Park National Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 30, 2009

  • Park National Bank in Chicago, Illinois (IL)
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Park National Bank - Overview

  • General
  • FDIC Certificate #: 11677
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: U.S. Bank National Association (#6548)
    Federal Reserve ID: 15536
    Date Established: May 07, 1883
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 32 (Interstate: No)
    FDIC's unique #: 7463
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 30, 2009
    Last Structure Change Process Date: November 03, 2009
    Last Data Update: November 03, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 801 North Clark Street, Chicago, IL 60610
    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
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $4,680.9 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, 2008)

  • Dollar figures in thousands
  • 624Total employees (full-time equivalent)
  • $4,891,752Total assets
  • $70,410Cash and due from depository institutions
  • $3,548Interest-bearing balances
  • $341,146Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $4,037,868Net loans & leases
  • $62,328Loan loss allowance
  • $0Trading account assets
  • $79,052Bank premises and fixed assets
  • $63,280Other real estate owned
  • $36,642Goodwill and other intangibles
  • $56,385Life insurance assets
  • $262,854All other assets
  • $4,891,752Total liabilities and capital
  • $4,498,815Total liabilities
  • $2,989,491Total deposits
  • $2,785,417Interest-bearing deposits
  • $2,989,491Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,475,000Other borrowed funds
  • $0Subordinated debt
  • $34,324All other liabilities
  • $392,937Total equity capital
  • $392,937Total bank equity capital
  • $392,937Perpetual preferred stock
  • $0Common stock
  • $10,593Surplus
  • $278,330Undivided profits
  • Memoranda
  • $104,014Noncurrent loans and leases
  • $866,832Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $87,116Earning assets
  • $0Long-term assets (5+ years)
  • $23,203Average Assets, year-to-date
  • $4,383,062Average Assets, quarterly
  • $755,286Volatile liabilities
  • $4,579,524Insider loans
  • $4,794,319FHLB advances
  • $1,730,830Loans and leases held for sale
  • $65Unused loan commitments
  • $420,000Tier 1 (core) risk-based capital
  • $9,774Tier 2 risk-based capital
  • $6,055Total risk weighted assets
  • $866,832Total unused commitments
  • $0Restructured Loans and leases
  • $59,624Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $277,355Total interest income
  • $108,491Total interest expense
  • $168,864Net interest income
  • $28,500Provision for loan and lease losses
  • $33,000Total noninterest income
  • $4,459Fiduciary activities
  • $6,360Service charges on deposit accounts
  • $8,780Trading account gains & fees
  • $13,401Additional noninterest income
  • $96,666Total noninterest expense
  • $53,666Salaries and employee benefits
  • $14,846Premises and equipment expense
  • $28,154Additional noninterest expense
  • $76,698Pre-tax net operating income
  • -$143,425Securities gains (losses)
  • -$26,782Applicable income taxes
  • -$39,945Income before extraordinary items
  • $0Extraordinary gains - net
  • -$39,945Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $8,263Sale, conversion, retirement of capital stock, net
  • $27,000Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.68%Yield on earning assets
  • 2.61%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 2.33%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • -0.87%Return on assets (ROA)
  • -1.46%Pretax return on assets
  • -8.98%Return on equity (ROE)
  • -15.05%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 344.91%Credit loss provision to net charge-offs
  • 12.73%Efficiency ratio
  • 47,465Assets per employee
  • 7.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -67.59%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 71.55%Noncurrent assets plus other real estate owned to assets
  • 3.33%Noncurrent loans to loans
  • 2.12%Net loans and leases to deposits
  • 135.07%Net loans and leases to core deposits
  • 174.52%Equity capital to assets
  • 8.03%Core capital (leverage) ratio
  • 8.07%Tier 1 risk-based capital ratio
  • 7.90%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $4,579,524Average earning assets
  • $444,687Average equity
  • $4,150,018Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $557,887Managed Assets
  • 1Number of Accounts
  • $409,091Personal trust and agency accounts
  • $138,134Employee benefit-defined contribution accounts
  • $19,424Employee benefit-defined benefit accounts
  • $13,255Other retirement accounts
  • $54,503Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $183,775Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1268Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $148,796Other retirement accounts
  • $49,790Corporate trust and agency accounts
  • $9,046Other fiduciary accounts
  • $14,684Fiduciary accounts held in foreign offices

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