Founders Bank
Worth, IL — Non-member Bank
Acquired Jul 2009
Vitals
-
Total Assets889.2M -8.6 %
-
Total Deposits832.2M 3.7 %
-
Total Net Loans573.1M -12.0 %
-
Net Income
-
Book Value19.1M -67.6 %
-
Book Value x238.1M -67.6 %
-
Book Value x357.2M -67.6 %
Balance Sheet Highlights
| Financial Highlights | Founders Bank | All Insured Commercial Banks in Illinois |
| Balance Sheet $(000) | ||
| Total Assets | 889,172 | 210,890 |
| Total Net Loans | 573,132 | 142,582 |
| Total Deposits | 832,160 | 177,660 |
| Total Equity | 19,056 | 21,106 |
| Profitability | ||
| Net Income | — | 2,174 |
| Return on Average Assets | — | 1.029 |
| Return on Average Equity | — | 9.922 |
| Net Interest Margin | 2.328 | 3.538 |
| Efficiency Ratio | 102.563 | 72.036 |
| Noninterest Income/Revenue | 20.311 | 13.486 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 68.873 | 73.781 |
| Securities/Assets | .235 | .645 |
| Total Equity/Total Assets | .021 | .1 |
| Tangible Equity/Tangible Assets | .021 | -.028 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 20,131 | 20,014 |
| Tier 2 Capital | 20,131 | 2,112 |
| Total Capital | 40,262 | 22,189 |
| Total Risk Weighted Assets | 817,917 | 156,820 |
| Leverage Ratio | 2.12 | 9.796 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 2.46 | 14.611 |
| Total Capital Ratio | 4.92 | 15.701 |
Timeline for Founders Bank
The Privatebank And Trust Company
Founders Bank was acquired by The Privatebank And Trust Company 14 years
View Profile Jul 03 2009
Mount Greenwood Bank
Acquisition: Founders Bank acquired a new subsidiary, Mount Greenwood Bank, 25 years
View Profile Jun 01 1998
Tri-County Bank
Acquisition: Founders Bank acquired a new subsidiary, Tri-County Bank, 25 years
View Profile Jun 01 1998
Founders Group, Inc.
Founders Group, Inc. became a new parent organization for Founders Bank.
View Profile Dec 21 1993
Worth Bancorp., Inc.
Worth Bancorp., Inc. became a new parent organization for Founders Bank.
View Profile Oct 23 1981
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| The Privatebank And Trust Company | Buyer | 19,090,535 | Failure | 7/3/2009 | |
| Mount Greenwood Bank | Seller | 148,668 | Pooling of Interests | Discontinued | 6/1/1998 |
| Tri-County Bank | Seller | 36,860 | Pooling of Interests | Discontinued | 6/1/1998 |
| Relationships | Role | Relationship Start | Relationship End |
| Founders Group, Inc. | Parent | 12/21/1993 | 7/2/2009 |
| Worth Bancorp., Inc. | Parent | 10/23/1981 | 12/20/1993 |
Similar Organizations
| Organization | City | State | Total Assets |
|---|---|---|---|
|
Skagit Bank
|
Burlington | WA | 891.3M |
|
The Morrill And Janes Bank And Trust Company
|
Merriam | KS | 862.8M |
|
Centennial Bank And Trust
|
Denver | CO | 892.7M |
|
Embassy Bank For The Lehigh Valley
|
Bethlehem | PA | 890.0M |
|
U. S. Century Bank
|
Doral | FL | 896.5M |
|
Landmark Community Bank
|
Collierville | TN | 898.0M |
|
Corefirst Bank & Trust
|
Topeka | KS | 897.5M |
|
Lincoln Savings Bank
|
Cedar Falls | IA | 930.2M |
|
Security State Bank & Trust
|
Fredericksburg | TX | 931.7M |
|
Firstbank Southwest
|
Amarillo | TX | 908.3M |