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Overview / Commentary
800-905-7725
7936 S. Cottage Grove Ave.
Chicago, IL 60619

Urban Partnership Bank is headquartered in Chicago and is the 43rd largest bank in the state of Illinois. It is also the 722nd largest bank in the nation. It was established in 2010 and as of March of 2014, it had grown to 244 employees at 15 locations. Urban Partnership Bank has a C+ health rating.

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Health

Data for Q1 2014

Institution Health

C+

Texas Ratio

GRADE:
C-

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Urban Partnership Bank had $116.16 million in non-current loans and owned real-estate with $157.25 million in equity and loan loss allowances on hand to cover it. This gives Urban Partnership Bank a Texas Ratio of 73.87% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Urban Partnership Bank decreased slightly from 85.23% as of March 31, 2013 to 73.87% as of March 31, 2014, resulting in a positive change of 13.33%.This indicates that the balance sheet and financial strength for Urban Partnership Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
F

In the past year, Urban Partnership Bank has decreased its total deposits by -$92.28 million, resulting in -10.01% 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 Urban Partnership Bank has shown is poor.

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. Urban Partnership Bank has $938.44 million in assets with $157.25 million in equity, resulting in a capitalization level of 16.76%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #59051
Year Established2010
Employees244
Primary RegulatorFDIC
Assets and Liabilities
Assets$938.44 million
Loans$551.12 million
Deposits$829.15 million
Equity Capital$98.61 million
Loan Loss Allowance$58.63 million
Unbacked Noncurrent Loans$116.16 million
Real Estate Owned$0
Historic Data - March 2013
Assets$1.04 billion
Equity Capital$103.57 million
Loan Loss Allowance$89.87 million
Unbacked Noncurrent Loans$116.16 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.16%
Return on Assets-2.87%
Return on Equity-27.14%
Interest Income$11.87 million
Rates

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Urban Partnership Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$50-Partnership Savings
0.10%$50-Minor Savings

Urban Partnership Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Premium Money Market
0.40%$100k-Premium IRA Money Market

Urban Partnership Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$50k-Partnership Plus Checking
0.10%$50k-Premium Partnership Plus Checking

Urban Partnership Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$100k-60 Month CD
0.65%$100k-48 Month CD
0.55%$100k-36 Month CD
0.45%$100k-30 Month CD
0.40%$100k-24 Month CD
0.35%$100k-18 Month CD
0.30%$100k-12 Month CD
0.25%$100k-9 Month CD
0.20%$100k-6 Month CD
0.15%$100k-3 Month CD

Urban Partnership Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.70%$500-60 Month IRA - Fixed
0.60%$500-48 Month Educational IRA
0.40%$500-36 Month IRA
0.35%$500-24 Month Educational IRA
0.30%$500-18 Month IRA
Locations

Urban Partnership Bank has 15 locations. Click to view all Urban Partnership Bank locations.