Pacific Global Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Pacific Global Bank - Overview

  • General
  • FDIC Certificate #: 34089
    Status: Active
    Federal Reserve ID: 2360904
    Bank Holding Company (Regulatory Top Holder): Pgb Holdings, Inc. (RSSDID: 3082342, Location: Chicago, IL)
    Date Established: November 09, 1995
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 56227
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 09, 1995
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2323 South Wentworth Avenue, Chicago, IL 60616
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $152.8 mil
    Equity capital: $13.9 mil
    Deposits held in domestic offices: $129.2 mil
    Return on assets (ROA): -1.73% (-$2.6 mil)
    Quarterly return on assets: -3.68% (-$5.6 mil)
    Return on Equity (ROE): -17.99% (-$2.5 mil)
    Quarterly return on equity: -39.06% (-$5.5 mil)
    Net income: -$2.8 mil
    Quarterly Net income: -$1.4 mil
    Pretax return on assets: -1.20% (-$1,833.8 mil)
    Quarterly Pretax return on assets: -0.37% (-$565.4 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
  • 37Total employees (full-time equivalent)
  • $152,818Total assets
  • $6,289Cash and due from depository institutions
  • $2,563Interest-bearing balances
  • $12,180Securities
  • $5,000Federal funds sold & reverse repurchase agreements
  • $121,165Net loans & leases
  • $6,297Loan loss allowance
  • $0Trading account assets
  • $2,915Bank premises and fixed assets
  • $1,769Other real estate owned
  • $0Goodwill and other intangibles
  • $152,818Life insurance assets
  • $3,500All other assets
  • $138,959Total liabilities and capital
  • $129,163Total liabilities
  • $116,229Total deposits
  • $129,163Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,265Trading liabilities
  • $0Other borrowed funds
  • $531Subordinated debt
  • $13,859All other liabilities
  • $13,859Total equity capital
  • $13,859Total bank equity capital
  • $0Perpetual preferred stock
  • $1,354Common stock
  • $9,761Surplus
  • $2,744Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,011Income earned, not collected on loans
  • $0Earning assets
  • $570Long-term assets (5+ years)
  • $140,908Average Assets, year-to-date
  • $39,125Average Assets, quarterly
  • $161,239Volatile liabilities
  • $154,729Insider loans
  • $94,486FHLB advances
  • $154,987Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,629Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,074Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,558Total interest income
  • $1,456Total interest expense
  • $6,102Net interest income
  • $4,520Provision for loan and lease losses
  • $957Total noninterest income
  • $0Fiduciary activities
  • $193Service charges on deposit accounts
  • $0Trading account gains & fees
  • $764Additional noninterest income
  • $4,483Total noninterest expense
  • $1,977Salaries and employee benefits
  • $727Premises and equipment expense
  • $1,779Additional noninterest expense
  • -$1,944Pre-tax net operating income
  • $6Securities gains (losses)
  • $848Applicable income taxes
  • -$2,786Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,786Net income attributable to bank
  • $0Net charge-offs
  • -$2,786Cash dividends
  • $3,904Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.05%Yield on earning assets
  • 0.97%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • -1.73%Net operating income to assets
  • -1.73%Return on assets (ROA)
  • -1.20%Pretax return on assets
  • -17.99%Return on equity (ROE)
  • -17.99%Retained earnings to average equity (YTD only)
  • 2.96%Net charge-offs to loans
  • 115.78%Credit loss provision to net charge-offs
  • 0.66%Efficiency ratio
  • 63,508Assets per employee
  • 4.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.94%Loss allowance to noncurrent loans
  • 62.90%Noncurrent assets plus other real estate owned to assets
  • 7.71%Noncurrent loans to loans
  • 7.85%Net loans and leases to deposits
  • 93.81%Net loans and leases to core deposits
  • 104.89%Equity capital to assets
  • 9.07%Core capital (leverage) ratio
  • 8.79%Tier 1 risk-based capital ratio
  • 14.42%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $161,239Average earning assets
  • $15,490Average equity
  • $149,568Average loans

List of branches

  • 3 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056227Pacific Global Bank2323 South Wentworth Avenue, Chicago, IL 60616November 09, 1995Full Service Brick and Mortar
    1442417South Archer Branch2156a South Archer Avenue, Chicago, IL 60616October 15, 2003Full Service Brick and Mortar
    2453616Pacific Global Bank Branch3233 S Ashland Ave., Chicago, IL 60608March 15, 2006Full Service Brick and Mortar

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