Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
312-850-2900
1201 West Madison Street
Chicago, IL 60607

First Eagle Bank is headquartered in Chicago and is the 99th largest bank in the state of Illinois. It is also the 1,583rd largest bank in the nation. It was established in 1985 and as of March of 2014, it had grown to 49 employees at 2 locations. First Eagle Bank has a B+ health rating.

Reviews (1)

Rude Staff

The staff is rude, unwilling to help and talk down to you when you have questions and do not care about their customers. I was even told by one of their personal bankers that whether or not I was charged a fee for certain things depended on her mood for the day. I was informed decisions on peoples accounts depended on whther or not she felt like being nice. Cant close my account soon enough!!!!



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A+

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 Eagle Bank had $2.85 million in non-current loans and owned real-estate with $67.38 million in equity and loan loss allowances on hand to cover it. This gives First Eagle Bank a Texas Ratio of 4.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for First Eagle Bank experienced no significant changes from 4.59% as of March 31, 2013 to 4.22% as of March 31, 2014, resulting in a positive change of 7.96%.This indicates that the balance sheet and financial strength for First Eagle Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
F

In the past year, First Eagle Bank has decreased its total deposits by -$40.68 million, resulting in -11.14% 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 Eagle Bank has shown is poor.

Capitalization

GRADE:
A+

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 Eagle Bank has $425.72 million in assets with $67.38 million in equity, resulting in a capitalization level of 15.83%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #25883
Year Established1985
Employees49
Primary RegulatorFED
Assets and Liabilities
Assets$425.72 million
Loans$269.96 million
Deposits$324.53 million
Equity Capital$61.63 million
Loan Loss Allowance$5.76 million
Unbacked Noncurrent Loans$2.85 million
Real Estate Owned$0
Historic Data - March 2013
Assets$449.35 million
Equity Capital$60.13 million
Loan Loss Allowance$5.48 million
Unbacked Noncurrent Loans$2.85 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.66%
Return on Assets1.74%
Return on Equity12.03%
Interest Income$4.16 million
Rates

Sorry, we do not have rate data for First Eagle Bank

Locations


First Eagle Bank Locations
Hanover Park Branch1040 East Lake StreetHanover Park, IL 60133
First Eagle Bank1040 East Lake StreetHanover Park, IL 60133