Palos Bank and Trust Company in Palos Heights, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 13, 2010

  • Palos Bank and Trust Company in Palos Heights, Illinois (IL)
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Palos Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 17599
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: First Midwest Bank (#3709)
    Federal Reserve ID: 859945
    Date Established: June 01, 1956
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 11921
    FDIC's unique #: 11571
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 01, 1956
    Last Structure Change Effective Date: August 13, 2010
    Last Structure Change Process Date: August 16, 2010
    Last Data Update: August 16, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 12600 South Harlem Avenue, Palos Heights, IL 60463
    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: $493.4 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, 2009)

  • Dollar figures in thousands
  • 127Total employees (full-time equivalent)
  • $488,703Total assets
  • $28,868Cash and due from depository institutions
  • $24,541Interest-bearing balances
  • $94,105Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $325,728Net loans & leases
  • $13,433Loan loss allowance
  • $0Trading account assets
  • $11,488Bank premises and fixed assets
  • $17,827Other real estate owned
  • $33Goodwill and other intangibles
  • $5,841Life insurance assets
  • $10,654All other assets
  • $488,703Total liabilities and capital
  • $479,100Total liabilities
  • $457,597Total deposits
  • $389,291Interest-bearing deposits
  • $457,597Deposits held in domestic offices
  • 96.18%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $18,000Other borrowed funds
  • $0Subordinated debt
  • $3,503All other liabilities
  • $9,603Total equity capital
  • $9,603Total bank equity capital
  • $9,603Perpetual preferred stock
  • $0Common stock
  • $1,343Surplus
  • $10,078Undivided profits
  • Memoranda
  • $-1,818Noncurrent loans and leases
  • $68,328Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $55,074Earning assets
  • $0Long-term assets (5+ years)
  • $1,355Average Assets, year-to-date
  • $444,374Average Assets, quarterly
  • $111,868Volatile liabilities
  • $519,453Insider loans
  • $506,971FHLB advances
  • $87,758Loans and leases held for sale
  • $4,113Unused loan commitments
  • $18,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,119Total risk weighted assets
  • $68,328Total unused commitments
  • $0Restructured Loans and leases
  • $5,725Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $22,746Total interest income
  • $9,088Total interest expense
  • $13,658Net interest income
  • $13,671Provision for loan and lease losses
  • -$408Total noninterest income
  • $1,012Fiduciary activities
  • $432Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,852Additional noninterest income
  • $17,308Total noninterest expense
  • $6,948Salaries and employee benefits
  • $2,320Premises and equipment expense
  • $8,040Additional noninterest expense
  • -$17,729Pre-tax net operating income
  • -$1,957Securities gains (losses)
  • -$5Applicable income taxes
  • -$19,681Income before extraordinary items
  • $0Extraordinary gains - net
  • -$19,681Net income attributable to bank
  • $0Net charge-offs
  • -$19,681Cash dividends
  • $10,009Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.75%Yield on earning assets
  • 1.90%Cost of funding earning assets
  • 2.85%Net interest margin
  • -0.09%Noninterest income to earning assets
  • 3.61%Noninterest expense to earning assets
  • -3.41%Net operating income to assets
  • -3.79%Return on assets (ROA)
  • -3.79%Pretax return on assets
  • -87.04%Return on equity (ROE)
  • -87.04%Retained earnings to average equity (YTD only)
  • 2.76%Net charge-offs to loans
  • 136.59%Credit loss provision to net charge-offs
  • -0.41%Efficiency ratio
  • 130,626Assets per employee
  • 3.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.96%Loss allowance to noncurrent loans
  • 24.39%Noncurrent assets plus other real estate owned to assets
  • 15.25%Noncurrent loans to loans
  • 16.24%Net loans and leases to deposits
  • 71.18%Net loans and leases to core deposits
  • 88.07%Equity capital to assets
  • 1.96%Core capital (leverage) ratio
  • 2.91%Tier 1 risk-based capital ratio
  • 3.50%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $519,453Average earning assets
  • $22,611Average equity
  • $478,827Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $80,754Managed Assets
  • 1Number of Accounts
  • $73,448Personal trust and agency accounts
  • $25,736Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $14,100Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $33,305Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $307Non-managed Assets
  • 286Number of Accounts
  • $0Personal trust and agency accounts
  • $186Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $7,306Other retirement accounts
  • $1Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,946Fiduciary accounts held in foreign offices

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