This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Illinois' Strongest and Weakest Banks

Stocks in this article: NTRS MBFI BMO

Next was Harris NA, held by Bank of Montreal (BMO). It maintained its C-minus (fair) rating after posting a second-quarter loss of $44 million. After charging-off $248 million in problem loans in the fourth quarter, nonperforming loans crept up during the first and second quarters, leaving Harris with a nonperforming-assets ratio of 1.62% as of June 30. Loan-loss reserves covered 2.65% of total loans, well ahead of the 1.75% annualized ratio of net charge-offs to total loans for the second quarter.

The bank with the weakest asset quality among the 10 biggest in the state was Amcore Bank NA, a subsidiary of Amcore Financial (AMFI). Amcore was in serious trouble, with an 8.98% nonperforming-assets ratio and a total risk-based capital of 8.78% as of June 30. In late June, the bank agreed with the Federal Reserve and the Office of the Comptroller of the Currency to achieve and maintain a total risk-based capital ratio of 12% by Sept. 30.

Amcore is scheduled to release third-quarter results Oct. 27. While the company announced the sale of four branches in August, it has remained silent about compliance with its regulatory capital requirement.

Illinois Banks With Weakest Loan Quality

Fifteen Illinois institutions were included in's list of Undercapitalized Banks and Thrifts published Aug. 28 and based on June 30 financial reports. Of 116 undercapitalized institutions on the list, 13 have failed. From 89 banks and thrifts on a similar list published in May, more than half have been shuttered.

There were 23 Illinois banks and thrifts with nonperforming-assets ratios above 10% as of June 30. Nonperforming assets include nonaccrual loans, accruing loans past due 90 days or more, and repossessed real estate.

2 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs