FDIC Certificate #: 29952 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Firstmerit Bank, National Association (#13675) Federal Reserve ID: 967877 Date Established: January 01, 1890 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 4412 FDIC's unique #: 42786 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 20, 1951 Last Structure Change Effective Date: Febuary 19, 2010 Last Structure Change Process Date: Febuary 22, 2010 Last Data Update: Febuary 22, 2010 Data Source Date: April 05, 2012
Location
Address: 14701 South La Grange Road, Orland Park, IL 60462 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: $413.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
54Total employees (full-time equivalent)
$413,673Total assets
$22,528Cash and due from depository institutions
$19,034Interest-bearing balances
$17,562Securities
$33,000Federal funds sold & reverse repurchase agreements
$282,973Net loans & leases
$21,917Loan loss allowance
$0Trading account assets
$9,938Bank premises and fixed assets
$18,835Other real estate owned
$0Goodwill and other intangibles
$8,077Life insurance assets
$28,837All other assets
$413,673Total liabilities and capital
$399,946Total liabilities
$395,310Total deposits
$373,774Interest-bearing deposits
$395,310Deposits held in domestic offices
96.76%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$4,636All other liabilities
$13,727Total equity capital
$13,727Total bank equity capital
$13,727Perpetual preferred stock
$0Common stock
$139Surplus
$9,017Undivided profits
Memoranda
$4,571Noncurrent loans and leases
$35,145Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$124,704Earning assets
$0Long-term assets (5+ years)
$1,270Average Assets, year-to-date
$352,569Average Assets, quarterly
$31,572Volatile liabilities
$413,372Insider loans
$417,567FHLB advances
$81,560Loans and leases held for sale
$62Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$647Total risk weighted assets
$35,145Total unused commitments
$0Restructured Loans and leases
$4,400Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$19,895Total interest income
$9,218Total interest expense
$10,677Net interest income
$41,042Provision for loan and lease losses
$1,402Total noninterest income
$0Fiduciary activities
$342Service charges on deposit accounts
$0Trading account gains & fees
$1,060Additional noninterest income
$8,202Total noninterest expense
$3,102Salaries and employee benefits
$1,086Premises and equipment expense
$4,014Additional noninterest expense
-$37,165Pre-tax net operating income
-$925Securities gains (losses)
-$8,655Applicable income taxes
-$29,435Income before extraordinary items
$0Extraordinary gains - net
-$29,435Net income attributable to bank
$0Net charge-offs
-$29,435Cash dividends
$25,365Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.43%Yield on earning assets
2.52%Cost of funding earning assets
2.91%Net interest margin
0.38%Noninterest income to earning assets
2.24%Noninterest expense to earning assets
-6.95%Net operating income to assets
-7.12%Return on assets (ROA)
-9.21%Pretax return on assets
-90.66%Return on equity (ROE)
-90.66%Retained earnings to average equity (YTD only)
7.37%Net charge-offs to loans
161.81%Credit loss provision to net charge-offs
0.15%Efficiency ratio
67,903Assets per employee
7.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
7.19%Loss allowance to noncurrent loans
17.58%Noncurrent assets plus other real estate owned to assets
34.70%Noncurrent loans to loans
40.90%Net loans and leases to deposits
71.58%Net loans and leases to core deposits
90.19%Equity capital to assets
3.32%Core capital (leverage) ratio
2.75%Tier 1 risk-based capital ratio
3.45%Total risk-based capital ratio
Memoranda
$5Average assets
$413,372Average earning assets
$32,469Average equity
$366,456Average loans
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