Allstate Bank

Allstate Bank Locations
3100 Sanders Road, Suite N4a
Northbrook, IL 60062
877-794-2265
www.allstatebank.com

Allstate Bank is headquartered in Northbrook and is the 44th largest bank in the state of Illinois. It is also the 706th largest bank in the nation. It was established in 1998 and as of September of 2011, it had grown to 42 employees at 1 location. Allstate Bank has a 4-star health rating.

Allstate Bank Routing Number: 071974424

Related Posts

Discover Bank Agrees To Purchase Allstate Bank Deposits (Forum) - 2/14/2011

From Allstate's press release: Under the terms of the agreement, Discover Bank will assume the Allstate Bank deposit accounts and provide banking products and services to Allstate customers. Allstate Financial does not intend to originate banking products

High Yield Savings Account Promotion at Allstate Bank - 11/4/2008

Allstate Bank has a promotion for its High Yield Savings Account. New customers earn an additional 1.25% for 90 days in the high yield savings accounts. The current yield on the savings account is 2.75% APY so the combined yield is 4.00% APY. It's...


Data for Q3 2011


Institution Statistics


Allstate Bank
OTS #15100
FDIC Certificate #34782
BankRate ReportView
Year Established1998
Employees42
Primary RegulatorOCC

Assets and Liabilities

Assets$942.17 million
Loans$185.78 million
Deposits$800.32 million
Equity Capital$97.75 million
Unbacked Noncurrent Loans$942,000
Real Estate Owned$88,000

Historic Data - September 2010

Assets$1.25 billion
Equity Capital$112.41 million
Loan Loss Allowance$5.18 million
Unbacked Noncurrent Loans$1.38 million
Real Estate Owned$46,000

Profit Margin - Quarterly

Net Interest Margin2.52%
Return on Assets-3.97%
Return on Equity-43.41%
Interest Income$30.62 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Allstate Bank had $1.03 million in non-current loans and owned real-estate with $97.75 million in equity and loan loss allowances on hand to cover it. This gives Allstate Bank a Texas Ratio of 1.05% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Allstate Bank held steady from 1.21% as of September 30, 2010 to 1.05% as of September 30, 2011, resulting in a positive change of 13.24%.This indicates that the balance sheet and financial strength for Allstate Bank has held steady in recent periods.
Deposit Growth1
In the past year, Allstate Bank has decreased its total deposits by -$307.86 million, resulting in -27.78% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Allstate Bank has shown is poor.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Allstate Bank has $942.17 million in assets with $97.75 million in equity, resulting in a capitalization level of 10.38%, which is above average.
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