Austin Bank of Chicago

5645 West Lake Street
Chicago, IL 60644
(773) 854-2900
www.abcbank.net

OverView
Rates
Health
Reviews

Austin Bank of Chicago is headquartered in Chicago and is the 129^th largest bank in the state of Illinois. It is also the 1,997^th largest bank in the nation. It was established in 1891 and as of December of 2011, it had grown to 90 employees at 5 locations. Austin Bank of Chicago has a 3-star health rating.

Austin Bank of Chicago Routing Number: 071001122

2.33% Checking Account with Rate Guaranteed to March 2010 at Austin Bank of Chicago - Local Only - 11/8/2009

Update 11/11/2009: It has been reported that this special has ended.Austin Bank of Chicago is offering a 2.33% APY guaranteed to 3/01/2010 on its interest checking account. Minimum balance is $5,000, and the maximum is $250,000. This promotion doesn't...

Report an Issue

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

Austin Bank of Chicago Checking Account Rates

	Apy	Min	Max	Product
	0.15%	$5k	-	ABC Checking with Interest

Austin Bank of Chicago Savings Account Rates

Apy	Min	Max	Product
0.15%	$100	-	ABC Savings
0.15%	-	-	ABC Senior Savings
0.15%	-	-	ABC Minor Savings
0.15%	-	-	ABC Business Savings

Austin Bank of Chicago Money Market Rates

Apy	Min	Max	Product
0.50%	$50k	-	ABC Money Market
0.50%	$100k	-	ABC Business Money Market

Austin Bank of Chicago CD Rates

Apy	Min	Max	Product
1.26%	$1k	$100k	60 Month CD
1.00%	$1k	$100k	48 Month CD
0.75%	$1k	$100k	36 Month CD
0.60%	$1k	$100k	30 Month CD
0.50%	$1k	$100k	24 Month CD
0.40%	$1k	$100k	18 Month CD
0.30%	$1k	$100k	12 Month CD
0.20%	$1k	$100k	6 Month CD
0.10%	$1k	$100k	3 Month CD

Austin Bank of Chicago IRA Rates

Apy	Min	Max	Product
1.26%	$1k	$100k	60 Month IRA
1.00%	$1k	$100k	48 Month IRA
0.75%	$1k	$100k	36 Month IRA
0.60%	$1k	$100k	30 Month IRA
0.50%	$1k	$100k	24 Month IRA
0.40%	$1k	$100k	18 Month IRA
0.30%	$1k	$100k	12 Month IRA
0.20%	$1k	$100k	6 Month IRA
0.10%	$1k	$100k	3 Month IRA

Rates updated: 5/22/2012

Data for Q4 2011

Institution Statistics

Austin Bank of Chicago
FDIC Certificate #	11694
BankRate Report	View
Year Established	1891
Employees	90
Primary Regulator	FDIC
Assets and Liabilities
Assets	$322.76 million
Loans	$229.91 million
Deposits	$265.13 million
Equity Capital	$31.92 million
Loan Loss Allowance	$4.69 million
Unbacked Noncurrent Loans	$3.55 million
Real Estate Owned	$7.96 million
Historic Data - December 2010
Assets	$308.09 million
Equity Capital	$29.89 million
Loan Loss Allowance	$4.07 million
Unbacked Noncurrent Loans	$2.70 million
Real Estate Owned	$7.28 million
Profit Margin - Quarterly
Net Interest Margin	4.66%
Return on Assets	0.95%
Return on Equity	9.65%
Interest Income	$16.93 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, 2011 Austin Bank of Chicago had $11.5 million in non-current loans and owned real-estate with $36.61 million in equity and loan loss allowances on hand to cover it. This gives Austin Bank of Chicago a Texas Ratio of 31.42% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Austin Bank of Chicago held steady from 29.37% as of December 31, 2010 to 31.42% as of December 31, 2011, resulting in a negative change of 7.00%. This indicates that the balance sheet and financial strength for Austin Bank of Chicago has held steady in recent periods.
Deposit Growth
In the past year, Austin Bank of Chicago has increased its total deposits by $14.36 million, resulting in 5.73% 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 Austin Bank of Chicago has shown is excellent.
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. Austin Bank of Chicago has $322.76 million in assets with $36.61 million in equity, resulting in a capitalization level of 11.34%, which is above average.