American Chartered Bank

Headquarters

20 North Martingale Road
Schaumburg, IL 60173
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.10% →
1-Year CD N.A. 1.10% →
2-Year CD N.A. 1.15% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

American Chartered Bank is an FDIC insured institution located in Schaumburg, IL. It was founded in 1987 and has approximately $2.77 billion in assets.

FDIC Insured Yes
FDIC Certificate # 27006
Date Established 1987
Assets $ 2.77 billion
Loans $ 1,985.00 million
Deposits $ 2.36 billion
Capital $ 252.23 million
 

For a more detailed analysis of American Chartered Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 7, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - August 7, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for American Chartered Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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Note to American Chartered Bank
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Branches

American Chartered Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


American Chartered Bank Locations


Financial Details

American Chartered Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Chartered Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
American Chartered Bank U.S. Bank Average
6.4% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, American Chartered Bank had $14,434,000 in non-current loans and $3,358,000 in owned real estate. To cover these potential losses it had $252,226,000 in equity and $25,954,000 in loans loss reserves. That gives it a Texas Ratio of 6.4%.

Return on Equity
American Chartered Bank U.S. Bank Average
13.15% 7.80%

American Chartered Bank has a Return on Equity of 13.15% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
American Chartered Bank U.S. Bank Average
9.09% 12.68%

American Chartered Bank has a Capitalization of 9.09% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

American Chartered Bank Balance Sheet Analysis

As of June 30, 2016, American Chartered Bank had assets of $2,774,526,000, loans of $1,984,995,000, and deposits of $2,358,619,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,985.00 million
Loan loss allowance $ 25.95 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.36 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 2.36 billion
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 2.77 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in American Chartered Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, American Chartered Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 18.62
Multifamily
Mortgages
2.58
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 14.79
Construction and Development Loans 2.58
Commercial Real Estate 42.51
Commercial and Industrial Loans 34.65
Farm Loans 0.00

Frequently Asked Questions About American Chartered Bank

Branches and Savings

Is American Chartered Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27006.

Why does American Chartered Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are American Chartered Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is American Chartered Bank a commercial bank?

Yes

Where are American Chartered Bank locations?

See branch locations nearby.

Is American Chartered Bank open on Saturdays?

Is American Chartered Bank open on Sundays?

What time does American Chartered Bank open?

What time does American Chartered Bank close?

Are American Chartered Bank ATMs Open 24/7?

Do American Chartered Bank ATMs accept cash deposits?

Can American Chartered Bank customers use other ATMs?

Do American Chartered Bank branches have notaries?

Will American Chartered Bank notarize my document?

What address for American Chartered Bank should I put for incoming ACH transfers?

Will the American Chartered Bank branch print checks?

Do American Chartered Bank checks expire?

Does American Chartered Bank require US citizenship to open account?

Can American Chartered Bank close my account?

Does American Chartered Bank Report to credit bureaus?

Does American Chartered Bank Use Equifax?

What is American Chartered Bank's ACH Routing Number?

What is American Chartered Bank's SWIFT code?

Products

Does American Chartered Bank offer mortgages?

Compare mortgage rates here.

Does American Chartered Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does American Chartered Bank offer personal loans?

Compare personal loan rates here.

Does American Chartered Bank offer student loans?

Will American Chartered Bank cash a check?

Will American Chartered Bank redeem a savings bond?

Does American Chartered Bank cash savings bonds?

Will American Chartered Bank cash money orders?

Can American Chartered Bank issue a money order?

Does American Chartered Bank do currency exchange?

Background on The Bank

Who owns American Chartered Bank?

How long has American Chartered Bank been around?

Can American Chartered Bank transfer to other banks?

Does American Chartered Bank have quick pay?

Does American Chartered Bank accept rolled coins?

Will American Chartered Bank accept loose change?

Where is American Chartered Bank headquarters?

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