Cole Taylor Bank

Headquarters

225 W Washington
Chicago, IL 60602
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Cole Taylor Bank is an FDIC insured institution located in Chicago, IL. It was founded in 1978 and has approximately $5.95 billion in assets.

FDIC Insured Yes
FDIC Certificate # 22599
Date Established 1978
Assets $ 5.95 billion
Loans $ 4.31 billion
Deposits $ 4.02 billion
Capital $ 540.12 million
 

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

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98101


Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Cole Taylor Bank

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




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
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Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Cole Taylor Bank
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Branches

Cole Taylor 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:
Seattle,Washington


Cole Taylor Bank Locations


Financial Details

Cole Taylor Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cole Taylor 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
Cole Taylor Bank U.S. Bank Average
12.86% 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, Cole Taylor Bank had $72,716,000 in non-current loans and $7,259,000 in owned real estate. To cover these potential losses it had $540,117,000 in equity and $81,687,000 in loans loss reserves. That gives it a Texas Ratio of 12.86%.

Return on Equity
Cole Taylor Bank U.S. Bank Average
8.45% 7.80%

Cole Taylor Bank has a Return on Equity of 8.45% 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
Cole Taylor Bank U.S. Bank Average
9.07% 12.68%

Cole Taylor Bank has a Capitalization of 9.07% 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.

Cole Taylor Bank Balance Sheet Analysis

As of June 30, 2014, Cole Taylor Bank had assets of $5,952,440,000, loans of $4,308,471,000, and deposits of $4,022,403,000. 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 $ 4.31 billion
Loan loss allowance $ 81.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 7.26 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 4.02 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 $ 5.95 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 Cole Taylor Bank’s loan portfolio are Commercial and Industrial Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Illinois, Cole Taylor Bank has a significantly higher percent of 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 23.30
Multifamily
Mortgages
2.97
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 1.90
Construction and Development Loans 4.24
Commercial Real Estate 22.13
Commercial and Industrial Loans 44.85
Farm Loans 0.00

Frequently Asked Questions About Cole Taylor Bank

Branches and Savings

Is Cole Taylor Bank FDIC insured?

Yes. It is covered under FDIC Certificate #22599.

Why does Cole Taylor Bank pay such low interest on savings accounts?

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

Why are Cole Taylor Bank CD rates not competitive?

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

Is Cole Taylor Bank a commercial bank?

Yes

Where are Cole Taylor Bank locations?

See branch locations nearby.

Is Cole Taylor Bank open on Saturdays?

Is Cole Taylor Bank open on Sundays?

What time does Cole Taylor Bank open?

What time does Cole Taylor Bank close?

Are Cole Taylor Bank ATMs Open 24/7?

Do Cole Taylor Bank ATMs accept cash deposits?

Can Cole Taylor Bank customers use other ATMs?

Do Cole Taylor Bank branches have notaries?

Will Cole Taylor Bank notarize my document?

What address for Cole Taylor Bank should I put for incoming ACH transfers?

Will the Cole Taylor Bank branch print checks?

Do Cole Taylor Bank checks expire?

Does Cole Taylor Bank require US citizenship to open account?

Can Cole Taylor Bank close my account?

Does Cole Taylor Bank Report to credit bureaus?

Does Cole Taylor Bank Use Equifax?

What is Cole Taylor Bank's ACH Routing Number?

What is Cole Taylor Bank's SWIFT code?

Products

Does Cole Taylor Bank offer mortgages?

Compare mortgage rates here.

Does Cole Taylor Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cole Taylor Bank offer personal loans?

Compare personal loan rates here.

Does Cole Taylor Bank offer student loans?

Will Cole Taylor Bank cash a check?

Will Cole Taylor Bank redeem a savings bond?

Does Cole Taylor Bank cash savings bonds?

Will Cole Taylor Bank cash money orders?

Can Cole Taylor Bank issue a money order?

Does Cole Taylor Bank do currency exchange?

Background on The Bank

Who owns Cole Taylor Bank?

How long has Cole Taylor Bank been around?

Can Cole Taylor Bank transfer to other banks?

Does Cole Taylor Bank have quick pay?

Does Cole Taylor Bank accept rolled coins?

Will Cole Taylor Bank accept loose change?

Where is Cole Taylor Bank headquarters?

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