Harris Trust and Savings Bank in Chicago, Illinois (IL)



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Harris Trust and Savings Bank
GeneralFDIC Certificate #: 906
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BMO Harris Bank National Association (#16571)
Federal Reserve ID: 75633
Date Established: May 01, 1882
WWW: http://www.harrisbank.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 56 (Interstate: No)
FDIC's unique #: 583
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
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
LocationAddress: 111 West Monroe Street, Chicago, IL 60603
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 SummaryTotal assets: $22,261.2 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)
Total employees (full-time equivalent)3,631
Total assets$21,493,019
Cash and due from depository institutions$1,550,193
Interest-bearing balances$662,366
Securities$5,755,292
Federal funds sold & reverse repurchase agreements$541,300
Net loans & leases$11,308,631
Loan loss allowance $219,740
Trading account assets$263,730
Bank premises and fixed assets$211,064
Other real estate owned$220
Goodwill and other intangibles$173,478
All other assets$1,689,111
Life insurance assets$0
Total liabilities and capital$21,493,019
Total liabilities$19,849,557
Total deposits$13,981,531
Interest-bearing deposits$9,827,068
Deposits held in domestic offices$12,304,103
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $4,440,804
Trading liabilities$173,036
Other borrowed funds $414,045
Subordinated debt $200,000
All other liabilities $640,141
Total equity capital$1,643,462
Total bank equity capital$1,643,462
Perpetual preferred stock$1,643,462
Common stock$5,000
Surplus$100,000
Undivided profits $648,365
Memoranda
Noncurrent loans and leases $890,097
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $9,647,257
Income earned, not collected on loans $0
Earning assets $173,454
Long-term assets (5+ years) $0
Average Assets, year-to-date $72,627
Average Assets, quarterly $18,357,719
Volatile liabilities $2,546,733
Insider loans $20,810,996
FHLB advances $21,003,608
Loans and leases held for sale $9,469,275
Unused loan commitments $15,823
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $12,021,054
Total risk weighted assets $43,423
Total unused commitments $9,598,305
Restructured Loans and leases $0
Derivatives$420,487
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $673,046
Total interest expense $238,718
Net interest income $434,328
Provision for loan and lease losses $7,176
Total noninterest income $348,864
Fiduciary activities $93,043
Service charges on deposit accounts $100,310
Trading account gains & fees $17,844
Additional noninterest income $137,667
Total noninterest expense $602,379
Salaries and employee benefits $377,448
Premises and equipment expense $72,577
Additional noninterest expense $152,354
Pre-tax net operating income $173,637
Securities gains (losses) $26,180
Applicable income taxes $58,726
Income before extraordinary items $141,091
Extraordinary gains - net $0
Net income attributable to bank $141,091
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $23,460
Net operating income $65,071
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.80%
Cost of funding earning assets 1.35%
Net interest margin 2.45%
Noninterest income to earning assets 1.97%
Noninterest expense to earning assets 3.40%
Net operating income to assets 0.59%
Return on assets (ROA) 0.68%
Pretax return on assets 0.96%
Return on equity (ROE) 8.68%
Retained earnings to average equity (YTD only) 4.68%
Net charge-offs to loans 0.22%
Credit loss provision to net charge-offs 30.59%
Efficiency ratio7.71%
Assets per employee$74,475
Cash dividends to net income (YTD only)5.92%
Condition Ratios (%)
Loss allowance to loans 46.12%
Loss allowance to noncurrent loans 1.91%
Noncurrent assets plus other real estate owned to assets 126.68%
Noncurrent loans to loans 0.81%
Net loans and leases to deposits1.50%
Net loans and leases to core deposits 80.88%
Equity capital to assets 120.73%
Core capital (leverage) ratio 7.65%
Tier 1 risk-based capital ratio 8.33%
Total risk-based capital ratio 9.49%
Memoranda
Average assets$12
Average earning assets$20,810,996
Average equity $1,625,806
Average loans $17,720,911
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Total Fiduciary and Related Assets (December 31, 2004)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$34,267,002
Number of Accounts1
Personal trust and agency accounts$15,822,898
Employee benefit-defined contribution accounts$7,524,241
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$979,936
Investment management agency accounts$0
Other fiduciary accounts$5,659,712
Fiduciary accounts held in foreign offices$0
Non-managed Assets$1,659,009
Number of Accounts6719
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$18,444,104
Corporate trust and agency accounts$18,266,081
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$68,608
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