Harris Bank Argo
Summit, IL — Domestic Branch of a Domestic Bank
Acquired May 2005
Vitals
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Total Assets433.6M 7.7 %
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Total Deposits393.0M 10.1 %
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Total Net Loans363.5M 5.3 %
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Net Income716000.0000 -18.5 %
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Book Value32.2M 3.0 %
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Book Value x264.4M 3.0 %
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Book Value x396.7M 3.0 %
Balance Sheet Highlights
| Financial Highlights | Harris Bank Argo | All Insured Commercial Banks in Illinois |
| Balance Sheet $(000) | ||
| Total Assets | 433,592 | 170,003 |
| Total Net Loans | 363,476 | 112,542 |
| Total Deposits | 392,986 | 143,119 |
| Total Equity | 32,219 | 16,203 |
| Profitability | ||
| Net Income | 716 | 633 |
| Return on Average Assets | .676 | 1.127 |
| Return on Average Equity | 8.982 | 11.65 |
| Net Interest Margin | 3.457 | 3.831 |
| Efficiency Ratio | 66.121 | 63.149 |
| Noninterest Income/Revenue | 10.495 | 11.317 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 92.491 | 72.599 |
| Securities/Assets | .053 | .853 |
| Total Equity/Total Assets | .074 | .095 |
| Tangible Equity/Tangible Assets | .074 | -.012 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 31,915 | 15,444 |
| Tier 2 Capital | 9,212 | 1,388 |
| Total Capital | 41,127 | 16,919 |
| Total Risk Weighted Assets | 358,136 | 123,531 |
| Leverage Ratio | 7.53 | 9.803 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 8.91 | 15.057 |
| Total Capital Ratio | 11.48 | 16.157 |
Timeline for Harris Bank Argo
Bmo Harris Bank National Association
Harris Bank Argo was acquired by Bmo Harris Bank National Association 18 years
View Profile May 28 2005
Bmo Bankcorp, Inc.
Bmo Bankcorp, Inc. became a new parent organization for Harris Bank Argo.
View Profile Aug 05 1982
Cpc International Inc.
Cpc International Inc. became a new parent organization for Harris Bank Argo.
View Profile Dec 31 1970
Harris Bank Argo
Harris Bank Argo was established 113 years ago and is currently headquartered in Summit, IL.
May 03 1910| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Bmo Harris Bank National Association | Buyer | 106,682,933 | Pooling of Interests | Discontinued | 5/28/2005 |
| Relationships | Role | Relationship Start | Relationship End |
| Bmo Bankcorp, Inc. | Parent | 8/5/1982 | 5/27/2005 |
| Cpc International Inc. | Parent | 12/31/1972 | 8/4/1982 |
| Cpc International Inc. | Parent | 12/31/1970 | 12/30/1972 |
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