West Suburban Bank of Downers Grove/Lombard in Downers Grove, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 16, 1997

  • West Suburban Bank of Downers Grove/Lombard in Downers Grove, Illinois (IL)
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West Suburban Bank of Downers Grove/Lombard - Overview

  • General
  • FDIC Certificate #: 20841
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: West Suburban Bank (#18509)
    Federal Reserve ID: 495231
    Date Established: October 27, 1972
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    FDIC's unique #: 14398
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 27, 1972
    Last Structure Change Effective Date: May 16, 1997
    Last Structure Change Process Date: May 30, 1997
    Last Data Update: May 30, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 2800 South Finley Road, Downers Grove, IL 60515
    County: Dupage
    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: $148.4 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)
  • $54Total assets
  • $147,596Cash and due from depository institutions
  • $4,282Interest-bearing balances
  • $0Securities
  • $55,658Federal funds sold & reverse repurchase agreements
  • $1,753Net loans & leases
  • $81,478Loan loss allowance
  • $1,310Trading account assets
  • $0Bank premises and fixed assets
  • $1,426Other real estate owned
  • $624Goodwill and other intangibles
  • $2,375Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $147,596Total liabilities
  • $131,812Total deposits
  • $130,949Interest-bearing deposits
  • $120,421Deposits held in domestic offices
  • 130949.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $863Total equity capital
  • $863Total bank equity capital
  • $15,784Perpetual preferred stock
  • $0Common stock
  • $566Surplus
  • $8,934Undivided profits
  • Memoranda
  • $6,284Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $234Income earned, not collected on loans
  • $566Earning assets
  • $138,889Long-term assets (5+ years)
  • $23,375Average Assets, year-to-date
  • $148,173Average Assets, quarterly
  • $146,495Volatile liabilities
  • $7,862Insider loans
  • $110FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $28,073Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $16,006Total risk weighted assets
  • $103,167Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,718Total interest expense
  • $4,503Net interest income
  • $6,215Provision for loan and lease losses
  • $76Total noninterest income
  • $1,066Fiduciary activities
  • $0Service charges on deposit accounts
  • $683Trading account gains & fees
  • $0Additional noninterest income
  • $383Total noninterest expense
  • $3,786Salaries and employee benefits
  • $1,306Premises and equipment expense
  • $471Additional noninterest expense
  • $2,009Pre-tax net operating income
  • $3,419Securities gains (losses)
  • $56Applicable income taxes
  • $1,129Income before extraordinary items
  • $2,346Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,346Net charge-offs
  • $45Cash dividends
  • $1,132Sale, 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
  • 7.77%Cost of funding earning assets
  • 3.27%Net interest margin
  • 4.51%Noninterest income to earning assets
  • 0.77%Noninterest expense to earning assets
  • 2.75%Net operating income to assets
  • 1.56%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 2.35%Return on equity (ROE)
  • 15.52%Retained earnings to average equity (YTD only)
  • 8.03%Net charge-offs to loans
  • 0.05%Credit loss provision to net charge-offs
  • 168.89%Efficiency ratio
  • 51,998Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.25%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 559.83%Noncurrent assets plus other real estate owned to assets
  • 0.58%Noncurrent loans to loans
  • 0.28%Net loans and leases to deposits
  • 62.22%Net loans and leases to core deposits
  • 66.20%Equity capital to assets
  • 10.69%Core capital (leverage) ratio
  • 11.00%Tier 1 risk-based capital ratio
  • 15.51%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $148,173Average earning assets
  • $15,117Average equity
  • $137,871Average loans

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