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

This bank is inactive as of Febuary 27, 2009

  • Heritage Community Bank in Glenwood, Illinois (IL)
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Heritage Community Bank - Overview

  • General
  • FDIC Certificate #: 20078
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: MB Financial Bank, National Association (#3628)
    Federal Reserve ID: 621432
    Date Established: November 28, 1969
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 10234
    FDIC's unique #: 13792
    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: November 28, 1969
    Last Structure Change Effective Date: Febuary 27, 2009
    Last Structure Change Process Date: March 03, 2009
    Last Data Update: March 03, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 18301 South Halsted Street, Glenwood, IL 60425
    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: $235.2 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
  • 61Total employees (full-time equivalent)
  • $235,154Total assets
  • $5,222Cash and due from depository institutions
  • $0Interest-bearing balances
  • $24,992Securities
  • $25,700Federal funds sold & reverse repurchase agreements
  • $173,015Net loans & leases
  • $2,997Loan loss allowance
  • $0Trading account assets
  • $2,345Bank premises and fixed assets
  • $934Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,946All other assets
  • $235,154Total liabilities and capital
  • $230,278Total liabilities
  • $225,735Total deposits
  • $205,574Interest-bearing deposits
  • $225,735Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,917Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $626All other liabilities
  • $4,876Total equity capital
  • $4,876Total bank equity capital
  • $4,876Perpetual preferred stock
  • $0Common stock
  • $1,770Surplus
  • $9,584Undivided profits
  • Memoranda
  • $-6,478Noncurrent loans and leases
  • $35,314Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $32,273Earning assets
  • $0Long-term assets (5+ years)
  • $1,239Average Assets, year-to-date
  • $223,707Average Assets, quarterly
  • $20,199Volatile liabilities
  • $264,169Insider loans
  • $231,383FHLB advances
  • $34,329Loans and leases held for sale
  • $648Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $35,314Total unused commitments
  • $7,276Restructured Loans and leases
  • $2,209Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $13,612Total interest income
  • $6,450Total interest expense
  • $7,162Net interest income
  • $20,750Provision for loan and lease losses
  • $1,130Total noninterest income
  • $0Fiduciary activities
  • $571Service charges on deposit accounts
  • $0Trading account gains & fees
  • $559Additional noninterest income
  • $8,724Total noninterest expense
  • $3,707Salaries and employee benefits
  • $1,380Premises and equipment expense
  • $3,637Additional noninterest expense
  • -$21,182Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$21,182Income before extraordinary items
  • $0Extraordinary gains - net
  • -$21,182Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $22,209Sale, conversion, retirement of capital stock, net
  • $700Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.44%Yield on earning assets
  • 2.58%Cost of funding earning assets
  • 2.86%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • -8.02%Net operating income to assets
  • -8.02%Return on assets (ROA)
  • -8.02%Pretax return on assets
  • -129.74%Return on equity (ROE)
  • -134.03%Retained earnings to average equity (YTD only)
  • 10.76%Net charge-offs to loans
  • 93.43%Credit loss provision to net charge-offs
  • -0.02%Efficiency ratio
  • 105,210Assets per employee
  • 3.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -3.30%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 9.29%Noncurrent assets plus other real estate owned to assets
  • 14.12%Noncurrent loans to loans
  • 18.34%Net loans and leases to deposits
  • 76.65%Net loans and leases to core deposits
  • 88.58%Equity capital to assets
  • 2.07%Core capital (leverage) ratio
  • 2.04%Tier 1 risk-based capital ratio
  • 2.58%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $264,169Average earning assets
  • $16,327Average equity
  • $250,142Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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