FDIC Certificate #: 16884 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Norstates Bank (#18626) Federal Reserve ID: 944841 Date Established: May 07, 1949 WWW:http://www.bankofwaukegan.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 10976 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 10, 1950 Last Structure Change Effective Date: November 11, 2005 Last Structure Change Process Date: November 22, 2005 Last Data Update: November 22, 2005 Data Source Date: April 05, 2012
Location
Address: 1777 North Cedar Lake Road, Round Lake, IL 60073 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: $135.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2004)
Dollar figures in thousands
28Total employees (full-time equivalent)
$130,516Total assets
$7,839Cash and due from depository institutions
$0Interest-bearing balances
$29,192Securities
$7,395Federal funds sold & reverse repurchase agreements
$69,336Net loans & leases
$795Loan loss allowance
$0Trading account assets
$3,869Bank premises and fixed assets
$0Other real estate owned
$12,219Goodwill and other intangibles
$0Life insurance assets
$666All other assets
$130,516Total liabilities and capital
$108,851Total liabilities
$106,442Total deposits
$94,294Interest-bearing deposits
$106,442Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,409All other liabilities
$21,665Total equity capital
$21,665Total bank equity capital
$21,665Perpetual preferred stock
$0Common stock
$1,000Surplus
$20,382Undivided profits
Memoranda
$283Noncurrent loans and leases
$10,781Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,704Earning assets
$115Long-term assets (5+ years)
$425Average Assets, year-to-date
$105,923Average Assets, quarterly
$6,774Volatile liabilities
$125,715Insider loans
$132,296FHLB advances
$16,574Loans and leases held for sale
$27Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,781Total unused commitments
$0Restructured Loans and leases
$795Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$4,854Total interest income
$944Total interest expense
$3,910Net interest income
$0Provision for loan and lease losses
$685Total noninterest income
$0Fiduciary activities
$403Service charges on deposit accounts
$0Trading account gains & fees
$282Additional noninterest income
$3,728Total noninterest expense
$1,716Salaries and employee benefits
$486Premises and equipment expense
$1,526Additional noninterest expense
$867Pre-tax net operating income
$0Securities gains (losses)
$193Applicable income taxes
$674Income before extraordinary items
$0Extraordinary gains - net
$674Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10Sale, conversion, retirement of capital stock, net
$300Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.64%Yield on earning assets
0.90%Cost of funding earning assets
3.74%Net interest margin
0.65%Noninterest income to earning assets
3.56%Noninterest expense to earning assets
0.54%Net operating income to assets
0.54%Return on assets (ROA)
0.69%Pretax return on assets
3.51%Return on equity (ROE)
1.94%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
86.70%Efficiency ratio
71,034Assets per employee
4.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
44.51%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
46.65%Noncurrent assets plus other real estate owned to assets
1.31%Noncurrent loans to loans
2.43%Net loans and leases to deposits
65.14%Net loans and leases to core deposits
77.15%Equity capital to assets
16.60%Core capital (leverage) ratio
7.71%Tier 1 risk-based capital ratio
10.61%Total risk-based capital ratio
Memoranda
$12Average assets
$125,715Average earning assets
$19,229Average equity
$104,616Average loans
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