Illinois-Service Federal Savings and Loan Association

Report generated from DepositInsuredBanks.com
DepositInsuredBanks.com


Overview

FDIC Cert 29399
Address
4619 S Martin L King Drive, Chicago, IL 60653
FDIC Unique Number 42233
Federal Reserve ID 250476
Federal Reserve ID for Bank Holding Company 0
OCC Charter Number 703395
OTS Docket Number 3395
MSA Chicago, IL
County Cook
Website http://www.ISFBANK.com
Established On 01/01/1934
Insured On 03/30/1935
Holding Company
Regulator Office of the Comptroller of the Currency
Asset Concentration Mortgage Lending Specialization
Ownership Type
Domestic Offices 2
Foreign Offices
Bank Charter Class SA - Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)

Recent Changes

Change in Entity Type

Financial Snapshot

USD, Thousands
Total Assets 103,845
Total Deposits 96,710
Domestic Deposits 96,710
Bank Equity Capital 3,733
Year to Date Quarterly
Net Income USD, 000 -1,216 7
Return on Assets -1.48% 0.03%
Return on Equity -32.89% 0.69%
Pre-Tax Return on Assets -0.78% 1.24%
as of 09/30/2015

Financial Health

As of 09/30/2015
High Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

Illinois-Service Federal Savings and Loan Association has a texas ratio of 151.36 which puts it at HIGH risk. As of 09/30/2015 the bank had $9,084 Non Current Loans and Leases, $409 Other Real Estate Owned, $3,733 Total Equity Capital and $2,539 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $9,084 $409 $3,733 $2,539 151.36
06/30/2015 $11,379 $433 $4,352 $2,804 165.06
03/31/2015 $10,776 $465 $5,569 $2,804 134.25
12/31/2014 $11,909 $1,248 $6,583 $2,801 140.21
09/30/2014 $10,057 $1,172 $6,736 $2,803 117.72
06/30/2014 $6,180 $1,027 $7,592 $2,805 69.32
03/31/2014 $5,137 $910 $7,740 $2,820 57.26
12/31/2013 $4,712 $912 $7,735 $2,827 53.25
09/30/2013 $4,395 $799 $7,924 $2,797 48.45
06/30/2013 $3,681 $879 $9,555 $2,847 36.77
03/31/2013 $4,332 $893 $11,342 $2,704 37.2
12/31/2012 $5,789 $299 $12,139 $2,562 41.41
09/30/2012 $5,819 $200 $13,952 $1,571 38.77
06/30/2012 $5,451 $268 $14,287 $1,546 36.12
03/31/2012 $5,238 $454 $14,995 $1,073 35.42
12/31/2011 $4,716 $556 $15,521 $1,142 31.64
09/30/2011 $3,743 $735 $16,483 $1,182 25.35
06/30/2011 $3,681 $678 $14,758 $1,445 26.9
03/31/2011 $3,706 $497 $14,660 $721 27.33
12/31/2010 $3,690 $578 $14,779 $711 27.55
09/30/2010 $3,547 $573 $15,603 $603 25.42
06/30/2010 $2,761 $688 $15,684 $529 21.27
03/31/2010 $3,519 $756 $15,392 $730 26.52
12/31/2009 $3,966 $491 $15,408 $777 27.54
09/30/2009 $4,086 $462 $15,647 $765 27.71
06/30/2009 $4,336 $462 $14,999 $692 30.58
03/31/2009 $2,977 $147 $15,468 $622 19.42

