Bank of Shorewood
Shorewood, IL · Owner: Will County Bcorp Inc
$111M
total assets, June 30, 2011
$111M
total assets, June 30, 2011
Bank of Shorewood was a state nonmember bank in Shorewood, IL, owned by Will County Bcorp Inc. It failed on Aug 5, 2011, and Heartland Bank And Trust Company took over its deposits. At its last report it held $110.7 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2011
This bank failed
- Failed on
- Aug 5, 2011
- Assets
- $111M
- Deposits
- $104M
- Estimated cost
- $29.4M
- Deposits went to
- Heartland Bank And Trust Company, Bloomington, IL
Total assets
$111M
-12.8% in a year · -7.9% in a quarter
Deposits
$104M
-11.0% in a year · -7.2% in a quarter
Loans
$72.4M
-21.7% in a year · -3.0% in a quarter
Profit so far
-$1.8M
Jan 1 to Jun 30, 2011
Capital ratio
1.70%
-2.25 pts in a year
Return on assets
-3.01%
+2.92 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 700 West Jefferson Street, Shorewood, IL, 60431
- County
- Will
- Holding company
- Will County Bcorp Inc
- Established
- Apr 24, 1978
- Failed
- Aug 5, 2011
- Employees
- 29
- Branches
- 3
- Id
- b22637
Quarter by quarter
March 31, 1984 to June 30, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Bank of Shorewood?
$110.7 million in total assets and $104.0 million in deposits as of June 30, 2011, with assets down 12.8% from a year before. Its loans were $72.4 million.
How many branches does Bank of Shorewood have?
3 branches in Illinois as of June 30, 2026.
Is Bank of Shorewood profitable?
No: it lost $1.78 million from January 1 to June 30, 2011. Its return on assets was -3.01% a year; about 1% is typical.
Who owns Bank of Shorewood?
Bank of Shorewood is owned by Will County Bcorp Inc, its holding company.
When did Bank of Shorewood fail?
Aug 5, 2011. Heartland Bank And Trust Company of Bloomington, IL took over its deposits. The estimated cost of the failure was $29.4 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.