Southwest Federal Savings and Loan Association of Chicago - Overview
General
FDIC Certificate #: 29414 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Liberty Federal Bank (#28902) Federal Reserve ID: 493479 Date Established: January 01, 1893 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3417 FDIC's unique #: 42248 Numeric code: 37 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: September 20, 1937 Last Structure Change Effective Date: June 30, 1998 Last Structure Change Process Date: August 28, 1998 Last Data Update: August 28, 1998 Data Source Date: April 05, 2012
Location
Address: 3525 West 63rd St, Chicago, IL 60629 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: $385.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
93Total employees (full-time equivalent)
$360,734Total assets
$13,743Cash and due from depository institutions
$6,338Interest-bearing balances
$59,454Securities
$0Federal funds sold & reverse repurchase agreements
$269,433Net loans & leases
$775Loan loss allowance
$0Trading account assets
$2,907Bank premises and fixed assets
$3,426Other real estate owned
$29Goodwill and other intangibles
$0Life insurance assets
$11,742All other assets
$360,734Total liabilities and capital
$327,951Total liabilities
$289,436Total deposits
$284,100Interest-bearing deposits
$289,436Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$34,170Other borrowed funds
$0Subordinated debt
$4,345All other liabilities
$32,783Total equity capital
$32,783Total bank equity capital
$32,783Perpetual preferred stock
$0Common stock
$1Surplus
$14,100Undivided profits
Memoranda
$18,682Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$671Earning assets
$0Long-term assets (5+ years)
$1,477Average Assets, year-to-date
$335,225Average Assets, quarterly
$0Volatile liabilities
$367,184Insider loans
$363,916FHLB advances
$71,742Loans and leases held for sale
$176Unused loan commitments
$33,850Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$20,377Total unused commitments
$0Restructured Loans and leases
$217,388Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$27,417Total interest income
$16,134Total interest expense
$11,283Net interest income
$24Provision for loan and lease losses
$1,488Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,488Additional noninterest income
$7,114Total noninterest expense
$4,172Salaries and employee benefits
$1,894Premises and equipment expense
$1,048Additional noninterest expense
$5,633Pre-tax net operating income
-$3Securities gains (losses)
$1,845Applicable income taxes
$3,785Income before extraordinary items
$0Extraordinary gains - net
$3,785Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$3,000Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.01%Yield on earning assets
4.71%Cost of funding earning assets
3.30%Net interest margin
0.43%Noninterest income to earning assets
2.08%Noninterest expense to earning assets
1.03%Net operating income to assets
1.03%Return on assets (ROA)
1.53%Pretax return on assets
11.87%Return on equity (ROE)
2.46%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
55,704Assets per employee
3.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
79.26%Loss allowance to loans
0.29%Loss allowance to noncurrent loans
115.50%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.25%Net loans and leases to deposits
93.09%Net loans and leases to core deposits
106.98%Equity capital to assets
9.09%Core capital (leverage) ratio
8.20%Tier 1 risk-based capital ratio
13.47%Total risk-based capital ratio
Memoranda
$14Average assets
$367,184Average earning assets
$31,878Average equity
$342,187Average loans
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Southwest Federal Savings and Loan Association of Chicago
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