This institution is no longer active

Operations ceased on March 29, 1996. CRA examination history below reflects the period it was active.

INDEPENDENCE BANK OF CHICAGO

CHICAGO, IL · Supervised by FDIC

Est. 1964FDIC #19,308RSSD: FDIC-19308

Part ofSHOREBANK CORP THE→ View all charters

Needs to Improve Same

Current rating · Exam: February 1995

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At a Glance

Community Lending (CRA)

Needs to Improve

Has deficiencies in community lending that regulators have identified

Financial Health

Adequate

ROA 0.08%

Institution Profile

FDIC BankFind

Address

7936 South Cottage Grove Avenue, CHICAGO, IL

County

Cook County

Established

December 14, 1964

Total Assets

$146M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Needs to Improve

Has deficiencies in community lending that regulators have identified

Exam Date

February 1, 1995

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 31 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 1995Call Report / FDIC

Total Assets

$146M

Total Deposits

$123M

Net Loans

$38M

Net Income

$109K

ROA

0.08%

Below avg for Small banks. Peer avg: 0.44%

ROE

0.79%

Risk-Based Capital

21.60%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.08%Peer avg: 0.44%▼ Below avg

Risk-Based Capital21.60%Peer avg: 23.03%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Rating History

CRA / FFIEC

Rating Trend

↓ Declining

Based on last 3 exams

Exam Date	Rating	Exam Type
Feb 1995	Needs to Improve	Not Reported
Sep 1993	Needs to Improve	Not Reported
Jun 1991	Satisfactory	Not Reported

Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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