Harris Trust and Savings Bank in Chicago, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 27, 2005

  • Harris Trust and Savings Bank in Chicago, Illinois (IL)
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Harris Trust and Savings Bank - Overview

  • General
  • FDIC Certificate #: 906
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BMO Harris Bank National Association (#16571)
    Federal Reserve ID: 75633
    Date Established: May 01, 1882
    WWW: http://www.harrisbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 56 (Interstate: No)
    FDIC's unique #: 583
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 27, 2005
    Last Structure Change Process Date: June 03, 2005
    Last Data Update: June 03, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 West Monroe Street, Chicago, IL 60603
    County: Cook
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Chicago
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Chicago, IL (#1600)
    Consolidated Metropolitan Statistical Area (CMSA): Chicago-Gary-Kenosha, IL-IN-WI (#14)
    Combined Statistical Area (CSA): Chicago-Naperville-Michigan City, IL-IN-WI (#176)
    Core Based Statistical Area (CBSA): Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    CBSA Metro Statistical Area: Chicago-Joliet-Naperville, IL-IN-WI (#16980)
    Core Based Statistical Division: Chicago-Joliet-Naperville, IL (#16974)
  • Financial Summary
  • Total assets: $22,261.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2004)

  • Dollar figures in thousands
  • 3,631Total employees (full-time equivalent)
  • $21,493,019Total assets
  • $1,550,193Cash and due from depository institutions
  • $662,366Interest-bearing balances
  • $5,755,292Securities
  • $541,300Federal funds sold & reverse repurchase agreements
  • $11,308,631Net loans & leases
  • $219,740Loan loss allowance
  • $263,730Trading account assets
  • $211,064Bank premises and fixed assets
  • $220Other real estate owned
  • $173,478Goodwill and other intangibles
  • $0Life insurance assets
  • $1,689,111All other assets
  • $21,493,019Total liabilities and capital
  • $19,849,557Total liabilities
  • $13,981,531Total deposits
  • $9,827,068Interest-bearing deposits
  • $12,304,103Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,440,804Federal funds purchased & repurchase agreements
  • $173,036Trading liabilities
  • $414,045Other borrowed funds
  • $200,000Subordinated debt
  • $640,141All other liabilities
  • $1,643,462Total equity capital
  • $1,643,462Total bank equity capital
  • $1,643,462Perpetual preferred stock
  • $5,000Common stock
  • $100,000Surplus
  • $648,365Undivided profits
  • Memoranda
  • $890,097Noncurrent loans and leases
  • $9,647,257Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $173,454Earning assets
  • $0Long-term assets (5+ years)
  • $72,627Average Assets, year-to-date
  • $18,357,719Average Assets, quarterly
  • $2,546,733Volatile liabilities
  • $20,810,996Insider loans
  • $21,003,608FHLB advances
  • $9,469,275Loans and leases held for sale
  • $15,823Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,021,054Tier 2 risk-based capital
  • $43,423Total risk weighted assets
  • $9,598,305Total unused commitments
  • $0Restructured Loans and leases
  • $420,487Derivatives
  • $88,496Total assets and liabilities in foreign offices

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $673,046Total interest income
  • $238,718Total interest expense
  • $434,328Net interest income
  • $7,176Provision for loan and lease losses
  • $348,864Total noninterest income
  • $93,043Fiduciary activities
  • $100,310Service charges on deposit accounts
  • $17,844Trading account gains & fees
  • $137,667Additional noninterest income
  • $602,379Total noninterest expense
  • $377,448Salaries and employee benefits
  • $72,577Premises and equipment expense
  • $152,354Additional noninterest expense
  • $173,637Pre-tax net operating income
  • $26,180Securities gains (losses)
  • $58,726Applicable income taxes
  • $141,091Income before extraordinary items
  • $0Extraordinary gains - net
  • $141,091Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $23,460Sale, conversion, retirement of capital stock, net
  • $65,071Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.80%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 2.45%Net interest margin
  • 1.97%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 0.96%Pretax return on assets
  • 8.68%Return on equity (ROE)
  • 4.68%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 30.59%Credit loss provision to net charge-offs
  • 7.71%Efficiency ratio
  • 74,475Assets per employee
  • 5.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.12%Loss allowance to loans
  • 1.91%Loss allowance to noncurrent loans
  • 126.68%Noncurrent assets plus other real estate owned to assets
  • 0.81%Noncurrent loans to loans
  • 1.50%Net loans and leases to deposits
  • 80.88%Net loans and leases to core deposits
  • 120.73%Equity capital to assets
  • 7.65%Core capital (leverage) ratio
  • 8.33%Tier 1 risk-based capital ratio
  • 9.49%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $20,810,996Average earning assets
  • $1,625,806Average equity
  • $17,720,911Average loans

Total Fiduciary and Related Assets (December 31, 2004)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $34,267,002Managed Assets
  • 1Number of Accounts
  • $15,822,898Personal trust and agency accounts
  • $7,524,241Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $979,936Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $5,659,712Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $1,659,009Non-managed Assets
  • 6719Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $18,444,104Other retirement accounts
  • $18,266,081Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $68,608Fiduciary accounts held in foreign offices

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