Heritage Bank Midlothian in Midlothian, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 15, 1994

  • Heritage Bank Midlothian in Midlothian, Illinois (IL)
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Heritage Bank Midlothian - Overview

  • General
  • FDIC Certificate #: 18253
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Heritage Bank (#9272)
    Federal Reserve ID: 951344
    Date Established: June 03, 1960
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 12169
    Numeric code: 21
    Regulator: FDIC
    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: June 03, 1960
    Last Structure Change Effective Date: October 15, 1994
    Last Structure Change Process Date: October 27, 1994
    Last Data Update: October 27, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 3737 West 147th Street, Midlothian, IL 60445
    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: $117.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $72Total assets
  • $106,913Cash and due from depository institutions
  • $2,673Interest-bearing balances
  • $0Securities
  • $31,251Federal funds sold & reverse repurchase agreements
  • $2,725Net loans & leases
  • $67,138Loan loss allowance
  • $780Trading account assets
  • $0Bank premises and fixed assets
  • $2,134Other real estate owned
  • $0Goodwill and other intangibles
  • $992Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $106,913Total liabilities
  • $98,249Total deposits
  • $97,085Interest-bearing deposits
  • $85,178Deposits held in domestic offices
  • 97085.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,164Total equity capital
  • $1,164Total bank equity capital
  • $8,664Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $4,750Undivided profits
  • Memoranda
  • $3,164Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $995Income earned, not collected on loans
  • $381Earning assets
  • $101,114Long-term assets (5+ years)
  • $64,720Average Assets, year-to-date
  • $103,610Average Assets, quarterly
  • $105,751Volatile liabilities
  • $11,992Insider loans
  • $55FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $238Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,664Total risk weighted assets
  • $73,138Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,739Total interest expense
  • $3,630Net interest income
  • $6,109Provision for loan and lease losses
  • $180Total noninterest income
  • $569Fiduciary activities
  • $0Service charges on deposit accounts
  • $466Trading account gains & fees
  • $0Additional noninterest income
  • $103Total noninterest expense
  • $4,490Salaries and employee benefits
  • $2,429Premises and equipment expense
  • $844Additional noninterest expense
  • $1,217Pre-tax net operating income
  • $2,008Securities gains (losses)
  • $56Applicable income taxes
  • $675Income before extraordinary items
  • $1,389Extraordinary gains - net
  • $43Net income attributable to bank
  • $1,432Net charge-offs
  • $59Cash dividends
  • $500Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.99%Cost of funding earning assets
  • 3.72%Net interest margin
  • 6.26%Noninterest income to earning assets
  • 0.58%Noninterest expense to earning assets
  • 4.60%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 2.03%Return on equity (ROE)
  • 17.22%Retained earnings to average equity (YTD only)
  • 11.20%Net charge-offs to loans
  • 0.09%Credit loss provision to net charge-offs
  • 305.08%Efficiency ratio
  • 67,236Assets per employee
  • 1.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.92%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 78.39%Noncurrent assets plus other real estate owned to assets
  • 0.93%Noncurrent loans to loans
  • 1.47%Net loans and leases to deposits
  • 69.15%Net loans and leases to core deposits
  • 78.90%Equity capital to assets
  • 8.10%Core capital (leverage) ratio
  • 8.12%Tier 1 risk-based capital ratio
  • 11.85%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $103,610Average earning assets
  • $8,318Average equity
  • $97,523Average loans

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