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Overview / Commentary
One East Northwest Highway
Palatine, IL 60067

Bank of Palatine is headquartered in Palatine and is the 445th largest bank in the state of Illinois. It is also the 5,946th largest bank in the nation. It was established in 1975 and as of March of 2014, it had grown to 19 employees at 1 location. Bank of Palatine has a C- health rating.

Reviews (2)

Great Service Personal Attention

Bank of Palatine has been serving Palatine businesses since 1975. What is awesome about the bank is that you NEVER get voicemail when you call and the employees know their customers. You also don't get the big bank "run around" for loan applications or requests of any kind. You are going to work with and know the decision makers at this bank....where do you get that anymore? It's like having your own "private banker". Laurie S

Bank Of Palatine Service

The Bank of Palatine is very pleasant to do business with. It's on one level so it's easy to enter, then a greeter is ready to answer your questions and direct you to the best person to help you. Nothing could be easier or more friendly. I would highly recommend this bank for small town service.


Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Bank of Palatine has a relatively low asset base.

Texas Ratio


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 March 31, 2014 Bank of Palatine had $1.43 million in non-current loans and owned real-estate with $2.12 million in equity and loan loss allowances on hand to cover it. This gives Bank of Palatine a Texas Ratio of 67.80% 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 Bank of Palatine decreased slightly from 92.34% as of March 31, 2013 to 67.80% as of March 31, 2014, resulting in a positive change of 26.57%.This indicates that the balance sheet and financial strength for Bank of Palatine has improved slightly in recent periods.

Deposit Growth


In the past year, Bank of Palatine has decreased its total deposits by -$4.69 million, resulting in -8.81% 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 Bank of Palatine has shown is below average.



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. Bank of Palatine has $50.72 million in assets with $2.12 million in equity, resulting in a capitalization level of 4.17%, which is poor.

Institution Statistics

FDIC Certificate #21971
Year Established1975
Primary RegulatorFDIC
Assets and Liabilities
Assets$50.72 million
Loans$14.88 million
Deposits$48.49 million
Equity Capital$1.51 million
Loan Loss Allowance$601,000
Unbacked Noncurrent Loans$971,000
Real Estate Owned$463,000
Historic Data - March 2013
Assets$56.18 million
Equity Capital$2.36 million
Loan Loss Allowance$556,000
Unbacked Noncurrent Loans$971,000
Real Estate Owned$570,000
Profit Margin - Quarterly
Net Interest Margin2.03%
Return on Assets-1.19%
Return on Equity-38.78%
Interest Income$273,000

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Bank of Palatine Locations
Bank Of PalatineOne East Northwest HighwayPalatine, IL 60067