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 31 35 38 38 38 Chart
Total Assets 103,845 109,122 110,142 114,709 113,470 Chart
Cash & Balances due from depository institutions 15,974 31,325 22,494 23,459 19,862 Chart
Interest-bearing balances 14,077 29,792 20,995 22,162 18,445 Chart
Securities 36,355 25,626 26,496 36,295 36,895 Chart
Federal funds sold and reverse repurchase 0 0 0 0 0 Chart
Net loans and leases 45,866 46,606 47,132 48,538 50,429 Chart
Loan loss allowance 2,539 2,804 2,804 2,801 2,803 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 2,092 2,125 2,157 2,187 2,195 Chart
Other real estate owned 409 433 465 1,248 1,172 Chart
Goodwill and other intangibles 43 45 46 48 50 Chart
All other assets 3,106 2,962 11,352 2,934 2,867 Chart
Total Liabilities and Capital 103,845 109,122 110,142 114,709 113,470 Chart
Total Liabilities 100,112 104,770 104,573 108,126 106,734 Chart
Total deposits 96,710 101,387 101,258 104,761 103,364 Chart
Interest-bearing deposits 84,371 88,937 89,207 92,161 91,459 Chart
Deposits held in domestic offices 96,710 101,387 101,258 104,761 103,364 Chart
% insured (estimated) 98% 95% 95% 93% 92% Chart
Federal funds purchased and repurchase agreements 0 0 0 0 0 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 3,000 3,000 3,000 3,000 3,000 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 402 383 315 365 370 Chart
Total equity capital 3,733 4,352 5,569 6,583 6,736 Chart
Bank equity capital 3,733 4,352 5,569 6,583 6,736 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 0 0 0 0 0 Chart
Surplus 0 0 0 0 0 Chart
Undivided profits 3,733 4,352 5,569 6,583 6,736 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 9,084 11,379 10,776 11,909 10,057 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 0 0 0 0 0 Chart
Income earned, not collected on loans 300 423 482 527 549 Chart
Earning assets 96,298 102,024 94,623 106,995 105,769 Chart
Long-term assets (5+ years) 68,499 55,362 57,114 65,168 67,698 Chart
Average total assets 109,325 111,151 112,166 115,942 116,251 Chart
Average assets, quarterly 106,484 109,632 112,166 114,090 115,161 Chart
Total risk weighted assets adjusted 49,658 49,856 50,927 51,542 52,386 Chart
Adjusted average assets for leverage capital purposes 106,735 109,263 108,933 112,685 111,583 Chart
Life insurance assets 0 0 0 0 0 Chart
General account life insurance assets 0 0 0 0 0 Chart
Separate account life insurance assets 0 0 0 0 0 Chart
Hybrid life insurance assets 0 0 0 0 0 Chart
Volatile liabilities 2,491 5,688 5,679 8,552 8,823 Chart
Insider loans 71 71 71 72 72 Chart
FHLB advances 3,000 3,000 3,000 3,000 3,000 Chart
Loans and leases held for sale 0 0 0 0 0 Chart
Unused loan commitments 4,302 4,330 4,341 4,267 4,328 Chart
Tier one (core) capital 3,500 3,491 4,389 5,349 5,584 Chart
Tier 2 Risk-based capital 644 650 663 671 681 Chart
Total unused commitments 4,302 4,330 4,341 4,267 4,328 Chart
Derivatives 0 0 0 0 0 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 2,901 1,928 1,014 4,411 3,396 Chart
Total interest expense 353 241 119 534 407 Chart
Net interest income 2,548 1,687 895 3,877 2,989 Chart
Provision for loan and lease losses 431 295 293 1,372 1,112 Chart
Total noninterest income 294 236 179 765 297 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 152 99 51 214 155 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 142 137 128 551 142 Chart
Total noninterest expense 4,568 3,120 1,548 5,367 3,978 Chart
Salaries and employee benefits 1,555 1,073 569 2,324 1,741 Chart
Premises and equipment expense 509 349 168 693 532 Chart
Additional noninterest expense 2,504 1,698 811 2,350 1,705 Chart
Pre-tax net operating income -2,157 -1,492 -767 -2,097 -1,804 Chart
Securities gains (losses) 1,515 520 530 0 0 Chart
Applicable income taxes 574 251 87 -355 -299 Chart
Income before extraordinary items -1,216 -1,223 -324 -1,742 -1,505 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income -1,216 -1,223 -324 -1,742 -1,505 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests -1,216 -1,223 -324 -1,742 -1,505 Chart
Net charge-offs 693 292 290 1,398 1,136 Chart
Cash dividends 0 0 0 0 0 Chart
Sale, conversion, retirement of capital stock, net 0 0 0 0 0 Chart
