Harris Bank Elk Grove, National Association in Elk Grove Village, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 27, 2005

  • Harris Bank Elk Grove, National Association in Elk Grove Village, Illinois (IL)
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Harris Bank Elk Grove, National Association - Overview

  • General
  • FDIC Certificate #: 20544
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BMO Harris Bank National Association (#16571)
    Federal Reserve ID: 733531
    Date Established: November 15, 1971
    WWW: http://www.harrisbank.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 14178
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: November 15, 1971
    Last Structure Change Effective Date: May 27, 2005
    Last Structure Change Process Date: June 03, 2005
    Last Data Update: June 03, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 East Devon Avenue, Elk Grove Village, IL 60007
    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: $196.8 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, 2004)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $189,633Total assets
  • $3,821Cash and due from depository institutions
  • $0Interest-bearing balances
  • $23,471Securities
  • $2,075Federal funds sold & reverse repurchase agreements
  • $155,741Net loans & leases
  • $1,710Loan loss allowance
  • $0Trading account assets
  • $2,972Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,553All other assets
  • $189,633Total liabilities and capital
  • $175,075Total liabilities
  • $171,903Total deposits
  • $137,386Interest-bearing deposits
  • $171,903Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $339Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,000Subordinated debt
  • $833All other liabilities
  • $14,558Total equity capital
  • $14,558Total bank equity capital
  • $14,558Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $2,115Undivided profits
  • Memoranda
  • $12,143Noncurrent loans and leases
  • $60,600Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $302Earning assets
  • $0Long-term assets (5+ years)
  • $700Average Assets, year-to-date
  • $181,287Average Assets, quarterly
  • $24,473Volatile liabilities
  • $183,601Insider loans
  • $190,419FHLB advances
  • $33,465Loans and leases held for sale
  • $2,814Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $60,600Total unused commitments
  • $0Restructured Loans and leases
  • $3,710Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $8,505Total interest income
  • $1,905Total interest expense
  • $6,600Net interest income
  • $239Provision for loan and lease losses
  • $997Total noninterest income
  • $0Fiduciary activities
  • $591Service charges on deposit accounts
  • $0Trading account gains & fees
  • $406Additional noninterest income
  • $4,662Total noninterest expense
  • $1,585Salaries and employee benefits
  • $438Premises and equipment expense
  • $2,639Additional noninterest expense
  • $2,696Pre-tax net operating income
  • $12Securities gains (losses)
  • $991Applicable income taxes
  • $1,717Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,717Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $135Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 2.64%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 12.45%Return on equity (ROE)
  • 12.45%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 177.04%Credit loss provision to net charge-offs
  • 21.74%Efficiency ratio
  • 61,366Assets per employee
  • 7.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 566.23%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 90.60%Net loans and leases to core deposits
  • 112.22%Equity capital to assets
  • 7.68%Core capital (leverage) ratio
  • 7.51%Tier 1 risk-based capital ratio
  • 9.33%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $183,601Average earning assets
  • $13,794Average equity
  • $176,626Average loans

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