Institution Statistics
| Bank of Palatine | | FDIC Certificate # | 21971 | | BankRate Report | View | | Year Established | 1975 | | Employees | 17 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $58.33 million | | Loans | $18.09 million | | Deposits | $54.29 million | | Equity Capital | $4.02 million | | Loan Loss Allowance | $469,000 | | Unbacked Noncurrent Loans | $1.75 million | | Real Estate Owned | $803,000 |
Historic Data - December 2010 | | Assets | $61.67 million | | Equity Capital | $4.31 million | | Loan Loss Allowance | $463,000 | | Unbacked Noncurrent Loans | $2.73 million | | Real Estate Owned | $1.41 million |
Profit Margin - Quarterly | | Net Interest Margin | 2.09% | | Return on Assets | -1.15% | | Return on Equity | -16.48% | | Interest Income | $1.45 million |
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Institution Health
Overall Score:
2 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 Bank of Palatine had $2.56 million in non-current loans and owned real-estate with $4.49 million in equity and loan loss allowances on hand to cover it. This gives Bank of Palatine a Texas Ratio of 56.92% 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 86.68% as of December 31, 2010 to 56.92% as of December 31, 2011, resulting in a positive change of 34.34%.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 -$3.03 million, resulting in -5.29% 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 poor. | | 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. Bank of Palatine has $58.33 million in assets with $4.49 million in equity, resulting in a capitalization level of 7.70%, which is below average. |
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Average User Rating:
- lyled - Monday, August 1, 2011 - 12:43 PM
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