Vitals
  • Total Assets
    586.3M -3.3 %
  • Total Deposits
    471.1M -1.9 %
  • Total Net Loans
    528.8M -1.4 %
  • Net Income
    2.3M -65.8 %
  • Book Value
    46.0M -0.3 %
  • Book Value x2
    92.1M -0.3 %
  • Book Value x3
    138.1M -0.3 %
ROAA

.388

ROAE

5.004

Efficiency Ratio

66.189

Net Interest Margin

3.594

Balance Sheet Highlights
Financial Highlights Covest Banc, National Association All Insured Commercial Banks in Illinois
Balance Sheet $(000)
Total Assets 586,291 157,108
Total Net Loans 528,765 99,804
Total Deposits 471,090 131,986
Total Equity 46,034 14,743
Profitability
Net Income 2,335 3,058
Return on Average Assets .388 1.141
Return on Average Equity 5.004 11.708
Net Interest Margin 3.594 3.819
Efficiency Ratio 66.189 63.697
Noninterest Income/Revenue 11.797 13.625
Balance Sheet Ratios
Loan-to-Deposit 112.243 70.467
Securities/Assets .038 1.59
Total Equity/Total Assets .079 .094
Tangible Equity/Tangible Assets .077 -.026
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 45,006 13,764
Tier 2 Capital 5,311 1,262
Total Capital 50,317 15,134
Total Risk Weighted Assets 419,051 109,851
Leverage Ratio 7.55 9.49
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 10.74 14.924
Total Capital Ratio 12.01 16.053

Timeline for Covest Banc, National Association

First Midwest Bank/Illinois, National Association

Covest Banc, National Association was acquired by First Midwest Bank/Illinois, National Association 20 years

View Profile Feb 14 2004

First Midwest Bancorp, Inc.

First Midwest Bancorp, Inc. became a new parent organization for Covest Banc, National Association.

View Profile Dec 31 2003

Covest Bancshares, Inc.

Covest Bancshares, Inc. became a new parent organization for Covest Banc, National Association.

View Profile Aug 01 1997

Irving Federal Bank For Savings, F.S.B.

Acquisition: Covest Banc, National Association acquired a new subsidiary, Irving Federal Bank For Savings, F.S.B., 30 years

View Profile Mar 19 1994

Covest Banc, National Association

Covest Banc, National Association was established 89 years ago and is currently headquartered in Des Plaines, IL.

Jul 01 1934
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
First Midwest Bank/Illinois, National Association Buyer 819,486 Pooling of Interests Discontinued 2/14/2004
Irving Federal Bank For Savings, F.S.B. Seller 179,412 Failure 3/19/1994
Relationships Role Relationship Start Relationship End
First Midwest Bancorp, Inc. Parent 12/31/2003 2/13/2004
Covest Bancshares, Inc. Parent 8/1/1997 12/30/2003
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