Second Federal Savings and Loan Association of Chicago in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Second Federal Savings and Loan Association of Chicago in Chicago, Illinois (IL)
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Second Federal Savings and Loan Association of Chicago - Overview

  • General
  • FDIC Certificate #: 27986
    Status: Active
    Federal Reserve ID: 969675
    Date Established: January 01, 1923
    WWW: http://www.secondfederal.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 679
    FDIC's unique #: 40820
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: November 02, 1934
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3960 W 26th St, Chicago, IL 60623
    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 Primary Regulatory Agency
  • Financial Summary
  • Total assets: $198.2 mil
    Equity capital: $4.1 mil
    Deposits held in domestic offices: $170.9 mil
    Return on assets (ROA): -2.82% (-$5.6 mil)
    Quarterly return on assets: -4.61% (-$9.1 mil)
    Return on Equity (ROE): -80.72% (-$3.2 mil)
    Quarterly return on equity: -181.00% (-$7.2 mil)
    Net income: -$5.9 mil
    Quarterly Net income: -$2.3 mil
    Pretax return on assets: -2.82% (-$5,590.5 mil)
    Quarterly Pretax return on assets: -4.61% (-$9,139.0 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
  • 64Total employees (full-time equivalent)
  • $198,243Total assets
  • $11,338Cash and due from depository institutions
  • $576Interest-bearing balances
  • $18,473Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $147,405Net loans & leases
  • $3,799Loan loss allowance
  • $0Trading account assets
  • $5,651Bank premises and fixed assets
  • $9,819Other real estate owned
  • $100Goodwill and other intangibles
  • $198,243Life insurance assets
  • $5,457All other assets
  • $194,184Total liabilities and capital
  • $170,861Total liabilities
  • $160,728Total deposits
  • $170,861Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,205Trading liabilities
  • $0Other borrowed funds
  • $4,118Subordinated debt
  • $4,059All other liabilities
  • $4,059Total equity capital
  • $4,059Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $4,059Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,666Income earned, not collected on loans
  • $0Earning assets
  • $1,446Long-term assets (5+ years)
  • $166,454Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $208,426Volatile liabilities
  • $203,552Insider loans
  • $117,729FHLB advances
  • $198,179Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,270Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,439Restructured Loans and leases
  • $3,105Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,151Total interest income
  • $2,273Total interest expense
  • $6,878Net interest income
  • $3,086Provision for loan and lease losses
  • -$916Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$916Additional noninterest income
  • $8,761Total noninterest expense
  • $4,550Salaries and employee benefits
  • $1,452Premises and equipment expense
  • $2,759Additional noninterest expense
  • -$5,885Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$5,885Income before extraordinary items
  • $0Extraordinary gains - net
  • -$5,885Net income attributable to bank
  • $0Net charge-offs
  • -$5,885Cash dividends
  • $3,204Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.26%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 3.95%Net interest margin
  • -0.53%Noninterest income to earning assets
  • 5.04%Noninterest expense to earning assets
  • -2.82%Net operating income to assets
  • -2.82%Return on assets (ROA)
  • -2.82%Pretax return on assets
  • -80.72%Return on equity (ROE)
  • -80.72%Retained earnings to average equity (YTD only)
  • 2.01%Net charge-offs to loans
  • 96.32%Credit loss provision to net charge-offs
  • -0.87%Efficiency ratio
  • 146,947Assets per employee
  • 3.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.51%Loss allowance to noncurrent loans
  • 27.80%Noncurrent assets plus other real estate owned to assets
  • 11.85%Noncurrent loans to loans
  • 9.04%Net loans and leases to deposits
  • 86.27%Net loans and leases to core deposits
  • 87.41%Equity capital to assets
  • 2.05%Core capital (leverage) ratio
  • 2.02%Tier 1 risk-based capital ratio
  • 2.78%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $208,426Average earning assets
  • $7,290Average equity
  • $173,923Average loans

List of branches

  • 3 Illinois Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    040820Second Federal Savings And Loan Asso3960 W 26th St, Chicago, IL 60623January 01, 1923Full Service Brick and Mortar
    101264453Cicero Branch4811 West Cermak Road, Cicero, IL 60804September 27, 1993Full Service Brick and Mortar
    103359072South Archer Branch4281 S Archer Ave, Chicago, IL 60632June 30, 2000Full Service Brick and Mortar

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