FDIC Certificate #: 20226 Status: Active Federal Reserve ID: 12937 Bank Holding Company (Regulatory Top Holder): F.F. Holding Corp. (RSSDID: 1201653, Location: Chicago, IL) Date Established: July 31, 1970 WWW:http://www.oakbank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14477 FDIC's unique #: 13907 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: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: July 31, 1970 Last Structure Change Effective Date: November 03, 2006 Last Structure Change Process Date: November 04, 2008 Last Data Update: November 04, 2008 Data Source Date: April 05, 2012
Location
Address: 1000 North Rush Street, Chicago, IL 60611 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
Change in Location
Financial Summary
Total assets: $220.6 mil Equity capital: $32.6 mil Deposits held in domestic offices: $181.5 mil Return on assets (ROA): 0.67% ($1.5 mil) Quarterly return on assets: 0.58% ($1.3 mil) Return on Equity (ROE): 4.41% ($1.5 mil) Quarterly return on equity: 3.89% ($1.3 mil) Net income: $1.4 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.11% ($2,448.6 mil) Quarterly Pretax return on assets: 0.98% ($2,161.9 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
41Total employees (full-time equivalent)
$220,598Total assets
$48,031Cash and due from depository institutions
$45,615Interest-bearing balances
$0Securities
$2,000Federal funds sold & reverse repurchase agreements
$157,209Net loans & leases
$1,784Loan loss allowance
$0Trading account assets
$11,281Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$220,598Life insurance assets
$2,077All other assets
$188,019Total liabilities and capital
$181,466Total liabilities
$107,201Total deposits
$181,466Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$3,475Trading liabilities
$0Other borrowed funds
$3,078Subordinated debt
$32,579All other liabilities
$32,579Total equity capital
$32,579Total bank equity capital
$0Perpetual preferred stock
$750Common stock
$5,250Surplus
$26,579Undivided profits
Memoranda
$0Noncurrent loans and leases
$144Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,934Income earned, not collected on loans
$0Earning assets
$684Long-term assets (5+ years)
$204,824Average Assets, year-to-date
$2,943Average Assets, quarterly
$212,146Volatile liabilities
$219,794Insider loans
$163,051FHLB advances
$225,732Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$32,579Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$25,694Restructured Loans and leases
$6,070Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$8,974Total interest income
$1,354Total interest expense
$7,620Net interest income
$620Provision for loan and lease losses
$718Total noninterest income
$0Fiduciary activities
$449Service charges on deposit accounts
$0Trading account gains & fees
$269Additional noninterest income
$5,528Total noninterest expense
$3,775Salaries and employee benefits
$506Premises and equipment expense
$1,247Additional noninterest expense
$2,190Pre-tax net operating income
$170Securities gains (losses)
$934Applicable income taxes
$1,426Income before extraordinary items
$0Extraordinary gains - net
$1,426Net income attributable to bank
$0Net charge-offs
$1,426Cash dividends
$659Sale, conversion, retirement of capital stock, net
$600Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.58%Yield on earning assets
0.69%Cost of funding earning assets
3.88%Net interest margin
0.37%Noninterest income to earning assets
2.82%Noninterest expense to earning assets
0.62%Net operating income to assets
0.67%Return on assets (ROA)
1.11%Pretax return on assets
4.41%Return on equity (ROE)
2.56%Retained earnings to average equity (YTD only)
0.40%Net charge-offs to loans
94.08%Credit loss provision to net charge-offs
4.26%Efficiency ratio
66,299Assets per employee
5.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.08%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
92.24%Noncurrent assets plus other real estate owned to assets
0.88%Noncurrent loans to loans
1.22%Net loans and leases to deposits
86.63%Net loans and leases to core deposits
101.65%Equity capital to assets
14.77%Core capital (leverage) ratio
14.43%Tier 1 risk-based capital ratio
19.98%Total risk-based capital ratio
Memoranda
$21Average assets
$212,146Average earning assets
$32,329Average equity
$196,149Average loans
List of branches
1 Illinois Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
13907
Oak Bank
1000 North Rush Street, Chicago, IL 60611
July 31, 1970
Full Service Brick and Mortar
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 Oak 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: