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633 La Salle St
Ottawa, IL 61350

First Federal Savings Bank (IL) is headquartered in Ottawa and is the 110st largest bank in the state of Illinois. It is also the 1,714st largest bank in the nation. It was established in 1889 and as of March of 2014, it had grown to 111 employees at 12 locations. First Federal Savings Bank (IL) has a B health rating.

Reviews (1)

Overdraft Issue

A company made an unauthorized and unpermitted charge from my account which made the chaecking account overdrawn, I made the bank aware of it, but they just kept charging me overdraft fees, as more charges came through, lost $150.00 in a matter of hours, and was told it is "automatic", it is really dayrape, as the original ACH was not my fault at all, the company reversed the unaothorized charges but this Bank did not, I reported this situation to the BBB and the FTC, and will close all accounts accociated with this bank, including all the people I know having accounts with this bank, its just not fair!


Data for Q1 2014

Institution Health


Texas Ratio


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 Federal Savings Bank (IL) had $6.79 million in non-current loans and owned real-estate with $39.75 million in equity and loan loss allowances on hand to cover it. This gives First Federal Savings Bank (IL) a Texas Ratio of 17.07% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First Federal Savings Bank (IL) decreased slightly from 22.95% as of March 31, 2013 to 17.07% as of March 31, 2014, resulting in a positive change of 25.62%.This indicates that the balance sheet and financial strength for First Federal Savings Bank (IL) has improved slightly in recent periods.

Deposit Growth


In the past year, First Federal Savings Bank (IL) has decreased its total deposits by -$4.42 million, resulting in -1.27% 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 Federal Savings Bank (IL) has shown is average.



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 Federal Savings Bank (IL) has $388.3 million in assets with $39.75 million in equity, resulting in a capitalization level of 10.24%, which is above average.

Institution Statistics

FDIC Certificate #28924
Year Established1889
Primary RegulatorOCC
Assets and Liabilities
Assets$388.30 million
Loans$277.60 million
Deposits$343.74 million
Equity Capital$35.70 million
Loan Loss Allowance$4.05 million
Unbacked Noncurrent Loans$4.09 million
Real Estate Owned$2.70 million
Historic Data - March 2013
Assets$390.73 million
Equity Capital$33.10 million
Loan Loss Allowance$5.23 million
Unbacked Noncurrent Loans$4.09 million
Real Estate Owned$3.47 million
Profit Margin - Quarterly
Net Interest Margin2.9%
Return on Assets0.42%
Return on Equity4.52%
Interest Income$3.08 million

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First Federal Savings Bank (IL) has 12 locations. Click to view all First Federal Savings Bank (IL) locations.