Grand National Bank in Waukegan, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 19, 1996

  • Grand National Bank in Waukegan, Illinois (IL)
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Grand National Bank - Overview

  • General
  • FDIC Certificate #: 20715
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Grand National Bank (#18350)
    Federal Reserve ID: 270447
    Date Established: June 19, 1972
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 10374
    FDIC's unique #: 14305
    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: June 19, 1972
    Last Structure Change Effective Date: Febuary 19, 1996
    Last Structure Change Process Date: March 08, 1996
    Last Data Update: March 08, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 2323 West Grand Avenue, 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: $273.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $111Total assets
  • $272,964Cash and due from depository institutions
  • $6,177Interest-bearing balances
  • $97Securities
  • $115,948Federal funds sold & reverse repurchase agreements
  • $3,000Net loans & leases
  • $138,004Loan loss allowance
  • $1,867Trading account assets
  • $0Bank premises and fixed assets
  • $6,071Other real estate owned
  • $633Goodwill and other intangibles
  • $3,131Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $272,964Total liabilities
  • $246,235Total deposits
  • $212,031Interest-bearing deposits
  • $182,556Deposits held in domestic offices
  • 212031.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $30,776Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $3,428Total equity capital
  • $3,428Total bank equity capital
  • $26,729Perpetual preferred stock
  • $0Common stock
  • $2,450Surplus
  • $2,550Undivided profits
  • Memoranda
  • $21,729Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,171Income earned, not collected on loans
  • $804Earning assets
  • $257,049Long-term assets (5+ years)
  • $62,551Average Assets, year-to-date
  • $265,976Average Assets, quarterly
  • $270,959Volatile liabilities
  • $53,512Insider loans
  • $7,527FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $46,986Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $24,210Total risk weighted assets
  • $180,549Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $18,893Total interest expense
  • $9,676Net interest income
  • $9,217Provision for loan and lease losses
  • $40Total noninterest income
  • $1,947Fiduciary activities
  • $458Service charges on deposit accounts
  • $1,057Trading account gains & fees
  • $0Additional noninterest income
  • $432Total noninterest expense
  • $7,681Salaries and employee benefits
  • $3,714Premises and equipment expense
  • $1,053Additional noninterest expense
  • $2,914Pre-tax net operating income
  • $3,443Securities gains (losses)
  • -$53Applicable income taxes
  • $729Income before extraordinary items
  • $2,661Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,661Net charge-offs
  • $418Cash dividends
  • $2,300Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.58%Cost of funding earning assets
  • 3.88%Net interest margin
  • 3.70%Noninterest income to earning assets
  • 0.78%Noninterest expense to earning assets
  • 3.08%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 1.27%Return on equity (ROE)
  • 10.97%Retained earnings to average equity (YTD only)
  • 1.49%Net charge-offs to loans
  • 0.32%Credit loss provision to net charge-offs
  • 9.57%Efficiency ratio
  • 68,802Assets per employee
  • 2.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 86.43%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 159.44%Noncurrent assets plus other real estate owned to assets
  • 0.66%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 65.09%Net loans and leases to core deposits
  • 72.90%Equity capital to assets
  • 9.79%Core capital (leverage) ratio
  • 9.10%Tier 1 risk-based capital ratio
  • 13.41%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $265,976Average earning assets
  • $24,247Average equity
  • $249,146Average loans

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