First Federal Savings and Loan Association of Westchester
First Federal Savings and Loan Association of Westchester in Westchester, Illinois (IL) Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of December 31, 1998
First Federal Savings and Loan Association of Westchester in Westchester, Illinois (IL)
First Federal Savings and Loan Association of Westchester - Overview
General
FDIC Certificate #: 28170 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:MIDAMERICA BANK, FSB (#28671) Federal Reserve ID: 677279 Date Established: January 01, 1906 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1048 FDIC's unique #: 41004 Numeric code: 37 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: March 28, 1951 Last Structure Change Effective Date: December 31, 1998 Last Structure Change Process Date: Febuary 18, 1999 Last Data Update: Febuary 18, 1999 Data Source Date: April 05, 2012
Location
Address: 2121 S Mannheim Road, Westchester, IL 60153 County: Cook 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: $311.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
55Total employees (full-time equivalent)
$309,346Total assets
$3,731Cash and due from depository institutions
$95Interest-bearing balances
$51,366Securities
$7,782Federal funds sold & reverse repurchase agreements
$240,098Net loans & leases
$728Loan loss allowance
$0Trading account assets
$2,092Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,277All other assets
$309,346Total liabilities and capital
$267,501Total liabilities
$265,144Total deposits
$258,922Interest-bearing deposits
$265,144Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$373Other borrowed funds
$0Subordinated debt
$1,984All other liabilities
$41,845Total equity capital
$41,845Total bank equity capital
$41,845Perpetual preferred stock
$0Common stock
$1Surplus
$11,491Undivided profits
Memoranda
$30,353Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$472Earning assets
$0Long-term assets (5+ years)
$787Average Assets, year-to-date
$299,341Average Assets, quarterly
$0Volatile liabilities
$304,634Insider loans
$305,664FHLB advances
$29,451Loans and leases held for sale
$370Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,718Total unused commitments
$0Restructured Loans and leases
$144,038Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$23,308Total interest income
$12,657Total interest expense
$10,651Net interest income
$0Provision for loan and lease losses
$969Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$969Additional noninterest income
$4,811Total noninterest expense
$3,220Salaries and employee benefits
$730Premises and equipment expense
$861Additional noninterest expense
$6,809Pre-tax net operating income
$0Securities gains (losses)
$2,534Applicable income taxes
$4,275Income before extraordinary items
$0Extraordinary gains - net
$4,275Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$20Sale, conversion, retirement of capital stock, net
$3,100Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.90%Yield on earning assets
4.29%Cost of funding earning assets
3.61%Net interest margin
0.33%Noninterest income to earning assets
1.63%Noninterest expense to earning assets
1.40%Net operating income to assets
1.40%Return on assets (ROA)
2.24%Pretax return on assets
10.50%Return on equity (ROE)
2.89%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
41,403Assets per employee
5.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
72.51%Loss allowance to loans
0.30%Loss allowance to noncurrent loans
154.24%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.20%Net loans and leases to deposits
90.55%Net loans and leases to core deposits
101.71%Equity capital to assets
13.53%Core capital (leverage) ratio
13.43%Tier 1 risk-based capital ratio
28.81%Total risk-based capital ratio
Memoranda
$29Average assets
$304,634Average earning assets
$40,703Average equity
$295,050Average loans
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First Federal Savings and Loan Association of Westchester
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