FDIC Certificate #: 35038 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:First Midwest Bank (#3709) Federal Reserve ID: 2755733 Date Established: June 28, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 73862 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: June 28, 1999 Last Structure Change Effective Date: October 23, 2009 Last Structure Change Process Date: October 26, 2009 Last Data Update: October 26, 2009 Data Source Date: April 05, 2012
Location
Address: 520 North Cass Avenue, Westmont, IL 60559 County: Dupage 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: $262.1 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
26Total employees (full-time equivalent)
$312,260Total assets
$12,647Cash and due from depository institutions
$10,662Interest-bearing balances
$33,553Securities
$290Federal funds sold & reverse repurchase agreements
$249,652Net loans & leases
$10,500Loan loss allowance
$0Trading account assets
$3,184Bank premises and fixed assets
$3,174Other real estate owned
$17Goodwill and other intangibles
$5,095Life insurance assets
$9,743All other assets
$312,260Total liabilities and capital
$293,608Total liabilities
$276,995Total deposits
$267,878Interest-bearing deposits
$276,995Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,000Other borrowed funds
$0Subordinated debt
$1,613All other liabilities
$18,652Total equity capital
$18,652Total bank equity capital
$18,652Perpetual preferred stock
$0Common stock
$650Surplus
$24,122Undivided profits
Memoranda
$-6,120Noncurrent loans and leases
$30,633Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$28,576Earning assets
$0Long-term assets (5+ years)
$1,495Average Assets, year-to-date
$294,157Average Assets, quarterly
$48,248Volatile liabilities
$311,915Insider loans
$310,415FHLB advances
$39,177Loans and leases held for sale
$5,329Unused loan commitments
$15,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$30,633Total unused commitments
$9,072Restructured Loans and leases
$3,446Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$17,794Total interest income
$10,708Total interest expense
$7,086Net interest income
$11,324Provision for loan and lease losses
$345Total noninterest income
$0Fiduciary activities
$289Service charges on deposit accounts
$0Trading account gains & fees
$56Additional noninterest income
$7,074Total noninterest expense
$3,423Salaries and employee benefits
$479Premises and equipment expense
$3,172Additional noninterest expense
-$10,967Pre-tax net operating income
$430Securities gains (losses)
-$92Applicable income taxes
-$10,445Income before extraordinary items
$0Extraordinary gains - net
-$10,445Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5,524Sale, conversion, retirement of capital stock, net
$400Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.03%Yield on earning assets
3.63%Cost of funding earning assets
2.40%Net interest margin
0.12%Noninterest income to earning assets
2.40%Noninterest expense to earning assets
-3.49%Net operating income to assets
-3.35%Return on assets (ROA)
-3.38%Pretax return on assets
-40.00%Return on equity (ROE)
-41.54%Retained earnings to average equity (YTD only)
2.10%Net charge-offs to loans
205.00%Credit loss provision to net charge-offs
0.06%Efficiency ratio
95,196Assets per employee
12.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
-3.83%Loss allowance to loans
4.04%Loss allowance to noncurrent loans
36.74%Noncurrent assets plus other real estate owned to assets
10.17%Noncurrent loans to loans
10.98%Net loans and leases to deposits
90.13%Net loans and leases to core deposits
104.98%Equity capital to assets
5.97%Core capital (leverage) ratio
6.29%Tier 1 risk-based capital ratio
7.08%Total risk-based capital ratio
Memoranda
$8Average assets
$311,915Average earning assets
$26,109Average equity
$295,132Average loans
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