Northwestern Savings Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 30, 1996

  • Northwestern Savings Bank in Chicago, Illinois (IL)
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Northwestern Savings Bank - Overview

  • General
  • FDIC Certificate #: 27911
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: MIDAMERICA BANK, FSB (#28671)
    Federal Reserve ID: 682077
    Date Established: January 01, 1919
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 531
    FDIC's unique #: 40745
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 26, 1938
    Last Structure Change Effective Date: May 30, 1996
    Last Structure Change Process Date: July 23, 1996
    Last Data Update: July 23, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 2300 N Western Ave, Chicago, IL 60647
    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: $1,134.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $311Total assets
  • $1,149,024Cash and due from depository institutions
  • $14,969Interest-bearing balances
  • $35Securities
  • $326,450Federal funds sold & reverse repurchase agreements
  • $8,750Net loans & leases
  • $759,589Loan loss allowance
  • $7,675Trading account assets
  • $0Bank premises and fixed assets
  • $3,811Other real estate owned
  • $21,217Goodwill and other intangibles
  • $14,238Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $1,149,024Total liabilities
  • $963,576Total deposits
  • $881,801Interest-bearing deposits
  • $866,122Deposits held in domestic offices
  • 881801.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $71,774Subordinated debt
  • $0All other liabilities
  • $10,001Total equity capital
  • $10,001Total bank equity capital
  • $185,448Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $38,265Undivided profits
  • Memoranda
  • $147,182Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,625Income earned, not collected on loans
  • $4,786Earning assets
  • $1,094,824Long-term assets (5+ years)
  • $269,497Average Assets, year-to-date
  • $1,183,717Average Assets, quarterly
  • $1,154,938Volatile liabilities
  • $67,948Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $70,900Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $185,448Total risk weighted assets
  • $496,264Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $78,319Total interest expense
  • $42,671Net interest income
  • $35,648Provision for loan and lease losses
  • $250Total noninterest income
  • $6,107Fiduciary activities
  • $0Service charges on deposit accounts
  • $512Trading account gains & fees
  • $0Additional noninterest income
  • $5,595Total noninterest expense
  • $16,523Salaries and employee benefits
  • $9,424Premises and equipment expense
  • $1,926Additional noninterest expense
  • $5,173Pre-tax net operating income
  • $24,982Securities gains (losses)
  • $0Applicable income taxes
  • $8,954Income before extraordinary items
  • $16,028Extraordinary gains - net
  • $0Net income attributable to bank
  • $16,028Net charge-offs
  • $370Cash dividends
  • $18,500Sale, conversion, retirement of capital stock, net
  • $2,442Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.96%Cost of funding earning assets
  • 3.79%Net interest margin
  • 3.17%Noninterest income to earning assets
  • 0.54%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 1.35%Return on assets (ROA)
  • 1.35%Pretax return on assets
  • 2.11%Return on equity (ROE)
  • 8.93%Retained earnings to average equity (YTD only)
  • -1.38%Net charge-offs to loans
  • 0.05%Credit loss provision to net charge-offs
  • 67.57%Efficiency ratio
  • 39,571Assets per employee
  • 3.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 115.42%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 292.38%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.34%Net loans and leases to deposits
  • 86.14%Net loans and leases to core deposits
  • 89.24%Equity capital to assets
  • 16.14%Core capital (leverage) ratio
  • 16.32%Tier 1 risk-based capital ratio
  • 37.37%Total risk-based capital ratio
  • Memoranda
  • $39Average assets
  • $1,183,717Average earning assets
  • $179,409Average equity
  • $1,125,837Average loans

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