Archer Bank in Chicago, Illinois (IL)



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Archer Bank routing number info

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Archer Bank
GeneralFDIC Certificate #: 18625
Status: Active
Federal Reserve ID: 323035
Bank Holding Company (Regulatory Top Holder): Metropolitan Bank Group, Inc. (RSSDID: 1204627, Location: Chicago, IL)
Date Established: November 03, 1962
WWW: http://www.archerbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 20 (Domestic: 20, Interstate: No)
FDIC's unique #: 12510
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: November 03, 1962
Last Structure Change Effective Date: March 31, 2010
Last Structure Change Process Date: April 21, 2010
Last Data Update: April 21, 2010
Data Source Date: April 05, 2012
LocationAddress: 4970 South Archer Avenue, Chicago, IL 60632
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 Absorption/Consolidation/Merger
Financial SummaryTotal assets: $577.8 mil
Equity capital: $50.0 mil
Deposits held in domestic offices: $525.4 mil
Return on assets (ROA): -2.51% (-$14.5 mil)
Quarterly return on assets: -1.16% (-$6.7 mil)
Return on Equity (ROE): -27.67% (-$13.8 mil)
Quarterly return on equity: -13.32% (-$6.7 mil)
Net income: -$14.4 mil
Quarterly Net income: -$1.7 mil
Pretax return on assets: -3.88% (-$22,417.4 mil)
Quarterly Pretax return on assets: -2.33% (-$13,462.0 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)166
Total assets$577,769
Cash and due from depository institutions$126,382
Interest-bearing balances$119,125
Securities$69,185
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$306,899
Loan loss allowance $18,803
Trading account assets$0
Bank premises and fixed assets$28,383
Other real estate owned$18,750
Goodwill and other intangibles$2,530
All other assets$25,640
Life insurance assets$577,769
Total liabilities and capital$527,785
Total liabilities$525,358
Total deposits$441,050
Interest-bearing deposits$525,358
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,427
All other liabilities $49,984
Total equity capital$49,984
Total bank equity capital$49,984
Perpetual preferred stock$0
Common stock$1,116
Surplus$48,649
Undivided profits $219
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,329
Income earned, not collected on loans $57,750
Earning assets $0
Long-term assets (5+ years) $1,956
Average Assets, year-to-date $495,209
Average Assets, quarterly $86,157
Volatile liabilities $572,583
Insider loans $581,418
FHLB advances $349,573
Loans and leases held for sale $561,378
Unused loan commitments $392
Tier 1 (core) risk-based capital $392
Tier 2 risk-based capital $26,133
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,877
Derivatives$2,393
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $23,129
Total interest expense $2,701
Net interest income $20,428
Provision for loan and lease losses $18,188
Total noninterest income -$414
Fiduciary activities $0
Service charges on deposit accounts $1,687
Trading account gains & fees $0
Additional noninterest income -$2,101
Total noninterest expense $24,316
Salaries and employee benefits $8,165
Premises and equipment expense $3,804
Additional noninterest expense $12,347
Pre-tax net operating income -$22,490
Securities gains (losses) $269
Applicable income taxes -$7,845
Income before extraordinary items -$14,376
Extraordinary gains - net $0
Net income attributable to bank -$14,376
Net charge-offs $0
Cash dividends -$14,376
Sale, conversion, retirement of capital stock, net $8,847
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.73%
Cost of funding earning assets 0.55%
Net interest margin 4.18%
Noninterest income to earning assets -0.08%
Noninterest expense to earning assets 4.97%
Net operating income to assets -2.54%
Return on assets (ROA) -2.51%
Pretax return on assets -3.88%
Return on equity (ROE) -27.67%
Retained earnings to average equity (YTD only) -27.67%
Net charge-offs to loans 2.47%
Credit loss provision to net charge-offs 205.58%
Efficiency ratio-0.49%
Assets per employee$118,157
Cash dividends to net income (YTD only)3.48%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 5.77%
Noncurrent assets plus other real estate owned to assets 32.56%
Noncurrent loans to loans 13.24%
Net loans and leases to deposits17.73%
Net loans and leases to core deposits 58.42%
Equity capital to assets 62.87%
Core capital (leverage) ratio 8.65%
Tier 1 risk-based capital ratio 4.66%
Total risk-based capital ratio 7.48%
Memoranda
Average assets$9
Average earning assets$572,583
Average equity $51,961
Average loans $488,905
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20 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
012510Archer Bank4970 South Archer Avenue, Chicago, IL 60632November 03, 1962Full Service Brick and Mortar
1245916Drive-In Facility4872 South Archer Avenue, Chicago, IL 60632December 10, 1973Limited Service Facility
2245917Kedzie Branch4658 South Kedzie Avenue, Chicago, IL 60632March 25, 1981Full Service Brick and Mortar
3245918Central Branch5821 South Archer Avenue, Chicago, IL 60638Febuary 06, 1997Full Service Brick and Mortar
4245919Garfield Branch6859 West Archer Avenue, Chicago, IL 60638August 17, 1998Full Service Brick and Mortar
5245920Burbank Branch6400 West 79th Street, Burbank, IL 60459December 27, 1999Full Service Brick and Mortar
6271583Bridgeview Branch8267 South Roberts Road, Bridgeview, IL 60455November 17, 1987Full Service Brick and Mortar
7288360Summit Branch7600 West 63rd Street, Summit, IL 60501June 30, 1994Full Service Brick and Mortar
8363483Hickory Hills Branch9504 South Roberts Road, Hickory Hills, IL 60457April 11, 2002Full Service Brick and Mortar
9428548Palos Heights Branch12701 South Harlem Avenue, Palos Heights, IL 60463May 15, 2004Full Service Brick and Mortar
10432095Bridgeview/Harlem Branch8601 South Harlem Avenue, Bridgeview, IL 60455July 17, 2004Full Service Brick and Mortar
11432096Chicago Ridge Branch10659 Ridgeland Avenue, Chicago Ridge, IL 60415July 24, 2004Full Service Brick and Mortar
12442296Oak Lawn Branch5400 W. 95th St., Oak Lawn, IL 60453October 02, 2004Full Service Brick and Mortar
13445192Austin Avenue Branch6257 South Austin Avenue, Chicago, IL 60638October 01, 2005Full Service Brick and Mortar
14466381Mt. Greenwood Branch3435 W. 111th St., Chicago, IL 60655December 15, 2006Full Service Brick and Mortar
15478819Evergreen Park Branch3259 W. 95th St., Evergreen Park, IL 60805August 17, 2007Full Service Brick and Mortar
1650034687th Street Branch4848 West 87th Street, Burbank, IL 60459November 06, 2009Full Service Brick and Mortar
1773809Allegiance Community Bank Branch8001 West 183rd Street, Tinley Park, IL 60477September 17, 1999Full Service Brick and Mortar
18460037Tinley Park Branch16700 South Oak Park Avenue, Tinley Park, IL 60477November 09, 2006Full Service Brick and Mortar
19466395Mokena Branch19806 S. Wolf Rd. Unit 101, Mokena, IL 60448March 29, 2007Full Service Brick and Mortar
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