Byline Bank

180 N Lasalle Street
Chicago, IL 60601

Notable Rates APY Vs.Others
Savings 0.05% 1.90% →
1-Year CD 0.15% 1.90% →
2-Year CD 0.30% 1.95% →
5-Year CD 0.80% 2.00% →
30-Year Mortgage N.A. 3.14% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.50% →

2020 Overview

General Bank Information

Byline Bank is an FDIC insured institution located in Chicago, IL. It was founded in 1972 and has approximately $5.52 billion in assets. Customers can open an account at one of its 93 branches.

FDIC Insured Yes
FDIC Certificate # 20624
Date Established 1972
Assets $5.52 billion
Loans $3.77 billion
Deposits $4.16 billion
Capital $0.77 billion

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

Deposit Rates - April 7, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $10,000 - Learn MoreShow Less
3 Mo CD
0.05% $2,500 - Learn MoreShow Less
6 Mo CD
0.10% $2,500 - Learn MoreShow Less

Fixed IRA
0.20% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.05% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $2,500 $9,999 Learn MoreShow Less

Loan Rates - April 7, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Byline 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

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
4.542% 4.500% 0.00 $1,250 $1,267 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Byline Bank
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Byline Bank Locations

Financial Details

Byline Bank Ratio Analysis

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

Texas Ratio
Byline Bank U.S. Bank Average
8.7% 6.51%

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 December 31, 2019, Byline Bank had $59,835,000 in non-current loans and $9,896,000 in owned real estate. To cover these potential losses it had $769,797,000 in equity and $31,936,000 in loans loss reserves. That gives it a Texas Ratio of 8.7%.

Return on Equity
Byline Bank U.S. Bank Average
8.34% 9.41%

Byline Bank has a Return on Equity of 8.34% versus the BestCashCow average of 9.41%. 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.

Byline Bank U.S. Bank Average
13.95% 12.82%

Byline Bank has a Capitalization of 13.95% versus the BestCashCow average of 12.82. 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.

Byline Bank Balance Sheet Analysis

As of December 31, 2019, Byline Bank had assets of $5,516,486,000, loans of $3,765,457,000, and deposits of $4,160,946,000. 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

December 31, 2019
Cash & Balances due from depository institutions $0.08 billion
Interest-bearing balances $0.03 billion
Total securities $1.20 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $3.77 billion
Loan loss allowance $0.03 billion
Trading account assets $0.01 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.20 billion
All other assets $0.14 billion
     Total Assets $4.75 billion
Total deposits $4.16 billion
      Interest-bearing deposits $2.87 billion
      Deposits held in domestic offices $4.16 billion
      % insured (estimated) 78.96%
Federal funds purchased and repurchase agreements $0.05 billion
Trading liabilities $0.01 billion
Other borrowed funds $0.49 billion
Subordinated debt $0.00 billion
All other liabilities $0.04 billion
      Total Liabilities $4.75 billion
      Shareholders’ Equity $0.77 billion

Summary Income Statement

December 31, 2019
Total Interest Income $0.26 billion
Total Interest Expense $0.05 billion
Net interest income $0.22 billion
Provision for loan and lease losses $0.02 billion
Total non interest income $0.05 billion
Total non interest expense $0.17 billion
Pre-tax Net Operating Income $0.08 billion

Bank Loan Profile?

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

Compared to other banks in Illinois, Byline Bank has a significantly higher percent of Construction and Development Loans, 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 11.16
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 8.39
Construction and Development Loans 7.34
Commercial Real Estate 34.08
Commercial and Industrial Loans 33.06
Farm Loans 0.00

Frequently Asked Questions About Byline Bank

Branches and Savings

Is Byline Bank FDIC insured?

Yes. It is covered under FDIC Certificate #20624.

Why does Byline Bank pay such low interest on savings accounts?

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

Why are Byline Bank CD rates not competitive?

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

Is Byline Bank a commercial bank?


Where are Byline Bank locations?

See branch locations nearby.

Is Byline Bank open on Saturdays?

Is Byline Bank open on Sundays?

What time does Byline Bank open?

What time does Byline Bank close?

Are Byline Bank ATMs Open 24/7?

Do Byline Bank ATMs accept cash deposits?

Can Byline Bank customers use other ATMs?

Do Byline Bank branches have notaries?

Will Byline Bank notarize my document?

What address for Byline Bank should I put for incoming ACH transfers?

Will the Byline Bank branch print checks?

Do Byline Bank checks expire?

Does Byline Bank require US citizenship to open account?

Can Byline Bank close my account?

Does Byline Bank Report to credit bureaus?

Does Byline Bank Use Equifax?

What is Byline Bank's ACH Routing Number?

What is Byline Bank's SWIFT code?


Does Byline Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Byline Bank offer personal loans?

Compare personal loan rates here.

Does Byline Bank offer student loans?

Will Byline Bank cash a check?

Will Byline Bank redeem a savings bond?

Does Byline Bank cash savings bonds?

Will Byline Bank cash money orders?

Can Byline Bank issue a money order?

Does Byline Bank do currency exchange?

Background on The Bank

Who owns Byline Bank?

How long has Byline Bank been around?

Can Byline Bank transfer to other banks?

Does Byline Bank have quick pay?

Does Byline Bank accept rolled coins?

Will Byline Bank accept loose change?

Where is Byline Bank headquarters?

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