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

This bank is inactive as of January 31, 1997

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

  • General
  • FDIC Certificate #: 27964
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Pinnacle Bank (#18516)
    Federal Reserve ID: 475970
    Date Established: January 01, 1907
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 639
    FDIC's unique #: 40798
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: May 25, 1937
    Last Structure Change Effective Date: January 31, 1997
    Last Structure Change Process Date: Febuary 13, 1997
    Last Data Update: Febuary 13, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 1209 North Milwaukee Ave, Chicago, IL 60622
    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: $215.5 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)
  • $55Total assets
  • $215,468Cash and due from depository institutions
  • $2,501Interest-bearing balances
  • $1,533Securities
  • $4,843Federal funds sold & reverse repurchase agreements
  • $13,500Net loans & leases
  • $169,026Loan loss allowance
  • $2,839Trading account assets
  • $0Bank premises and fixed assets
  • $1,014Other real estate owned
  • $667Goodwill and other intangibles
  • $6,243Life insurance assets
  • $17,674All other assets
  • $0Total liabilities and capital
  • $215,468Total liabilities
  • $186,476Total deposits
  • $175,065Interest-bearing deposits
  • $169,613Deposits held in domestic offices
  • 175065.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $10,000Subordinated debt
  • $0All other liabilities
  • $1,411Total equity capital
  • $1,411Total bank equity capital
  • $28,992Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $28,505Undivided profits
  • Memoranda
  • $487Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,370Income earned, not collected on loans
  • $1,902Earning assets
  • $188,902Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $251,326Average Assets, quarterly
  • $233,563Volatile liabilities
  • $35,160Insider loans
  • $0FHLB advances
  • $10,000Loans and leases held for sale
  • $0Unused loan commitments
  • $1,703Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $19,493Total risk weighted assets
  • $139,270Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $19,091Total interest expense
  • $10,969Net interest income
  • $8,122Provision for loan and lease losses
  • $1,759Total noninterest income
  • $481Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $481Total noninterest expense
  • $7,027Salaries and employee benefits
  • $3,109Premises and equipment expense
  • $801Additional noninterest expense
  • $3,117Pre-tax net operating income
  • -$183Securities gains (losses)
  • -$589Applicable income taxes
  • -$653Income before extraordinary items
  • -$119Extraordinary gains - net
  • $0Net income attributable to bank
  • -$119Net charge-offs
  • $806Cash dividends
  • $8,000Sale, 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
  • 8.35%Cost of funding earning assets
  • 4.80%Net interest margin
  • 3.55%Noninterest income to earning assets
  • 0.21%Noninterest expense to earning assets
  • 3.07%Net operating income to assets
  • 0.10%Return on assets (ROA)
  • -0.05%Pretax return on assets
  • -0.31%Return on equity (ROE)
  • -0.40%Retained earnings to average equity (YTD only)
  • -27.34%Net charge-offs to loans
  • 0.44%Credit loss provision to net charge-offs
  • 218.24%Efficiency ratio
  • 79,984Assets per employee
  • 3.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -6722.69%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 58.38%Noncurrent assets plus other real estate owned to assets
  • 2.34%Noncurrent loans to loans
  • 2.55%Net loans and leases to deposits
  • 96.55%Net loans and leases to core deposits
  • 112.76%Equity capital to assets
  • 13.46%Core capital (leverage) ratio
  • 9.46%Tier 1 risk-based capital ratio
  • 14.00%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $251,326Average earning assets
  • $29,694Average equity
  • $228,719Average loans
1
Helen Cukier Nowobilski
⚠
Aug 3, 2022 @ 7:07 am
was my money transferred to different bank once it closed

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