1 star ratingAverage User Rating:
1 star rating based on 1 review.

Parkway Bank and Trust Company

Parkway Bank and Trust Company Locations
4800 North Harlem Avenue
Harwood Heights, IL 60656
(708) 867-6600
www.parkwaybank.com

Parkway Bank and Trust Company is headquartered in Harwood Heights and is the 13st largest bank in the state of Illinois. It is also the 310st largest bank in the nation. It was established in 1964 and as of March of 2012, it had grown to 247 employees at 33 locations. Parkway Bank and Trust Company has a 2-star health rating.

Parkway Bank and Trust Company Routing Number: 071908160



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

Parkway Bank and Trust Company Checking Account Rates

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0.05%$1k-Now Account

Parkway Bank and Trust Company Savings Account Rates

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0.05%$100-Savings Account

Parkway Bank and Trust Company Money Market Rates

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0.60%$2m-Personal Preferred Money Market (PPMM)
0.60%$2m-Business Preferred Money Market (BPMM)

Parkway Bank and Trust Company CD Rates

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1.40%$1k-60 Month CD
1.15%$1k-48 Month CD
1.00%$1k-42 Month CD
0.90%$1k-36 Month CD
0.70%$1k-30 Month CD
0.65%$1k-24 Month CD
0.45%$1k-18 Month CD
0.35%$1k-12 Month CD
0.25%$1k-9 Month CD
0.15%$1k-6 Month CD
0.10%$1k-91 Day CD

Parkway Bank and Trust Company IRA Rates

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1.40%$500-60 Month IRA
1.15%$500-48 Month IRA
1.00%$500-42 Month IRA
0.90%$500-36 Month IRA
0.70%$500-30 Month IRA
0.65%$500-24 Month IRA
0.45%$500-18 Month IRA
0.35%$500-12 Month IRA

Rates updated: 5/26/2012

Data for Q1 2012


Institution Statistics


Parkway Bank and Trust Company
FDIC Certificate #19008
BankRate ReportView
Year Established1964
Employees247
Primary RegulatorFDIC

Assets and Liabilities

Assets$2.27 billion
Loans$1.58 billion
Deposits$1.93 billion
Equity Capital$225.85 million
Loan Loss Allowance$36.59 million
Unbacked Noncurrent Loans$142.10 million
Real Estate Owned$68.90 million

Historic Data - March 2011

Assets$2.53 billion
Equity Capital$221.50 million
Loan Loss Allowance$42.18 million
Unbacked Noncurrent Loans$184.94 million
Real Estate Owned$55.80 million

Profit Margin - Quarterly

Net Interest Margin3.45%
Return on Assets0.36%
Return on Equity3.64%
Interest Income$22.62 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio1
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 March 31, 2012 Parkway Bank and Trust Company had $211 million in non-current loans and owned real-estate with $262.44 million in equity and loan loss allowances on hand to cover it. This gives Parkway Bank and Trust Company a Texas Ratio of 80.40% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Parkway Bank and Trust Company held steady from 91.30% as of March 31, 2011 to 80.40% as of March 31, 2012, resulting in a positive change of 11.94%.This indicates that the balance sheet and financial strength for Parkway Bank and Trust Company has held steady in recent periods.
Deposit Growth1
In the past year, Parkway Bank and Trust Company has decreased its total deposits by -$227.87 million, resulting in -10.55% 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 Parkway Bank and Trust Company has shown is poor.
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. Parkway Bank and Trust Company has $2.27 billion in assets with $262.44 million in equity, resulting in a capitalization level of 11.56%, which is above average.
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DO NOT TRUST PARKWAY BANK
1 stars - SynimJeff - Thursday, November 3, 2011 - 6:25 PM

This bank is not to be trusted.  They do not back Business Debit Cards for fraudulent use.  They claim that Regulation E doesn't cover us because it is only for consumers. We are self employed and our accounts are tied to a social security number. We are consumers. When approached that no other bank and even Mastercard doesn't hide behind whatever fine print they think they are hiding from, they just didn't care.

They lied, cheat, and steal. They claimed they would help me with a card issue but later went back on their word.  Affter trying to fight them for six months, I am taking my business and pesonal accounts to a bank that doesn't screw customers.

I have had many customer service issues with this bank. DO NOT PUT YOUR MONEY THERE.

I would give them O stars if I could.

4
 
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