Charter National Bank and Trust in Hoffman Estates, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 10, 2012

Charter National Bank and Trust - Overview

  • General
  • FDIC Certificate #: 23187
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Barrington Bank & Trust Company, National Association (#34395)
    Federal Reserve ID: 942838
    Bank Holding Company (Regulatory Top Holder): Hanover Bank Corp (RSSDID: 1492264, Location: Hanover Park, IL)
    Date Established: July 31, 1980
    WWW: http://www.cn-bank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 16244
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 31, 1980
    Last Structure Change Effective Date: Febuary 10, 2012
    Last Structure Change Process Date: Febuary 13, 2012
    Last Data Update: Febuary 13, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 2200 West Higgins Road, Hoffman Estates, IL 60169
    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)
  • Financial Summary
  • Total assets: $93.9 mil
    Equity capital: $0.3 mil
    Deposits held in domestic offices: $89.5 mil
    Return on assets (ROA): -4.47% (-$4.2 mil)
    Quarterly return on assets: -0.24% (-$0.2 mil)
    Return on Equity (ROE): -180.35% (-$0.0 mil)
    Quarterly return on equity: -42.86% (-$0.0 mil)
    Net income: -$4.5 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -4.47% (-$4,197.1 mil)
    Quarterly Pretax return on assets: -0.24% (-$225.3 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
  • 32Total employees (full-time equivalent)
  • $93,894Total assets
  • $10,878Cash and due from depository institutions
  • $7,737Interest-bearing balances
  • $12,196Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $53,481Net loans & leases
  • $1,772Loan loss allowance
  • $0Trading account assets
  • $1,613Bank premises and fixed assets
  • $10,324Other real estate owned
  • $0Goodwill and other intangibles
  • $93,894Life insurance assets
  • $5,402All other assets
  • $93,581Total liabilities and capital
  • $89,485Total liabilities
  • $49,471Total deposits
  • $89,485Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 858.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,238Subordinated debt
  • $313All other liabilities
  • $313Total equity capital
  • $313Total bank equity capital
  • $0Perpetual preferred stock
  • $2,400Common stock
  • $5,100Surplus
  • $-7,187Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,446Income earned, not collected on loans
  • $0Earning assets
  • $404Long-term assets (5+ years)
  • $73,414Average Assets, year-to-date
  • $12,219Average Assets, quarterly
  • $100,721Volatile liabilities
  • $94,525Insider loans
  • $68,227FHLB advances
  • $95,732Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $86Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,261Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,826Total interest income
  • $282Total interest expense
  • $3,544Net interest income
  • $2,064Provision for loan and lease losses
  • $1,262Total noninterest income
  • $23Fiduciary activities
  • $580Service charges on deposit accounts
  • $0Trading account gains & fees
  • $659Additional noninterest income
  • $8,001Total noninterest expense
  • $1,806Salaries and employee benefits
  • $1,081Premises and equipment expense
  • $5,114Additional noninterest expense
  • -$5,259Pre-tax net operating income
  • $757Securities gains (losses)
  • $0Applicable income taxes
  • -$4,502Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,502Net income attributable to bank
  • $0Net charge-offs
  • -$4,502Cash dividends
  • $1,864Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.56%Yield on earning assets
  • 0.34%Cost of funding earning assets
  • 4.23%Net interest margin
  • 1.50%Noninterest income to earning assets
  • 9.54%Noninterest expense to earning assets
  • -5.22%Net operating income to assets
  • -4.47%Return on assets (ROA)
  • -4.47%Pretax return on assets
  • -180.35%Return on equity (ROE)
  • -180.35%Retained earnings to average equity (YTD only)
  • 2.82%Net charge-offs to loans
  • 110.73%Credit loss provision to net charge-offs
  • -1.71%Efficiency ratio
  • 166,479Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.21%Loss allowance to noncurrent loans
  • 51.42%Noncurrent assets plus other real estate owned to assets
  • 14.67%Noncurrent loans to loans
  • 6.24%Net loans and leases to deposits
  • 59.77%Net loans and leases to core deposits
  • 60.38%Equity capital to assets
  • 0.33%Core capital (leverage) ratio
  • 0.09%Tier 1 risk-based capital ratio
  • 0.13%Total risk-based capital ratio
  • Memoranda
  • $0Average assets
  • $100,721Average earning assets
  • $2,496Average equity
  • $83,874Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $811Managed Assets
  • 1Number of Accounts
  • $811Personal trust and agency accounts
  • $810Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $1Non-managed Assets
  • 1003Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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