Mount Greenwood Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1998

  • Mount Greenwood Bank in Chicago, Illinois (IL)
  • Show street view No street view available for this location

Mount Greenwood Bank - Overview

  • General
  • FDIC Certificate #: 17052
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Founders Bank (#18390)
    Federal Reserve ID: 658830
    Date Established: September 27, 1951
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 11113
    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: September 27, 1951
    Last Structure Change Effective Date: June 01, 1998
    Last Structure Change Process Date: June 10, 1998
    Last Data Update: June 10, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 3052 West 111th Street, Chicago, IL 60655
    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: $148.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 71Total employees (full-time equivalent)
  • $142,304Total assets
  • $5,899Cash and due from depository institutions
  • $0Interest-bearing balances
  • $63,444Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $68,399Net loans & leases
  • $936Loan loss allowance
  • $0Trading account assets
  • $2,420Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,142All other assets
  • $142,304Total liabilities and capital
  • $134,101Total liabilities
  • $131,413Total deposits
  • $109,041Interest-bearing deposits
  • $131,413Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,737Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $951All other liabilities
  • $8,203Total equity capital
  • $8,203Total bank equity capital
  • $8,203Perpetual preferred stock
  • $0Common stock
  • $1,940Surplus
  • $4,160Undivided profits
  • Memoranda
  • $2,103Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $674Earning assets
  • $0Long-term assets (5+ years)
  • $319Average Assets, year-to-date
  • $131,843Average Assets, quarterly
  • $46,411Volatile liabilities
  • $143,705Insider loans
  • $146,055FHLB advances
  • $9,721Loans and leases held for sale
  • $459Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,808Total unused commitments
  • $0Restructured Loans and leases
  • $82,699Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $10,050Total interest income
  • $4,741Total interest expense
  • $5,309Net interest income
  • $336Provision for loan and lease losses
  • $1,233Total noninterest income
  • $54Fiduciary activities
  • $883Service charges on deposit accounts
  • $0Trading account gains & fees
  • $296Additional noninterest income
  • $5,181Total noninterest expense
  • $2,636Salaries and employee benefits
  • $713Premises and equipment expense
  • $1,832Additional noninterest expense
  • $1,025Pre-tax net operating income
  • $190Securities gains (losses)
  • $207Applicable income taxes
  • $1,008Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,008Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$23Sale, conversion, retirement of capital stock, net
  • $1,319Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.59%Yield on earning assets
  • 3.58%Cost of funding earning assets
  • 4.01%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 3.91%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 12.41%Return on equity (ROE)
  • -3.83%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -1460.87%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 79,196Assets per employee
  • 2.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 130.85%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 138.87%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.97%Net loans and leases to deposits
  • 52.05%Net loans and leases to core deposits
  • 55.42%Equity capital to assets
  • 5.76%Core capital (leverage) ratio
  • 5.31%Tier 1 risk-based capital ratio
  • 9.38%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $143,705Average earning assets
  • $8,124Average equity
  • $132,485Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Mount Greenwood Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents