Harris Bank Westchester in Westchester, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 27, 2005

  • Harris Bank Westchester in Westchester, Illinois (IL)
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Harris Bank Westchester - Overview

  • General
  • FDIC Certificate #: 19107
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BMO Harris Bank National Association (#16571)
    Federal Reserve ID: 547149
    Date Established: May 09, 1964
    WWW: http://www.harrisbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 12939
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 09, 1964
    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: 10500 West Cermak Road, Westchester, IL 60153
    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: $208.6 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
  • 20Total employees (full-time equivalent)
  • $207,408Total assets
  • $2,537Cash and due from depository institutions
  • $0Interest-bearing balances
  • $25,576Securities
  • $1,675Federal funds sold & reverse repurchase agreements
  • $174,161Net loans & leases
  • $1,979Loan loss allowance
  • $0Trading account assets
  • $1,989Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,470All other assets
  • $207,408Total liabilities and capital
  • $191,075Total liabilities
  • $188,059Total deposits
  • $167,572Interest-bearing deposits
  • $188,059Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,000Subordinated debt
  • $1,016All other liabilities
  • $16,333Total equity capital
  • $16,333Total bank equity capital
  • $16,333Perpetual preferred stock
  • $0Common stock
  • $330Surplus
  • $5,068Undivided profits
  • Memoranda
  • $10,935Noncurrent loans and leases
  • $65,596Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $324Earning assets
  • $163Long-term assets (5+ years)
  • $726Average Assets, year-to-date
  • $201,412Average Assets, quarterly
  • $29,954Volatile liabilities
  • $208,622Insider loans
  • $209,336FHLB advances
  • $14,905Loans and leases held for sale
  • $850Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $65,596Total unused commitments
  • $0Restructured Loans and leases
  • $3,979Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $9,132Total interest income
  • $2,542Total interest expense
  • $6,590Net interest income
  • $185Provision for loan and lease losses
  • $1,002Total noninterest income
  • $0Fiduciary activities
  • $484Service charges on deposit accounts
  • $0Trading account gains & fees
  • $518Additional noninterest income
  • $4,074Total noninterest expense
  • $1,367Salaries and employee benefits
  • $359Premises and equipment expense
  • $2,348Additional noninterest expense
  • $3,333Pre-tax net operating income
  • $11Securities gains (losses)
  • $1,104Applicable income taxes
  • $2,240Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,240Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $252Sale, conversion, retirement of capital stock, net
  • $1,150Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.54%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.27%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 2.02%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.60%Pretax return on assets
  • 14.02%Return on equity (ROE)
  • 6.82%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 73.41%Credit loss provision to net charge-offs
  • 13.96%Efficiency ratio
  • 53,662Assets per employee
  • 10.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.34%Loss allowance to loans
  • 1.12%Loss allowance to noncurrent loans
  • 610.80%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.18%Net loans and leases to deposits
  • 92.61%Net loans and leases to core deposits
  • 100.58%Equity capital to assets
  • 7.87%Core capital (leverage) ratio
  • 7.73%Tier 1 risk-based capital ratio
  • 9.91%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $208,622Average earning assets
  • $15,974Average equity
  • $201,222Average loans

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