West Suburban Bank (merged into Old Second National Bank)
West Suburban Bank reported total assets of $2.9 bn at Q3 2021, its last Call Report before it merged into Old Second National Bank. The CET1 capital ratio at West Suburban Bank was 12.55%, and the uninsured share of West Suburban Bank was 20.82%. Source: FDIC Call Reports.
What sets West Suburban Bank apart
Nothing in the latest data sets West Suburban Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is West Suburban Bank?
The balance sheet of West Suburban Bank at : assets $2.9 bn, deposits $2.6 bn, net loans $1.5 bn (loans equal to 58.06% of deposits). Securities make up 38.8% of total assets at West Suburban Bank. Since , when West Suburban Bank held $2.2 bn, its assets grew 31.3%. In the year to , deposits at West Suburban Bank rose 9.9% while its total assets rose 9.6%. At , West Suburban Bank employed 365 full-time equivalent staff across 40 offices, about $7.9 mn of assets per employee and $65.9 mn of deposits per office.
How much funding at West Suburban Bank is uninsured?
At West Suburban Bank, uninsured deposits (above the FDIC limit) made up 20.82% of domestic deposits at (+0.68 pp on a year earlier). In dollars, West Suburban Bank estimated $548.7 mn of uninsured deposits.
Key facts, Q3 2021
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.6 bn | $2.4 bn (Q3 2020) | |
| Net loans and leases | $1.5 bn | $1.4 bn (Q3 2020) | |
| Loan-to-deposit ratio | 58.06% | 59.69% (Q3 2020) | |
| Tier 1 leverage ratio | 8.17% | 8.53% (Q3 2020) | |
| Total risk-based capital ratio | 13.55% | 15.23% (Q3 2020) | |
| Net interest margin | 2.51% | 2.66% (Q3 2020) | |
| Return on assets (ROA) | 0.87% | 0.41% (Q3 2020) | |
| Efficiency ratio | 62.54% | 75.36% (Q3 2020) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $1.5 mn | Turned from a gain into a loss | |
| Unrealized gain/loss on available-for-sale securities | Gain of $4.6 mn | Fell by $3.9 mn | |
| Noncurrent loans to total loans | 1.52% | 1.61% (Q3 2020) | |
| Net charge-offs to average loans | -0.02% | 0.07% (Q3 2020) |
US rank of West Suburban Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
West Suburban Bank: assets, deposits and loans
- Total assets $2.9bn
- Deposits $2.6bn
- Net loans $1.5bn
Capital and securities
The CET1 ratio of West Suburban Bank stood at 12.55% in , -1.46 pp year on year. Low and high at West Suburban Bank since : 12.55% () to 15.06% (). Equity capital of West Suburban Bank at : $243.7 mn, or 8.4% of total assets. West Suburban Bank also reported a total capital ratio of 13.55% for , and a tier 1 leverage ratio of 8.17%.
On held-to-maturity securities, West Suburban Bank carried an unrealized loss of $1.5 mn at , equal to 0.6% of equity capital. The loss turned from a gain into a loss over the year. Its deepest point: $14.8 mn in . The available-for-sale portfolio of West Suburban Bank showed an unrealized gain of $4.6 mn at ; the gain fell by $3.9 mn over the year.
West Suburban Bank: capital ratios
- Total capital 14%
- CET1 13%
- Tier 1 leverage 8.2%
West Suburban Bank: unrealized securities gains and losses
- Available for sale $5mn
- Held to maturity -$2mn
Profitability and loan quality
For the year to , West Suburban Bank earned a return on equity of 10.50%; return on assets: 0.87%. Net interest margin at West Suburban Bank: 2.51%, -0.15 pp in a year. West Suburban Bank net income: $18.9 mn, up 147.2% year on year. The efficiency ratio of West Suburban Bank was 62.54%: about 63 cents cost per revenue dollar, against 57 cents at the median peer.
