Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$79Income earned, not collected on loans
$109Earning assets
$46,799Long-term assets (5+ years)
$7,482Average Assets, year-to-date
$53,842Average Assets, quarterly
$53,112Volatile liabilities
$6,374Insider loans
$64FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$23,515Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,225Total risk weighted assets
$46,715Total unused commitments
$0Restructured Loans and leases
$1,945Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,346Total interest expense
$1,522Net interest income
$1,824Provision for loan and lease losses
$153Total noninterest income
$512Fiduciary activities
$0Service charges on deposit accounts
$279Trading account gains & fees
$0Additional noninterest income
$233Total noninterest expense
$1,807Salaries and employee benefits
$726Premises and equipment expense
$424Additional noninterest expense
$657Pre-tax net operating income
$376Securities gains (losses)
-$40Applicable income taxes
$32Income before extraordinary items
$304Extraordinary gains - net
$0Net income attributable to bank
$304Net charge-offs
$78Cash dividends
$500Sale, 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
6.80%Cost of funding earning assets
3.09%Net interest margin
3.71%Noninterest income to earning assets
1.04%Noninterest expense to earning assets
3.67%Net operating income to assets
0.63%Return on assets (ROA)
0.56%Pretax return on assets
0.62%Return on equity (ROE)
6.91%Retained earnings to average equity (YTD only)
-4.45%Net charge-offs to loans
0.25%Credit loss provision to net charge-offs
196.15%Efficiency ratio
77,354Assets per employee
2.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
164.47%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
498.73%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.24%Net loans and leases to deposits
77.23%Net loans and leases to core deposits
82.15%Equity capital to assets
8.41%Core capital (leverage) ratio
7.75%Tier 1 risk-based capital ratio
9.04%Total risk-based capital ratio
Memoranda
$10Average assets
$53,842Average earning assets
$4,400Average equity
$49,207Average loans

First Colonial Bank of Lake County in Vernon Hills, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Colonial Bank of Lake County - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

First Colonial Bank of Lake County in Vernon Hills, Illinois (IL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Colonial Bank of Lake County - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

First Colonial Bank of Lake County in Vernon Hills, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches