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58 N Ayer St
Harvard, IL 60033

Harvard Savings Bank is headquartered in Harvard and is the 237th largest bank in the state of Illinois. It is also the 3,422nd largest bank in the nation. It was established in 1934 and as of December of 2013, it had grown to 30 employees at 3 locations. Harvard Savings Bank has a B+ health rating.

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Data for Q4 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 December 31, 2013 Harvard Savings Bank had $3.05 million in non-current loans and owned real-estate with $21.07 million in equity and loan loss allowances on hand to cover it. This gives Harvard Savings Bank a Texas Ratio of 14.46% 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 Harvard Savings Bank decreased dramatically from 27.92% as of December 31, 2012 to 14.46% as of December 31, 2013, resulting in a positive change of 48.21%.This indicates that the balance sheet and financial strength for Harvard Savings Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Harvard Savings Bank has increased its total deposits by $51,000, resulting in 0.04% 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 Harvard Savings Bank has shown is above 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. Harvard Savings Bank has $169.99 million in assets with $21.07 million in equity, resulting in a capitalization level of 12.40%, which is excellent.

Institution Statistics

FDIC Certificate #28938
Year Established1934
Primary RegulatorFDIC
Assets and Liabilities
Assets$169.99 million
Loans$116.86 million
Deposits$135.36 million
Equity Capital$18.60 million
Loan Loss Allowance$2.48 million
Unbacked Noncurrent Loans$2.72 million
Real Estate Owned$331,000
Historic Data - December 2012
Assets$169.24 million
Equity Capital$18.04 million
Loan Loss Allowance$2.55 million
Unbacked Noncurrent Loans$2.72 million
Real Estate Owned$803,000
Profit Margin - Quarterly
Net Interest Margin3.17%
Return on Assets0.51%
Return on Equity4.72%
Interest Income$6.44 million

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Harvard Savings Bank Savings Account Rates

0.50%--Christmas Club
0.50%--IRA Builder Passbook
0.50%--Roth IRA Builder Passbook
0.50%--SEP IRA Builder Passbook
0.15%--Cowabunga Kid's Club
0.10%--Regular Savings

Harvard Savings Bank Money Market Rates

0.30%$100k-Gold Premier Money Market

Harvard Savings Bank Checking Account Rates

2.50%-$15kWOW Rewards Checking
0.20%$75k-Lifetime Checking
0.05%--WOW Rewards Checking

Harvard Savings Bank CD Rates

1.53%$500-60 Month CD
1.07%$500-48 Month CD
0.92%$500-36 Month CD
0.56%$500-30 Month CD
0.46%$500-24 Month CD
0.36%$10k-6 Month CD Special - New Money
0.30%$500-18 Month CD
0.25%$500-12 Month CD
0.20%$500-6 Month CD
0.10%$500-91 Day CD

Harvard Savings Bank IRA Rates

1.58%$500-60 Month IRA (Traditional,Roth,SEP)
1.12%$500-48 Month IRA (Traditional,Roth,SEP)
0.97%$500-36 Month IRA (Traditional,Roth,SEP)
0.61%$500-30 Month IRA (Traditional,Roth,SEP)
0.51%$500-24 Month IRA (Traditional,Roth,SEP)
0.36%$500-18 Month IRA (Traditional,Roth,SEP)
0.30%$500-12 Month IRA (Traditional,Roth,SEP)
0.25%$500-6 Month IRA (Traditional,Roth,SEP)

Harvard Savings Bank Locations
Branch Facility1400 North DivisionHarvard, IL 60033
Harvard Savings Bank Branch211 E JeffersonMorris, IL 60450
Harvard Savings Bank58 N Ayer StHarvard, IL 60033