Founders Bank in Worth, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 02, 2009

  • Founders Bank in Worth, Illinois (IL)
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Founders Bank - Overview

  • General
  • FDIC Certificate #: 18390
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: The PrivateBank and Trust Company (#33306)
    Federal Reserve ID: 554745
    Date Established: June 03, 1961
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 12 (Interstate: No)
    FDIC's unique #: 12298
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 03, 1961
    Last Structure Change Effective Date: July 02, 2009
    Last Structure Change Process Date: July 06, 2009
    Last Data Update: July 06, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 6825 West 111th Street, Worth, IL 60482
    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: $889.2 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, 2008)

  • Dollar figures in thousands
  • 211Total employees (full-time equivalent)
  • $930,707Total assets
  • $31,930Cash and due from depository institutions
  • $281Interest-bearing balances
  • $225,831Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $603,545Net loans & leases
  • $14,701Loan loss allowance
  • $0Trading account assets
  • $27,404Bank premises and fixed assets
  • $7,793Other real estate owned
  • $9Goodwill and other intangibles
  • $15,799Life insurance assets
  • $34,195All other assets
  • $930,707Total liabilities and capital
  • $882,018Total liabilities
  • $791,550Total deposits
  • $652,128Interest-bearing deposits
  • $791,550Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $52,966Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $24,000Other borrowed funds
  • $10,000Subordinated debt
  • $3,502All other liabilities
  • $48,689Total equity capital
  • $48,689Total bank equity capital
  • $48,689Perpetual preferred stock
  • $0Common stock
  • $1,234Surplus
  • $35,116Undivided profits
  • Memoranda
  • $12,339Noncurrent loans and leases
  • $106,006Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $46,286Earning assets
  • $0Long-term assets (5+ years)
  • $4,338Average Assets, year-to-date
  • $829,657Average Assets, quarterly
  • $34,779Volatile liabilities
  • $964,022Insider loans
  • $947,204FHLB advances
  • $209,270Loans and leases held for sale
  • $5,240Unused loan commitments
  • $24,000Tier 1 (core) risk-based capital
  • $19Tier 2 risk-based capital
  • $3,363Total risk weighted assets
  • $106,006Total unused commitments
  • $0Restructured Loans and leases
  • $19,340Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $49,642Total interest income
  • $23,045Total interest expense
  • $26,597Net interest income
  • $13,036Provision for loan and lease losses
  • $10,224Total noninterest income
  • $1,811Fiduciary activities
  • $4,456Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,957Additional noninterest income
  • $28,222Total noninterest expense
  • $13,053Salaries and employee benefits
  • $5,025Premises and equipment expense
  • $10,144Additional noninterest expense
  • -$4,437Pre-tax net operating income
  • -$4,775Securities gains (losses)
  • -$3,261Applicable income taxes
  • -$5,951Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,951Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $7,538Sale, conversion, retirement of capital stock, net
  • $1,600Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.70%Yield on earning assets
  • 2.65%Cost of funding earning assets
  • 3.06%Net interest margin
  • 1.17%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • -0.30%Net operating income to assets
  • -0.62%Return on assets (ROA)
  • -0.96%Pretax return on assets
  • -10.38%Return on equity (ROE)
  • -13.17%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 172.94%Credit loss provision to net charge-offs
  • 1.14%Efficiency ratio
  • 76,646Assets per employee
  • 4.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -26.89%Loss allowance to loans
  • 2.38%Loss allowance to noncurrent loans
  • 31.76%Noncurrent assets plus other real estate owned to assets
  • 6.75%Noncurrent loans to loans
  • 7.49%Net loans and leases to deposits
  • 76.25%Net loans and leases to core deposits
  • 95.01%Equity capital to assets
  • 5.23%Core capital (leverage) ratio
  • 5.92%Tier 1 risk-based capital ratio
  • 7.69%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $964,022Average earning assets
  • $57,340Average equity
  • $870,349Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $274,706Managed Assets
  • 1Number of Accounts
  • $236,286Personal trust and agency accounts
  • $79,223Employee benefit-defined contribution accounts
  • $23,139Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $17,521Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $116,403Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 441Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $38,420Other retirement accounts
  • $19,620Corporate trust and agency accounts
  • $1,703Other fiduciary accounts
  • $16,787Fiduciary accounts held in foreign offices

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