FDIC Certificate #: 28427 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Harvard Savings Bank (#28938) Federal Reserve ID: 344674 Date Established: January 01, 1917 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 1569 FDIC's unique #: 41261 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: October 15, 1952 Last Structure Change Effective Date: April 19, 2008 Last Structure Change Process Date: May 06, 2008 Last Data Update: May 06, 2008 Data Source Date: April 05, 2012
Location
Address: 211 E Jefferson, Morris, IL 60450 County: Grundy Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Princeton 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: $35.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
10Total employees (full-time equivalent)
$32,869Total assets
$853Cash and due from depository institutions
$132Interest-bearing balances
$3,191Securities
$0Federal funds sold & reverse repurchase agreements
$22,547Net loans & leases
$113Loan loss allowance
$0Trading account assets
$1,352Bank premises and fixed assets
$0Other real estate owned
$129Goodwill and other intangibles
$1,169Life insurance assets
$4,797All other assets
$32,869Total liabilities and capital
$30,373Total liabilities
$22,702Total deposits
$21,210Interest-bearing deposits
$22,702Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,276Other borrowed funds
$0Subordinated debt
$1,395All other liabilities
$2,496Total equity capital
$2,496Total bank equity capital
$2,496Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$2,496Noncurrent loans and leases
$1,435Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$85Earning assets
$0Long-term assets (5+ years)
$132Average Assets, year-to-date
$25,870Average Assets, quarterly
$15,513Volatile liabilities
$33,508Insider loans
$33,420FHLB advances
$2,345Loans and leases held for sale
$488Unused loan commitments
$6,276Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,435Total unused commitments
$0Restructured Loans and leases
$113Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$1,718Total interest income
$831Total interest expense
$887Net interest income
$2Provision for loan and lease losses
$156Total noninterest income
$0Fiduciary activities
$63Service charges on deposit accounts
$0Trading account gains & fees
$93Additional noninterest income
$1,875Total noninterest expense
$588Salaries and employee benefits
$353Premises and equipment expense
$934Additional noninterest expense
-$834Pre-tax net operating income
-$11Securities gains (losses)
$0Applicable income taxes
-$845Income before extraordinary items
$0Extraordinary gains - net
-$845Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.39%Yield on earning assets
3.09%Cost of funding earning assets
3.30%Net interest margin
0.58%Noninterest income to earning assets
6.98%Noninterest expense to earning assets
-2.49%Net operating income to assets
-2.52%Return on assets (ROA)
-2.52%Pretax return on assets
-27.77%Return on equity (ROE)
-27.77%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
20.00%Credit loss provision to net charge-offs
-83.20%Efficiency ratio
179,770Assets per employee
3.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.50%Loss allowance to noncurrent loans
132.94%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.38%Net loans and leases to deposits
99.32%Net loans and leases to core deposits
102.14%Equity capital to assets
7.59%Core capital (leverage) ratio
7.37%Tier 1 risk-based capital ratio
13.03%Total risk-based capital ratio
Memoranda
$14Average assets
$33,508Average earning assets
$3,043Average equity
$26,875Average loans
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