First Midwest Bank, National Association in city_name, state_name

First Midwest Bank, National Association in Waukegan, Illinois (IL)
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First Midwest Bank, National Association - Overview

General
FDIC Certificate #: 21916
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Midwest Bank (#3709)
Federal Reserve ID: 197843
Date Established: Febuary 03, 1975
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 12 (Interstate: No)
FDIC's unique #: 15185
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: Febuary 03, 1975
Last Structure Change Effective Date: May 18, 1995
Last Structure Change Process Date: May 22, 1995
Last Data Update: May 22, 1995
Data Source Date: April 05, 2012
Location
Address: 214 Washington 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: $898.5 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)
$405Total assets
$889,804Cash and due from depository institutions
$43,699Interest-bearing balances
$4,916Securities
$163,034Federal funds sold & reverse repurchase agreements
$100Net loans & leases
$650,289Loan loss allowance
$8,575Trading account assets
$0Bank premises and fixed assets
$11,558Other real estate owned
$3,403Goodwill and other intangibles
$14,301Life insurance assets
$3,420All other assets
$0Total liabilities and capital
$889,804Total liabilities
$821,888Total deposits
$710,084Interest-bearing deposits
$578,442Deposits held in domestic offices
710084.00%% insured (estimated)
$79Federal funds purchased & repurchase agreements
$106,105Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$5,699Total equity capital
$5,699Total bank equity capital
$67,916Perpetual preferred stock
$0Common stock
$13,000Surplus
$30,230Undivided profits
Memoranda
$24,686Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,023Income earned, not collected on loans
$4,006Earning assets
$818,339Long-term assets (5+ years)
$65,609Average Assets, year-to-date
$871,431Average Assets, quarterly
$905,664Volatile liabilities
$196,945Insider loans
$617FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$159,414Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$67,588Total risk weighted assets
$744,910Total unused commitments
$0Restructured Loans and leases
$109,201Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$61,798Total interest expense
$23,888Net interest income
$37,910Provision for loan and lease losses
$3,000Total noninterest income
$8,389Fiduciary activities
$0Service charges on deposit accounts
$4,239Trading account gains & fees
$0Additional noninterest income
$4,150Total noninterest expense
$28,848Salaries and employee benefits
$14,852Premises and equipment expense
$3,206Additional noninterest expense
$10,790Pre-tax net operating income
$14,451Securities gains (losses)
$216Applicable income taxes
$5,352Income before extraordinary items
$9,315Extraordinary gains - net
$0Net income attributable to bank
$9,315Net charge-offs
$2,714Cash dividends
$6,200Sale, 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
7.74%Cost of funding earning assets
2.99%Net interest margin
4.75%Noninterest income to earning assets
1.05%Noninterest expense to earning assets
3.61%Net operating income to assets
1.05%Return on assets (ROA)
1.07%Pretax return on assets
1.68%Return on equity (ROE)
13.98%Retained earnings to average equity (YTD only)
4.68%Net charge-offs to loans
0.44%Credit loss provision to net charge-offs
110.54%Efficiency ratio
61,455Assets per employee
2.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
66.56%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
142.37%Noncurrent assets plus other real estate owned to assets
1.06%Noncurrent loans to loans
0.91%Net loans and leases to deposits
91.58%Net loans and leases to core deposits
105.01%Equity capital to assets
7.63%Core capital (leverage) ratio
7.65%Tier 1 risk-based capital ratio
9.07%Total risk-based capital ratio
Memoranda
$10Average assets
$871,431Average earning assets
$66,611Average equity
$798,107Average loans

First Midwest Bank, National Association in Waukegan, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Midwest Bank, National Association - 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 Midwest Bank, National Association in Waukegan, Illinois (IL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Midwest Bank, National Association - 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 Midwest Bank, National Association in Waukegan, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches