FDIC Certificate #: 57597 Status: Inactive Federal Reserve ID: 3201853 Bank Holding Company (Regulatory Top Holder): New City Bancorp, Inc. (RSSDID: 3201844, Location: Chicago, IL) Date Established: October 16, 2003 WWW:http://www.newcitybankchicago.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 366286 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: October 16, 2003 Last Structure Change Effective Date: March 09, 2012 Last Structure Change Process Date: March 12, 2012 Last Data Update: March 12, 2012 Data Source Date: April 05, 2012
Location
Address: 900 South Michigan Avenue, Chicago, IL 60605 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)
History of Changes
Financial Difficulty - Payoff
Financial Summary
Total assets: $71.2 mil Equity capital: -$1.8 mil Deposits held in domestic offices: $72.4 mil Return on assets (ROA): -11.15% (-$7.9 mil) Quarterly return on assets: -19.17% (-$13.6 mil) Return on Equity (ROE): -248.07% ($5.0 mil) Net income: -$9.2 mil Quarterly Net income: -$3.5 mil Pretax return on assets: -11.15% (-$7,939.0 mil) Quarterly Pretax return on assets: -19.18% (-$13,656.5 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
9Total employees (full-time equivalent)
$71,202Total assets
$5,881Cash and due from depository institutions
$5,244Interest-bearing balances
$23,923Securities
$0Federal funds sold & reverse repurchase agreements
$36,390Net loans & leases
$5,822Loan loss allowance
$0Trading account assets
$159Bank premises and fixed assets
$3,996Other real estate owned
$0Goodwill and other intangibles
$71,202Life insurance assets
$853All other assets
$73,003Total liabilities and capital
$72,399Total liabilities
$70,141Total deposits
$72,399Interest-bearing deposits
$93Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$604Subordinated debt
$-1,801All other liabilities
$-1,801Total equity capital
$-1,801Total bank equity capital
$0Perpetual preferred stock
$1,328Common stock
$8,634Surplus
$-11,763Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$11,705Income earned, not collected on loans
$0Earning assets
$517Long-term assets (5+ years)
$65,557Average Assets, year-to-date
$17,531Average Assets, quarterly
$82,240Volatile liabilities
$73,514Insider loans
$45,563FHLB advances
$74,929Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$-1,782Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,088Restructured Loans and leases
$2,939Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,954Total interest income
$938Total interest expense
$3,016Net interest income
$8,277Provision for loan and lease losses
-$1,154Total noninterest income
$0Fiduciary activities
$79Service charges on deposit accounts
$0Trading account gains & fees
-$1,233Additional noninterest income
$2,821Total noninterest expense
$869Salaries and employee benefits
$224Premises and equipment expense
$1,728Additional noninterest expense
-$9,236Pre-tax net operating income
$68Securities gains (losses)
$0Applicable income taxes
-$9,168Income before extraordinary items
$0Extraordinary gains - net
-$9,168Net income attributable to bank
$0Net charge-offs
-$9,168Cash dividends
$4,717Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.39%Yield on earning assets
1.28%Cost of funding earning assets
4.11%Net interest margin
-1.57%Noninterest income to earning assets
3.85%Noninterest expense to earning assets
-11.23%Net operating income to assets
-11.15%Return on assets (ROA)
-11.15%Pretax return on assets
-248.07%Return on equity (ROE)
-248.07%Retained earnings to average equity (YTD only)
9.25%Net charge-offs to loans
175.47%Credit loss provision to net charge-offs
-0.20%Efficiency ratio
151,504Assets per employee
7.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
13.79%Loss allowance to noncurrent loans
49.74%Noncurrent assets plus other real estate owned to assets
22.05%Noncurrent loans to loans
27.73%Net loans and leases to deposits
50.26%Net loans and leases to core deposits
84.34%Equity capital to assets
-2.53%Core capital (leverage) ratio
-2.38%Tier 1 risk-based capital ratio
-3.91%Total risk-based capital ratio
Memoranda
-$4Average assets
$82,240Average earning assets
$3,696Average equity
$73,354Average loans
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