Madison Bank, National Association in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 16, 1996

  • Madison Bank, National Association in Chicago, Illinois (IL)
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Madison Bank, National Association - Overview

  • General
  • FDIC Certificate #: 22289
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Corus Bank, National Association (#13693)
    Federal Reserve ID: 116938
    Date Established: June 17, 1976
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 15499
    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 17, 1976
    Last Structure Change Effective Date: September 16, 1996
    Last Structure Change Process Date: October 31, 1996
    Last Data Update: October 31, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 South Riverside Plaza, Chicago, IL 60606
    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: $360.1 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)
  • $44Total assets
  • $334,093Cash and due from depository institutions
  • $9,505Interest-bearing balances
  • $3,200Securities
  • $55,457Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $258,615Loan loss allowance
  • $3,574Trading account assets
  • $0Bank premises and fixed assets
  • $1,499Other real estate owned
  • $689Goodwill and other intangibles
  • $7,073Life insurance assets
  • $1,255All other assets
  • $0Total liabilities and capital
  • $334,093Total liabilities
  • $314,914Total deposits
  • $299,007Interest-bearing deposits
  • $274,716Deposits held in domestic offices
  • 299007.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $14,635Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,272Total equity capital
  • $1,272Total bank equity capital
  • $19,179Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $16,613Undivided profits
  • Memoranda
  • $1,966Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,117Income earned, not collected on loans
  • $3,725Earning assets
  • $317,272Long-term assets (5+ years)
  • $31,651Average Assets, year-to-date
  • $318,610Average Assets, quarterly
  • $323,965Volatile liabilities
  • $19,329Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $29,994Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $17,853Total risk weighted assets
  • $191,020Total unused commitments
  • $0Restructured Loans and leases
  • $55,026Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $26,264Total interest expense
  • $14,623Net interest income
  • $11,641Provision for loan and lease losses
  • $2,475Total noninterest income
  • $892Fiduciary activities
  • $0Service charges on deposit accounts
  • $512Trading account gains & fees
  • $0Additional noninterest income
  • $380Total noninterest expense
  • $6,400Salaries and employee benefits
  • $2,308Premises and equipment expense
  • $850Additional noninterest expense
  • $3,242Pre-tax net operating income
  • $3,658Securities gains (losses)
  • $6Applicable income taxes
  • $1,231Income before extraordinary items
  • $2,433Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,433Net charge-offs
  • $190Cash dividends
  • $2,500Sale, 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
  • 8.69%Cost of funding earning assets
  • 4.84%Net interest margin
  • 3.85%Noninterest income to earning assets
  • 0.30%Noninterest expense to earning assets
  • 2.12%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 1.15%Return on equity (ROE)
  • 12.44%Retained earnings to average equity (YTD only)
  • -0.34%Net charge-offs to loans
  • 0.09%Credit loss provision to net charge-offs
  • 1302.63%Efficiency ratio
  • 49,932Assets per employee
  • 7.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 102.75%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 86.81%Noncurrent assets plus other real estate owned to assets
  • 1.44%Noncurrent loans to loans
  • 1.57%Net loans and leases to deposits
  • 86.49%Net loans and leases to core deposits
  • 87.87%Equity capital to assets
  • 5.74%Core capital (leverage) ratio
  • 5.61%Tier 1 risk-based capital ratio
  • 9.35%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $318,610Average earning assets
  • $19,557Average equity
  • $302,086Average loans

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