FDIC Certificate #: 29355 Status: Inactive Closing history: Corrections Acquiring institution:Chicago Community Bank (#14267) Federal Reserve ID: 150679 Date Established: January 01, 1923 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3327 FDIC's unique #: 42189 Numeric code: 34 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: March 05, 1938 Last Structure Change Effective Date: June 28, 2002 Last Structure Change Process Date: July 16, 2002 Last Data Update: July 16, 2002 Data Source Date: April 05, 2012
Location
Address: 1800 S Halsted St, Chicago, IL 60608 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
Absorption - Assisted
Corrections
Financial Summary
Total assets: $51.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
15Total employees (full-time equivalent)
$50,910Total assets
$3,484Cash and due from depository institutions
$1,237Interest-bearing balances
$1,865Securities
$200Federal funds sold & reverse repurchase agreements
$42,311Net loans & leases
$95Loan loss allowance
$0Trading account assets
$1,924Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,126All other assets
$50,910Total liabilities and capital
$45,692Total liabilities
$39,791Total deposits
$38,971Interest-bearing deposits
$39,791Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,507Other borrowed funds
$0Subordinated debt
$394All other liabilities
$5,218Total equity capital
$5,218Total bank equity capital
$5,218Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$5,218Noncurrent loans and leases
$285Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$362Earning assets
$0Long-term assets (5+ years)
$258Average Assets, year-to-date
$45,613Average Assets, quarterly
$0Volatile liabilities
$48,177Insider loans
$49,924FHLB advances
$16,965Loans and leases held for sale
$0Unused loan commitments
$5,507Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$285Total unused commitments
$0Restructured Loans and leases
$95Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$3,356Total interest income
$1,855Total interest expense
$1,501Net interest income
$48Provision for loan and lease losses
$91Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$91Additional noninterest income
$1,215Total noninterest expense
$641Salaries and employee benefits
$401Premises and equipment expense
$173Additional noninterest expense
$329Pre-tax net operating income
-$2Securities gains (losses)
$123Applicable income taxes
$204Income before extraordinary items
$0Extraordinary gains - net
$204Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$42Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.71%Yield on earning assets
4.26%Cost of funding earning assets
3.45%Net interest margin
0.21%Noninterest income to earning assets
2.79%Noninterest expense to earning assets
0.43%Net operating income to assets
0.42%Return on assets (ROA)
0.68%Pretax return on assets
4.00%Return on equity (ROE)
4.00%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
114.29%Credit loss provision to net charge-offs
8.98%Efficiency ratio
76,319Assets per employee
3.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.22%Loss allowance to noncurrent loans
26.24%Noncurrent assets plus other real estate owned to assets
0.71%Noncurrent loans to loans
0.85%Net loans and leases to deposits
106.33%Net loans and leases to core deposits
149.33%Equity capital to assets
10.25%Core capital (leverage) ratio
10.25%Tier 1 risk-based capital ratio
20.35%Total risk-based capital ratio
Memoranda
$21Average assets
$48,177Average earning assets
$5,104Average equity
$43,512Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Universal Federal Savings Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: