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Overview / Commentary
847-364-0100
1180 E Higgins Road
Schaumburg, IL 60173

Elk Grove Village Bank & Trust is headquartered in Schaumburg and is the 58th largest bank in the state of Illinois. It is also the 910st largest bank in the nation. It was established in 2001 and as of December of 2013, it had grown to 71 employees at 6 locations. Elk Grove Village Bank & Trust has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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, 2013 Elk Grove Village Bank & Trust had $9.07 million in non-current loans and owned real-estate with $81.97 million in equity and loan loss allowances on hand to cover it. This gives Elk Grove Village Bank & Trust a Texas Ratio of 11.07% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Elk Grove Village Bank & Trust decreased dramatically from 25.51% as of December 31, 2012 to 11.07% as of December 31, 2013, resulting in a positive change of 56.63%.This indicates that the balance sheet and financial strength for Elk Grove Village Bank & Trust has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Elk Grove Village Bank & Trust has decreased its total deposits by -$14.57 million, resulting in -2.31% 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 Elk Grove Village Bank & Trust has shown is average.

Capitalization

GRADE:
A

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. Elk Grove Village Bank & Trust has $740.57 million in assets with $81.97 million in equity, resulting in a capitalization level of 11.07%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57103
Year Established2001
Employees71
Primary RegulatorOCC
Assets and Liabilities
Assets$740.57 million
Loans$546.45 million
Deposits$616.82 million
Equity Capital$77.54 million
Loan Loss Allowance$4.44 million
Unbacked Noncurrent Loans$8.81 million
Real Estate Owned$261,000
Historic Data - December 2012
Assets$745.86 million
Equity Capital$77.94 million
Loan Loss Allowance$5.75 million
Unbacked Noncurrent Loans$8.81 million
Real Estate Owned$520,000
Profit Margin - Quarterly
Net Interest Margin3.42%
Return on Assets0.58%
Return on Equity5.59%
Interest Income$25.86 million
Rates

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Elk Grove Village Bank & Trust Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$100-Statement Savings Account
0.10%--Junior Savers Savings
0.10%$100-Business Savings

Elk Grove Village Bank & Trust Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%--Premier Business Money Market
0.10%$50k-Money Market

Elk Grove Village Bank & Trust Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%--IOLTA (Lawyer Trust Funds)
0.10%$5k-SingleSolution Checking
0.05%$500-Interest Checking Account

Elk Grove Village Bank & Trust CD Rates

DetailsAPYMINMAXPRODUCT
0.70%$2,500-60 Months Fixed Rate CD
0.65%$2,500-48 Months Fixed Rate CD
0.50%$2,500-36 Months Fixed Rate CD
0.40%$2,500-24 Months Fixed Rate CD
0.35%$2,500-18 Months Fixed Rate CD
0.25%$2,500-12 Months Fixed Rate CD
0.12%$2,500-6 Months Fixed Rate CD
0.10%$2,500-3 Months Fixed Rate CD
Locations


Elk Grove Village Bank & Trust Locations
Itasca Branch1145 N. Arlington Heights RdItasca, IL 60143
Schaumburg Bank & Trust Company, National Associat1180 E Higgins RoadSchaumburg, IL 60173
Roselle Bank & Trust, A Branch Of Schaumburg Bank 1350 West Lake StreetRoselle, IL 60172
Bloomingdale Bank & Trust, A Branch Of Schaumburg 165 West Lake StreetBloomingdale, IL 60108
Wood Dale Bank & Trust, A Branch Of Schaumburg Ban171 East Irving Park RoadWood Dale, IL 60191