First Eagle Bank
First Eagle Bank is headquartered in Chicago and is the 102nd largest bank in the state of Illinois. It is also the 1,613st largest bank in the nation. It was established in 1985 and as of September of 2013, it had grown to 45 employees at 2 locations. First Eagle Bank has a B+ health rating.
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!!!!
Data for Q3 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 First Eagle Bank had $2.25 million in non-current loans and owned real-estate with $64.23 million in equity and loan loss allowances on hand to cover it. This gives First Eagle Bank a Texas Ratio of 3.50% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for First Eagle Bank held steady from 1.95% as of September 30, 2012 to 3.50% as of September 30, 2013, resulting in a negative change of 79.97%. This indicates that the balance sheet and financial strength for First Eagle Bank has held steady in recent periods.
Deposit Growth
In the past year, First Eagle Bank has decreased its total deposits by -$84.91 million, resulting in -21.88% 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
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 $414.29 million in assets with $64.23 million in equity, resulting in a capitalization level of 15.50%, which is excellent.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 25883 |
| Year Established | 1985 |
| Employees | 45 |
| Primary Regulator | FED |
| Assets and Liabilities | |
|---|---|
| Assets | $414.29 million |
| Loans | $242.12 million |
| Deposits | $303.20 million |
| Equity Capital | $58.64 million |
| Loan Loss Allowance | $5.59 million |
| Unbacked Noncurrent Loans | $2.25 million |
| Real Estate Owned | $0 |
| Historic Data - September 2012 | |
|---|---|
| Assets | $470.93 million |
| Equity Capital | $58.41 million |
| Loan Loss Allowance | $5.56 million |
| Unbacked Noncurrent Loans | $2.25 million |
| Real Estate Owned | $383,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.9% |
| Return on Assets | 2.04% |
| Return on Equity | 14.3% |
| Interest Income | $12.19 million |
Sorry, we do not have rate data for First Eagle Bank
| First Eagle Bank Locations | ||
|---|---|---|
| Hanover Park Branch | 1040 East Lake Street | Hanover Park, IL 60133 |
| First Eagle Bank | 1040 East Lake Street | Hanover Park, IL 60133 |