Bank of Palatine in Palatine, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Palatine - Overview

  • General
  • FDIC Certificate #: 21971
    Status: Active
    Federal Reserve ID: 980344
    Bank Holding Company (Regulatory Top Holder): Bancpal, Inc. (RSSDID: 1491696, Location: Palatine, IL)
    Date Established: April 08, 1975
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 15232
    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: Yes
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: April 08, 1975
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: One East Northwest Highway, Palatine, IL 60067
    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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $58.3 mil
    Equity capital: $4.0 mil
    Deposits held in domestic offices: $54.3 mil
    Return on assets (ROA): -1.15% (-$0.7 mil)
    Quarterly return on assets: -0.02% (-$0.0 mil)
    Return on Equity (ROE): -16.48% (-$0.7 mil)
    Quarterly return on equity: -0.29% (-$0.0 mil)
    Net income: -$0.7 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: -1.15% (-$670.8 mil)
    Quarterly Pretax return on assets: -0.02% (-$11.7 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
  • 17Total employees (full-time equivalent)
  • $58,334Total assets
  • $21,055Cash and due from depository institutions
  • $20,442Interest-bearing balances
  • $16,582Securities
  • $99Federal funds sold & reverse repurchase agreements
  • $18,088Net loans & leases
  • $469Loan loss allowance
  • $0Trading account assets
  • $180Bank premises and fixed assets
  • $803Other real estate owned
  • $0Goodwill and other intangibles
  • $58,334Life insurance assets
  • $1,527All other assets
  • $54,314Total liabilities and capital
  • $54,292Total liabilities
  • $45,735Total deposits
  • $54,292Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $22Subordinated debt
  • $4,020All other liabilities
  • $4,020Total equity capital
  • $4,020Total bank equity capital
  • $0Perpetual preferred stock
  • $859Common stock
  • $3,166Surplus
  • $-5Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,752Income earned, not collected on loans
  • $0Earning assets
  • $113Long-term assets (5+ years)
  • $55,211Average Assets, year-to-date
  • $11,153Average Assets, quarterly
  • $59,452Volatile liabilities
  • $58,169Insider loans
  • $20,636FHLB advances
  • $57,377Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,119Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,487Restructured Loans and leases
  • $109Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,454Total interest income
  • $290Total interest expense
  • $1,164Net interest income
  • $221Provision for loan and lease losses
  • $229Total noninterest income
  • $0Fiduciary activities
  • $104Service charges on deposit accounts
  • $0Trading account gains & fees
  • $125Additional noninterest income
  • $2,051Total noninterest expense
  • $1,122Salaries and employee benefits
  • $401Premises and equipment expense
  • $528Additional noninterest expense
  • -$879Pre-tax net operating income
  • $195Securities gains (losses)
  • $0Applicable income taxes
  • -$684Income before extraordinary items
  • $0Extraordinary gains - net
  • -$684Net income attributable to bank
  • $0Net charge-offs
  • -$684Cash dividends
  • $216Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.61%Yield on earning assets
  • 0.52%Cost of funding earning assets
  • 2.09%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 3.68%Noninterest expense to earning assets
  • -1.48%Net operating income to assets
  • -1.15%Return on assets (ROA)
  • -1.15%Pretax return on assets
  • -16.48%Return on equity (ROE)
  • -16.48%Retained earnings to average equity (YTD only)
  • 1.11%Net charge-offs to loans
  • 102.31%Credit loss provision to net charge-offs
  • -3.05%Efficiency ratio
  • 147,236Assets per employee
  • 3.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.53%Loss allowance to noncurrent loans
  • 26.77%Noncurrent assets plus other real estate owned to assets
  • 4.38%Noncurrent loans to loans
  • 9.44%Net loans and leases to deposits
  • 33.32%Net loans and leases to core deposits
  • 34.60%Equity capital to assets
  • 6.89%Core capital (leverage) ratio
  • 7.18%Tier 1 risk-based capital ratio
  • 19.96%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $59,452Average earning assets
  • $4,151Average equity
  • $55,695Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015232Bank Of PalatineOne East Northwest Highway, Palatine, IL 60067April 08, 1975Full Service Brick and Mortar

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