Cole Taylor Bank

Cole Taylor Bank Locations
111 West Washington Street
Chicago, IL 60602
www.coletaylor.com

FDIC

Cole Taylor Bank is headquartered in Chicago and is the 7th largest bank in the state of Illinois. It is also the 159th largest bank in the nation. It was established in 1978 and as of December of 2012, it had grown to 945 employees at 11 locations. Cole Taylor Bank has a 5-star health rating.

Related Posts

Top 4-Year CD Rate Available Online For Illinois Residents (Forum) - 9/7/2012

I've posted on Cole Taylor Bank and its CDs on Wednesday. It had raised its 4-year and 5-year CD rates to 2.00% APY. These had required a branch visit. However, the bank just started to offer the 2% 4-year CD online for Illinois residents. Refer to the b

Competitive Reward Checking Accounts at Cole Taylor Bank - Illinois Only - 9/5/2012

Cole Taylor Bank has a reward checking account called Smart Earners Interest Checking . Unlike the typical reward checking account, this has a monthly fee unless a $500 minimum balance is maintained. ...

Top Long-Term CD Rates at Cole Taylor Bank in Illinois - 9/5/2012

Cole Taylor Bank just made some big rate increases on its long-term CDs. Its 3-, 4- and 5-year CD rates are now very competitive. The standard 4-year and 5-year CD rate is 2.00% APY. The standard 3-ye ...

Top Rate on Interest Checking Account at Cole Taylor Bank - Illinois Only - 9/13/2011

Cole Taylor Bank is offering a checking account called Wealth Builders Interest Checking with competitive rates. It's a little like a reward checking account in that there are some requirements to qua ...

2008




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See Rates for: Checking | CD | IRA

Cole Taylor Bank Checking Account Rates

ApyMinMaxProduct
1.75%-$25kSmart Earners
1.26%-$500kWealth Builders

Cole Taylor Bank CD Rates

ApyMinMaxProduct
1.45%$10k-60 Month Promotional CD
1.30%$1k-60+ Month CD
1.10%$1k-48-59 Month CD
0.90%$1k-36-47 Month CD
0.85%$1k-6 Month CD Online Special
0.75%$1k-24-35 Month CD
0.75%$10k-7 Month Promotional CD
0.65%$1k-18-23 Month CD
0.60%$10k-15 Month Promotional CD
0.55%$1k-12-17 Month CD
0.45%$10k-11 Month Promotional CD
0.25%$1k-182 Day CD
0.15%$1k-91 Day CD

Cole Taylor Bank IRA Rates

ApyMinMaxProduct
1.30%$1k-60+ Month IRA
1.10%$1k-48-59 Month IRA
0.90%$1k-36-47 Month IRA
0.75%$1k-24-35 Month IRA
0.65%$1k-18-23 Month IRA
0.55%$1k-12-17 Month IRA

Rates updated: 5/22/2013

Data for Q4 2012


Institution Statistics


Cole Taylor Bank
FDIC Certificate #22599
BankRate ReportView
Year Established1978
Employees945
Primary RegulatorFED

Assets and Liabilities

Assets$5.78 billion
Loans$4.02 billion
Deposits$3.65 billion
Equity Capital$539.70 million
Loan Loss Allowance$82.19 million
Unbacked Noncurrent Loans$55.50 million
Real Estate Owned$23.88 million

Historic Data - December 2011

Assets$4.66 billion
Equity Capital$463.81 million
Loan Loss Allowance$103.74 million
Unbacked Noncurrent Loans$99.21 million
Real Estate Owned$33.83 million

Profit Margin - Quarterly

Net Interest Margin3.44%
Return on Assets1.39%
Return on Equity13.9%
Interest Income$186.15 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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 Cole Taylor Bank had $79.38 million in non-current loans and owned real-estate with $621.9 million in equity and loan loss allowances on hand to cover it. This gives Cole Taylor Bank a Texas Ratio of 12.76% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Cole Taylor Bank decreased significantly from 23.41% as of December 31, 2011 to 12.76% as of December 31, 2012, resulting in a positive change of 45.48%.This indicates that the balance sheet and financial strength for Cole Taylor Bank has improved significantly in recent periods.
Deposit Growth5
In the past year, Cole Taylor Bank has increased its total deposits by $482.29 million, resulting in 15.22% 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 Cole Taylor Bank has shown is excellent.
Capitalization4
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. Cole Taylor Bank has $5.78 billion in assets with $621.9 million in equity, resulting in a capitalization level of 10.75%, which is above average.
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