Old Kent Bank in Elmhurst, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1997

  • Old Kent Bank in Elmhurst, Illinois (IL)
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Old Kent Bank - Overview

  • General
  • FDIC Certificate #: 915
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fifth Third Bank (#993)
    Federal Reserve ID: 137830
    Date Established: July 03, 1931
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 26 (Interstate: No)
    OTS Docket #: 10733
    FDIC's unique #: 590
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 01, 1997
    Last Structure Change Process Date: July 22, 1997
    Last Data Update: July 22, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 South York Street, Elmhurst, IL 60126
    County: Dupage
    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: $2,074.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $506Total assets
  • $2,185,525Cash and due from depository institutions
  • $98,438Interest-bearing balances
  • $0Securities
  • $691,857Federal funds sold & reverse repurchase agreements
  • $132,353Net loans & leases
  • $1,135,526Loan loss allowance
  • $27,367Trading account assets
  • $17,047Bank premises and fixed assets
  • $24,281Other real estate owned
  • $816Goodwill and other intangibles
  • $39,974Life insurance assets
  • $45,233All other assets
  • $0Total liabilities and capital
  • $2,185,525Total liabilities
  • $1,980,459Total deposits
  • $1,749,026Interest-bearing deposits
  • $1,449,935Deposits held in domestic offices
  • 1749026.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $55,878Trading liabilities
  • $80,587Other borrowed funds
  • $70,026Subordinated debt
  • $0All other liabilities
  • $24,942Total equity capital
  • $24,942Total bank equity capital
  • $205,066Perpetual preferred stock
  • $0Common stock
  • $7,370Surplus
  • $158,859Undivided profits
  • Memoranda
  • $38,837Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,531Income earned, not collected on loans
  • $6,873Earning assets
  • $1,976,783Long-term assets (5+ years)
  • $418,675Average Assets, year-to-date
  • $2,144,983Average Assets, quarterly
  • $2,172,844Volatile liabilities
  • $412,231Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $462,857Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $165,592Total risk weighted assets
  • $1,388,999Total unused commitments
  • $0Restructured Loans and leases
  • $93,997Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $146,285Total interest expense
  • $75,778Net interest income
  • $70,507Provision for loan and lease losses
  • $2,425Total noninterest income
  • $24,508Fiduciary activities
  • $8,957Service charges on deposit accounts
  • $6,687Trading account gains & fees
  • $3,460Additional noninterest income
  • $5,404Total noninterest expense
  • $61,454Salaries and employee benefits
  • $23,954Premises and equipment expense
  • $7,963Additional noninterest expense
  • $29,537Pre-tax net operating income
  • $31,136Securities gains (losses)
  • -$182Applicable income taxes
  • $11,097Income before extraordinary items
  • $19,857Extraordinary gains - net
  • $0Net income attributable to bank
  • $19,857Net charge-offs
  • $2,956Cash dividends
  • $14,925Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.57%Cost of funding earning assets
  • 3.92%Net interest margin
  • 3.65%Noninterest income to earning assets
  • 1.27%Noninterest expense to earning assets
  • 3.18%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 1.44%Return on equity (ROE)
  • 9.80%Retained earnings to average equity (YTD only)
  • 2.43%Net charge-offs to loans
  • 0.26%Credit loss provision to net charge-offs
  • 82.04%Efficiency ratio
  • 60,018Assets per employee
  • 4.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.16%Loss allowance to loans
  • 2.35%Loss allowance to noncurrent loans
  • 363.39%Noncurrent assets plus other real estate owned to assets
  • 0.38%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 64.92%Net loans and leases to core deposits
  • 73.61%Equity capital to assets
  • 9.38%Core capital (leverage) ratio
  • 7.90%Tier 1 risk-based capital ratio
  • 11.92%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,144,983Average earning assets
  • $202,557Average equity
  • $1,931,741Average loans

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