Midwest Bank of Mc Henry County in Union, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 19, 2002

  • Midwest Bank of Mc Henry County in Union, Illinois (IL)
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Midwest Bank of Mc Henry County - Overview

  • General
  • FDIC Certificate #: 11304
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Midwest Bank and Trust Company (#18117)
    Federal Reserve ID: 469849
    Date Established: August 01, 1911
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    OTS Docket #: 13710
    FDIC's unique #: 7217
    Numeric code: 13
    Regulator: FED
    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: January 01, 1934
    Last Structure Change Effective Date: August 19, 2002
    Last Structure Change Process Date: October 21, 2002
    Last Data Update: October 21, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 8 East Depot Street, Union, IL 60180
    County: Mchenry
    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: $375.1 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, 2001)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $370,131Total assets
  • $5,730Cash and due from depository institutions
  • $75Interest-bearing balances
  • $147,681Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $203,458Net loans & leases
  • $2,060Loan loss allowance
  • $0Trading account assets
  • $3,130Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $10,132All other assets
  • $370,131Total liabilities and capital
  • $346,051Total liabilities
  • $218,573Total deposits
  • $202,743Interest-bearing deposits
  • $218,573Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $48,575Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $68,493Other borrowed funds
  • $0Subordinated debt
  • $10,410All other liabilities
  • $24,080Total equity capital
  • $24,080Total bank equity capital
  • $24,080Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $12,500Undivided profits
  • Memoranda
  • $11,280Noncurrent loans and leases
  • $56,304Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,219Earning assets
  • $0Long-term assets (5+ years)
  • $1,712Average Assets, year-to-date
  • $351,214Average Assets, quarterly
  • $131,903Volatile liabilities
  • $336,118Insider loans
  • $362,020FHLB advances
  • $102,474Loans and leases held for sale
  • $147Unused loan commitments
  • $68,000Tier 1 (core) risk-based capital
  • $58,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $56,304Total unused commitments
  • $0Restructured Loans and leases
  • $2,080Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $24,148Total interest income
  • $14,680Total interest expense
  • $9,468Net interest income
  • $510Provision for loan and lease losses
  • $1,346Total noninterest income
  • $0Fiduciary activities
  • $578Service charges on deposit accounts
  • $319Trading account gains & fees
  • $449Additional noninterest income
  • $4,690Total noninterest expense
  • $2,201Salaries and employee benefits
  • $671Premises and equipment expense
  • $1,818Additional noninterest expense
  • $5,614Pre-tax net operating income
  • $512Securities gains (losses)
  • $2,065Applicable income taxes
  • $4,061Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,061Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $146Sale, conversion, retirement of capital stock, net
  • $1,200Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.61%Yield on earning assets
  • 4.62%Cost of funding earning assets
  • 2.98%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 1.48%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.82%Pretax return on assets
  • 17.98%Return on equity (ROE)
  • 12.67%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 349.32%Credit loss provision to net charge-offs
  • 41.95%Efficiency ratio
  • 43,370Assets per employee
  • 8.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.55%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 168.99%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 93.08%Net loans and leases to core deposits
  • 115.82%Equity capital to assets
  • 6.51%Core capital (leverage) ratio
  • 6.81%Tier 1 risk-based capital ratio
  • 10.64%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $336,118Average earning assets
  • $22,587Average equity
  • $317,502Average loans

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