At , noncurrent loans were 1.52% of total loans at West Suburban Bank; net charge-offs: -0.02% of average loans. Gross loans and leases at West Suburban Bank: $1.5 bn at , against $1.5 bn at .
West Suburban Bank: profitability
- Return on equity 10%
- Net interest margin 2.5%
- Return on assets 0.9%
Peer group of West Suburban Bank
The peer group of West Suburban Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of West Suburban Bank (state nonmember bank) and 1 has its head office in Illinois. Against them, West Suburban Bank shows CET1 ratio 12.55% against a peer median of 13.97%, return on equity 10.50% against a peer median of 12.67% and uninsured deposit share 20.82% against a peer median of 46.31%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| STAR Financial Bank | State nonmember bank | IN | $2.9 bn | 14.10% | 10.36% | 45.21% | |
| Lone Star National Bank | National bank | TX | $2.9 bn | not reported | 12.70% | 56.06% | |
| Macatawa Bank | National bank | MI | $2.9 bn | 16.88% | 12.64% | 47.41% | |
| West Suburban Bank | State nonmember bank | IL | $2.9 bn | 12.55% | 10.50% | 20.82% | |
| Parkway Bank and Trust Company | State nonmember bank | IL | $2.9 bn | 13.26% | 11.67% | 14.62% | |
| Cache Valley Bank | State nonmember bank | UT | $2.9 bn | 13.97% | 29.33% | 53.59% | |
| Orrstown Bank | State member bank | PA | $2.9 bn | 13.52% | 13.94% | 22.03% | |
. FDIC Call Reports.
Last eight quarters
Two years at West Suburban Bank, to : assets $2.3 bn to $2.9 bn, deposits $2.1 bn to $2.6 bn, equity $218.4 mn to $243.7 mn. Staff 458 to 365; offices 45 to 40.
| Metric | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.3 bn | $2.3 bn | $2.6 bn | $2.6 bn | $2.8 bn | $2.9 bn | $3.0 bn | $2.9 bn |
| Total deposits | $2.1 bn | $2.1 bn | $2.4 bn | $2.4 bn | $2.5 bn | $2.7 bn | $2.6 bn | $2.6 bn |
| Bank equity capital | $218.4 mn | $224.7 mn | $226.9 mn | $230.3 mn | $232.6 mn | $239.1 mn | $243.4 mn | $243.7 mn |
| CET1 ratio | 14.10% | 13.97% | 14.06% | 14.01% | 13.76% | 13.40% | 12.82% | 12.55% |
| Return on equity (ROE) | 7.27% | 3.19% | 4.26% | 4.52% | 4.86% | 16.98% | 12.36% | 10.50% |
| Uninsured share of domestic deposits | 16.26% | 15.16% | 19.44% | 20.14% | 20.59% | 21.51% | 20.54% | 20.82% |
| Full-time equivalent employees | 458 | 466 | 460 | 445 | 403 | 384 | 399 | 365 |
| Number of offices | 45 | 45 | 45 | 45 | 44 | 43 | 40 | 40 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of West Suburban Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Old Second National Bank (FDIC certificate 3603).
Questions and identifiers
What were the total assets of West Suburban Bank?
West Suburban Bank reported $2.9 bn at in its Call Report.
Is West Suburban Bank the same as its holding company?
No. This page covers West Suburban Bank, FDIC certificate 18509; WEST SUBURBAN BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is West Suburban Bank profitable?
West Suburban Bank reported net income of $18.9 mn for the year to ; annualized return on equity: 10.50%. So yes: West Suburban Bank made a profit over these months.
When is data for West Suburban Bank next updated?
West Suburban Bank no longer files Call Reports; its data ends at .
Where can I check the figures for West Suburban Bank?
In the FDIC BankFind Suite record for certificate 18509, and in the Call Reports of West Suburban Bank (RSSD ID 375034) at the FFIEC Central Data Repository.