Amalgamated Bank of Chicago in Chicago, Illinois (IL)



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Amalgamated Bank of Chicago routing number info

Table of contents:
Amalgamated Bank of Chicago
GeneralFDIC Certificate #: 903
Status: Active
Federal Reserve ID: 397531
Bank Holding Company (Regulatory Top Holder): Amalgamated Investments Company (RSSDID: 1020676, Location: Chicago, IL)
Date Established: June 30, 1922
WWW: http://www.aboc.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 10892
FDIC's unique #: 581
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 01, 2006
Last Structure Change Process Date: June 15, 2006
Last Data Update: June 15, 2006
Data Source Date: April 05, 2012
LocationAddress: One West Monroe Street, Chicago, IL 60603
County: Cook
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Chicago
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
History of ChangesParticipated in Reorganization
Financial SummaryTotal assets: $880.9 mil
Equity capital: $46.7 mil
Deposits held in domestic offices: $806.6 mil
Return on assets (ROA): 0.25% ($2.2 mil)
Quarterly return on assets: 0.32% ($2.8 mil)
Return on Equity (ROE): 3.92% ($1.8 mil)
Quarterly return on equity: 5.33% ($2.5 mil)
Net income: $2.0 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 0.38% ($3,347.4 mil)
Quarterly Pretax return on assets: 0.40% ($3,523.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)186
Total assets$880,891
Cash and due from depository institutions$326,997
Interest-bearing balances$313,797
Securities$168,809
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$352,915
Loan loss allowance $9,036
Trading account assets$0
Bank premises and fixed assets$5,192
Other real estate owned$1,704
Goodwill and other intangibles$89
All other assets$25,185
Life insurance assets$880,891
Total liabilities and capital$834,198
Total liabilities$806,556
Total deposits$365,855
Interest-bearing deposits$806,556
Deposits held in domestic offices$72
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,000
Other borrowed funds $0
Subordinated debt $21,642
All other liabilities $46,693
Total equity capital$46,693
Total bank equity capital$46,693
Perpetual preferred stock$0
Common stock$2,200
Surplus$17,800
Undivided profits $26,693
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $85
Income earned, not collected on loans $28,761
Earning assets $0
Long-term assets (5+ years) $1,276
Average Assets, year-to-date $835,521
Average Assets, quarterly $64,196
Volatile liabilities $820,906
Insider loans $827,696
FHLB advances $431,049
Loans and leases held for sale $790,512
Unused loan commitments $455
Tier 1 (core) risk-based capital $455
Tier 2 risk-based capital $47,457
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $321,946
Derivatives$1,014
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $23,362
Total interest expense $1,974
Net interest income $21,388
Provision for loan and lease losses $5,400
Total noninterest income $23,333
Fiduciary activities $15,411
Service charges on deposit accounts $4,201
Trading account gains & fees $0
Additional noninterest income $3,721
Total noninterest expense $37,764
Salaries and employee benefits $18,328
Premises and equipment expense $859
Additional noninterest expense $18,577
Pre-tax net operating income $1,557
Securities gains (losses) $1,536
Applicable income taxes $1,045
Income before extraordinary items $2,048
Extraordinary gains - net $0
Net income attributable to bank $2,048
Net charge-offs $0
Cash dividends $2,048
Sale, conversion, retirement of capital stock, net $4,703
Net operating income $7,300
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.04%
Cost of funding earning assets 0.26%
Net interest margin 2.78%
Noninterest income to earning assets 3.03%
Noninterest expense to earning assets 4.91%
Net operating income to assets 0.13%
Return on assets (ROA) 0.25%
Pretax return on assets 0.38%
Return on equity (ROE) 3.92%
Retained earnings to average equity (YTD only) -10.04%
Net charge-offs to loans 1.27%
Credit loss provision to net charge-offs 114.82%
Efficiency ratio1.48%
Assets per employee$84,428
Cash dividends to net income (YTD only)4.74%
Condition Ratios (%)
Loss allowance to loans 356.45%
Loss allowance to noncurrent loans 2.50%
Noncurrent assets plus other real estate owned to assets 31.42%
Noncurrent loans to loans 3.46%
Net loans and leases to deposits7.95%
Net loans and leases to core deposits 43.76%
Equity capital to assets 46.16%
Core capital (leverage) ratio 5.30%
Tier 1 risk-based capital ratio 6.00%
Total risk-based capital ratio 11.01%
Memoranda
Average assets$12
Average earning assets$820,906
Average equity $52,285
Average loans $769,140
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$14,002,669
Number of Accounts1
Personal trust and agency accounts$3,346,869
Employee benefit-defined contribution accounts$95,723
Employee benefit-defined benefit accounts$6,593
Other retirement accounts$2,588,620
Corporate trust and agency accounts$499,223
Investment management agency accounts$0
Other fiduciary accounts$156,710
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts2445
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$4,892
Employee benefit-defined benefit accounts$0
Other retirement accounts$10,655,800
Corporate trust and agency accounts$97,301
Other fiduciary accounts$304,477
Fiduciary accounts held in foreign offices$913,970
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2 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0581Amalgamated Bank Of ChicagoOne West Monroe Street, Chicago, IL 60603June 30, 1922Full Service Brick and Mortar
2478553Warrenville Branch28600 Bella Vista Parkway, Warrenville, IL 60555July 01, 2007Full Service Brick and Mortar
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