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Overview / Commentary
847-228-9300
700 Busse Rd
Elk Grove Village, IL 60007

First American Bank (IL) is headquartered in Elk Grove Villag and is the 9th largest bank in the state of Illinois. It is also the 233rd largest bank in the nation. It was established in 1901 and as of March of 2014, it had grown to 548 employees at 50 locations. First American Bank (IL) has a B+ health rating.

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Reviews (1)

All My Dealings With First American Bank Have Been Positive, Staff Is Helpful And Responsive.

I am a long-distance customer, so I haven't visited a branch.  Website is easy to use, quick to access and seems secure (uses multiple security features).  I only had one problem and it was quickly rectified.  Special requests have been cheerfully and promptly handled.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First American Bank (IL) had $41.82 million in non-current loans and owned real-estate with $322.33 million in equity and loan loss allowances on hand to cover it. This gives First American Bank (IL) a Texas Ratio of 12.98% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for First American Bank (IL) decreased slightly from 16.51% as of March 31, 2013 to 12.98% as of March 31, 2014, resulting in a positive change of 21.42%.This indicates that the balance sheet and financial strength for First American Bank (IL) has improved slightly in recent periods.

Deposit Growth

GRADE:
B

In the past year, First American Bank (IL) has increased its total deposits by $17.87 million, resulting in 0.77% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First American Bank (IL) has shown is above average.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First American Bank (IL) has $3.41 billion in assets with $322.33 million in equity, resulting in a capitalization level of 9.46%, which is average.

Institution Statistics

Overall
FDIC Certificate #3657
Year Established1901
Employees548
Primary RegulatorFDIC
Assets and Liabilities
Assets$3.41 billion
Loans$1.10 billion
Deposits$2.35 billion
Equity Capital$282.81 million
Loan Loss Allowance$39.52 million
Unbacked Noncurrent Loans$23.79 million
Real Estate Owned$18.04 million
Historic Data - March 2013
Assets$2.75 billion
Equity Capital$271.80 million
Loan Loss Allowance$51.26 million
Unbacked Noncurrent Loans$23.79 million
Real Estate Owned$21.33 million
Profit Margin - Quarterly
Net Interest Margin2.48%
Return on Assets0.63%
Return on Equity7.87%
Interest Income$22.35 million
Rates

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First American Bank (IL) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k$1mHealth Savings Account
0.03%--Easy Savings Account

First American Bank (IL) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.22%$250k-Optimal Return Money Market Account

First American Bank (IL) Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.50%-$15kEveryday Rewards Checking - Qualifying
0.17%$250k-Optimal Checking Account
0.03%--Everyday Rewards Checking - Non Qualifying

First American Bank (IL) CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-60+ Month Relationship CD
1.00%$5k-60+ Month CD
0.60%$1k-48-59 Month Relationship CD
0.60%$5k-48-59 Month CD
0.45%$1k-36-47 Month Relationship CD
0.45%$5k-36-47 Month CD
0.35%$1k-24-35 Month Relationship CD
0.35%$5k-24-35 Month CD
0.30%$1k-18-23 Month Relationship CD
0.30%$5k-18-23 Month CD
0.25%$1k-15-17 Month Relationship CD
0.25%$5k-15-17 Month CD
0.20%$1k-12-14 Month Relationship CD
0.20%$5k-12-14 Month CD
0.15%$1k-9-11 Month Relationship CD
0.15%$5k-9-11 Month CD
0.10%$1k-6-8 Month Relationship CD
0.10%$5k-6-8 Month CD
0.05%$1k-3-5 Month Relationship CD
0.05%$5k-3-5 Month CD
Locations

First American Bank (IL) has 50 locations. Click to view all First American Bank (IL) locations.