Net operating income -2,731 -1,743 -854 -1,742 -1,505 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 36,355 25,626 26,496 36,295 36,895 Chart
U.S. Government securities 36,340 14,797 15,365 21,270 21,781 Chart
U.S. Treasury securities 0 0 0 0 0 Chart
U.S. Government agency obligations 36,340 14,797 15,365 21,270 21,781 Chart
Securities issued by states & political subdivisions 0 10,817 11,099 15,003 15,050 Chart
Other domestic debt securities 0 0 0 0 0 Chart
Privately issued residential mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 0 Chart
Asset backed securities 0 0 0 0 0 Chart
Structured financial products - Total 0 0 0 0 0 Chart
Other domestic debt securities - All other 0 0 0 0 0 Chart
Foreign debt securities 0 0 0 0 0 Chart
Equity securities 15 12 32 22 64 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 3,809 4,177 9,464 9,300 9,595 Chart
Mortgage-backed securities 27,101 4,693 5,110 11,217 11,937 Chart
Certificates of participation in pools of residential mortgages 27,101 4,693 5,110 11,217 11,937 Chart
Issued or guaranteed by U.S. 27,101 4,693 5,110 11,217 11,937 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 0 0 0 0 0 Chart
CMOs issued by government agencies or sponsored agencies 0 0 0 0 0 Chart
Privately issued 0 0 0 0 0 Chart
Commercial mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage pass-through securities 0 0 0 0 0 Chart
Other commercial mortgage-backed securities 0 0 0 0 0 Chart
Held to maturity securities (book value) 0 0 0 0 0 Chart
Available-for-sale securities (fair market value) 36,355 25,626 26,496 36,295 36,895 Chart
Total debt securities 36,341 25,613 26,464 36,273 36,832 Chart
Structured Notes
Amortized cost 3,000 4,000 4,000 4,000 4,000 Chart
Fair value 2,938 3,852 3,953 3,845 3,723 Chart
Trading account assets 0 0 0 0 0 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 3.87% 3.82% 4.03% 4.10% 4.21% Chart
Cost of funding earning assets 0.47% 0.48% 0.47% 0.50% 0.50% Chart
Net interest margin 3.40% 3.34% 3.56% 3.61% 3.70% Chart
Noninterest income to average assets 0.36% 0.42% 0.64% 0.66% 0.34% Chart
Noninterest expense to average assets 5.57% 5.61% 5.52% 4.63% 4.56% Chart
Loan and lease loss provision to assets 0.53% 0.53% 1.04% 1.18% 1.28% Chart
Net operating income to assets -3.33% -3.14% -3.05% -1.50% -1.73% Chart
Return on assets (ROA) -1.48% -2.20% -1.16% -1.50% -1.73% Chart
Pretax return on assets -0.78% -1.75% -0.85% -1.81% -2.07% Chart
Return on Equity (ROE) -32.89% -45.91% -22.28% -23.94% -26.93% Chart
Retained earnings to average equity (YTD only) -32.89% -45.91% -22.28% -23.94% -26.93% Chart
Net charge-offs to loans 1.86% 1.17% 2.30% 2.60% 2.78% Chart
Credit loss provision to net charge-offs 62.19% 101.03% 101.03% 98.14% 97.89% Chart
Earnings coverage of net charge-offs (x) -2.49% -4.10% -1.63% -0.52% -0.61% Chart
Efficiency ratio 160.56% 162.09% 143.95% 115.47% 120.91% Chart
Assets per employee ($millions) 3.35% 3.12% 2.90% 3.02% 2.99% Chart
Cash dividends to net income (YTD only) 0.00% 0.00% 0.00% 0.00% 0.00% Chart
Condition Ratios (%)
Loss allowance to loans 5.25% 5.67% 5.62% 5.46% 5.27% Chart
Loan loss allowance to noncurrent loans 27.95% 24.64% 26.02% 23.52% 27.87% Chart
Noncurrent assets plus other real estate owned to assets 9.14% 10.82% 10.21% 11.47% 9.90% Chart
Noncurrent loans to loans 18.77% 23.03% 21.58% 23.20% 18.89% Chart
Net loans and leases to total assets 44.17% 42.71% 42.79% 42.31% 44.44% Chart
Net loans and leases to deposits 47.43% 45.97% 46.55% 46.33% 48.79% Chart
Net loans and leases to core deposits 48.68% 48.70% 49.31% 50.45% 53.34% Chart
Total domestic deposits to total assets 93.13% 92.91% 91.93% 91.33% 91.09% Chart
Equity capital to assets 3.59% 3.99% 5.06% 5.74% 5.94% Chart
Core capital (leverage) ratio 3.28% 3.20% 4.03% 4.75% 5.00% Chart
Tier 1 risk-based capital ratio 7.05% 7.00% 8.62% 10.38% 10.66% Chart
Total risk-based capital ratio 8.35% 8.31% 9.92% 11.68% 11.96% Chart
Memoranda
Average total assets 109,325 111,151 112,166 115,942 116,251 Chart
Average earning assets 99,855 101,041 100,549 107,469 107,587 Chart
Average equity 4,929 5,328 5,816 7,277 7,451 Chart
Average loans 49,643 50,055 50,378 53,805 54,421 Chart