First Federal of Elgin, F.S.A. in city_name, state_name - Detailed Financial Reports, Location

First Federal of Elgin, F.S.A. in Elgin, Illinois (IL)
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First Federal of Elgin, F.S.A. - Overview

General
FDIC Certificate #: 32451
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Old Kent Bank (#915)
Federal Reserve ID: 245977
Date Established: January 22, 1986
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 8276
FDIC's unique #: 45285
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: January 22, 1986
Last Structure Change Effective Date: January 01, 1993
Last Structure Change Process Date: January 28, 1993
Last Data Update: January 28, 1993
Data Source Date: April 05, 2012
Location
Address: 28 North Grove Avenue, Elgin, IL 60120
County: Kane
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: $275.1 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$128Total assets
$275,119Cash and due from depository institutions
$4,796Interest-bearing balances
$106Securities
$28,849Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$223,943Loan loss allowance
$2,105Trading account assets
$0Bank premises and fixed assets
$3,482Other real estate owned
$315Goodwill and other intangibles
$7,463Life insurance assets
$6,271All other assets
$0Total liabilities and capital
$275,119Total liabilities
$260,753Total deposits
$198,116Interest-bearing deposits
$162,268Deposits held in domestic offices
198116.00%% insured (estimated)
$99Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$56,000Subordinated debt
$0All other liabilities
$6,637Total equity capital
$6,637Total bank equity capital
$14,366Perpetual preferred stock
$0Common stock
$2,500Surplus
$9,935Undivided profits
Memoranda
$1,931Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$915Income earned, not collected on loans
$1,001Earning assets
$252,898Long-term assets (5+ years)
$0Average Assets, year-to-date
$274,620Average Assets, quarterly
$278,649Volatile liabilities
$64,110Insider loans
$0FHLB advances
$32,000Loans and leases held for sale
$0Unused loan commitments
$25,263Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$14,153Total risk weighted assets
$160,002Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$22,091Total interest expense
$11,594Net interest income
$10,497Provision for loan and lease losses
$2,114Total noninterest income
$3,088Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$1Additional noninterest income
$3,089Total noninterest expense
$10,059Salaries and employee benefits
$5,851Premises and equipment expense
$1,876Additional noninterest expense
$2,332Pre-tax net operating income
$1,412Securities gains (losses)
$2,090Applicable income taxes
$2,164Income before extraordinary items
$1,338Extraordinary gains - net
$0Net income attributable to bank
$1,338Net charge-offs
$673Cash dividends
$850Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.78%Cost of funding earning assets
4.61%Net interest margin
4.17%Noninterest income to earning assets
1.23%Noninterest expense to earning assets
4.00%Net operating income to assets
0.00%Return on assets (ROA)
0.49%Pretax return on assets
1.28%Return on equity (ROE)
9.06%Retained earnings to average equity (YTD only)
3.30%Net charge-offs to loans
0.31%Credit loss provision to net charge-offs
314.12%Efficiency ratio
71,365Assets per employee
2.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.53%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
230.05%Noncurrent assets plus other real estate owned to assets
0.45%Noncurrent loans to loans
0.40%Net loans and leases to deposits
113.04%Net loans and leases to core deposits
117.86%Equity capital to assets
5.22%Core capital (leverage) ratio
5.17%Tier 1 risk-based capital ratio
8.85%Total risk-based capital ratio
Memoranda
$10Average assets
$274,620Average earning assets
$14,774Average equity
$251,616Average loans

First Federal of Elgin, F.S.A. in Elgin, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal of Elgin, F.S.A. - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

First Federal of Elgin, F.S.A. in Elgin, Illinois (IL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal of Elgin, F.S.A. - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

First Federal of Elgin, F.S.A. in Elgin, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches