Pacific Global Bank

Pacific Global Bank Locations
2323 South Wentworth Avenue
Chicago, IL 60616
312-225-2323
www.pacificglobalbank.com

Pacific Global Bank is headquartered in Chicago and is the 262nd largest bank in the state of Illinois. It is also the 3,739th largest bank in the nation. It was established in 1995 and as of September of 2011, it had grown to 37 employees at 3 locations. Pacific Global Bank has a 3-star health rating.

Pacific Global Bank Routing Number: 071006774

Related Posts

Top Long-Term CD Rates at Pacific Global Bank in Chicago - Local Only - 10/25/2010

Pacific Global Bank continues to list three competitive standard CD: 2.75% APY 5-year, 2.50% APY 4-year and 2.35% APY 3-year. The shorter terms are not quite as competitive. Minimum deposit is $1,000. ...

2.35% 36-Month CD At Pacific Global Bank In Chicago (Forum) - 7/25/2010

Pacific Global Bank is no longer listing any CD specials, but it still has a few competitive standard CD rates. The best ones as of 7/25/2010 include a 2.35% APY 3-year CD and a 2.50% APY 4-year CD. Minimum deposit is $1,000. It appears that a branch vis

2.00% 9-Month & 12-Month CD Special Continues at Pacific Global Bank in Chicago - Local Only (Forum) - 3/25/2010

Pacific Global Bank in Chicago is still listing a special CD yield of 2.00% APY for terms of 9 and 12 months as of 3/25/2010. I first posted on this promotion in this February bank review.

2.00% 12-Month CD and 1.75% Money Market Specials at Pacific Global Bank in Chicago - Local Only - 2/17/2010

Pacific Global Bank is offering a competitive CD promotion: 2.00% APY for terms of 9 and 12 months. Minimum deposit is $5,000, and the maximum is $250,000. New money is required. The promotion is lis ...

2009



Data for Q3 2011


Institution Statistics


Pacific Global Bank
FDIC Certificate #34089
BankRate ReportView
Year Established1995
Employees37
Primary RegulatorFED

Assets and Liabilities

Assets$156.64 million
Loans$122.63 million
Deposits$130.44 million
Equity Capital$15.26 million
Loan Loss Allowance$6.83 million
Unbacked Noncurrent Loans$11.54 million
Real Estate Owned$809,000

Historic Data - September 2010

Assets$172.77 million
Equity Capital$17.70 million
Loan Loss Allowance$6.31 million
Unbacked Noncurrent Loans$11.21 million
Real Estate Owned$965,000

Profit Margin - Quarterly

Net Interest Margin4.07%
Return on Assets-1.11%
Return on Equity-11.44%
Interest Income$5.76 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 Pacific Global Bank had $12.34 million in non-current loans and owned real-estate with $22.09 million in equity and loan loss allowances on hand to cover it. This gives Pacific Global Bank a Texas Ratio of 55.88% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Pacific Global Bank held steady from 50.71% as of September 30, 2010 to 55.88% as of September 30, 2011, resulting in a negative change of 10.19%. This indicates that the balance sheet and financial strength for Pacific Global Bank has held steady in recent periods.
Deposit Growth1
In the past year, Pacific Global Bank has decreased its total deposits by -$16.14 million, resulting in -11.01% 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 Pacific Global Bank has shown is poor.
Capitalization5
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. Pacific Global Bank has $156.64 million in assets with $22.09 million in equity, resulting in a capitalization level of 14.10%, which is excellent.
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