First National Bank of Morton Grove in city_name, state_name

First National Bank of Morton Grove in Morton Grove, Illinois (IL)
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First National Bank of Morton Grove - Overview

General
FDIC Certificate #: 17064
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: MB Financial Bank, National Association (#3628)
Federal Reserve ID: 717241
Date Established: December 15, 1951
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 11120
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: December 15, 1951
Last Structure Change Effective Date: November 07, 2001
Last Structure Change Process Date: November 20, 2001
Last Data Update: November 20, 2001
Data Source Date: April 05, 2012
Location
Address: 6201 West Dempster Street, Morton Grove, IL 60053
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: $323.5 mil

1992 - 1999 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, 2000)

Dollar figures in thousands
32Total employees (full-time equivalent)
$308,330Total assets
$5,378Cash and due from depository institutions
$96Interest-bearing balances
$132,351Securities
$8,225Federal funds sold & reverse repurchase agreements
$154,146Net loans & leases
$1,918Loan loss allowance
$0Trading account assets
$3,876Bank premises and fixed assets
$0Other real estate owned
$1,225Goodwill and other intangibles
$0Life insurance assets
$3,129All other assets
$308,330Total liabilities and capital
$285,157Total liabilities
$265,980Total deposits
$235,165Interest-bearing deposits
$265,980Deposits held in domestic offices
0.00%% insured (estimated)
$17,448Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,729All other liabilities
$23,173Total equity capital
$23,173Total bank equity capital
$23,173Perpetual preferred stock
$0Common stock
$1,700Surplus
$2,540Undivided profits
Memoranda
$18,933Noncurrent loans and leases
$40,143Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,467Earning assets
$0Long-term assets (5+ years)
$999Average Assets, year-to-date
$294,818Average Assets, quarterly
$38,763Volatile liabilities
$294,723Insider loans
$307,141FHLB advances
$63,882Loans and leases held for sale
$2,185Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$40,143Total unused commitments
$0Restructured Loans and leases
$1,918Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$19,994Total interest income
$10,796Total interest expense
$9,198Net interest income
$1,049Provision for loan and lease losses
$1,186Total noninterest income
$0Fiduciary activities
$663Service charges on deposit accounts
$0Trading account gains & fees
$523Additional noninterest income
$5,254Total noninterest expense
$1,684Salaries and employee benefits
$813Premises and equipment expense
$2,757Additional noninterest expense
$4,081Pre-tax net operating income
$0Securities gains (losses)
$503Applicable income taxes
$3,578Income before extraordinary items
$0Extraordinary gains - net
$3,578Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$278Sale, conversion, retirement of capital stock, net
$3,000Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.14%Yield on earning assets
3.86%Cost of funding earning assets
3.29%Net interest margin
0.42%Noninterest income to earning assets
1.88%Noninterest expense to earning assets
1.21%Net operating income to assets
1.21%Return on assets (ROA)
1.38%Pretax return on assets
15.71%Return on equity (ROE)
2.54%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
377.34%Credit loss provision to net charge-offs
18.45%Efficiency ratio
49,663Assets per employee
9.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
83.85%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
77.75%Noncurrent assets plus other real estate owned to assets
0.80%Noncurrent loans to loans
1.58%Net loans and leases to deposits
57.95%Net loans and leases to core deposits
70.21%Equity capital to assets
7.52%Core capital (leverage) ratio
7.23%Tier 1 risk-based capital ratio
11.61%Total risk-based capital ratio
Memoranda
$13Average assets
$294,723Average earning assets
$22,780Average equity
$279,872Average loans

First National Bank of Morton Grove in Morton Grove, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Morton Grove - Overview

Assets and Liabilities (December 31, 2000)

Income and Expense (December 31, 2000)

Performance and Condition Ratios (December 31, 2000)

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

First National Bank of Morton Grove in Morton Grove, Illinois (IL)Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Morton Grove - Overview

Assets and Liabilities (December 31, 2000)

Income and Expense (December 31, 2000)

Performance and Condition Ratios (December 31, 2000)

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

First National Bank of Morton Grove in Morton Grove, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches