Average User Rating:
5 star rating based on 1 review.

American Chartered Bank

1199 East Higgins Road
Schaumburg, IL 60173
847.407.2300
www.americanchartered.com

FDIC

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American Chartered Bank is headquartered in Schaumburg and is the 13^st largest bank in the state of Illinois. It is also the 314^st largest bank in the nation. It was established in 1987 and as of December of 2012, it had grown to 320 employees at 15 locations. American Chartered Bank has a 3-star health rating.

American Chartered Bank Routing Number: 071925046

Bank Sells Customers' HSAs And Terminates HSA CDs (Forum) - 6/15/2012

This is an interesting case in which a bank decides it no longer wants to be in the business of servicing Health Savings Accounts (HSAs). The bank, American Chartered, sold the HSAs to SelectAccount, an affiliated business of Blue Cross Blue Shield of Min

$50 Checking Account Bonus at an Illinois Bank (American Chartered) - 5/23/2007

American Chartered Bank is having a promotion in which you can get $50 cash for opening a new checking account. There is no direct deposit requirement. They have a free checking account with no minimum balance requirements or monthly fees. They'll also...

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See Rates for: Checking | Savings | Money Market | CD

American Chartered Bank Checking Account Rates

Apy	Min	Max	Product
0.16%	$250k	-	High Yield Checking
0.05%	$2,500	-	Interest Checking
0.03%	-	-	Other Personal Checking

American Chartered Bank Savings Account Rates

	Apy	Min	Max	Product
	0.05%	-	-	Statement Savings

American Chartered Bank Money Market Rates

	Apy	Min	Max	Product
	0.20%	$100k	-	High Yield Money Market

American Chartered Bank CD Rates

Apy	Min	Max	Product
0.96%	$1k	-	60 Month Fixed Certificate
0.61%	$1k	-	48 Month Fixed Certificate
0.41%	$1k	-	36 Month Fixed Certificate
0.26%	$1k	-	12 Month Fixed Certificate
0.26%	$1k	-	24 Month Fixed Certificate
0.13%	$1k	-	9 Month Fixed Certificate
0.11%	$1k	-	6 Month Fixed Certificate
0.06%	$1k	-	3 Month Fixed Certificate

Rates updated: 5/25/2013

Data for Q4 2012

Institution Statistics

American Chartered Bank
FDIC Certificate #	27006
BankRate Report	View
Year Established	1987
Employees	320
Primary Regulator	FDIC
Assets and Liabilities
Assets	$2.36 billion
Loans	$1.58 billion
Deposits	$2.07 billion
Equity Capital	$200.67 million
Loan Loss Allowance	$31.74 million
Unbacked Noncurrent Loans	$32.14 million
Real Estate Owned	$28.58 million
Historic Data - December 2011
Assets	$2.33 billion
Equity Capital	$185.57 million
Loan Loss Allowance	$34.01 million
Unbacked Noncurrent Loans	$45.63 million
Real Estate Owned	$49.29 million
Profit Margin - Quarterly
Net Interest Margin	3.81%
Return on Assets	0.63%
Return on Equity	7.55%
Interest Income	$92.15 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
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 December 31, 2012 American Chartered Bank had $60.72 million in non-current loans and owned real-estate with $232.41 million in equity and loan loss allowances on hand to cover it. This gives American Chartered Bank a Texas Ratio of 26.12% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for American Chartered Bank decreased slightly from 43.23% as of December 31, 2011 to 26.12% as of December 31, 2012, resulting in a positive change of 39.56%.This indicates that the balance sheet and financial strength for American Chartered Bank has improved slightly in recent periods.
Deposit Growth
In the past year, American Chartered Bank has increased its total deposits by $6.68 million, resulting in 0.32% 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 average.
Capitalization
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 $2.36 billion in assets with $232.41 million in equity, resulting in a capitalization level of 9.85%, which is average.

Great Community Bank
5 stars

- august_ann - Tuesday, May 17, 2011 - 9:16 AM

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!

American Chartered Bank

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