Bank of Palatine

One East Northwest Highway
Palatine, IL 60067

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 21971
Date Established 1975
Assets $0.05 billion
Loans $0.01 billion
Deposits $0.05 billion
Capital $0.00 billion

Bank of Palatine is an FDIC insured institution located in Palatine, IL. It was founded in 1975 and has approximately $0.05 billion in assets.

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

Bank Loan Profile?

The top three loan types in Bank of Palatine’s loan portfolio are 1-4 Family Residential Loans, Small Business Loans, and Commercial Real Estate.

Compared to other banks in Illinois, Bank of Palatine has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 51.47
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.14
Small Business Loans 38.95
Construction and Development Loans 0.00
Commercial Real Estate 38.95
Commercial and Industrial Loans 9.76
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of Palatine, but see these great savings and CD rates:

1.25% APY Online Savings Account from Ally Bank
1.60% APY 11 Month CD from Ally Bank

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Palatine

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
3.875% 3.875% 0.00 $0 $1,176 Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
3.896% 3.875% 0.25 $628 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More
Flagstar Bank 4.990% $268.11 Learn More

Note to Bank of Palatine
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Branches

Bank of Palatine 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:
Ashburn,Virginia


Bank of Palatine Locations

Financial Details

Bank of Palatine Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Palatine. 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
Bank of Palatine U.S. Bank Average
60.8% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Palatine had $505,000 in non-current loans and $1,071,000 in owned real estate. To cover these potential losses it had $2,033,000 in equity and $559,000 in loans loss reserves. That gives it a Texas Ratio of 60.8%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Palatine U.S. Bank Average
-37.3% 8.58

Bank of Palatine has a Return on Equity of -37.3% versus the BestCashCow average of 8.58. 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
Bank of Palatine U.S. Bank Average
4.12% 12.11

Bank of Palatine has a Capitalization of 4.12% versus the BestCashCow average of 12.11. 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.

Bank of Palatine Balance Sheet Analysis

As of June 30, 2014, Bank of Palatine had assets of $49,398,000, loans of $13,209,000, and deposits of $47,168,000. 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.

Frequently Asked Questions About Bank of Palatine

Branches and Savings

Is Bank of Palatine FDIC insured?

Yes. It is covered under FDIC Certificate #21971.

Why does Bank of Palatine pay such low interest on savings accounts?

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

Why are Bank of Palatine CD rates not competitive?

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

Is Bank of Palatine a commercial bank?

Yes

Where are Bank of Palatine locations?

See branch locations nearby.

Is Bank of Palatine open on Saturdays?

Is Bank of Palatine open on Sundays?

What time does Bank of Palatine open?

What time does Bank of Palatine close?

Are Bank of Palatine ATMs Open 24/7?

Do Bank of Palatine ATMs accept cash deposits?

Can Bank of Palatine customers use other ATMs?

Do Bank of Palatine branches have notaries?

Will Bank of Palatine notarize my document?

What address for Bank of Palatine should I put for incoming ACH transfers?

Will the Bank of Palatine branch print checks?

Do Bank of Palatine checks expire?

Does Bank of Palatine require US citizenship to open account?

Can Bank of Palatine close my account?

Does Bank of Palatine Report to credit bureaus?

Does Bank of Palatine Use Equifax?

What is Bank of Palatine's ACH Routing Number?

What is Bank of Palatine's SWIFT code?

Products

Does Bank of Palatine offer mortgages?

Compare mortgage rates here.

Does Bank of Palatine offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Palatine offer personal loans?

Compare personal loan rates here.

Does Bank of Palatine offer student loans?

Will Bank of Palatine cash a check?

Will Bank of Palatine redeem a savings bond?

Does Bank of Palatine cash savings bonds?

Will Bank of Palatine cash money orders?

Can Bank of Palatine issue a money order?

Does Bank of Palatine do currency exchange?

Background on The Bank

Who owns Bank of Palatine?

How long has Bank of Palatine been around?

Can Bank of Palatine transfer to other banks?

Does Bank of Palatine have quick pay?

Does Bank of Palatine accept rolled coins?

Will Bank of Palatine accept loose change?

Where is Bank of Palatine headquarters?

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