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

This bank is inactive as of May 27, 2005

  • Harris Bank Palatine, National Association in Palatine, Illinois (IL)
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Harris Bank Palatine, National Association - Overview

  • General
  • FDIC Certificate #: 16204
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BMO Harris Bank National Association (#16571)
    Federal Reserve ID: 645942
    Date Established: December 02, 1944
    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: 4 (Interstate: No)
    FDIC's unique #: 10405
    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: December 02, 1944
    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: 50 North Brockway, 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)
  • Financial Summary
  • Total assets: $584.8 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
  • 66Total employees (full-time equivalent)
  • $565,043Total assets
  • $9,803Cash and due from depository institutions
  • $0Interest-bearing balances
  • $93,962Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $452,380Net loans & leases
  • $4,819Loan loss allowance
  • $0Trading account assets
  • $3,627Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,271All other assets
  • $565,043Total liabilities and capital
  • $517,949Total liabilities
  • $494,792Total deposits
  • $410,913Interest-bearing deposits
  • $494,792Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $12,971Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,500Subordinated debt
  • $5,686All other liabilities
  • $47,094Total equity capital
  • $47,094Total bank equity capital
  • $47,094Perpetual preferred stock
  • $0Common stock
  • $1,800Surplus
  • $6,918Undivided profits
  • Memoranda
  • $38,376Noncurrent loans and leases
  • $214,840Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,523Earning assets
  • $0Long-term assets (5+ years)
  • $2,326Average Assets, year-to-date
  • $546,342Average Assets, quarterly
  • $62,225Volatile liabilities
  • $575,373Insider loans
  • $550,447FHLB advances
  • $88,713Loans and leases held for sale
  • $2,592Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $214,840Total unused commitments
  • $0Restructured Loans and leases
  • $9,319Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $24,204Total interest income
  • $5,042Total interest expense
  • $19,162Net interest income
  • $600Provision for loan and lease losses
  • $2,885Total noninterest income
  • $0Fiduciary activities
  • $1,426Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,459Additional noninterest income
  • $11,926Total noninterest expense
  • $6,386Salaries and employee benefits
  • $764Premises and equipment expense
  • $4,776Additional noninterest expense
  • $9,521Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,295Applicable income taxes
  • $6,226Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,226Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $899Sale, conversion, retirement of capital stock, net
  • $5,050Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.35%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 3.44%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 2.14%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.65%Pretax return on assets
  • 13.63%Return on equity (ROE)
  • 2.57%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 66.74%Credit loss provision to net charge-offs
  • 11.26%Efficiency ratio
  • 54,094Assets per employee
  • 8.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.11%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 191.00%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 0.55%Net loans and leases to deposits
  • 91.43%Net loans and leases to core deposits
  • 107.95%Equity capital to assets
  • 8.33%Core capital (leverage) ratio
  • 8.57%Tier 1 risk-based capital ratio
  • 10.16%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $575,373Average earning assets
  • $45,678Average equity
  • $556,405Average loans

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