NorStates Bank

1601 N. Lewis Ave.
Waukegan, IL 60085
(847) 244-6000
www.norstatesbank.com

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NorStates Bank is headquartered in Waukegan and is the 85^th largest bank in the state of Illinois. It is also the 1,345^th largest bank in the nation. It was established in 1962 and as of September of 2011, it had grown to 124 employees at 8 locations. NorStates Bank has a 2-star health rating.

4.50% Reward Checking Account at NorStates Bank in Northern Illinois - Local Only - 7/3/2009

NorStates Bank is offering a reward checking account called High Yield Checking. The account offers the following rates and features if certain monthly requirements are met:4.50% APY on balances up to $25,0001.01% APY on the portion of the balance over...

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

NorStates Bank Checking Account Rates

	Apy	Min	Max	Product
	1.00%	-	$25k	High-Yield Checking

NorStates Bank Savings Account Rates

Apy	Min	Max	Product
0.25%	$1k	-	Education Individual Retirement Account
0.25%	$1k	-	Roth Individual Retirement Accounts
0.25%	$1k	-	Traditional Individual Retirement Account
0.05%	-	-	Holiday Club
0.05%	$100	-	Personal Savings
0.05%	-	-	Junior Savings
0.05%	-	-	Trust Savings

NorStates Bank Money Market Rates

Apy	Min	Max	Product
0.40%	$100k	-	NorStates Gold Money Market Account
0.40%	$100k	-	Business NorStates Gold Money Market Account

NorStates Bank CD Rates

Apy	Min	Max	Product
1.80%	$100k	-	5 Year CD
1.80%	$100k	-	Business 5 Year CD
1.55%	$100k	-	4 Year CD
1.55%	$100k	-	Business 4 Year CD
0.80%	$100k	-	3 Year CD
0.80%	$100k	-	Business 3 Year CD
0.55%	$100k	-	2 Year CD
0.55%	$100k	-	Business 2 Year CD
0.35%	$100k	-	1 Year CD
0.35%	$100k	-	Business 1 Year CD
0.25%	$100k	-	180 Day CD
0.25%	$100k	-	Business 180 Day CD
0.15%	$100k	-	30 Day CD
0.15%	$100k	-	90 Day CD
0.15%	$100k	-	Business 30 Day CD
0.15%	$100k	-	Business 90 Day CD

NorStates Bank IRA Rates

Apy	Min	Max	Product
1.80%	$100k	-	5 Year Education IRA
1.80%	$100k	-	5 Year IRA
1.80%	$100k	-	5 Year Roth IRA
1.55%	$100k	-	4 Year Education IRA
1.55%	$100k	-	4 Year IRA
1.55%	$100k	-	4 Year Roth IRA
0.80%	$100k	-	3 Year IRA
0.80%	$100k	-	3 Year Roth IRA
0.80%	$100k	-	3 Year Education IRA
0.55%	$100k	-	2 Year IRA
0.55%	$100k	-	2 Year Roth IRA
0.55%	$100k	-	2 Year Education IRA
0.35%	$100k	-	1 Year IRA
0.35%	$100k	-	1 Year Roth IRA
0.35%	$100k	-	1 Year Education IRA

Rates updated: 2/10/2012

Data for Q3 2011

Institution Statistics

Norstates Bank
FDIC Certificate #	18626
BankRate Report	View
Year Established	1962
Employees	124
Primary Regulator	FDIC
Assets and Liabilities
Assets	$503.08 million
Loans	$332.54 million
Deposits	$436.11 million
Equity Capital	$42.82 million
Loan Loss Allowance	$18.31 million
Unbacked Noncurrent Loans	$40.22 million
Real Estate Owned	$20.39 million
Historic Data - September 2010
Assets	$559.38 million
Equity Capital	$51.11 million
Loan Loss Allowance	$14.44 million
Unbacked Noncurrent Loans	$39.76 million
Real Estate Owned	$14.60 million
Profit Margin - Quarterly
Net Interest Margin	3.96%
Return on Assets	-1.2%
Return on Equity	-14.24%
Interest Income	$15.81 million

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 September 30, 2011 NorStates Bank had $60.61 million in non-current loans and owned real-estate with $61.13 million in equity and loan loss allowances on hand to cover it. This gives NorStates Bank a Texas Ratio of 99.15% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for NorStates Bank increased slightly from 82.93% as of September 30, 2010 to 99.15% as of September 30, 2011, resulting in a negative change of 19.56%. This indicates that the balance sheet and financial strength for NorStates Bank has declined slightly in recent periods.
Deposit Growth
In the past year, NorStates Bank has decreased its total deposits by -$27.2 million, resulting in -5.87% 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 NorStates Bank 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. NorStates Bank has $503.08 million in assets with $61.13 million in equity, resulting in a capitalization level of 12.15%, which is excellent.