239.00
-0.93%
Close of 9 Nov 2026, in USD
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About First Ottawa Bancshares
From its filings with the US Securities and Exchange Commission
First Ottawa Bancshares is based in Ottawa, Illinois and is incorporated in Delaware. Its shares trade on OTC under the ticker FOTB. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2011, it reported net income of $750,000. At that date it held total assets of $270.7m and shareholders' equity of $24.2m.
First Ottawa Bancshares, Inc. (the “Company”) is a bank holding company for its wholly-owned subsidiary, The First National Bank of Ottawa (the “Bank”), and the Bank’s wholly owned subsidiary, First Ottawa Financial Corporation. The Company was organized as a Delaware corporation in 1999. As of December 31, 2011, the Company had total assets of $270.7 million, total deposits of $242.3 million, net loans, including loans held for sale, of $126.9 million and total shareholders’ equity of $24.2 million. For the year ended December 31, 2011, the Company had interest income of $10.5 million and net income of $750,000, which amounted to basic and diluted earnings per share of $1.16.
The Company conducts a general banking business embracing most of the services, both commercial and consumer, which banks may lawfully provide, including the following principal services: the acceptance of deposits for demand, savings, and time accounts and the servicing of such accounts; commercial, agricultural, consumer, and real estate lending, including installment loans, personal lines of credit, and overdraft protection; trust operations; farm management; safe deposit operations; and an extensive variety of additional services tailored to the needs of individual customers, including the sale of gift cards, cashier’s checks, and foreign currency and other special services. Loans, both commercial and consumer, are provided on either a secured or unsecured basis to corporations, partnerships, and individuals.
Quoted from its 10-K, filed 26 Mar 2012. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 15 Jan 2002
- Employees
- 81
- Website
- firstottawa.com ↗
- Head office
- 701 LASALLE STREET, OTTAWA, IL, 61350
- Incorporated in
- DE
- Classification
- State Commercial Banks
Leadership
Pay as last reported
- Ms. Lynn DubajicIndependent Chairman of the Board
- Mr. Steven GonzaloPresident, Chief Executive Officer, Director, since 2001
- Mr. Daniel MillerVice Chairman of the Board, since 2018
- Mr. Vincent EasiChief Financial Officer, Executive Vice President, Corporate Secretary, since 2020
- Ms. Karla JonesSecretary to Board of Directors
- Mr. Joseph ChiarielloDirector
- Mr. Bradley ArmstrongIndependent Director
- Mr. Donald HarrisIndependent Director, since 1999$158,808
- Mr. William WalshIndependent Director
- Mr. Brian ZabelIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- First Ottawa Bancshares Inc has a strong financial position, characterized by high liquidity and minimal debt. This enables the company to weather economic downturns and make strategic investments.
- The company has a well-established brand reputation and a large customer base, which provides stability and customer loyalty. This allows First Ottawa Bancshares Inc to attract and retain customers in a competitive market.
Weaknesses
- First Ottawa Bancshares Inc has limited geographic presence, primarily operating in a local market. This lack of diversification exposes the company to regional economic risks and limits its growth potential.
- The company may also face difficulties in adapting to rapidly changing technological advancements in the banking industry, which could put it at a disadvantage compared to more tech-savvy competitors.
Opportunities
- First Ottawa Bancshares Inc can seize opportunities to expand its product and service offerings, attracting new customers and increasing revenue streams. This could involve introducing innovative digital banking solutions or entering new markets through strategic partnerships or acquisitions.
- The growing demand for sustainable and socially responsible banking presents an opportunity for First Ottawa Bancshares Inc to develop and promote environmentally friendly initiatives. This can enhance the company's brand image and attract environmentally conscious customers.
Threats
- Increasing competition from larger national and international banking institutions poses a threat to First Ottawa Bancshares Inc. These competitors may have greater resources and advanced technology, making it challenging for the company to maintain market share.
- Changes in regulatory policies and compliance requirements can also pose threats to First Ottawa Bancshares Inc. Keeping up with evolving regulations and ensuring compliance can be costly and time-consuming.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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