FDIC Certificate #: 17599 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:First Midwest Bank (#3709) Federal Reserve ID: 859945 Date Established: June 01, 1956 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 11921 FDIC's unique #: 11571 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: June 01, 1956 Last Structure Change Effective Date: August 13, 2010 Last Structure Change Process Date: August 16, 2010 Last Data Update: August 16, 2010 Data Source Date: April 05, 2012
Location
Address: 12600 South Harlem Avenue, Palos Heights, IL 60463 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: $493.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
127Total employees (full-time equivalent)
$488,703Total assets
$28,868Cash and due from depository institutions
$24,541Interest-bearing balances
$94,105Securities
$0Federal funds sold & reverse repurchase agreements
$325,728Net loans & leases
$13,433Loan loss allowance
$0Trading account assets
$11,488Bank premises and fixed assets
$17,827Other real estate owned
$33Goodwill and other intangibles
$5,841Life insurance assets
$10,654All other assets
$488,703Total liabilities and capital
$479,100Total liabilities
$457,597Total deposits
$389,291Interest-bearing deposits
$457,597Deposits held in domestic offices
96.18%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$18,000Other borrowed funds
$0Subordinated debt
$3,503All other liabilities
$9,603Total equity capital
$9,603Total bank equity capital
$9,603Perpetual preferred stock
$0Common stock
$1,343Surplus
$10,078Undivided profits
Memoranda
$-1,818Noncurrent loans and leases
$68,328Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$55,074Earning assets
$0Long-term assets (5+ years)
$1,355Average Assets, year-to-date
$444,374Average Assets, quarterly
$111,868Volatile liabilities
$519,453Insider loans
$506,971FHLB advances
$87,758Loans and leases held for sale
$4,113Unused loan commitments
$18,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,119Total risk weighted assets
$68,328Total unused commitments
$0Restructured Loans and leases
$5,725Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$22,746Total interest income
$9,088Total interest expense
$13,658Net interest income
$13,671Provision for loan and lease losses
-$408Total noninterest income
$1,012Fiduciary activities
$432Service charges on deposit accounts
$0Trading account gains & fees
-$1,852Additional noninterest income
$17,308Total noninterest expense
$6,948Salaries and employee benefits
$2,320Premises and equipment expense
$8,040Additional noninterest expense
-$17,729Pre-tax net operating income
-$1,957Securities gains (losses)
-$5Applicable income taxes
-$19,681Income before extraordinary items
$0Extraordinary gains - net
-$19,681Net income attributable to bank
$0Net charge-offs
-$19,681Cash dividends
$10,009Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.75%Yield on earning assets
1.90%Cost of funding earning assets
2.85%Net interest margin
-0.09%Noninterest income to earning assets
3.61%Noninterest expense to earning assets
-3.41%Net operating income to assets
-3.79%Return on assets (ROA)
-3.79%Pretax return on assets
-87.04%Return on equity (ROE)
-87.04%Retained earnings to average equity (YTD only)
2.76%Net charge-offs to loans
136.59%Credit loss provision to net charge-offs
-0.41%Efficiency ratio
130,626Assets per employee
3.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.96%Loss allowance to noncurrent loans
24.39%Noncurrent assets plus other real estate owned to assets
15.25%Noncurrent loans to loans
16.24%Net loans and leases to deposits
71.18%Net loans and leases to core deposits
88.07%Equity capital to assets
1.96%Core capital (leverage) ratio
2.91%Tier 1 risk-based capital ratio
3.50%Total risk-based capital ratio
Memoranda
$5Average assets
$519,453Average earning assets
$22,611Average equity
$478,827Average loans
Total Fiduciary and Related Assets (December 31, 2009)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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