Vitals
  • Total Assets
    2.2B -18.4 %
  • Total Deposits
    1.5B -12.7 %
  • Total Net Loans
    1.2B -16.4 %
  • Net Income
    -39554000.0000
  • Book Value
    9.4M -93.7 %
  • Book Value x2
    18.8M -93.7 %
  • Book Value x3
    28.2M -93.7 %
ROAA

-3.518

ROAE

-341.498

Efficiency Ratio

144.179

Net Interest Margin

1.812

Balance Sheet Highlights
Financial Highlights Shorebank All Insured Commercial Banks in Illinois
Balance Sheet $(000)
Total Assets 2,166,431 208,119
Total Net Loans 1,234,396 131,842
Total Deposits 1,547,403 176,773
Total Equity 9,396 20,120
Profitability
Net Income -39,554 462
Return on Average Assets -3.518 .581
Return on Average Equity -341.498 5.403
Net Interest Margin 1.812 3.694
Efficiency Ratio 144.179 69.682
Noninterest Income/Revenue .632 11.244
Balance Sheet Ratios
Loan-to-Deposit 79.772 71.221
Securities/Assets .326 .194
Total Equity/Total Assets .004 .097
Tangible Equity/Tangible Assets -.003 .093
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 4,119 18,295
Tier 2 Capital 4,119 1,755
Total Capital 8,238 20,151
Total Risk Weighted Assets 1,244,219 145,727
Leverage Ratio .18 9.59
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio .33 14.724
Total Capital Ratio .66 15.86

Timeline for Shorebank

Shorebank was acquired by 13 years

Aug 21 2010

Urban Partnership Bank

Shorebank was acquired by Urban Partnership Bank 13 years

View Profile Aug 21 2010

Greater Chicago Bank

Acquisition: Shorebank acquired a new subsidiary, Greater Chicago Bank, 17 years

View Profile Nov 20 2006

Shorebank

Acquisition: Shorebank acquired a new subsidiary, Shorebank, 18 years

View Profile Sep 30 2005

Shorebank, Detroit

Acquisition: Shorebank acquired a new subsidiary, Shorebank, Detroit, 23 years

View Profile Mar 10 2001

Want to see more?

Complete timeline for Shorebank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Urban Partnership Bank Buyer 573,953 Failure 8/21/2010
Greater Chicago Bank Seller 69,583 Pooling of Interests Discontinued 11/20/2006
Shorebank Seller 65,360 Pooling of Interests Discontinued 9/30/2005
Shorebank, Detroit Seller 41,648 Pooling of Interests Discontinued 3/10/2001
Independence Bank Of Chicago Seller 145,671 Pooling of Interests Discontinued 3/30/1996
Drexel National Bank Seller 124,729 Acquisition Discontinued 12/16/1995
Relationships Role Relationship Start Relationship End
Shorebank Corporation, The Parent 2/15/2001 8/20/2010
Shorebank Corporation, The Parent 12/31/1984 2/14/2001
Shorebank Corporation, The Parent 12/31/1983 12/30/1984
Shorebank Corporation, The Parent 12/31/1981 12/30/1983
Shorebank Corporation, The Parent 12/31/1974 12/30/1981
Shorebank Corporation, The Parent 12/27/1973 12/30/1974
71St And Jeffery Safe Deposit Subsidary 12/31/1976 12/31/1980
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