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847-407-2300
20 North Martingale Road
Schaumburg, IL 60173

American Chartered Bank is headquartered in Schaumburg and is the 12st largest bank in the state of Illinois. It is also the 291st largest bank in the nation. It was established in 1987 and as of June of 2014, it had grown to 301 employees at 15 locations. American Chartered Bank has a B+ health rating.

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Reviews (2)

Great Community Bank

I love banking with American Chartered! All of the bankers and tellers are so friendly and treat me like I am an old friend when I walk in. They have free checking with no service fees and once when I accidentally overdrew my account, they were nice enough to waive the fee for me as a courtesy. Their rates on CDs and Money Markets used to kind of good but now they're not that great- I think it has more to do with the economy, though, than the bank itself. American Chartered is convenient and they have a very helpful staff. I also refinanced my mortgage through them, and they made the process nice and easy!

Good, Solid Local Banking

I have banked with American Chartered for over 15 years. I've had checking and savings and occasionally will do a CD (although rates the last few years are terrible). They have always treated me great. They are friendly and treat me like a fellow neighbor. They're not greedy like the big banks that charge you fees for every little thing. I have had free checking and savings with them for all these years. They also have good online banking and have recently upgraded it so it's even easier to use. I'd highly recommend them for anyone looking for no hassles and friendly service. They will treat you like a person, not a number or another fee!!!



Health

Data for Q2 2014

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 American Chartered Bank had $37.42 million in non-current loans and owned real-estate with $238.27 million in equity and loan loss allowances on hand to cover it. This gives American Chartered Bank a Texas Ratio of 15.70% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for American Chartered Bank decreased dramatically from 23.46% as of June 30, 2013 to 15.70% as of June 30, 2014, resulting in a positive change of 33.07%.This indicates that the balance sheet and financial strength for American Chartered Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, American Chartered Bank has increased its total deposits by $102.06 million, resulting in 5.01% 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 American Chartered Bank has shown is excellent.

Capitalization

GRADE:
C+

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. American Chartered Bank has $2.56 billion in assets with $238.27 million in equity, resulting in a capitalization level of 9.31%, which is average.

Institution Statistics

Overall
FDIC Certificate #27006
Year Established1987
Employees301
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.56 billion
Loans$1.80 billion
Deposits$2.14 billion
Equity Capital$208.17 million
Loan Loss Allowance$30.10 million
Unbacked Noncurrent Loans$15.95 million
Real Estate Owned$21.46 million
Historic Data - June 2013
Assets$2.40 billion
Equity Capital$202.51 million
Loan Loss Allowance$33.68 million
Unbacked Noncurrent Loans$15.95 million
Real Estate Owned$25.39 million
Profit Margin - Quarterly
Return on Assets0.66%
Return on Equity8%
Interest Income$44.60 million
Rates

Always verify rates and promotions with the bank or credit union. We are not American Chartered Bank, we are a rate comparison website and can not provide official rates or promotions.

American Chartered Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Statement Savings

American Chartered Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-High Yield Money Market

American Chartered Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.16%$250k-High Yield Checking
0.05%$2,500-Interest Checking
0.03%--Other Personal Checking

American Chartered Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.11%$1k-60 Month Fixed Certificate
1.06%$2,500-42 Month Fixed Certificate Special
0.66%$1k-48 Month Fixed Certificate
0.46%$1k-36 Month Fixed Certificate
0.41%$1k-24 Month Fixed Certificate
0.31%$1k-12 Month Fixed Certificate
0.16%$1k-9 Month Fixed Certificate
0.11%$1k-6 Month Fixed Certificate
0.08%$1k-3 Month Fixed Certificate
Locations

American Chartered Bank has 15 locations. Click to view all American Chartered Bank locations.