First Federal Bank, FSB in Waukegan, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 22, 1998

  • First Federal Bank, FSB in Waukegan, Illinois (IL)
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First Federal Bank, FSB - Overview

  • General
  • FDIC Certificate #: 27724
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Norstates Bank (#18626)
    Federal Reserve ID: 809472
    Date Established: January 01, 1919
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 176
    FDIC's unique #: 40558
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: November 14, 1934
    Last Structure Change Effective Date: April 22, 1998
    Last Structure Change Process Date: April 27, 1998
    Last Data Update: April 27, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: Madison At County Street, Waukegan, IL 60085
    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: $116.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $109,688Total assets
  • $2,531Cash and due from depository institutions
  • $70Interest-bearing balances
  • $33,326Securities
  • $4,000Federal funds sold & reverse repurchase agreements
  • $63,472Net loans & leases
  • $1,212Loan loss allowance
  • $0Trading account assets
  • $4,178Bank premises and fixed assets
  • $172Other real estate owned
  • $137Goodwill and other intangibles
  • $0Life insurance assets
  • $1,872All other assets
  • $109,688Total liabilities and capital
  • $95,569Total liabilities
  • $88,980Total deposits
  • $88,980Interest-bearing deposits
  • $88,980Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,000Other borrowed funds
  • $0Subordinated debt
  • $1,589All other liabilities
  • $14,119Total equity capital
  • $14,119Total bank equity capital
  • $14,119Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $2,423Undivided profits
  • Memoranda
  • $11,646Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $281Earning assets
  • $0Long-term assets (5+ years)
  • $460Average Assets, year-to-date
  • $100,868Average Assets, quarterly
  • $0Volatile liabilities
  • $105,482Insider loans
  • $105,407FHLB advances
  • $17,879Loans and leases held for sale
  • $497Unused loan commitments
  • $5,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,126Total unused commitments
  • $0Restructured Loans and leases
  • $59,025Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $7,814Total interest income
  • $4,153Total interest expense
  • $3,661Net interest income
  • $80Provision for loan and lease losses
  • $743Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $743Additional noninterest income
  • $2,513Total noninterest expense
  • $1,276Salaries and employee benefits
  • $711Premises and equipment expense
  • $526Additional noninterest expense
  • $1,811Pre-tax net operating income
  • $0Securities gains (losses)
  • $667Applicable income taxes
  • $1,144Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,144Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $525Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.12%Yield on earning assets
  • 4.32%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 2.61%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.72%Pretax return on assets
  • 8.31%Return on equity (ROE)
  • 4.49%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1333.33%Credit loss provision to net charge-offs
  • 315.17%Efficiency ratio
  • 57,062Assets per employee
  • 3.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.89%Loss allowance to loans
  • 1.87%Loss allowance to noncurrent loans
  • 431.32%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 71.33%Net loans and leases to core deposits
  • 83.40%Equity capital to assets
  • 12.87%Core capital (leverage) ratio
  • 12.84%Tier 1 risk-based capital ratio
  • 23.83%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $105,482Average earning assets
  • $13,774Average equity
  • $96,227Average loans

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