FDIC Certificate #: 35097 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank (#12229) Federal Reserve ID: 2803830 Date Established: September 20, 1999 WWW:http://www.northwaystatebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 74676 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 20, 1999 Last Structure Change Effective Date: November 01, 2005 Last Structure Change Process Date: November 22, 2005 Last Data Update: November 22, 2005 Data Source Date: April 05, 2012
Location
Address: 480 West Center Street, Grayslake, IL 60030 County: Lake 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: Lake County-Kenosha County, IL-WI (#29404)
Financial Summary
Total assets: $50.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2004)
Dollar figures in thousands
9Total employees (full-time equivalent)
$50,852Total assets
$2,025Cash and due from depository institutions
$0Interest-bearing balances
$5,300Securities
$0Federal funds sold & reverse repurchase agreements
$41,462Net loans & leases
$496Loan loss allowance
$0Trading account assets
$1,359Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$706All other assets
$50,852Total liabilities and capital
$45,855Total liabilities
$45,650Total deposits
$38,602Interest-bearing deposits
$45,650Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$205All other liabilities
$4,997Total equity capital
$4,997Total bank equity capital
$4,997Perpetual preferred stock
$0Common stock
$598Surplus
$5,360Undivided profits
Memoranda
$-961Noncurrent loans and leases
$5,109Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$34Earning assets
$0Long-term assets (5+ years)
$124Average Assets, year-to-date
$46,762Average Assets, quarterly
$2,232Volatile liabilities
$49,907Insider loans
$51,431FHLB advances
$9,288Loans and leases held for sale
$1,902Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,109Total unused commitments
$0Restructured Loans and leases
$497Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$2,369Total interest income
$767Total interest expense
$1,602Net interest income
$49Provision for loan and lease losses
$176Total noninterest income
$0Fiduciary activities
$87Service charges on deposit accounts
$0Trading account gains & fees
$89Additional noninterest income
$1,467Total noninterest expense
$574Salaries and employee benefits
$413Premises and equipment expense
$480Additional noninterest expense
$262Pre-tax net operating income
$0Securities gains (losses)
$102Applicable income taxes
$160Income before extraordinary items
$0Extraordinary gains - net
$160Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.18%Yield on earning assets
1.68%Cost of funding earning assets
3.50%Net interest margin
0.38%Noninterest income to earning assets
3.21%Noninterest expense to earning assets
0.32%Net operating income to assets
0.32%Return on assets (ROA)
0.52%Pretax return on assets
3.25%Return on equity (ROE)
3.25%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1633.33%Credit loss provision to net charge-offs
103.67%Efficiency ratio
82,508Assets per employee
5.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
1458.82%Noncurrent assets plus other real estate owned to assets
0.07%Noncurrent loans to loans
0.08%Net loans and leases to deposits
90.83%Net loans and leases to core deposits
114.03%Equity capital to assets
9.83%Core capital (leverage) ratio
9.00%Tier 1 risk-based capital ratio
10.43%Total risk-based capital ratio
Memoranda
$12Average assets
$49,907Average earning assets
$4,919Average equity
$45,739Average 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 Northway State 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.
Comment about this bank, ask questions, or add new information about it: