Advance Bank, S.B.
Lansing, IL — Domestic Branch of a Domestic Bank
Acquired Jul 2003
Vitals
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Total Assets669.1M
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Total Deposits488.4M
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Total Net Loans345.1M
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Net Income1.7M
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Book Value91.0M
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Book Value x2182.1M
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Book Value x3273.1M
Balance Sheet Highlights
| Financial Highlights | Advance Bank, S.B. | All Insured Savings Banks in Illinois |
| Balance Sheet $(000) | ||
| Total Assets | 669,068 | 131,579 |
| Total Net Loans | 345,085 | 76,341 |
| Total Deposits | 488,376 | 107,167 |
| Total Equity | 91,040 | 15,070 |
| Profitability | ||
| Net Income | 1,738 | 703 |
| Return on Average Assets | 4.029 | .758 |
| Return on Average Equity | 38.005 | 7.097 |
| Net Interest Margin | 9.933 | 3.245 |
| Efficiency Ratio | 33.348 | 71.984 |
| Noninterest Income/Revenue | 5.145 | 8.415 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 70.66 | 70.472 |
| Securities/Assets | .18 | .419 |
| Total Equity/Total Assets | .136 | .115 |
| Tangible Equity/Tangible Assets | .067 | .087 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 44,817 | 14,298 |
| Tier 2 Capital | 4,892 | 637 |
| Total Capital | 49,709 | 14,959 |
| Total Risk Weighted Assets | 391,341 | 68,676 |
| Leverage Ratio | 7.7 | 10.704 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 11.45 | 23.07 |
| Total Capital Ratio | 12.7 | 24.174 |
Timeline for Advance Bank, S.B.
Charter One Bank, National Association
Advance Bank, S.B. was acquired by Charter One Bank, National Association 20 years
View Profile Jul 11 2003
Charter One Financial, Inc.
Charter One Financial, Inc. became a new parent organization for Advance Bank, S.B..
View Profile Jun 06 2003
Chicago Commercial Avenue Branch
Acquisition: Advance Bank, S.B. acquired a new subsidiary, Chicago Commercial Avenue Branch , 24 years
View Profile Sep 13 1999
Homewood Federal Savings And Loan Association
Acquisition: Advance Bank, S.B. acquired a new subsidiary, Homewood Federal Savings And Loan Association, 32 years
View Profile Nov 10 1991
Concordia Federal Bank For Savings
Acquisition: Advance Bank, S.B. acquired a new subsidiary, Concordia Federal Bank For Savings, 34 years
View Profile May 30 1990
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Charter One Bank, National Association | Buyer | 46,376,252 | Pooling of Interests | Discontinued | 7/11/2003 |
| Chicago Commercial Avenue Branch | Seller | Pooling of Interests | Discontinued | 9/13/1999 | |
| Homewood Federal Savings And Loan Association | Seller | 216,704 | Discontinued | 11/10/1991 | |
| Concordia Federal Bank For Savings | Seller | 355,332 | Failure | 5/30/1990 |
| Relationships | Role | Relationship Start | Relationship End |
| Charter One Financial, Inc. | Parent | 6/6/2003 | 7/10/2003 |
| Advance Bancorp, Inc. | Parent | 10/28/1992 | 6/5/2003 |
| Advance Bancorp, Inc. | Parent | 5/30/1990 | 10/27/1992 |
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