Institution Statistics
| First Federal Savings Bank | | OTS # | 02631 | | FDIC Certificate # | 28924 | | BankRate Report | View | | Year Established | 1889 | | Employees | 120 | | Primary Regulator | OCC |
Assets and Liabilities | | Assets | $384.57 million | | Loans | $291.03 million | | Deposits | $343.29 million | | Equity Capital | $32.20 million | | Loan Loss Allowance | $5.40 million | | Unbacked Noncurrent Loans | $5.24 million | | Real Estate Owned | $4.35 million |
Historic Data - December 2011 | | Assets | $398.10 million | | Equity Capital | $33.70 million | | Loan Loss Allowance | $5.50 million | | Unbacked Noncurrent Loans | $7.88 million | | Real Estate Owned | $6.53 million |
Profit Margin - Quarterly | | Net Interest Margin | 3.22% | | Return on Assets | -0.38% | | Return on Equity | -4.54% | | Interest Income | $14.21 million |
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Institution Health
Overall Score:
3 out of 5 
| 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 December 31, 2012 First Federal Savings Bank (IL) had $9.59 million in non-current loans and owned real-estate with $37.6 million in equity and loan loss allowances on hand to cover it. This gives First Federal Savings Bank (IL) a Texas Ratio of 25.50% which is 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 36.75% as of December 31, 2011 to 25.50% as of December 31, 2012, resulting in a positive change of 30.60%.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 -$11.86 million, resulting in -3.34% 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 below average. | | 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 Federal Savings Bank (IL) has $384.57 million in assets with $37.6 million in equity, resulting in a capitalization level of 9.78%, which is average. |
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Average User Rating:
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!